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

» Compare Payday Loans

Get a payday loan now by clicking the “apply” button above. What are payday loans? They are small loans offered without security, which are typically paid back from your employment cheques. If you are employed and are in need of emergency funds to resolve unexpected bills, apply for a loan today.

If you are on a tight budget, out of cash and the end of the month bills are looming, consider getting a loan from us. We are direct lenders and can get you the best deal with the lowest interest of any other lenders.

Payday loan interest rates

Although many payday lenders’ websites come equipped with a sliding tool showing the total amount you’ll repay (if you make your repayments in full and on time), to compare loans against each other you need to check the APR (annual percentage rate).

Comparison of Lenders

Be wary of any lender who doesn’t allow you to choose exactly how much you want to borrow. You’ll be charged more interest if you borrow more than you need. Be confident to price match and review all lenders to get the best value. Many payday lenders in this comparison and reviews allow you to borrow in increments of £1.

How does Payday Loans Now compare to other lenders?

As you can see in the table below, we have the lowest APR of all direct lenders when you compare payday lenders:


Cheapest Payday Loans Loan APR Lender
Payday Loans Now 728.9% APR Not a Direct Lender
Wizzcash 1265% APR Direct Lender
QuickQuid 1294.1% APR Direct Lender
My Jar 1270% APR Direct Lender
Sunny Loans 1299% APR Direct Lender
Wonga 1509% APR Direct Lender

Consider the following things when trying to compare prices and decide which loan is the least expensive. An inexpensive lender will charge a lower fee and have a lower interest rate. As you can see from the chart above, we have a much lower fee than the leading direct lender companies (in the case of Wonga nearly half the cost).

Best Payday Loans Comparison

Another aspect of the equation is the convenience and cost of borrowing. Consider that going to the physical location of a brick and mortar money shop, you will, in fact, be spending an amount of time in doing so, and as we all know, time is money. Travel typically isn’t free, when having to drive there will be an expense in regards to gas and vehicle maintenance. All these factors add up to being a more expensive loan than what you would consider just the factors of fees and APR interest.

Compare Payday Loans

Compare all these things when pricing the most inexpensive lending available. The convenience of applying online will greatly reduce the cost of your loan in time and travel expense. Furthermore, the money is issued directly to your bank account, so you do not need even to leave the house. Payday loans are extremely convenient to borrow money as long as you can pay it back in a timely manner.

It’s a well-known fact the products of payday companies come at a very steep price tag. These include small, high-rate, short-term and cheap personal lending. Some people say these financial products bleed workers dry by charging them with exorbitant fees every time they borrow money, but in our honest opinion, they have helped a lot of people in tight situations. This can be solved with a payday loans.

It may seem unlikely for cheap funds to exist, but they do. Not all lenders charge impossible fees. In the UK, as well as in the United States, borrowers are offered some protection by having lenders disclose the true cost of each loan. Lenders must inform the borrower of the finance charge and the annual percentage rate or APR before they finalise their application. This way, the person borrowing money is well-informed of how much he or she is going to pay all in all.

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Breaking Down The Fees

To explain further, the APR is dependent on several factors: the amount borrowed, the interest rate or credit costs, including term. Now, most APRs run up to a thousand percent on short-term loans.

For example, a person takes out £100 for a two-week term. He writes a check for £115, which includes £15 as the cost of borrowing money. The check is held by the lender for 15 days, until the next employment cheque. After which, the lender can deposit the check and get his £115 in cash. Repayment is easy. However, it can’t pay the money after two weeks, and you ask to roll it over, you will be charged with another £15 for the extension. Roll it over three times, and you will have paid £60 for the £100 you originally borrowed. This interest is just to extend it and does not include late fees or penalties.

If you were to borrow from a credit card company or a regular bank, the fees would be much less. That is of course if having the documents and a good rating. Those who don’t, seek comfort in the fact that companies that are willing to let them borrow cash without extensive interviews and paperwork. In turn, they’re only too happy to fork over fees for a short-term loan.

The situation is not as bad as some people paint it to be. In the UK, we have deals with an APR of only 728 percent. This was a lot more reasonable than other online sites offering the same service. Take a look at the table below. You’ll see that we’re the only site that offers triple-digit APRs, the others run as high as 1295 percent.

Get Affordable Rates

If you don’t want to pay too much on interest rates, look for a credit offer with the lowest cost as you compare payday loans. We offer the lowest representative APR including fair and variable interest rates. You can look around and compare and finance charges from other companies offering them. Be sure to look at the fees, interest, and other credit costs which they may be applying. We can give you affordable rates on instant loans.

We won’t try and fool you by luring you in on a low-interest rate only for it to change it later. We also give borrowers an option to pay off early and save on interest fees and charges. Aside from being the cheapest, we pride ourselves that offer flexibility to the borrower.

If a payday loan is too expensive, consider logbook loans. They are less expensive to pay off because they offer something in the form of collateral. If you have a vehicle, for instance, you use this to get a logbook loan where you are issued ticket stubs to pay back the loan over a specified period.

What is the Cheapest Short Term Loan?

For a £400 lend for 30 days, the total amount repayable is £459.36 on short term loans from us as a representative example. This is a relatively cheap interest rate of 180.5% p.a. (variable), or a representative 728.9% APR. Our brokers and agents can arrange for you to borrow as much as £5000 in just a short period of time, with a guaranteed loan.