Compare Payday Loans

When you need to borrow up to £2,500 for a short period of time, say, until next pay day, you have a limited number of choices. Borrow from the bank, your mates or get a payday loan. We've set this site up to help you compare payday loans, as we can't hope to know what your mates will make you repay!


There's been lots of bad press about payday loans in the past year, but thankfully tighter regulation and new rules on charges and interest rates have helped to bring some kind of respectability to this highly specialised market place.

A Quick Overview of a Payday Loan

Once you have compared the different companies and chosen one, then you need to complete their online application form. After about 4 or 5 minutes this is submitted and in most cases you will get an instant answer. If you're successful*, the money gets transferred in to your bank account and you get emailed all the terms and conditions of the loan, including when it needs to be repaid by. Loans can typically last anything from 3 days to more typically 14 days, but you are allowed longer repayment periods.

Repaying your loan is simple as many of the lenders use what's called a 'Continuous Payment Authority'. This means that on the repayment dates you have chosen or agreed to, the lender collects the repayments from your debit card automatically.

We act as an affiliate for the companies we feature. We allow you to click through to their website where you can find out more about their charges, details and whether you want to borrow from them. At no time do we save or have access to any of your details.

* If you're a new customer, some companies limit the amount you can borrow on the first lend to £500.

We can deposit up to £1,000 into your bank account today!*

Key Payday Loan Lenders

Sunny Loans

More Info

Representative APR

1295%

Loan Amount

£100 - £2500

Repayment for £100

£198.64 over 6 months

Loan Terms

6 to 14 Months


Representative Example: Loan amount £400.00 repayable over 6 months. Total amount repayable £752.24 in 6 payments of £125.38. Interest 292% p.a. fixed. Representative 1,295% APR

peachy loans logo

Peachy Loans

More Info

Representative APR

1255.6%

Loan Amount

£50 - £700

Repayment for £100

£122.80 (31 days)

Loan Terms

Max 12 Months


Representative Example: Representative APR is 1255.66% APR. Borrow £250.00 for 91 days. Repay in 3 payments. Each payment: £126.48. Total repayment: £379.44. Interest: £129.44. Interest p.a: 292.25% (fixed).

lending stream logo

Lending Stream

More Info

Representative APR

1272%

Loan Amount

£50 - £800

Repayment for £100

£124.80 (31 days)

Loan Terms

1 - 6 Months


Representative Example: Annual Interest Rate: 292.0%(Fixed) Total amount of credit: £200.00 Representative APR: 1272.0% Duration of agreement: 6 months Total amount payable: £391.68 Total charge of credit: £191.68

paydayuk logo

PaydayUK

More Info

Representative APR

1,192%

Loan Amount

£100 - £650

Repayment for £100

£124.80 (31 days)

Loan Terms

1 to 5 Months


Representative Example: £320 borrowed over 2 instalments at an annual interest rate of 245.5% (fixed). Total repayable is £470.56 comprising of 2 equal payments of £235.28. 1192% APR representative.

 


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John

John needed to borrow £180 until he next got paid in order to get a new boiler. He applied online through ComparePaydayLoans.co.uk and got his money within the hour. John repaid this loan when he got paid 28 days later at a total cost of £225 - a £45 premium on the money borrowed.

Mary

Needing money fast to help out her son in law, Mary chose to bypass friends and the bank for an overdraft for a quick loan of £300 for 2 weeks. She managed to save £20 in interest by using ComparePaydayLoans.co.uk paying back a little over £351.

Andrew

Some months are hard as mutliple bills all stack up for house insurance, food and phone. Andrew works as a freelance copywriter and just needed a little extra as some invoices were not paid on time. He borrowed £140 for 2 weeks whilst he waited to be paid and then paid back £175

Stephen

A car emergency meant Andrew needed £250 to keep his car on the road. Borrowed for 14 days, Andrew paid back £291.27 as soon as he received his pay cheque. In this time he couldn't arrange an overdraft and didn't want to go to his friends.
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