Borrow £100 to £5,000 until payday

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Won’t affect your credit rating 
Same day payouts

Representative 49.7% APR (variable)

Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR (variable) and an annual interest rate of 41.00% (variable), you would pay 36 monthly instalments of £126.61. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.

Payday Loans

Payday loans are effective if you require a small loan, usually between £100-£2,000, at short notice. UK payday loans are designed to grant individuals access to funds for unexpected expenses. Our site provides you access to a panel of online UK payday loan lenders, and our free quote & application service offers instant loan decisions. Individuals can select to take a payday guarantor loan or payday no guarantor loan.

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What are Payday Loans

A payday loan is a short-term unsecured loan which provides instant cash as financial relief. Payday loans online can bring short-term resolution to an often emergency situation. Payday loans now are accessible online via a free, online application. The purpose of a payday loan was under the agreement that the loan will be repaid when the borrower receives their next income.

Simply speaking, a payday loan is usually repaid in a single payment on a date surrounding the borrower’s payday. With payday loans UK the term time usually is four weeks. Fortunately, now there is more flexibility concerning the terms of payday loans direct. There tend to be longer term times, between three to six months, meaning you can spread out the repayment costs to benefit your finances.

Payday loans are also known as ‘payday advance’ or ‘fast cash advance’. These terms describe that you can now access payday loans online. As the borrower gets an instant payday loan lending decision from the comfort of their home.

NowLoan Payday Loans for Bad Credit

NowLoan is an FCA-authorised direct online broker. Establish if a company is authorised by visiting Financial Conduct Authority (FCA).

Payday loans for bad credit is another option for people who have had past problems with repayments. This type of loan is specifically targeted for those who tend to be rejected by conventional loan institutes, such as banks. A less than perfect credit score does not automatically exclude you from applying for an online UK payday loan.

Our website provides a free, no hidden cost, service that finds a lender likely to accept your application. Our application takes less than three minutes in total to complete, and on average you receive a payday loan instant decision in 90 seconds. Applying for a free quote bears no footprint on your credit rating. Meaning you can apply to view the loans available without impacting your credit score. * However, our payday loans direct lender has the right to conduct a credit check once redirected to finalise payday loan details.

Requirements to Apply

Some standard conditions must be met if you are interested in getting an online payday loan. The individual must have;

  • a valid bank account
  • be over 18 years old
  • be a UK citizen
  • have some form of income (most loan lenders accept only employed individuals. However, our lenders also specialise in loans for unemployed people)

Advantages of Payday Loans

UK payday loans are valid if you require a small loan, usually between £100-£2,000, at short notice to pay off any unexpected fees. Payday loans, sometimes known as payday advance, bring financial ease with immediate funds available directly in your account and other benefits noted;

  • Instant cash direct to bank account same day.The brilliance of an instant UK payday loan is that it brings immediate relief and resolution to whatever financial hindrance you are experiencing.
  • Spend the money how you like.There are no obligations or jurisdictions that dictate how you can spend the loan you receive. Once funds are in your bank account, the purpose is however you see fit.
  • Guarantor payday loans or no guarantor payday loans.Choose whether to select a security asset as collateral against your loan. Increases the percentage of accepting lenders.
  • No footprint on credit rating.No credit check payday loans with guaranteed approval.
  • Free, easy to use service.Our service and application are 100% free of charge, with no hidden costs or fees.
  • Bad credit rating loan acceptance.Payday loans for bad credit and payday loans no credit check are available, so everyone has the same rights and access.

Disadvantages of a Payday Loan

Payday loans should not be used as a means of income. We recommend you have some idea of a purpose before applying for an instant payday advance. Repeated applications for short-term loans can have an adverse effect on your credit rating, especially if you fail to make repayments. For more information, and to avoid falling into debt, please visit MoneyAdviceService

Some tips and information if you are interested in obtaining a UK payday loan

  1. Choose the amount you need to borrow. This will help you plan and prepare how much you will owe as a total and give you the time to organise your finances. Never seek a loan you know you will not be able to repay.
  2. Before finalising any financial agreements take the time to ensure the business is legitimate and has licensing to provide loans
  3. Read carefully over the payday loan terms and conditions and make sure they suit your circumstance before agreeing
  4. FCA has capped by law an 0.8% interest rate on payday loans. This stops direct lenders from charging excessive amounts to consumers. This means you will never owe double the amount you choose to borrow
  5. Consider if repaying a loan in instalments is more beneficial for you as opposed to a single payment

Apply for an Instant Term Loan with NowLoan

If you are interested in proceeding to apply for a UK short-term loan, then you need to complete our online, free application. Our application will take each detail provided and match it to a lending agent willing to say yes. We will never charge fees or extra costs. NowLoan is a short borrowing term loan direct broker, authorised by the FCA. Get an instant term loan decision, with cash same day direct to your bank account. Whether you choose to go ahead and finalise your lending decision, there will be no footprint on your credit score by receiving a quote. Click here to apply today for a no strings attached short-term loan quote.

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