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.

QuickQuid Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||
---|---|---|---|---|---|

1,999% | £100 to £1,000 | 3 months | £129.50 over 31 days | ||

Use code MONEY30 to save 30% on your initial interest rate. | |||||

Representative Example: The Representative APR is 1,999% so if you borrow £200 over 31 days at a rate of 347% p.a. (fixed) you will repay £259. | |||||

sunny.co.uk Flexible Credit | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,971% | £100 to £1,000 | 5 months | £127.06 over 28 days | ||

Representative example: The Representative APR is 1,971% so if you borrow £350 over 12 months at a rate of 348% p.a. (variable) you will repay 12 monthly payments of £105.65 and £1267.80 in total. | |||||

Wonga Short Term Cash Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

5,853% | £1 to £400 | 35 days | £135.04 over 28 days | ||

If you want this loan you'll need to pay a £5.50 faster payment fee. | |||||

Representative Example: The Representative APR is 5,853% so if you borrow £150 over 18 days at a rate of 365% p.a. (fixed) you will repay £183.49. Includes £5.50 transmission fee. | |||||

Lending Stream Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,006.5% | £50 to £800 | 6 months | £125 over 30 days | ||

Representative Example: The Representative APR is 2006.5% so if you borrow £200 over 6 months at a rate of 320.2% p.a. (fixed) you will repay £400. | |||||

Peachy Loans Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,058% | £50 to £500 | 5 months | £133 over 28 days | ||

If you want this loan you'll need to pay a £5 faster payment fee. | |||||

Representative Example: The Representative APR is 1,058% so if you borrow £200 over 60 days at a rate of 365% p.a. (fixed) you will repay £299.08 in total. | |||||

Pounds to Pocket Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

278% | £200 to £2,000 | 12 months | - | ||

Representative Example: The Representative APR is 278% so if you borrow £500 over 12 months at a rate of 140% p.a. (fixed) you will repay £79.09 per month and £949.01 in total. | |||||

Cashub.co.uk Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,734% | £50 to £500 | 30 days | £125 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 1,734% (variable) so if you borrow £200 over 28 days at a rate of 326% p.a.(fixed) you will repay a total of £250. | |||||

QuickQuid FlexCredit | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,362% | £100 to £1,000 | 10 months | £123.49 over 30 days | ||

Use code MONEY30 to save 30% off initial loan fees. | |||||

Representative Example: The Representative APR is 1,362% so if you borrow £1,200 over 10 months at a rate of 300% p.a. (fixed) you will repay £2,831.34. | |||||

Cash Lady Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,670% | £80 to £300 | 6 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% so if you borrow £200 for 28 days at a rate of 378% p.a. (fixed) you will repay £258 in total. | |||||

Paydaylady.co.uk Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,734% | £50 to £500 | 30 days | £125 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 1,734% so if you borrow £200 over 28 days at a rate of 326% p.a.(fixed) you will repay a total of £250. | |||||

Purple Payday Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

3,257.5% | £100 to £1,000 | 45 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 3,257.5% so if you borrow £320 over 28 days at a rate of 446.3% (fixed) you will repay £419. Includes £3 transmission fee. | |||||

MyMate Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,362% | £150 to £1,000 | 6 months | - | ||

If you want this loan you'll need to pay an arrangement fee of £5.50. Other fees may be applied. | |||||

Representative Example: The Representative APR is 1362% so if you borrow £400 over 4 months at a rate of 292% p.a. (variable) you will repay £168.75 per month and £675 in total. Arrangement fee: £5.50, other fees may be applied. | |||||

CashCowNow Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,737% | £100 to £1,000 | 31 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% so if you borrow £100 over 31 days at a rate of 296% p.a. (fixed) you will repay £125. | |||||

Payday Pig Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,737% | £100 to £1,000 | 31 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% so if you borrow £100 over 31 days at a rate of 296% p.a. (fixed) you will repay £125 in total. | |||||

UK Payday Today Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,327.87% | £100 to £1,000 | 28 days | £129.95 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 2,327.87% so if you borrow £275 over 28 days at a rate of 359.4% p.a. (fixed) you will repay a total of £357.36. | |||||

Satsuma Loans Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

793.8% | £100 to £300 | 6 months | £140.01 over 13 weeks | ||

Satsuma Loans are a Short Term Loan Provider. | |||||

Representative Example: The Representative APR is 793.8% so if you borrow £260 over 6 months at a rate of 136.1% p.a. (fixed) you will repay £16.80 per week and £436.80 in total. | |||||

Wizzcash Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

993% | £200 to £300 | 3 months | - | ||

Representative Example: The Representative APR is 993% so if you borrow £200 over 90 days at a rate of 264% p.a. (fixed) you will repay £97.06 per month and £291.18 in total. | |||||

Tide u Over Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,734% | £100 to £500 | 39 days | £135 over 30 days | ||

Representative Example: The Representative APR is 1,734% so if you borrow £200 over 28 days at a rate of 326% p.a. (fixed) you will repay £261 in total. | |||||

100DayLoans UK Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

5,853% | £50 to £1,000 | 100 days | £129.50 over 30 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 5853% so if you borrow £150 over 18 days at a rate of from 365% p.a (fixed) you will repay £183.49 in total. There is a transmission fee of £5.50. | |||||

TideMeOver Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,734% | £80 to £500 | 30 days | £125 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 1,734% (variable) so if you borrow £200 over 28 days at a rate of 326% p.a. (variable) you will repay a total of £250. |

money.co.uk, Dot Zinc Limited, 160 Fleet Street,London. EC4A 2DQ. We are a Credit Broker for all consumer credit products listed on money.co.uk.

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

## 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.