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.

This comparison includes featured payday loans available for online application.
We are a comparison website that's authorised and regulated by the FCA as a credit broker. How our site works.
Lending Stream Loan
Representative APR
1272.0% APR
Loan Amount
£50 to £800
Maximum Term
6 months
Repayment for £100
£124 over 30 days
The Representative APR is 1272.0% APR so if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £46.40 followed by £88, £78.40, £69.76, £59.84 and £49.28 the following months. You will repay £391.68 in total.
QuickQuid Payday Loan
Representative APR
1,270% APR
Loan Amount
£50 to £1,000
Maximum Term
3 months
Repayment for £100
£124 over 30 days
Representative Example: The Representative APR is 1,270% APR so if you borrow £100 over 30 days at 292% p.a. (fixed) you will repay £24 in interest and £124 in total.
sunny.co.uk Short Term Loan
Representative APR
757% APR
Loan Amount
£100 to £2,500
Maximum Term
14 months
Repayment for £100
£119.20 over 30 days
Exclusive interest rate of 19.2% per month available via money.co.uk on loans up to £950. T&Cs apply.
Representative Example: The Representative APR is 757% APR so if you borrow £400 over 6 months at 233.6% p.a. (fixed) you will repay 6 monthly instalments of £112.72 and £676.30 in total.
Wonga Short Term Cash Loan
Representative APR
1,509% APR
Loan Amount
£50 to £400
Maximum Term
41 days
Repayment for £100
£124 over 30 days
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.
Satsuma Loans Short Term Loan
Representative APR
845% APR
Loan Amount
£100 to £1,000
Maximum Term
52 weeks
Repayment for £100
£140.01 over 13 weeks
Representative Example: The Representative APR is 845% APR so if you borrow £400 over 26 weeks at 140% p.a. (fixed) you will make 26 weekly payments of £26.15. You will pay £279.90 in interest and £679.90 in total.
Peachy Loans Short Term Loan
Representative APR
1255.66% APR
Loan Amount
£50 to £700
Maximum Term
12 months
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1255.66% APR so if you borrow £250 over 91 days at 292.25% p.a. (fixed) you will repay £126.48 each 30 days. You will repay £129.44 in interest and £379.44 in total.
MrLender.com Short Term Loan
Representative APR
1,269.6% APR
Loan Amount
£100 to £500
Maximum Term
6 months
Repayment for £100
£148.53 over 3 months
Representative Example: The Representative APR is 1,269.6% APR (fixed) so for a £500 loan, duration 5 months, (5 Payments, Payment 1-£220, Payment 2-£196, Payment 3-£172, Payment 4-£148, Payment 5-£124). Rate of interest 0.8% per day, 292% per annum (fixed). Total repayable £860.
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 £600 over 12 months at 140% p.a. (fixed) you will repay £95.37 per month. You will pay £544.44 in interest and £1,144.44 in total.
PaydayUK Loan
Representative APR
1,192% APR
Loan Amount
£100 to £650
Maximum Term
5 months
Repayment for £100
£138.56 over 60 days
Representative Example: The Representative APR is 1192% APR so if you borrow £320 over 2 months at 245.5% (fixed) you will repay £150.56 in interest and £470.56 in total.
PiggyBank Payday Loan
Representative APR
1,270% APR
Loan Amount
£100 to £750
Maximum Term
5 months
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1270% APR so if you borrow £250 for 30 days at 292% p.a (fixed) you will pay £60 in interest and £310 in total.
Different Money Short Term Instalment Loan
Representative APR
1,072% APR
Loan Amount
£150 to £2,500
Maximum Term
12 months
Repayment for £100
-
Representative Example: The Representative APR is 1,072% APR so if you borrow £500 for 6 months at 255.5% p.a. (variable) you will repay £159.39 per month. You will repay £456.35 in interest and £956.36 in total.
SafetyNet Credit Short Term Loan
Representative APR
68.7% APR
Loan Amount
£100 to £500
Maximum Term
-
Repayment for £100
-
Representative Example: The Representative APR is 68.7% APR based on borrowing £500 at 292% p.a. (variable). You will repay 0.8% interest per day up to a maximum of 40 days.
MYJAR Short Term Loan
Representative APR
1,272% APR
Loan Amount
£100 to £500
Maximum Term
3 months
Repayment for £100
£151.40 over 90 days
Representative Example: The Representative APR is 1,272% APR so if you borrow £300 over 90 days at 292% p.a. (variable) you will pay £154.23 in interest and repay £454.23 in total.
Next Credit Payday Loan
Representative APR
1,297% APR
Loan Amount
£100 to £300
Maximum Term
28 days
Repayment for £100
£122.40 over 28 days
Representative Example : The Representative APR is 1297% APR so if you borrow £100 over 28 days at 292% p.a. (fixed). You will pay £22.40 in interest and £122.40 in total.
Quidie Online Lending Payday Loan
Representative APR
1,269.7% APR
Loan Amount
£100 to £400
Maximum Term
38 days
Repayment for £100
£124.00 over 30 days
Representative Example: The Representative APR is 1269.7% so if you borrow £100.00 over 30 days at rate of 292.2% p.a. (fixed) you will repay £24 interest and £124 in total.
Tide u Over Payday Loan
Representative APR
452% APR
Loan Amount
£100 to £500
Maximum Term
31 days
Repayment for £100
£116 over 31 days
Representative Example: The Representative APR is 452% APR so if you borrow £200 over 28 days at 182.5% p.a. (fixed) you will repay £28 in interest and £228 in total.
Balmoral Financial Short Term Loan
Representative APR
98.33%
Loan Amount
£200 to £2,000
Maximum Term
24 months
Repayment for £100
-
Representative Example: The Representative APR is 98.33% so if you borrow £400.00 over 5 months at rate of 70.8% p.a. (fixed) you will repay £94.64 per month and £473.18 in total. Total charge for credit £73.18.
Wizzcash Short Term Loan
Representative APR
993% APR
Loan Amount
£200 to £300
Maximum Term
3 months
Repayment for £100
-
Representative Example: The Representative APR is 993% APR so if you borrow £200 over 90 days at 264% p.a. (fixed) you will repay £97.06 per month. You will pay £91.18 in interest and £291.18 in total.
Creditstar Short Term Loan
Representative APR
1,269.72% APR
Loan Amount
£100 to £300
Maximum Term
30 days
Repayment for £100
£124 over 30 days
Representative Example: The Representative APR is 1269.72% so if you borrow £100.00 over 30 days at rate of 292% p.a. (fixed) you will repay £124 per month and £124 in total. Total charge for credit £24

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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

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.

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.

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Payday loans - are they ever worth it?

Payday loans can give you enough money to tide you over till your next pay cheque clears, but at great cost. We look at whether it's ever worth taking one out, and if so, how to find the one that'll give you the cheapest cash.

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