How does a payday loan work?

With a payday loan you can borrow between £80 and £750. Simply complete our simple online application form and we will then search 100s of loan providers for you. First time applicants may not qualify for £750 but may be able to borrow up to £250.

How long does it take to get a quick payday loans?

Within seconds you will be notified if your application has been accepted by one of our lenders. You will then be asked if you agree to the lenders’ terms and conditions. Once you have agreed to the lenders' terms and conditions the money will be transferred to your bank account within 48 hours - often it is paid within the hour.
If you apply on any working day before 13:00 the money could be with you on the same day.

Can I apply for more than one payday loan?

We would not recommend this as you should never borrow more than you can comfortably repay. Most lenders will not approve another outstanding loan, but they may increase your limit after successful repayment of your first loan.

How do I repay my payday loan?

Loans are usually repaid after 28 days, or on the date agreed with the lender. You arrange repayment of your loan when you apply – in most cases the full cost of the loan is debited from your bank account.

What if I need a payday loan for a slightly longer period?

A payday loan is a short term financial solution designed to cover unexpected expenses. If a payday loan is repaid within 28 days, or on the date of your next payday, you will find that payday loans can offer good value.

However, if you defer payment the loan will increase by a much bigger amount. You should only borrow what you can afford to repay and we do not recommend rolling over any loan.

Can a payday loan help my credit history?

Yes it can – most of our lenders will access your credit file and if approved this will go on your credit file. Repaying any loan on time and in full will always be good for your credit history. However, not making any credit repayments on time or in full will usually be recorded on your credit file.

What is the interest rate?

The Representative APR for our lenders' Payday Loans is 1737% (variable). As an example, a loan of £300 taken for 28 days would require payment of £375, the interest would be £75 for a loan with an interest rate 1737%. Find out more about our lenders' charges.