Want to find the best short term loans available in the UK? We help you to find a cheap short term loan that you can quickly repay without being penalised even if you have bad credit history.
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.
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.
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sunny.co.uk Short Term Loan
Representative APR
1,295% APR
Loan Amount
£100 to £2,500
Maximum Term
14 months
Repayment for £100
£124 over 30 days
No early or late repayment fees and no admin fees. Fast, flexible loans from £100 up to £2,500.
Representative example: The Representative APR is 1,295% so if you borrow £400 over 6 months at 292% p.a. (fixed) you will repay 6 monthly instalments of £125.38 and £752.24 in total.
Lending Stream Loan
Representative APR
1272.0% APR
Loan Amount
£50 to £800
Maximum Term
6 months
Repayment for £100
£124 over 30 days
New low interest rate of 0.8% per day with no hidden fees. Borrow up to £1,500 and pay back over 1  6 months.
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
1,212% APR
Loan Amount
£50 to £1,000
Maximum Term
3 months
Repayment for £100
£124 over 30 days
Representative Example:
The Representative APR is 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
Satsuma Loans Short Term Loan
Representative APR
603% APR
Loan Amount
£100 to £1,000
Maximum Term
52 weeks
Repayment for £100
£140.01 over 13 weeks
There are absolutely no extra fees or charges whatsoever. 97% of existing customers would use again.
Representative Example: The Representative APR is 603% APR so if you borrow £400 over 6 months at 140% p.a. (fixed) you will make 6 monthly payments of £113.33. You will pay £279.98 in interest and £679.98 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.
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.
different money Short Term Loan
Representative APR
1,072% APR
Loan Amount
£150 to £2,500
Maximum Term
12 months
Repayment for £100

Different Money is a Short term instalment loans provider. No transfer fees and capped interest. 86.4% of customers give a 5 star rating on trustpilot
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.
MrLender.com Short Term Loan
Representative APR
1,269.6% APR
Loan Amount
£100 to £500
Maximum Term
6 months
Repayment for £100
£122.40 over 28 days
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.
PaydayUK Loan
Representative APR
1,192% APR
Loan Amount
£100 to £650
Maximum Term
5 months
Repayment for £100
£122.40 over 28 days
Representative Example:
The Representative APR is 1192% APR so if you borrow £320 over 2 instalments at 245.5% (fixed) you will repay £150.56 in interest and £470.56 in total.
PiggyBank Payday Loan
Representative APR
1,297% APR
Loan Amount
£100 to £750
Maximum Term
5 months
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1297% APR so if you borrow £250 for 30 days at 292% p.a (fixed) you will pay £60 in interest and £310 in total.
Wonga Short Term Cash Loan
Representative APR
1,509% APR
Loan Amount
£50 to £400
Maximum Term
30 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.
SafetyNet Credit Short Term Loan
Representative APR
68.7% APR
Loan Amount
£50 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.
MoneyBoat Instalment Loan
Representative APR
264.2% APR
Loan Amount
£200 to £800
Maximum Term
6 months
Repayment for £100

Representative Example: The Representative APR is 264.2% so if you borrow £400 over 108 days at rate of 255.5% p.a. (fixed) you will repay £146.59 per month for 4 months. Total repayable is £586.35. The total charge for credit is £186.35.
Quidie 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.
Payday Pig Payday Loan
Representative APR
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£124.80 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 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
CashCowNow Payday Loan
Representative APR
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£124.80 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 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will pay £56 in interest and repay £256 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 £1,000
Maximum Term
12 months
Repayment for £100

Applicants must be in regular employment as monthly repayments will be collected via Payroll.
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.
MYJAR Instalment Loan
Representative APR
1,272% APR
Loan Amount
£100 to £300
Maximum Term
3 months
Repayment for £100
£122.40 over 28 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 £300 over 90 days at 292% p.a. (variable) you will pay £154.26 in interest and repay £454.23 in total.
Wizzcash Short Term Loan
Representative APR
993% APR
Loan Amount
£200 to £300
Maximum Term
12 months
Repayment for £100

Wizzcash also offers 12 month loans.
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.
money.co.uk, Dot Zinc Limited, 160 Fleet Street, London. EC4A 2DQ. We are a Credit Broker for all consumer credit products promoted 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.
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 nonpayment
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 nonpayment, 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 nonpayment 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 nonpayment on your credit score
Nonpayment will also be recorded on your credit file. Repeated nonpayment 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 Cheap Short Term Loans Online
by BillJ
We help you compare short term loan lenders so you can find the best lender and lowest rate loan for your circumstances  whatever they are.
When it comes to short term loans UK residents are spoilt for choice by the number of lenders around.
Short term loans can last for any length of time  from one month to a year  not just spread over the one or two month period typical of payday loans.
This means you should be able to find a loan term that suits your timeframe.
However, this doesn't mean that short term cash loans are always the best option for you. Even short term loans that aren't in the 'payday' bracket can be an expensive way to borrow if you're not careful.
If you decide to take out a short term loan, keep a clear idea in mind of what you need it for, the minimum amount you'd need, and your minimum timeframe:
How to find the best instant short term loans
Many people take out short term loans to cover a oneoff bill or unforeseen expense. If that's the case for you, only look at loans for that amount and don't be tempted to go higher.
Then, compare the minimum and maximum limits for each provider and exclude those that don't fit.
You should also check the representative APR declared by each company. Remember that this is an indication of the amount you'd pay if you borrowed a certain amount; it's not the rate you're guaranteed to get.
Many lenders use 'risk based pricing' which means the rate you'll pay will ultimately depend on your credit history.
If you have a poor credit history, bear in mind you may be offered a higher APR to reflect that risk.
Many providers will still advance you a short term loan, but you may be more likely to be accepted if you search for companies that declare short term loans for bad credit.
Next, consider how long you need the loan for. Remember: the longer your loan, the more you're likely to pay in interest so take the shortest term possible in which you'll realistically be able to repay your borrowing.
Most lenders require you to have a bank account so that for short term loans easy repayment is possible by direct debit  this means you effectively make repayments automatically each month, all you need to do is make sure you have the funds available to cover it.
If you need the loan immediately, look for short term loans paid into your bank today to make sure you'll get it quickly enough  do bear in mind that this option isn't available with all lenders and on all loans. It's possible you may also have to pay an extra fee for a same day loan.
Terms and conditions
Always check each loan's conditions and make sure you're happy with them as well as how your loan can be managed before you apply. For instance, whether early repayment is possible and if there is a charge for this.
Many lenders also require you to have a fixed income, and while short term loans for people on benefits are available from some, there are likely to be conditions attached and/or state you need to be a homeowner.
Some lenders do offer short term loans for students but if you're considering taking one out you should consider how you will repay, if you really need the money and whether there's a cheaper form of borrowing available to you.
Once you've prioritised what features you need for your loan, compare your options on our short term loans comparison table to find the cheapest lender that can give you the loan and the service that you require.
When it comes to short term loans UK residents are spoilt for choice by the number of lenders around.
Short term loans can last for any length of time  from one month to a year  not just spread over the one or two month period typical of payday loans.
This means you should be able to find a loan term that suits your timeframe.
However, this doesn't mean that short term cash loans are always the best option for you. Even short term loans that aren't in the 'payday' bracket can be an expensive way to borrow if you're not careful.
If you decide to take out a short term loan, keep a clear idea in mind of what you need it for, the minimum amount you'd need, and your minimum timeframe:
How to find the best instant short term loans
Many people take out short term loans to cover a oneoff bill or unforeseen expense. If that's the case for you, only look at loans for that amount and don't be tempted to go higher.
Then, compare the minimum and maximum limits for each provider and exclude those that don't fit.
You should also check the representative APR declared by each company. Remember that this is an indication of the amount you'd pay if you borrowed a certain amount; it's not the rate you're guaranteed to get.
Many lenders use 'risk based pricing' which means the rate you'll pay will ultimately depend on your credit history.
If you have a poor credit history, bear in mind you may be offered a higher APR to reflect that risk.
Many providers will still advance you a short term loan, but you may be more likely to be accepted if you search for companies that declare short term loans for bad credit.
Next, consider how long you need the loan for. Remember: the longer your loan, the more you're likely to pay in interest so take the shortest term possible in which you'll realistically be able to repay your borrowing.
Most lenders require you to have a bank account so that for short term loans easy repayment is possible by direct debit  this means you effectively make repayments automatically each month, all you need to do is make sure you have the funds available to cover it.
If you need the loan immediately, look for short term loans paid into your bank today to make sure you'll get it quickly enough  do bear in mind that this option isn't available with all lenders and on all loans. It's possible you may also have to pay an extra fee for a same day loan.
Terms and conditions
Always check each loan's conditions and make sure you're happy with them as well as how your loan can be managed before you apply. For instance, whether early repayment is possible and if there is a charge for this.
Many lenders also require you to have a fixed income, and while short term loans for people on benefits are available from some, there are likely to be conditions attached and/or state you need to be a homeowner.
Some lenders do offer short term loans for students but if you're considering taking one out you should consider how you will repay, if you really need the money and whether there's a cheaper form of borrowing available to you.
Once you've prioritised what features you need for your loan, compare your options on our short term loans comparison table to find the cheapest lender that can give you the loan and the service that you require.