Compare Short Term Loans

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You would like to borrow £100 over 28 days

The table below has been updated, with the cheapest lending option at the top.  Please use the Visit Site buttons to apply, or re-enter loan information for another comparison.
Please note only two lenders offer more than £1000. If you want a much larger choice, please lower the amount to £1000.

Why It’s Important to Compare Payday Loans

Payday loans and short-term loans have a complex reputation in the world of lending. It’s easy to assume that all the payday loans available on the market are the same, with the same high interest rates and complicated repayment terms. However, the truth is that there are countless different lenders out there, each providing loans with their own pros and cons to consider.

If you need a same-day loan to help you deal with a financial emergency as quickly as possible, don’t be tricked into choosing the wrong lending option because you’re in a hurry. With comparison websites, it’s possible to check the benefits of the different payday loans that are appropriate for you faster than you might think. Here’s why it’s so important to compare the differences between your available payday loans.

1. Get a Better APR Rate

The most obvious reason to compare instant loans is that you’ll improve your chances of getting the best APR. The annual percentage rate refers to the cost of the loan that you’re taking out over the course of a full year. Remember, most payday loans have higher APR rates than some of the other lending products on the market, but their short-term nature also means that the APR isn’t as significant as it seems at first.

Remember, the APR on a loan is often a better way to look at the full cost of your loan, than simply examining the interest rate. Every payday lender has their own distinct APR to offer, and it’s worth making sure that you don’t pay more than necessary by comparing your options.

2. Check the Lending Criteria

Another reason why it’s a good idea to compare your cash advance options, is that you will be able to check up on the lending criteria. Remember that certain loan providers will have specific requests when it comes to applying for a payday loan. While all lenders will not lend to anyone under the age of 18, some companies may need you to be in full-time employment, while others might be happy with a part-time job.

If you’re self-employed, or you have specific criteria in your file that might make it hard to apply for certain payday loans, it pays to know the lending rules before you apply. Remember that rejected applications leave a black mark on your credit history.

3. Reduce Your Fees and Charges

Another thing to consider when you’re looking at same day loans, is that some of them charge late fees that change according to how long it takes for you to make a late repayment. Other companies have a very specific default fee that’s added to your account when you’re late making a repayment. The financial conduct authority dictates that lenders can only charge up to £15 for a late fee.

To make sure that you understand the fees and charges associated with your instant loans, spend some time reading the fine print on your lending option before you agree to anything. There may even be certain extra fees for simply applying for a loan from certain providers, so it pays to be informed.

4. Get the Best Repayment Options

For short term loans, many lenders will collect repayments using something called a “continuous payment authority”. This simply means that your lender can automatically collect the money that they’re owed from your bank account without applying for authorisation. In certain circumstances, your lender may even be able to take a different amount of cash from your account each month if that’s what you agree to.

For some people, there are benefits to choosing a cash advance that’s paid back by a continuous payment authority. After all, it removes the risk that you might forget to pay off your debt on time. However, if you don’t feel comfortable with this option, you can always look for credit providers that offer different repayment methods.

5. Choose Your Loan Terms

Finally, most instant loans will only last for a very short period, often bridging the gap between one payday and the next. However, exactly how much time you can get out of a payday loan will depend on the lender that you choose. Some short-term payday loans can be paid back over a longer period of 2 to 6 months. When you’re comparing your options online, ask yourself how long you’re going to need to make repayments.

Ideally, it’s best to clear your debt as fast as you can, but you can always look for something that gives you some extra time if you need it.

Read More »

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

ProviderMax Loan AmountRepayable on £100
(over 28 days)
Representative
APR
Good Practice
Charter
(?)
Good Practice Charter

This indicates if the lender is signed up to the Good Practice Charter which encourages responsible lending from payday lenders and brokers.

User Reviews
Drafty
£100
28
£105

Rated 4.8 / 5 by
by 12 users

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Representative Example:
Representative 89.7% APR, and a maximum APR of 91.2%. If you draw £50 against your credit line at 89.7% APR, it would be paid off in 6 months for a total of £60.

Dot Dot Loans
£100
28
£107

Rated 4.9 / 5 by
by 17 users

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Representative Example:
£300 loan repayable over 6 months at £94.50 per month, Rate of interest 89% fixed; Representative 976.5% APR, Total Amount Payable is £567.

The Money Platform
£100
28
£108

Rated 4.8 / 5 by
by 11 users

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Representative Example:
Borrow:£1000 for 12 weeks, Interest rate:109.5%, One repayment of:£1252, Representative:165% APR

JL Money
£100
28
£109

Rated 4.9 / 5 by
by 13 users

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Representative Example:
Borrow £250 for 3 months. Total cost of credit £75 comprising interest only. Total amount repayable £325 in 3 instalments of £108.34 each month. Interest rate 120% p.a. (fixed). Representative APR 400.83%.

Satsuma Loans
£100
28
£114

Rated 4.9 / 5 by
by 13 users

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Representative Example:
Representative example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.

The Money Shop
£100
28
£114

Rated 4.7 / 5 by
by 10 users

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Representative Example:
£300 borrowed for 6 months. Annual interest rate of 179% (fixed). Total amount repayable is £450.18 in 6 monthly instalments of £75.03. Representative 447% APR.

Tiger Loans Company
£100
28
£117

Rated 4.9 / 5 by
by 11 users

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Representative Example:
Amount of credit: £200 for 6 months, Interest rate: 219%pa (fixed), Admin Fee: £10, Total Repayment of £355.30, Representative 786.40% APR

MyJar
£100
28
£118

Rated 4.8 / 5 by
by 14 users

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Representative Example:
Borrow £500 for 6 months. Annual interest rate 238% (variable). 1 instalment of £142.10 & 5 equal instalments of £142.42. Total amount to repay £854.20. Representative 788% APR.

Tide U Over
£100
28
£119

Rated 4.2 / 5 by
by 71 users

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Representative Example:
Borrow £200 for 28 days. The total charge for credit is £28. Interest is fixed at a rate of £28 per £200 loan (182.5% per annum). The total repayable is £228. 452% APR Representative.

Money Boat
£100
28
£120

Rated 4.9 / 5 by
by 18 users

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Representative Example:
£400 loan for 113 days (4 instalments). Total: £597.48. Interest £197.48. Interest rate 255.5% pa (fixed). Repay £149.37 for 4 payments. Representative 939.5% APR.

Cashfloat
£100
28
£121

Rated 4.9 / 5 by
by 13 users

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Representative Example:
Borrow £500 for 4 Months, Four Monthly Repayments of £215.81 Total repayment £863.24 Interest Rate PA (fixed) 270.10% Representative APR 997%

Trusted Quid
£100
28
£122

Rated 4.9 / 5 by
by 15 users

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Representative Example:
Borrow £300 for 6 months. Repay with 6 payments – 1st £94.28, 2nd £110.15, 3rd £95.25, 4th £87.45, 5th £73.41, 6th £61.26. Total Charge for credit is £219.47 comprising interest only. Interest is set at a daily rate of 0.78% per day per £100 borrowed for the term of the loan (a fixed rate of 284% per annum). Total Repayable is £519.47.

Cash ASAP
£100
28
£122

Rated 4.7 / 5 by
by 11 users

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Representative Example:
Representative Example: £160 loan for 15 days at a fixed interest rate of 290% pa. Total amount payable is £179.07 in one single repayment. This is based on the amount of credit plus interest, no other fees apply. Representative APR 1449%

Lending Stream
£100
28
£122

Rated 4.8 / 5 by
by 17 users

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Representative Example:
Maximum APR of 1698.1%. Given a Representative APR is 1325%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £33.60 followed by £96.00, £75.84, £66.88, £62.40 and £48.96 the following months. You will repay £383.68 in total, there are no additional fees.

Quidmarket Loans
£100
28
£122

Rated 4.8 / 5 by
by 8 users

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Representative Example:
Borrow £500 for 5 months.Interest payable £367.05.Total amount payable: £887.05 in 5 instalments.5 payments of £173.41.Representative 1297% APR.Interest rate 292% per annum (fixed)First repayment in 23 days

Credit Star
£100
28
£122

Rated 4.7 / 5 by
by 16 users

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Representative Example:
Amount of credit: £100 for 30 days. Interest: £24 Interest rate: 292%pa (fixed). One total repayment of: £124. Representative 1269.72% APR.

Quick Quid
£100
28
£122

Rated 4.6 / 5 by
by 603 users

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Representative Example:
Amount of credit: £300 for 71 days. One total repayment of £470.40. Interest: £170.40. Interest rate: 292% pa (fixed). 1301.2% APR Representative.

Wizzcash
£100
28
£122

Rated 4.6 / 5 by
by 36 users

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Representative Example:
Borrowing £300 over 90 days, 3 x payments of £151.42, Total amount repaid: £454, Interest rate 292% (Fixed), Representative APR 1265%

PiggyBank
£100
28
£122

Rated 4 / 5 by
by 272 users

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Representative Example:
Amount of credit £250.00 for 30 days, Total amount payable £310.00, Interest rate 292% (fixed), Interest £60.00, Representative 1270%APR

The Quick Loan Shop
£100
28
£122

Rated 4 / 5 by
by 274 users

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Representative Example:
Borrow £100 for 30 days, Amount payable: £124, Interest £24, Interest rate: 292% p.a., APR: 1269.7%

Wage Me
£100
28
£122

Rated 4 / 5 by
by 243 users

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Representative Example:
Representative: 1,212.3% APR - Representative Example: Loan Amount: £100 for 35 days, Interest: £28, Interest rate: 292%pa (fixed), One total repayment of: £128 Representative 1,212.3% APR.

Sunny
£100
28
£122

Rated 3.9 / 5 by
by 297 users

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Representative Example:
Borrow £250 for 6 months, Interest rate 292% pa (fixed), 6 repayments of £73.35, Total amount repayable £440.05, Representative 1291% APR

Peachy Loans
£100
28
£122

Rated 4.9 / 5 by
by 14 users

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Representative Example:
Borrow £250 for 3 months. Total repayment: £379.44 in 3 monthly payments of £126.48. Interest p.a: 292.25% (fixed). Representative 1255.66%APR.

Wonga
£100
28
£124

Rated 4 / 5 by
by 161 users

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Representative Example:
Borrow £400 over 3 months, Interest rate 292% pa (fixed), Two repayments of £200.38, One final repayment of £200.37, Total amount payable £601.13, Representative 1,286% APR

247Moneybox
£100
28
£127

Rated 3.8 / 5 by
by 93 users

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Representative Example:
Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR.

Ferratum
£100
28
£127

Rated 4.2 / 5 by
by 18 users

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Representative Example:
APR 1270% if borrowing £400 for 4 months. Interest: £265.48. Interest rate: 292% p.a. (fixed). Total amount repayable: £665.48 by four instalments of £166.37.

Wage Day Advance
£100
28
£137

Rated 4.1 / 5 by
by 89 users

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Representative Example:
Borrow £200 for 28 days. Total Repayable £244.80. Total charge for credit £44.80 comprising interest only. Interest rate 292% per annum(fixed). Representative APR 1294.1%

Uncle Buck
£100
28
£137

Rated 3.9 / 5 by
by 111 users

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Representative Example:
Loan Amount (for 84 days): £200, 3 Repayments of: £97.49 x2 & £95.30 x1, Total Repayment: £290.28, Interest Rate: 292% pa (fixed), Representative: 1239.7% APR

Whilst we make every effort to ensure that the information is up to date, you should always confirm the terms of the offer with the product provider.



5 most recent payday loan reviews

Review of 247Moneybox
I\'ve loaned money from 247 Moneybox twice now. The first time I took £100 to pay for a dress for a wedding. Maybe I shouldn\'t borrow for that but I didn\'t want to wear something shabby in the photos; it was my sisters wedding! That time the money was in my account within an hour. We tried the dresses on, then applied for a loan. By the time we ate lunch the money had cleared so all is good.

The second time I borrowed £500, this time because my boiler blew up. Again the money was in my account that same morning. Thanks guys.

Review posted by Kayleigh

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Ferratum
Ferratum are really good. I borrowed £500 to get a replacement engine for my Mondeo after it blew up. I was going to get fired from my job if I didn\'t show up on Monday so they saved me really.

The online form took about ten minutes to fill in. The money was in my bank within an hour. I\'m really happy with the service, I would recommend them if you\'re stuck. Its not the cheapest place to borrow money but when you\'re looking at losing your job if you don\'t come up with some cash that day, it makes sense.

Review posted by James

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga
I found Wonga easy to apply online , no problems getting loan. unfortunately the 2 times I phoned customer services I was disappointed with lack of friendliness and felt like a nuisance! I paid off my flexi loan which ran over a period of three months . but when I applied for a second loan I was promptly refused and email stated do not try to reapply for a lower amount! as a previous lender and having paid off my first loan I was a little put off as a supposedly valued customer .none of my details had changed and there was no problem paying first loan. loyalty to customers who have paid off previous loans does not apply to Wonga unfortunately. all in all apart from refusal for second loan it was an easy company to apply online

Review posted by deborah ashman

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Uncle Buck
This was easy, I applied online and it was all quite straight forward. The form was simple enough, and all the information on how much I would need to repay was clearly shown.

The payments came out my bank when they were meant to. So it done everything that it said on the tin. Perhaps a little expensive but it got me out of a tight spot. I hope I won't need to use a payday lender again but if I do, I'd use this one.

I don't think they contacted my employer so its all discrete too. Not that it matters too much but I'd rather they didn't know their poor pay cheque isn't enough to last me to the end of the month.

Thanks, John

Review posted by John

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Lending Stream
i went to lending stream for a quick loan when I needed a lawyer. The loan service provided to me was fantastic. Just a few hours after applying online I had the money ready to spend. The loan was easy to repay with the per day interest rate.
The process was so fast which was great as I knew I had been accepted and could stop worrying about it. You also have the option to fully clear the loan early which would save you a lot of money. The loan from lending stream was great and I would use it again in the future.

Review posted by Theresa Richards

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money


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