Payday Loans

Below are listed the most reputable Payday loan lenders compared for your convenience. Today more and more people are turning to payday loans for help with short term financial emergencies or other difficulties. From anything such as unexpected bills to pay, car repairs, medical costs etc.

Whilst comparing Payday loan options you may notice interest rates into the thousands - which may send you running for the hills! But there is no need to be quite so hasty since these loans are typically paid back over a short period of time, the benefits of the fast access to credit far outweight the fees incurred. Payday loan conditions are also less stringent, so even if you have less than desirable credit you should be successful in application. Upon applying for a payday loan, you will be required to either supply the lender with a cheque dated for the date that your salary is paid into your bank account, or provide the lender with your bank details so as to enable the funds to be transferred from your bank on the day your salary is paid in to you.

COMPANYAPR REPRESENTATIVELOAN AMOUNTREPAYABLE £100TERMSID REQUIREDAPPLY
1909.1%£80-£750£12525% charge with 30 day repaymentBank and debit card details
Payday UK offer payday loans for up to 30 days which should be repaid in one single payment on your payday. Payday UK do not charge any administration fees if you decide to take a loan out with them, they do however, charge you £25 per every £100 borrowed. Advantages

Advantages

1. Quick and easy to apply online.
2. Money can be deposit straight into your bank account.
3. They have a good acceptance rate.


Disadvantages

Disadvantages

1. They will charge you the sum of £10 per letter for the second, third, fourth and fifth letter that they send to you in respect of the collection of any outstanding sums on your account

Representative example: Total Amount of Credit: £720; Representative APR: £275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount repayable by one repayment is £357.36. 1909.1% APR Representative.
2477%£1-£500125%Applicants must be 18 (or over) years of age, employed and reside in the United Kingdom.Bank and debit card details
Poundaccess.co.uk provides customers with fast cash sent within the hour. We believe in full transparency of our charges and fees, and customer service always comes first. Advantages

Advantages

1. Instant Decision.
2. No credit checks.
3. Payday broker - so will approach several lenders.


Disadvantages

Disadvantages

1. Not suitable for those with adverse credit history

Representative example: Amount of credit £200 for 28 days. Total amount payable £261.61. Interest £56.61 Interest rate 360% pa (fixed). Representative APR 2477%.
4212%£100-£800131.2%If the Faster Payment Service is chosen then funds are transferred within 15 minutes after approval (there will be a charge of £ 5.50 for this service). If the application is received after 14:30, the earliest the money can be transferred is the next banking day. Funds transferred using the Faster Payment Service should clear within a couple of hours.Personal, address, employment and banking details required
A specialist in short term loans, Cash Bob is a lender, NOT a broker! With a quick response and 15-minute payment you can have access to money very quickly. You can borrow between £100 and £800, we only lend in multiples of £100 and the amount we lend you will depend on your circumstances. First time lending is limited to £200. Advantages

Advantages

1. Only a few minutes are required for you to complete an for them to consider your application
2. 15-minute payment
3. People's circumstances are forever changing and they realise that. If your problems still persist, you will just need to inform them and you will work together to find the best solution available


Disadvantages

Disadvantages

1. First time borrowing amount is limited to £200
2. You must be over 21
3. You must have a full time job
4. You must earn more than £750 per month (after tax)

Representative example: Amount of credit £200 for 28 days. Total amount payable £261.61. Interest £56.61 Interest rate 360% pa (fixed). Representative APR 2477%.
1737%£100-£1000£125Aged 18 or older in employment or self-employment. Payday Loans to be paid back on next pay daySome lenders will not ask for identification but you will need to provide bank account details
Today Loan offer customers throughout the UK an unrivalled chance of being approved a Payday Loan by comparing the Payday Loan market for you - so you do not have to. By working directly with UK Payday Loan Lenders we can have a decision to you instantly and the opportunity to have the money deposited into your bank account the same day you apply. Today Loan make the whole process of applying for a Payday Loan simple. A 2 minute application form - instant search of lenders - quick access to your money. Advantages

Advantages

1. Quick and simple to apply online.
2. Same day access to your money.
3. High acceptance rate.


Disadvantages

Disadvantages

None of particular note.

1355%£80-£750125%Name, current address, 2 contact phone numbers, email address, work and income details, bank account detailsGenerally not required – Payday Bank offer instant online approval
Payday Bank provides access to many payday loans - no credit check needed. Borrow any amount between £80 and £750 payable within 31 days - though it is possible to roll the loan over 2 times - ie 3 months total. A simple debit card transaction is used for repayment. Advantages

Advantages

1. Possible to roll the loan over 2 times - ie 3 months total
Same day deposit.


Disadvantages

Disadvantages

1. High APR.

Representative example: Total Amount of Credit: £160; Representative APR: 1286%; Duration of Agreement: 31 days; Total Charge of Credit: £25; Total Amount Payable: £185;
2689%£1-£400From 105% to 129% dependant on termApplicants for loans will only be approved if they are UK residents and over 18 years of age. Credit score and credit history will be taken into account. None - just bank account and debit card required.
Wonga.com is the unique ‘same day cash’ lender – you only pay the interest for the length of time you borrow from us. Traditional ‘PayDay lenders’ sting you with interest for a full 30 days, no matter how long you actually need the money for. If you pay back early, they still charge you the full amount. With Wonga.com, if you pay back early, YOU PAY BACK LESS. You pay the interest to that day ONLY. We are also the FASTEST lender; if accepted, you'll get the money in your bank account within 15 MINUTES, GUARANTEED. So if you want a loan to suit your needs, rather than the lenders’, come to Wonga.com – little loans. lots of control. Advantages

Advantages

1. Very user-friendly calculator / sliding scale on homepage to view your possible loan, term and interest.
2. Choose your repayment by the day - the shorter the loan the less you pay


Disadvantages

Disadvantages

1. APR is high - though loan is only 31 days maximum.

Representative example: based on total loan of £207 for 20 days. Total amount payable on your next pay day would be £254.42. Interest £41.92. Interest rate 360% per annum fixed. Transmission fee £5.50
1400%£80-£750125%Applicants must be 18 (or over) years of age, employed and reside in the United Kingdom.No - may help to find a lender if you provide National Insurance number.
With Payday Finder, you can borrow between £80 and £750 immediately abnd you will know right away the status of your payday loan advance as ypu get an instant decision on application. There are no credit checks, and you can get your money as quickly as the same day. Advantages

Advantages

1. Instant Decision.
2. No credit checks.
3. Payday broker - so will approach several lenders.


Disadvantages

Disadvantages

1. Interest and APR rate not stated - dependant on lender.