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
£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 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
1,212% 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 1,272% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 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
1,072% 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 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.
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
Mr Lender are offering a new lower interest rate (0.8% per day), with no added fees. Borrow up to £1,000 & pay back over 1-6 months.
Representative Example: The Representative APR is 1,216.7% 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.
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
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£124 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 £156 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 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.
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% 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
1,272% 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 1,272% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
QuickQuid Payday Loan (1 Pay Period)
Representative APR
1,272% 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 1,272% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 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 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.

Raining Money

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 one-off 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.