How does a payday loan work?

With a payday loan you can borrow between £80 and £250, which you then repay once you've been paid. Simply complete our simple online application form and we will then send it to our loan providers for you. We offer applications for up to £250 as this is a smaller amount for new applicants, and they are more likely to be approved for it as well as be able to repay it without difficulty.

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

Within minutes, you will be notified if your application has been accepted by one of our lenders. If it has, 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 usually be transferred to your bank account within 24 hours - often it is paid within the hour, although depending on the lender, it can take up to 48 hours.

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 and 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 much better value than by rolling it over, as this can get very expensive.

You should only borrow what you can afford to repay and we do not recommend rolling over any loan.

What is continuous payment authority?

Some lenders use CPA (continuous payment authority) to retrieve payment. This means that you authorise the lender to withdraw the funds from your bank account. They can also make multiple attempts to withdraw the money if it is not available. If you want to cancel your CPA, you can do this by contacting the lender or by contacting your bank and requesting a cancellation.

What is the interest rate?

The Representative APR for our lenders' Payday Loans is 2670%. As an example, a loan of £200 taken for 28 days would require a single total payment of around £258 in most cases. The interest payable would be about £58 over the 28 days, leading to an interest rate per annum of 378% (fixed). Please see our representative example for more information, and find out more about our lenders' charges.