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 APRLoan AmountMaximum TermRepayment for £100
1,971% APR (variable)£100 to £1,0005 months£128.99 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 APRLoan AmountMaximum TermRepayment for £100
794% APR£100 to £1,00039 weeks£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 APRLoan AmountMaximum TermRepayment for £100
1,999% APRvaries to £1,0005 months£128.50 over 30 days
Use code MONEYQ10 to save 10% on your initial interest rate. No hidden fees.
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.
MrLender.com Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,261% APR£80 to £1,0006 months£130 over 28 days
If you want the money the same day you'll need to pay a £10 faster payment fee.
Representative Example: The Representative APR is 2261% APR (fixed) so for a £500 loan, less a £7 administration fee and £10 same day transfer fee over 5 months, you will borrow £483 at 30% p.a (fixed), Your first repayment will be £250 followed by £220, £190, £160 and £130 the following months. You will pay £450 in interest and £950 in total.
Lending Stream Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1960.5% APR£50 to £8006 months£200 over 6 months
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 £200 in interest and £400 in total.
Pounds to Pocket Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
278% APR£200 to £2,00012 months-
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.
Peachy Loans Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,183% APR£50 to £5005 months£132 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.
QuickQuid FlexCredit
Representative APRLoan AmountMaximum TermRepayment for £100
1,362% APR (variable)£100 to £1,00010 months£235.94 over 10 months
Use code MONEYQ10 to save 10% off initial loan fees.
Representative Example: The Representative APR is 1,362% APR so if you borrow £1,200 over 10 months at 300% p.a. (fixed) you will repay £1,631.34 in interest and £2,831.34 in total.
Wonga Short Term Cash Loan
Representative APRLoan AmountMaximum TermRepayment for £100
5,853% APR£1 to £40030 days£137.15 over 30 days
Representative Example: The Representative APR is 5,853% APR so if you borrow £150 over 18 days at 365% p.a. (fixed) you will repay £27.99 in interest, a transmission fee of £5.50 and £183.49 in total.
PiggyBank Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,355% APR£50 to £40035 days£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.
Next Credit Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,556% APR£100 to £40028 days£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 APRLoan AmountMaximum TermRepayment for £100
1,737% APR£100 to £1,00031 days£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 APRLoan AmountMaximum TermRepayment for £100
1,737% APR£100 to £1,00031 days£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 APRLoan AmountMaximum TermRepayment for £100
2,327.87% APR£100 to £1,00018 months-
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 APRLoan AmountMaximum TermRepayment for £100
1,734% APR£100 to £50039 days£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 Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
3,943% APR-18 days£120 over 18 days
Representative Example: The Representative APR is 3,943% APR so if you borrow £100 over 18 days at 406% p.a. (variable) you will pay £20 in interest and repay £120 in total.
Wageme.com Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1221.5% APR£50 to £75030 days£124 over 30 days
If you want the money the same day you have to pay a fast payment fee of £15.
Representative Example: The Representative APR is 1221.5% APR so if you borrow £275 over 30 days at 288% p.a. (fixed) you will repay £66 in interest and £341 in total.
KwikPayday Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,670% APR£10 to £1,00028 days£129 over 28 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 2,670% APR so if you borrow £200 over 28 days at 378% p.a. (fixed) you will repay £58 in interest and £258 in total.
Kwik Cash Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,670% APR£80 to £1,0006 months£129 over 28 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 2,670% APR so if you borrow £200 over 28 days at 378% p.a (fixed) you will repay £58 in interest and £258 in total.
Ladder Loans Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
299% APR£500 to £1,50018 months-
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.

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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.

What's the Best Way to Get a Quick Loan?

by DanB from money.co.uk

Whatever your reason for needing a loan quickly, it's important not to rush into the first deal you spot. We look at the different ways you can get a fast loan and how to decide which option is right for you.

Coffee Computer

What type of loan should you get?

There are lots of ways to borrow money quickly, even with bad credit. A credit card may be the cheapest option, but don't just assume your existing card is your best bet - see if you can find a better deal with a new card.

An authorised overdraft on your bank account is worth looking into - explain your circumstances to your bank to see if they're happy to extend your overdraft for a while, but avoid going into an unauthorised overdraft.

Alternatively, you could try a guarantor loan, borrowing from a friend or a Credit Union or Budget Loan. You can read more about your options in our guide, What is the Best Way to Borrow Money Until Payday?

If you decide on a payday loan instead, make sure you fully understand how they work before rushing into taking one out, however urgently you need the money.

High fees and interest rates can make payday loans very expensive, especially if you don't pay it back when it's due - rolling the loan over can push up how much you have to pay back considerably.

If you do miss repayments, this can affect your credit rating, meaning it could be harder to get a loan or even a mortgage in the future.

What to look for

Before you look for a loan, work out how much you need to borrow and don't be tempted to take out more than you need, as that can increase your costs.

The total amount you'll have to pay back will be determined by the interest rate and fees of the loan you choose. Check the cost per 100 of each loan you consider, as this will help you compare them and pick the cheapest.

Once you've chosen the right loan, you can apply online. The lender will let you know how much you can borrow and what it will cost to repay it. Once the application is complete, they'll transfer the money to your account.

When you reach the repayment date, the lender will often take the funds directly from your account. It's up to you to make sure you have enough money available for this so you can avoid having to roll the loan over.