Which payday loan
is best for you?

Click to compare


Real reviews from our customers

I needed money to go on a hen party with friends. Thanks Readies you came through when I thought I was going to miss out. £300 in my account in 30 minutes.

Stacy

I had to go to court as I had a bit of a misunderstanding with the benefits office. Readies gave me £150 which paid for a suit and tie. Great service, I would definitely use again.

Kevin

I borrowed £800 and received it within the hour. I used this money to hire an immigration expert as I want to stay in England despite being deported twice in the last 5 years.

Abdul

Readies gave me £1500 in time for Christmas. None of my 7 kids fathers work so this saved Christmas and I bought them all new clothes and a new iPhone 6s for myself.

Kandice

Payday loans have gotten a rather bad press in recent years, but the financial product isn’t always the worst option. For those needing to borrow for a short period of time there’s often a lack of other available financial products, and the cost of taking out a payday loan would be substantially less than taking out a personal loan for a longer period or a higher amount than is actually required. Choosing a payday loan provider isn’t just about representative APR. Some lenders force you to borrow for a full 28 days, while others are flexible – this means that you might pay back less with a lender with a higher APR.

Is this type of loan just for those with bad credit?

Payday loans are traditionally thought of as products that only those in desperate circumstances take out. However the reality is quite different. Many borrowers have permanent jobs and simply need money to pay for unexpected expenses such as emergency repairs, while some even use payday loans to fund business borrowing.

More mainstream

Moves by the industry to become less unpopular, and increasing regulation from government, mean that payday loans are no longer associated with the loan sharks that once controlled the industry. Representative APRs are falling, and often today you’ll pay £20 or less for your loan in interest. The flexibility of payday loans is also increasing their audience, with instant access to the exact amount of funds required for the precise number of days at a set rate, making them ideal for those who want an easy to understand form of credit.

Big brand or small player?

While traditional financial institutions have avoided the payday market, several payday firms have built up their own brands and are now household names. Others are brand new in the industry, or are so small that it’s unlikely that you’ve ever heard of them before. Typically it’s best to go with whatever lender offers you the best overall rate for the loan you wish to take out, however if you think you might struggle to repay then choosing a lender based on customer experience is a better option. Big brands are often keen to improve their reputations, so sometimes offer better customer experience – but not always, so check the reviews first.

Is a payday loan long enough?

It’s important to ensure that you will be able to afford to pay back your payday loan in full with interest when repayment is due. Failure to pay back the lender can lead to loans ‘rolling over’ and fines being issued. Both can be incredibly expensive, and therefore it’s vital that you only take out payday loans when you know you’ll be able to repay on time. Consider other forms of borrowing if you need money for a longer period, such as bad credit loans, guarantor loans or credit cards.

Are there alternatives?

Short term credit doesn’t only come from payday loans. Credit unions often offer similarly short loans, although the application process is often more time consuming. Non-loan products such as overdrafts and credit cards can be a cheaper alternative, as can borrowing from friends and family. However the convenience and flexibility of payday loans means they are unlikely to go away, and can be your best option in some circumstances.

Read More »
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
Quick Quid
£1500
£128.00
1294.10%

Rated 4.6 / 5 by
by 603 users

Read Reviews

Representative Example:
Amount of credit: £200 for 28 days. One total repayment of £244.80. Interest: £44.80. Interest rate: 292% pa (fixed). 1294.1% APR Representative.

PiggyBank
£750
£128.00
1270.00%

Rated 4 / 5 by
by 272 users

Read Reviews

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
£500
£128.00
1269.70%

Rated 4 / 5 by
by 274 users

Read Reviews

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

Wage Me
£750
£128.00
1221.50%

Rated 4 / 5 by
by 243 users

Read Reviews

Representative Example:
Loan Amount: £100 for 30 days, Interest: £24, Interest rate: 292%pa (fixed), One total repayment of: £124 Representative 1,221.5% APR.

Sunny
£2500
£128.00
1295.00%

Rated 3.9 / 5 by
by 297 users

Read Reviews

Representative Example:
Loan amount £400 repayable over 6 months. Total amount repayable £752.24 in 6 payments of £125.38. Interest 292% p.a. fixed. Representative 1295% APR

Pixie Loans
£1000
£128.00
1284.00%

Rated 3.6 / 5 by
by 148 users

Read Reviews

Representative Example:
Borrowing £200 over 58 days would mean the total charge for credit would consist of a £72.01 interest charge. This would make the Total Repayable £272.01. Interest Rate 292% pa (fixed) Representative APR 1284%.

Wizzcash
£1000
£128.00
1265.00%

Rated 4.6 / 5 by
by 36 users

Read Reviews

Representative Example:
Borrowing £300 + interest of £155 = Total repayments of £455

Cashfloat
£1100
£128.00
1116.00%

No yet rated

Write Review

Representative Example:
Borrow £450 for 3 months, APR 1116%, Interest rate (fixed) 277.4%,Total repayment £669.40

Wonga
£1000
£129.54
1509.00%

Rated 4 / 5 by
by 160 users

Read Reviews

Representative Example:
Borrow £100 for 13 days, Interest rate 292% pa (fixed), One repayment of £110.40, Representative 1,509% APR

Tide U Over
£500
£133.00
452.00%

Rated 4.2 / 5 by
by 71 users

Read Reviews

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.

247Moneybox
£400
£133.72
1284.30%

Rated 3.8 / 5 by
by 92 users

Read Reviews

Representative Example:
Total amount of credit £80, duration of the agreement 29 days, rate of interest 292.8% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1291.8% APR.

Uncle Buck
£1000
£143.00
1263.10%

Rated 3.9 / 5 by
by 111 users

Read Reviews

Representative Example:
If you borrowed £200 for 30 days you would repay a single payment of £248.00. Interest is 292% per annum (fixed). Representative 1263.1% APR

Wage Day Advance
£750
£143.00
1223.60%

Rated 4.1 / 5 by
by 89 users

Read Reviews

Representative Example:
Borrow £270 for 34 days. Total repayable £343.44 in a single instalment. Total charge for credit £73.44 comprising interest only. Interest rate 0.8% per day equating to 292% per annum (fixed). Representative APR 1223.6%

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 Wizzcash
Getting your loan money within an hour of applying for it is one of the best features of a Wizzcash payday loan as far as I am concerned. Being able to repay it over a 3 instalment period is also a very good factor of a Wizzcash loan. Provided they keep their rates competitive I don't see any need to go with a different lender at the moment and I have been recommending Wizzcash to friends who seem equally happy with them. So I don't think I am far wrong in saying they are one of the best payday loan companies at the moment.

Review posted by David Cooper, Streatham

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

Review of Wizzcash
I like using Wizzcash because they are more than just a regular payday loan company because they let you borrow larger sums and repay them in 3 instalments which is a much better option for me personally. I've had other payday loans where I've borrowed less but struggled with the one repayment at the end of the loan period. I never have to worry about that with these Wizzcash loans and it doesn't necessarily mean I am always borrowing more it just means I find the instalment repayments much easier to manage and for me that is brilliant and that's why I'll continue to use Wizzcash.

Review posted by Lyndsey Evans, Carshalton

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

Review of Wizzcash
Once I had got the first loan with Wizzcash out of the way the subsequent loans have been really easy and straightforward for me. I think once Wizzcash have your details on record they can process your loan application much quicker provided you haven't changed any of your main details. I always keep a payslip to hand just in case because when I got a pay rise last year I had to prove this to Wizzcash before they would approve a bigger loan amount for me. Now that information is on file they haven't asked to see it again so my current loan went through very fast indeed. It was a proper wizzcash loan in every respect.

Review posted by Macreish J., Wimbledon

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

Review of Pixie Loans
Getting a payday loan from Pixie Loans is a doddle now that I have used them a few times. It also means I can borrow more as I have proved myself to be a reliable borrower. I am never late with a repayment because I don't want to make the loan any more expensive than it has to be. If you use payday loans sensibly they can be a really good way of getting extra cash in a hurry and for me that is with Pixie Loans who are offering one of the best rates at the moment. When anyone asks me to recommend a payday loan company I always say Pixie Loans.

Review posted by Reece Walker, Camden

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

Review of Pixie Loans
Pixie Loans are my best friend at the moment and what I love the most about them is that I can rely on them to approve my loan and get the cash to me quickly. Now they've got to know me I can also borrow more. I think I've built up a good relationship with them even though its all done online. My details are on their records and they can see immediately that I am a good loan risk as I've never missed or been late with a repayment. It would be a shame if I had to go elsewhere for my future payday loans so I just hope things don't change because I like Pixie Loans just the way they are.

Review posted by Siobhan Rawlins, Gateshead

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

Compare PayDay loan providers

Loan amount?

£

For how long?

Days

You would like to borrow £750 over 15 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.
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
Quick Quid
£1500
£128.00
1294.10%

Rated 4.6 / 5 by
by 603 users

Read Reviews

Representative Example:
Amount of credit: £200 for 28 days. One total repayment of £244.80. Interest: £44.80. Interest rate: 292% pa (fixed). 1294.1% APR Representative.

PiggyBank
£750
£128.00
1270.00%

Rated 4 / 5 by
by 272 users

Read Reviews

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
£500
£128.00
1269.70%

Rated 4 / 5 by
by 274 users

Read Reviews

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

Wage Me
£750
£128.00
1221.50%

Rated 4 / 5 by
by 243 users

Read Reviews

Representative Example:
Loan Amount: £100 for 30 days, Interest: £24, Interest rate: 292%pa (fixed), One total repayment of: £124 Representative 1,221.5% APR.

Sunny
£2500
£128.00
1295.00%

Rated 3.9 / 5 by
by 297 users

Read Reviews

Representative Example:
Loan amount £400 repayable over 6 months. Total amount repayable £752.24 in 6 payments of £125.38. Interest 292% p.a. fixed. Representative 1295% APR

Pixie Loans
£1000
£128.00
1284.00%

Rated 3.6 / 5 by
by 148 users

Read Reviews

Representative Example:
Borrowing £200 over 58 days would mean the total charge for credit would consist of a £72.01 interest charge. This would make the Total Repayable £272.01. Interest Rate 292% pa (fixed) Representative APR 1284%.

Wizzcash
£1000
£128.00
1265.00%

Rated 4.6 / 5 by
by 36 users

Read Reviews

Representative Example:
Borrowing £300 + interest of £155 = Total repayments of £455

Cashfloat
£1100
£128.00
1116.00%

No yet rated

Write Review

Representative Example:
Borrow £450 for 3 months, APR 1116%, Interest rate (fixed) 277.4%,Total repayment £669.40

Wonga
£1000
£129.54
1509.00%

Rated 4 / 5 by
by 160 users

Read Reviews

Representative Example:
Borrow £100 for 13 days, Interest rate 292% pa (fixed), One repayment of £110.40, Representative 1,509% APR

Tide U Over
£500
£133.00
452.00%

Rated 4.2 / 5 by
by 71 users

Read Reviews

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.

247Moneybox
£400
£133.72
1284.30%

Rated 3.8 / 5 by
by 92 users

Read Reviews

Representative Example:
Total amount of credit £80, duration of the agreement 29 days, rate of interest 292.8% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1291.8% APR.

Uncle Buck
£1000
£143.00
1263.10%

Rated 3.9 / 5 by
by 111 users

Read Reviews

Representative Example:
If you borrowed £200 for 30 days you would repay a single payment of £248.00. Interest is 292% per annum (fixed). Representative 1263.1% APR

Wage Day Advance
£750
£143.00
1223.60%

Rated 4.1 / 5 by
by 89 users

Read Reviews

Representative Example:
Borrow £270 for 34 days. Total repayable £343.44 in a single instalment. Total charge for credit £73.44 comprising interest only. Interest rate 0.8% per day equating to 292% per annum (fixed). Representative APR 1223.6%

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.



Related Payday Loan Guides