Payday Loans

Need a helping hand until payday? Loans from £100 - £2,000 approved in minutes and paid out in the same day

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Wonga Short Term Loans

Loan Amount

£50 - £400

Loan Term

Up to 35 days

Representative APR


Representative example: Amount of credit £200 borrowed for 14 days. Interest: £22.40 Interest rate: 292% per annum (fixed). Representative APR: 1,509% Total amount payable: £222.40

If you don't repay on time there will be extra costs: Missed payment fee £15.00. Late interest 0.8% per day. Interest will continue to be charged up to a maximum of 30 days from your repayment date.


Wonga 3 Month Flexi Loans

Loan Amount

£150 - £500

Loan Term

3 months

Representative APR


Representative example: Amount of credit £400 borrowed for 3 months. Interest: £201.13 Interest rate: 292% per annum (fixed). Representative APR: 1,286% Total amount payable: £601.13

If you don't repay on time there will be extra costs: Missed payment fee £15.00. Late interest 0.8% per day. Interest will continue to be charged but you'll never have to pay back more than twice what you borrowed.


Wonga 6 Month Flexi Loans

Loan Amount

£200 - £600

Loan Term

6 months

Representative APR


Representative example: Amount of credit £600 borrowed for 6 months. Interest: £538.29 Interest rate: 274% per annum (fixed). Representative APR: 1,086% Total amount payable: £1138.29

If you don't repay on time there will be extra costs: Missed payment fee £15.00. Late interest 0.75% per day. Interest will continue to be charged but you'll never have to pay back more than twice what you borrowed.


iCash Advance

Loan Amount

£250 to £5,000

Loan Term

3 months to 5 years

Representative APR


Personal loans from £250 - £5,000 between 3 and 60 months. Our comparison rates, which include possible lender fees, have a maximum rate of 99%. All associated fees and rates are based on your personal financial circumstances.

Representative example: Amount of credit £1,800 for 24 months. Interest rate: 71.3% pa (fixed). 24 scheduled monthly payments of £142.65. Total amount payable: £3,423.67. Representative 99.9% APR. Rates from 35.9% APR - 99.9% APR fixed.


Accept Loans

Loan Amount

Up to £5,000

Loan Term

Up to 36 months

Representative APR


Representative example: Amount of credit £500 borrowed for 180 days. Interest: £160.27 Interest rate: 65% per annum (fixed). Representative APR: 91% Total amount payable: £660.27

Period of loan: 3 – 36 months. APR rates from 35.9% to 1294% - your APR will be based on your personal circumstances; we search an extensive panel of Lenders to find you the best APR.

Best Loans

Loan Amount

Up to £1,500

Loan Term

Up to 18 months

Representative APR


Representative example: Amount of credit: £300 for 91 days. Three payments of £152.63, Total Repayable: £455.35, Interest: £155.35. Interest rate: 292% pa (variable)

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Your In-Depth Guide To Payday Loans

A payday loan is a short-term loan that provides the borrower with a relatively small amount of cash (typically just £50 to £800) that must be repaid within a fairly nominal amount of time – usually within just one to two months. Payday loan companies can help you get money for unexpected, one-off expenses, but these loans can be a very costly funding solution. If you’re thinking about securing a payday loan, you should consider the following things.

How A Payday Loan Works

Payday loan lenders market themselves as being able to help consumers quickly and easily obtain the funds they need and as even being willing to consider the applications of those with less than stellar credit histories.

Getting Payday Loan Monies

The loan monies from payday loans are typically remitted directly to borrowers’ banking accounts, and usually within minutes of applications having been approved.

Paying Back Payday Loans

You will usually be given one full month to restore the borrowed monies along with any fees and interest. There are some payday loan lenders that will allow you to choose the length of your repayment period. The repayment monies along with the related interest will then be debited directly out of your banking account on the agreed upon repayment date.

Some payday lenders, however, will ask borrowers to establish what is known as a recurring payment or a “continuous payment authority”. With this, lenders can make repeated attempts to take all or a portion of the funds that are owed if there is not sufficient funds for a full repayment of the loan on its due date. This can result in bank penalty charges along with late payment fees and additional interest that must be paid to the lender.

What Payday Loans Ultimately Cost

For every £100 that a person borrows, most payday lenders will charge £25 in interest, so long as the borrowed funds are repaid within just 28 days. This amounts to an APR of 1,737 percent (which reflects the amount of interest that would be paid over the course of a year and which might include additional charges). Comparatively, the typical credit card would charge just £1.50 and at an APR of just 18 percent.

If you are unable to pay a payday loan back on time, the interest and fees can mount quickly. You may be responsible for paying a late fee ranging between £12 and £25 along with interest monies.

An Example Of When A Payday Loan Might Be Used

In certain, extreme cases when you need cash right away, for instance, to pay an urgent repair bill for your vehicle, a payday loan could prove significantly cheaper than having an unauthorised overdraft with your bank. This, however, is only true if you are able to pay your payday loan back on time.

When A Payday Loan Should Not Be Used

Payday loan lenders advertise their products as being able to solve just about any cash flow issue that arises. Some of these companies suggest using payday loans for:

  • Having a night out on the town
  • Purchasing sports or concert tickets
  • Buying new clothes
  • Getting yourself a treat or paying for a weekend getaway

The reality, however, is that you’re paying a veritable fortune to spend money on something that you really cannot afford.

A lot of payday loan lenders state that they will not perform a credit check, but this is something that the law requires them to do and they’ll also want to make sure that you’re capable of paying them back on time and in full. If you’re uncertain at all, do not disclose the details of your card to a prospective lender as this information might be misused.

If you’re currently struggling with existing debt or if you’re having a hard time managing your monthly expenses, getting confidential, free and expert advice will help you get your financial situation in order. A debt advice charity that’s entirely free to use can negotiate with creditors on your behalf so that you get additional time to repay your debts without having to borrow more money.

Payday Loan Alternatives

If you’re seriously in need of cash right now, take a minute to determine whether or not these alternative forms of funding will be less expensive.

Getting loans from a credit union can be a far more cost-effective option. They have a cap on their interest charges that stops at just 2 percent a month or 26.8 percent annually APR and these loans do not entail any hidden fees or prepayment penalties.

Getting A Credit union Loan

It might be possible to have your bank issue an authorised overdraft.

Understanding Overdrafts

It could be possible to have your credit card limit increased. Before spending money, however, take a minute to talk with your credit card company and to ensure that you’re able to manage the resulting increase in your credit card payments.

If You Plan On Getting A Payday Loan…

It’s only a good idea to get a payday loan when you’re absolutely certain that you’ll be able to repay the loan according to schedule. Take a look around and make loan comparisons because interests rates can be quite different from one lender to the next. Be leery of special offers like loan deferrals and extensions and only use payday loan funding for short-term emergencies – do not be tempted to take out an additional payday loan to pay for the first one or to have your loan roll over to the next month.

A few things to know before sharing your card details…

Recurring payments are quite common among payday loan lenders. Be sure to find out just how these payments work before sharing your debit card info.

Establishing continuous payment authority (CPA) or recurring payments means that if you have insufficient funds in your account on the due date of your loan, your payday loan lender will be authorised to continue attempting to take the money, which can result in considerable bank fees.

If a payday lender has set up a CPA already and you need to stop it, simply contact your bank – just give your banking institution at least one day’s notice – and then ask your bank to cancel this recurring payment. This should be sufficient for bringing the arrangement to an end. If any payments should happen to go through after the CPA has been cancelled, you can have your money immediately refunded by the bank.

Are there any regulations for payday loans?

All lenders, including pawnbrokers, banks and payday loan lenders must have licences from the Financial Conduct Authority. As such, they’re required to operate within specific rules.

If the lender happens to belong to the Consumer Finance Association or the British Cheque and Credit Association, you can complain to them during the first instance of a problem. If the lender does not belong to either of these organisations and you want expand upon your complaint, you can submit your concern to the Financial Ombudsman Service.

While payday loans are designed to be short-term funding solutions, you are given a 14-day period for cooling off. If you should have a change of heart, you’ll need to restore the loan plus the additional interest monies (you will have 30 days to take care of this), so you have to be absolutely certain that you want to get one of these loans.

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