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.

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

1,971% APR (variable) | £100 to £1,000 | 5 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 a rate of 348% p.a. (variable) you will repay 12 monthly payments of £105.65 and £1267.80 in total. | |||||

Satsuma Loans Short Term Loan | |||||

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

794% APR | £100 to £500 | 26 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 a rate of 136.1% p.a. (fixed) you will repay £16.80 per week and £436.80 in total. | |||||

QuickQuid Payday Loan | |||||

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

1,999% APR | £100 to £1,000 | 3 months | varies | ||

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 a rate of 347% p.a. (fixed) you will repay £258.90.Interest £58.90. | |||||

MrLender.com Short Term Loan | |||||

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

2,261% APR | £80 to £1,000 | 6 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 if you borrow £500 over 5months at a rate of 30% (fixed). You will repay in total £950. This includes a registration fee of £7 | |||||

Lending Stream Loan | |||||

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

1960.5% APR | £50 to £800 | 6 months | £200 over 6 months | ||

Representative Example: The Representative APR is 1960.5% APR so if you borrow £200 over 6 months at a rate of 314.7% p.a. (fixed) you will repay £400. | |||||

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

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

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

Representative Example: The Representative APR is 278% APR 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. | |||||

Peachy Loans Short Term Loan | |||||

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

1,183% APR | £50 to £500 | 5 months | £133 over 28 days | ||

Representative Example: The Representative APR is 1,183% APR so if you borrow £200 over 61 days at a rate of 365% p.a. (fixed) you will repay £302.16 in total. | |||||

QuickQuid FlexCredit | |||||

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

1,362% APR (variable) | £100 to £1,000 | 10 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 £1200 over 10 months at a rate of 300% p.a. you will repay £2,831.34. | |||||

Wonga Short Term Cash Loan | |||||

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

5,853% APR | £1 to £400 | 30 days | £137.15 over 30 days | ||

Representative Example: The Representative APR is 5,853% APR 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. | |||||

PiggyBank Payday Loan | |||||

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

1,355% APR | £50 to £400 | 35 days | £133.10 over 28 days | ||

Representative Example: The Representative APR is 1355% APR so if you borrow £250 for 30 days at a rate of 300% p.a (fixed)you will repay a total of £322.45. The total charge for credit is £69.45 and includes an administration fee of £9.95. | |||||

different money PaydayLoan | |||||

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

1,352% | £150 to £2,500 | 12 months | - | ||

Short term instalment loans and provider. No transfer fees and capped interest | |||||

Representative Example: The Representative APR is 1352% APR so if you borrow £400 over 4 months at a rate of 292% p.a. (variable) you will repay £164.07 per month and £656.28 in total. | |||||

Next Credit Payday Loan | |||||

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

1,556% APR | £100 to £400 | 28 days | £124 over 28 days | ||

Representative Example : The Representative APR is 1556% APR so if you borrow £100 over 28 days at rate of 313% p.a. (fixed) you will repay £6 per week and £124 in total. The total charge for credit is £24. | |||||

CashCowNow Payday Loan | |||||

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

1,737% APR | £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% APR 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% APR | £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% APR 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% APR | £100 to £1,000 | 18 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 a rate of 359.4% p.a. (fixed) you will repay a total of £357.36. | |||||

Tide u Over Payday Loan | |||||

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

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

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

MYJAR Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment 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 a rate of 406% p.a. (variable) you will repay £120 in total. | |||||

Savvy Loans Term Loan | |||||

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

161.32% APR | £400 to £1,000 | 12 years | - | ||

Representative Example: The Representative APR is 161.32% APR so if you borrow £1,000 over 12 months at rate of 100% p.a. fixed you will repay £135.00 per month and £1,620.00 in total. The total charge for credit is £620.00. | |||||

Wageme.com Payday Loan | |||||

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

1221.5% APR | £50 to £750 | 30 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 £100 over 30 days at a rate of 24% p.a. (fixed) you will repay £124. | |||||

KwikPayday Payday Loan | |||||

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

2,670% APR | £10 to £1,000 | 28 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 a rate of 378% p.a. (fixed) you will repay £258 in total. |

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.

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.

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.

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.

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.

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.

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.

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 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.