Payday Loans - Apply Today!

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You would like to borrow £100 over 6 Months

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Please note only two lenders offer more than £1000. If you want a much larger choice, please lower the amount to £1000.

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Readies is rated 4.8 stars by based on 15 reviews

Real reviews from Readies payday loan customers :-

I needed £500 to get my car fixed before the weekend and Readies came through for me. Excellent site and service.


I was about to go over my overdraft and get hit with a huge fine. Thankfully Readies came to my rescue and I borrowed £250 until payday.


When it comes to short term lending there is really nobody better than Readies. They borrowed me £750 for 30 days and I received it within 30 minutes!


Great service from start to finish. The application took less than 2 minutes and the money was in my account within the hour. Excellent service.


Need cash, fast? Learn all about payday loans!

You've probably considered taking out a payday loan. Payday loans might have a controversial reputation in the financial world, but the truth is that most people don't fully understand what they are or how they work.

Before you can make any decisions about your payday loan possibilities, you'll need to ensure that you know as much as possible about this form of lending, and what it means to your future. In this guide, we're going to cover all the insights that you need to make an informed choice about your payday loan, from tips on how to compare lending options, to guidance on whether a payday loan is right for you.

  • What is a Payday Loan?
  • How Do Payday Loans Work?
  • How Will You Be Approved for Your Short Term Loan?
  • Who Can Apply for a Loan?
  • What Cash Loans Will Cost You
  • What Can You Use a Short Term Payday Loan For?
  • Testimonials From Our Customers
  • Choosing the Right Cash Loan
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Or read below for more great advice on payday lending :-

Payday Loans: Your Complete Guide

What is a Payday Loan?

First things first, a payday loan is a type of short-term credit.

The name "payday loan" comes from the fact that most online lenders used these small amounts of cash to support people who wanted to borrow money only until their next payday. The cash in a payday loan is usually borrowed for a short period of around a month and paid after you've got new money in your account. Some short term loans are offered over a period of 12 months should you require something longer term but the funds are still transferred instantly to your bank account in the same way as a true short term loan.

Today, you don't necessarily need to take a loan out and repay it on your payday for it to be a payday loan. Instead, the term is used to refer to any kind of short-term loan that is usually for a small amount of cash. On average, a payday loan is unlikely to be given for more than £1,000. Of course, as with most things in the credit world, the amount you can borrow on your payday loan will depend on the lender you choose and your credit rating. With that said though, there are payday lenders out there who offer larger loans for up to £2,500!

Many people turn to payday loans because they need cash now to cover expenses during an emergency, which is partially why they have such a bad reputation. However, just like any other loan, if you know how to repay the money you borrow on time, you shouldn't have any problems.

How Do Payday Loans Work?

Payday loans are appealing because of their speed and accessibility. Most of the time, you won't need an exceptional credit rating to apply for a payday loan, because the lender will be mitigating their risk with a higher interest rate or "APR." . This is why many payday loans are aimed at people with poor or outright bad credit ratings.

Payday loans are designed for when you have very short-term financial needs. Often, they can be approved and paid into your account on the day of your application, providing an easy option for consumers who need to access finance quickly, and don't have the time to deal with bank applications. Some even send the funds instantly within one hour. Especially if you have a UK bank account.

Though payday loans offer greater speed than most other loan products, they work in a similar way to any credit solution. When you apply for a payday loan, you'll be asked how much you need to borrow, the length of time you need to borrow the money for, and you may need to fill out a few personal details too.

Unlike with traditional loans, the amount you borrow, and the length of the loan will typically be quite small. Interest will be charged according to the expectations of the organisation that you borrow from, and there may be additional fees to consider. Importantly, the full price of your loan will not go over the price cap that has been set by the financial conduct authority or FCA to protect borrowers against payday loans.

How Will You Be Approved for Your Payday Loan?

When your application is submitted, most responsible payday lenders will perform a credit check. Importantly, you may still be able to get a payday loan if you have bad credit. In some cases, however, you will need to look for lenders that specialise in bad credit payday loans. Whether you're applying for a bad credit loan or not, your lender will want to check that you can afford to pay the money that you borrow back. In some cases, this could mean that you need to provide proof of employment to the bank or building society.

If your payday loan provider deems that you can reasonably afford the price of the loan (including interest), then they will approve your request. Most borrowers can achieve approval and get the money they request in their bank account within 24 hours with payday loans.

Once your loan has been agreed and you receive the payment, your repayment period will begin instantly. Borrowers will be required to meet with specific payment terms during this period. For some people, this will mean that you need to pay a chunk of money each month for an agreed period. For others, it may be possible to repay your payday loan all at once, such as when you receive your monthly salary. Just make sure that paying off the loan in full will leave you with enough money to pay your other bills after your payday.

Who Can Apply for a Payday Loan?

Payday loans are available for any adult in the UK over the age of 18. You will need a bank account to apply for a loan in this country, and you may also need to prove that you have a job that you can use to pay back the money that you borrow. While it is very easy to apply for a payday loan with most providers, remember that not everyone will automatically be approved for a payday loan. If you have bad credit, or you cannot afford to pay the money you borrow back, you will not be accepted.

The good news is that applying for a payday loan is usually a very simple process. Most of the time, lenders have systems online that you can use to enter your details and request approval without having to speak to another person. Often, you will receive confirmation of your loan online too through email, or an SMS message.

Typically, payday loan applications will be short and easy to fill out. However, you will need to have some information with you when you begin the application process. Expect to provide details about your income and expenditure, as well as bank details so that the money can be paid to you as quickly as possible.