Payday loans are expensive and should only be used for short term borrowing. Make sure you understand the costs before you apply.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

Debt problems? Get free confidential advice from StepChange Debt Charity on 0800 138 1111.

Your loan may be automatically extended if you don't repay it in full, this may impact your credit score and cost you extra in fees and interest. Failure to pay could mean you face collection action. If you already have a payday loan don't take out another as cheaper options are available; our guides explain.

sunny.co.uk Short Term Credit Account
Representative APR
1,971% APR (variable)
Loan Amount
£100 to £1,000
Maximum Term
5 months
Repayment for £100
£112.56 over 30 days
No transfer fees. No late payment fees. Flexible repayment schedules over 1 to 5 months.
Representative example: The Representative APR is 1,971% APR so if you borrow £350 over 12 months at 348% p.a. (variable) you will repay £105.65 per month. You will pay £917.80 in interest and £1,267.80 in total.
Satsuma Loans Short Term Loan
Representative APR
794% APR
Loan Amount
£100 to £1,000
Maximum Term
39 weeks
Repayment for £100
£140.01 over 13 weeks
There are absolutely no extra fees or charges whatsoever. 97% of our customers would use us again.
Representative Example: The Representative APR is 794% APR so if you borrow £260 over 26 weeks at 136.1% p.a. (fixed) you will make 26 weekly payments of £16.80. You will pay £176.80 in interest and £436.80 in total.
QuickQuid Payday Loan
Representative APR
1,999% APR
Loan Amount
£100 to £1,000
Maximum Term
5 months
Repayment for £100
£128.50 over 30 days
Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at 347% p.a. (fixed) you will repay £58.90 in interest and £258.90 in total.
Peachy Loans Short Term Loan
Representative APR
1,183% APR
Loan Amount
£50 to £500
Maximum Term
5 months
Repayment for £100
£133 over 28 days
Representative Example: The Representative APR is 1,183% APR so if you borrow £200 over 61 days at 365% p.a. (fixed) you will repay £151.08 each 30 days. You will repay £97.16 in interest, a £5 transmission fee and £302.16 in total.
Lending Stream Loan
Representative APR
1960.5% APR
Loan Amount
£50 to £800
Maximum Term
6 months
Repayment for £100
£200 over 6 months
Free express cash transfer. Flexible repayment options over 1 to 6 months. Prepay with no extra fee.
Representative Example: The Representative APR is 1960.5% APR so if you borrow £200 over 6 months at 314.7% p.a. (fixed) your first repayment will be £50 followed by £90, £80, £70, £60 and £50 the following months. You will repay £400 in total.
PiggyBank Payday Loan
Representative APR
1,355% APR
Loan Amount
£50 to £400
Maximum Term
35 days
Repayment for £100
£133.10 over 28 days
Representative Example: The Representative APR is 1355% APR so if you borrow £250 for 30 days at 300% p.a (fixed) you will pay £62.50 in interest, a £9.95 administration fee and £322.45 in total.
Pounds to Pocket Short Term Loan
Representative APR
278% APR
Loan Amount
£200 to £2,000
Maximum Term
12 months
Repayment for £100
-
Representative Example: The Representative APR is 278% APR so if you borrow £500 over 12 months at 140% p.a. (fixed) you will repay £79.09 per month. You will pay £449.01 in interest and £949.01 in total.
PaydayUK Loan
Representative APR
1,297% APR
Loan Amount
£100 to £1,000
Maximum Term
46 days
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1297% APR so if you borrow £230 over 28 days at 292.2% (fixed) you will repay £51.56 in interest and £281.52 in total.
different money Short Term Loan
Representative APR
1,352% APR
Loan Amount
£150 to £2,500
Maximum Term
12 months
Repayment for £100
-
Short term instalment loans and provider. No transfer fees and capped interest
Representative Example: The Representative APR is 1352% APR so if you borrow £400 for 4 months at 292% p.a. (variable) you will repay £164.07 per month. You will repay £256.28 in interest and £656.28 in total.
Wonga Short Term Cash Loan
Representative APR
1,509% APR
Loan Amount
£50 to £400
Maximum Term
54 days
Repayment for £100
£124 over 30 days
One off missed payment fee of £15.
Representative Example: The Representative APR is 1,509% APR so if you borrow £100 over 13 days at 292% p.a. (fixed) you will repay £10.40 in interest and £110.40 in total.
MrLender.com Short Term Loan
Representative APR
1,216.7% APR
Loan Amount
£100 to £1,000
Maximum Term
6 months
Repayment for £100
£122.40 over 30 days
Same day fast track payment to your account for just £8
Representative Example: The Representative APR is 1,216.7% APR (fixed) so for a £500 loan, less a £7 administration fee and £8 same day transfer fee over 5 months, you will borrow £485 at 292% p.a (fixed), Your first repayment will be £220 followed by £196, £172, £148 and £124 the following months. You will repay £360 in interest and £860 in total.
Next Credit Payday Loan
Representative APR
1,556% APR
Loan Amount
£100 to £300
Maximum Term
28 days
Repayment for £100
£124 over 28 days
Representative Example : The Representative APR is 1556% APR so if you borrow £100 over 28 days at 313% p.a. (fixed) you will repay £6 per week. You will pay £24 in interest and £124 in total.
CashCowNow Payday Loan
Representative APR
1,737% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£125 over 31 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1,737% APR so if you borrow £100 over 31 days at 296% p.a. (fixed) you will pay £25 in interest and repay £125 in total.
Payday Pig Payday Loan
Representative APR
1,737% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£125 over 31 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1737% APR so if you borrow £100 over 31 days at 296% p.a. (fixed) you will repay £25 in interest and £125 in total.
UK Payday Today Payday Loan
Representative APR
2,327.87% APR
Loan Amount
£100 to £1,000
Maximum Term
18 months
Repayment for £100
£134.57 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
Representative Example: The Representative APR is 2,327.87% APR so if you borrow £275 over 28 days at 359.4% p.a. (fixed) you will repay £82.36 in interest and £357.36 in total.
Tide u Over Payday Loan
Representative APR
1,734% APR
Loan Amount
£100 to £500
Maximum Term
39 days
Repayment for £100
£135 over 30 days
Representative Example: The Representative APR is 1,734% APR so if you borrow £200 over 28 days at 326% p.a. (fixed) you will repay £61 in interest and £261 in total.
MYJAR Instalment Loan
Representative APR
1,272% APR
Loan Amount
£100 to £300
Maximum Term
3 months
Repayment for £100
£172 over 90 days
Repay early in full or in part & only pay for the days you borrow. No hidden charges. No rollovers.
A single default fee of £15 following the first missed payment.
Representative Example: The Representative APR is 1,272% APR so if you borrow £100 over 90 days at 292.2% p.a. (variable) you will pay £72 in interest and repay £172 in total.
Ladder Loans Short Term Loan
Representative APR
299% APR
Loan Amount
£500 to £1,500
Maximum Term
18 months
Repayment for £100
-
Representative Example: The Representative APR is 299% APR so if you borrow £1,000 over 12 months at 147% p.a. (fixed) you will repay £163.10 per month. You will repay £957.20 in interest and £1,957.20 in total.
QuickQuid Payday Loan (3 Pay Period)
Representative APR
1,999% APR
Loan Amount
£50 to £1,000
Maximum Term
5 months
Repayment for £100
£128.50 over 90 days
Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at 347% p.a. (fixed) you will repay £58.90 in interest and £258.90 in total.
QuickQuid Payday Loan (1 Pay Period)
Representative APR
1,999% APR
Loan Amount
£50 to £1,000
Maximum Term
5 months
Repayment for £100
£128.50 over 30 days
Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at 347% p.a. (fixed) you will repay £58.90 in interest and £258.90 in total.

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Important Information About Payday Loans

Here is some important information about the practices used by many of the payday lenders we list on money.co.uk. To find out about the specific practices and charges applied by your chosen payday loan lender you will need to check their website and read their terms and conditions carefully before you apply.

The financial implications of non-payment

You should always make repayments on your payday loan on time and in full. The interest rates and information we list in our comparison tables assume that you will do this. Payday loan lenders each have their own policies regarding non-payment, this affects the additional interest and charges they apply and the debt collection practices they use.

If you do not make your agreed repayments on time then you are likely to be charged extra interest and additional fees. Some lenders will also take legal action if you repeatedly fail to repay. How much extra you are charged and the collection practices used for non-payment will depend on the payday loan lender you have borrowed from; you should check this before applying. Your payday loan payments will be taken out of your account automatically. However, if you do not have enough money in your account to cover the payment you are likely to incur extra charges. You are also likely to be charged interest on your balance at that point; this may be more than the original amount you borrowed.

If you think you may have difficulty making a repayment you should contact your lender immediately. Failure to do so could impact your credit score and result in additional charges.

The impact of non-payment on your credit score

Non-payment will also be recorded on your credit file. Repeated non-payment may have a negative impact on your credit rating and affect your eligibility for future borrowing. You should always make repayments on time and in full to avoid any repercussions on your credit rating.

Renewal policy information

It is not advisable to renew or extend a payday loan. However, if you do need to you should contact your lender to arrange an extension before they try to take payment. Most payday loan lenders will charge you an extension fee and additional interest on your total outstanding balance. Some lenders will automatically renew or extend your payday loan if you do not make an agreed repayment. This is likely to cost you extra in additional fees, interest and charges. You should check your chosen lender’s approach to payday loan extensions before you apply.

Payday loan collection practices

If you fail to make an agreed repayment on a payday loan most lenders will contact you by phone, post or email to rearrange your repayment. If you repeatedly fail to make repayments then they may use collection practices or take legal action. You should familiarise yourself with the collection practices of your chosen payday lender before you apply.

Financial difficulty

If you are struggling to make repayments on a payday loan you should contact your lender right away. You can also get free advice from debt charities like StepChange, Citizens Advice Bureau and the National Debtline.

How to Find the Best Payday Loans Online

by Martin from money.co.uk

With high interest rates and charges you need to be extra careful when looking for the best online payday loans. Here's how to get the cheapest payday loans online that lend you the money you need at short notice.

How to Find the Best Payday Loans Online

If you are looking for fast payday loans online you need to be careful that you don't end up paying over the odds for your borrowing.

With interest rates well over 1,000% finding cheap payday loans online can be a difficult task, so taking the time to compare payday online deals is essential for keeping your borrowing costs down.

Here's how to find the best payday loans online direct lenders deals and what you need to check before you apply.

Do you need a payday loan?

Before applying for online payday loans you should investigate all the financial alternatives available to you, simply due to the very high cost of borrowing using a payday loan, there may be cheaper options available to you.

If you need to borrow money at short notice there are several other financial options which could meet your borrowing needs at a much lower cost. Read our guide: The Cheapest Way to Borrow Money Fast for a list of options.

Equally if you are looking for an online payday loans because you have a poor credit history there are still other alternatives that could cost you less overall. Read our guide: How to Borrow Money With Bad Credit.

Decide what you need to borrow

Once you've decided that you definitely need an online payday loan the next step is to decide how much you need to borrow and for how long.

As a general rule and due to the high expense of borrowing with a pay day loan you should try and keep your borrowing to a minimum and opt to repay your loan as quickly as you can realistically afford.

This will keep the cost of your loans under control and reduce the cost of your overall borrowing.

Compare prices

The main factor that will determine which payday loan is the best option for you personally is the cost of your borrowing.

Although there isn't really any such thing as cheap payday loan, interest rates do vary by well over 1,000% from one payday lender to another.

This makes it really worth your while comparing the interest rates charged by the different lenders offering fast payday loans to help you to decide which lender will offer you the best rates.

You should look for the cheapest payday loans online - this is most likely the one that combines the lowest interest rate with the lowest charges - so you pay as little as possible for borrowing this way. Be careful not to be tricked by lenders who offer low interest rates but don't make their other charges clear, you could end up paying far more for your borrowing than expected.

You can use our payday online comparison table to compare the different interest rates quoted by the various payday loan companied to find the best deal for your circumstances.