Payday Loans UK

Apply For Up to £5,000*

Representative Example:

  • Loan amount £400 for 90 days.
  • Payable in 3 monthly instalments of £187.31
  • Total amount repayable £561.92
  • Interest charged is £161.92,
  • interest rate 161.9% pa (variable).
  • Representative 305.9% APR.

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Representative Example:

  • Loan amount £400 for 90 days.
  • Payable in 3 monthly instalments of £187.31
  • Total amount repayable £561.92
  • Interest charged is £161.92,
  • interest rate 161.9% pa (variable).
  • Representative 305.9% APR.
Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

In June 2017 33,000 people searched the internet for the term “poor credit loans” in an attempt to look for a lender that will lend them money as they are low on money or have experienced an emergency and they know they have poor credit. Traditionally payday loans are paid back in full when you next get paid. However, other short-term options may help with your bad credit situation, such as short-term loans where the loan term is longer.

These are some of the very popular searches people search for online when applying for loans: very bad credit (590 searches), short term loans for bad credit (1.6k searches), payday loans no credit check (9.9k searches), payday loan bad credit (3.6k searches), easy to get loans (320 searches), payday instalment loans (170 searches), quick short term loans (210 searches)

When you apply for a payday loan, short term loan or really any form of borrowing the lender or credit provider will complete a search on your credit profile and anyone wanting to apply for a line of credit should be aware this will happen will be made aware at some point during the application. However your credit report is not the only factor lenders use when you apply for a loan, they use other details in your application such as your income and expenditure, whether you rent or own your home for example and they run these through what they call a scorecard.
The scorecard gives each piece of information a certain amount of points and if your application accrues more points than their cut off they will accept your application. All of this is done within seconds, and all you’ve had to do is complete a simple application form! So if you have a poor credit profile, this will bring your ‘score’ down and make it less likely the lenders will accept your application, it is one of the major factors that keep people from borrowing. Most lenders place a large emphasis on your credit score and don’t cater to people with low, bad and poor credit reports.

You can take steps to improve your credit score such as using a credit card with a high-interest rate designed for people with poor credit, but this can take time and isn’t helpful when you need an immediate cash injection. Because the journey to apply for a short term loan or a payday loan to cover you until payday is completely online, Monevo’s panel of lenders are active 24/7 meaning you can use the application form on this website 24/7 to apply for loan, even with poor credit and receive virtually an instant online decision, subject to the lenders requirements and approval. 99.9% of people that have used our application form and have been introduced to Monevo’s panel of lenders and brokers were accepted in June, this means 99.9% of the applicants have been redirected to a solution to help them with their financial needs, a high acceptance rate we’re sure you will agree!

Payday loans are something to get when you are low on cash, for a short duration. Because they are unsecured, they typically cost more but are great for people with credit histories that are poor. To apply for one, click the link to apply.

You can apply for a payday loan with a direct lender by searching on Google and completing one of their application forms. Alternatively, you can use our application form to apply for a loan with one of Monevo’s panel of lenders. By completing one form on PaydayLoansNow, application is sent to many lenders and brokers within Monevo’s global lending platform which will try and match your application with a solution to your finance needs.

There are alternatives to short-term and instalment loans. There are logbook loans, personal loans, secured loans and re-mortgaging if you own a property.

Logbook Loans are loans that are secured on your vehicle and loans are available between £500 and £50,000 depending on how much your car is worth, although some firms will only lend you up to half of the value of your car. When a logbook loan is taken out the owner is asked to hand over the vehicles logbook and registrations documents, this means the loan company then owns the vehicle until the loan is paid back.

Secured loans are often used to borrow larger sums of money, usually £3000 plus. They are called ‘secured’ loans as they refer to the fact that a lender will require something as security in case you cannot pay the loan back, which is usually your home. These types of loans are less risky for lenders as because if you do not meet the repayments the lender can repossess your home.

Of course, there are no such thing as guaranteed loans. For instance, if you are not employed, it is highly unlikely that anyone would give you a loan. There are circumstances that warrant not issuing a loan to some people such as having bad credit. There are no ‘bad credit loans’ per se, however there are lending options if you have bad credit, such as guarantor loans, Monevo,’s lender panel contain some guarantor lenders such as Amigo.

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