Payday Loans.

Apply now and get an instant decision for loans of £300 to £1,000. If approved cash could be yours in as little as 15 minutes.



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Representative 319.5% APR (variable). Representative Example: If you borrow £1000 over 12 months at a Representative rate of 319.5% APR and an annual interest rate of 152.33% (fixed), you would pay 12 monthly installments of £166.66. The total charge for credit will be £999.92 and the total amount payable will be £1,999.92.

Payday loan FAQs

Payday Loan is a term commonly used to describe high cost short term finance that is repaid on or around your next payday. They’re often associated with bad credit loans as payday lenders are happy to consider those with bad credit. Payday loans should only be used a last resort, common use are for events such as a boiler breakdown or car repair.

How do payday loans work?

If you've applied for a payday loan and been accepted, the lender will deposit funds directly into your bank account. Payout times vary from lender to lender, but cash can be in your account within 15 minutes.

You will be required to repay the loan in accordance to your agreement. This could be in one instalment on or around your next payday or in multiple instalments spread over a number of weeks or months.

Will I be accepted if I apply through Choose Wisely?

By using the Choose Wisely smart loan search you will see which lenders have provisionally accepted your application. However, final approval is always at the discretion of the lender and will be subject to final identity, credit and affordability checks.

Will I be credit checked for a payday loan?

Yes, when applying for a payday loan you'll be subject to a credit check. This will be carried out by the lender and will show up on your credit file regardless of whether you're accepted or declined. It's therefore vital to compare your options before you apply in order to ensure you apply to a lender that suits your requirements. Use the Choose Wisely smart search to find out which lenders will accept your application before you apply.

The quickest way to find the right loan

Use the Choose Wisely smart search to find out who will accept your application before you apply

How much will my payday loan cost me?

The cost of borrowing money varies between lenders. It’s worth noting that although APR’s are often above 1000% there are caps on how much you can actually be charged. Interest is capped at 0.8% interest per day or 100% of the total amount borrowed. Default fees are capped at £15. For example If you borrow £200, the maximum you can be charged in interest is £200.

How much can I borrow?

This will vary from lender to lender and will be dependant on your circumstances. Payday loans often stretch between £100 and £1,000.

Can I repay my loan early?

If you are approved for a loan with a direct lender if you wish to repay your loan early you have a legal right.

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