Designed to help tide you over until the next time you get paid, payday loans are a quick way to get your hands on some emergency cash. A loan of this kind is also known as a payday advance and it’s a short term way of borrowing money.
Whatever your credit history reveals, our panel of lenders will consider agreeing your payday loan so that you can access the much-needed funds easily. We understand that everyone struggles with unexpected bills from time to time and we are here to help. A payday loan is there to offer some peace of mind, even if you have made some financial mistakes in the past.
What are payday loans online?
These are online loans that are considered to be an advance on your next pay cheque. They are useful for times when you need to pay for something unexpectedly in the middle of the month. Most often, you pay the money back when you next get paid so the loan is only in place for a few days or weeks. There is no need to visit a bank or office, the whole process can be taken care of online.
From submitting the application at the beginning to receiving the money at the end, everything is done electronically. People require a loan like this for all kinds of reasons, such as an unplanned vet bill or a house repair that just can’t wait. When there’s an urgent need for money like this, a payday loan online is a streamlined process that can give you access to cash in a hurry.
Payday loans that can be repaid in instalments
Although payday loans are most commonly paid back in full the next time you receive your wages, there is often the option to repay the loan in instalments over a few months. This can make things more manageable for you and less of a strain on your finances. When you are looking at what you can borrow with a payday loan online, carefully consider what is affordable before overstretching yourself.
However you decide to repay, this kind of borrowing is a short-term solution that is more expensive than mainstream loans. The APR or interest rate is generally higher, but if you pay back the money owed quickly, the fees are kept to a minimum. If you need a longer-term loan, then a payday loan might not be the best way for you to borrow the cash you want.
What is the best payday loan online?
The best payday loan for you will depend on your individual circumstances. The amount you want to borrow will be taken into consideration, along with your ability to repay the loan and the reason behind the application. We are a payday loan broker and we have access to flexible lenders who sympathetically look at your application.
These are companies who look at things a little differently from high street lenders and they are prepared to approve a loan when others turn you down. With a panel of interested lending companies working with us, we can offer you the best payday loan for your situation.
The lenders we work with are more open to payday loans and bad credit loans than standard banks. They are happy to look at your ability to settle your loan, rather than doing an in-depth credit history search. After all, not everyone has a great credit score or a long financial history to fall back on.
A good payday loan is one that gets you through your emergency cash-flow situation comfortably. With payday loans online, its simple to apply and can all be done from home. It is important that you understand the conditions of your loan before you accept it. You should also be confident that you can pay back the cash without considerable hardship in the future.
Get your hands on a payday loan instantly
Payday loans online are emergency cash advance on your wages. Designed to be there when you most need them, the loans are quick to arrange. Start by applying online, and we will match you with a lender who is confident with your current situation.
Take a look at the offer they have made available to you, and if you want to go ahead with it, you can complete the process on the internet. After this, the money will be transferred straight into your bank account within a few hours. Ready for you to use.
Compare Lenders
| Lender | Representative APR | Loan Duration | Available Amounts |
|---|---|---|---|
| Cash4unow | 1314% | 4 or 6 months | £150 to £1000 |
| THL Direct | 1306.21% | Up to 3 months | Up to £125 |
| QuidMarket | 1301% | 3-6 months | £300 to £1,500 |
| Ferratum | 1270% | 62 days to 4 months | £300 to £700 |
| Sunny | 1267% | 6, 7, 9 or 14 months | £100 to £2500 |
Payday loans online are unsecured
An unsecured loan is a loan without collateral. You do not have to offer an asset against the loan – that is to say, the lender does not have an automatic right to take your asset in repayment. This means that the lender is taking a bigger risk and is only relying on your promise to pay back what you owe.
To offset the risk taken by the lender, a payday loan will cost you a bit more. When you understand the reasons, it makes sense. To keep the expense to borrow money down, make sure you repay the loan as quickly as you are able.
To explain how payday loans online work, here are some of the most commonly asked questions:
FAQs
How much can I borrow with a payday loan online?
Small loans from around £100 can be borrowed, and in some circumstances, you can apply for loans of up to £5000.
I have a poor credit score, can I apply?
Payday loans are ideal for someone with bad credit. They are a short term and manageable way to borrow cash.
Can I pay back a payday loan in instalments?
On the whole, the answer is yes, but it will depend on the loan taken so read the conditions carefully.
What do you need to know?
We need your personal details – such as your address, date of birth, UK bank details and employment status.
Are payday loans online expensive?
The APR is higher with a payday loan, but as they are designed to be repaid quickly, the actual fee added to the short-term loan is minimised.