Payday Loans in Minutes

Get the loan you need in your account by 03:59

Free, no obligation quote
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

Payday loans are effective if you require a small loan, usually between £100 and £2,000, at short notice. UK payday loans are designed to grant individuals access to funds for unexpected expenses. NowLoan gives you quick and easy access to a range of online UK payday loan lenders, and our free quote and application service offers instant payday loan decisions. Individuals can choose to take a payday guarantor loan or payday no guarantor loan.

What are Payday Loans?

A payday loan is a short term unsecured loan that provides instant cash as financial relief. Payday loans are a short term loan often best suited to help with unexpected and urgent last-minute expenses. Payday loans are accessible online via a quick and free application. Payday loans are granted on an 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 or soon after the borrower’s payday. With payday loans UK the borrowing terms are usually four weeks. Depending on your personal circumstances and your lender, more flexibility in terms of repaying the borrowed amount may be available. This could be extended borrowing terms of between three to six months, meaning you can spread out the repayment costs to benefit your finances. Terms are specific to your loan and the payday loan lender you choose.

Payday loans are also known as ‘payday advance’ or ‘fast cash advance’. These terms refer to online payday loans where 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. We recommend borrowers always confirm that a company is authorised before taking out a loan by visiting the Financial Conduct Authority (FCA).

Payday loans for bad credit are an option for people who have had past problems with repayments. This type of loan is specifically designed 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.

NowLoan 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 an instant payday loan decision in 90 seconds. Applying for a free quote bears no footprint on your credit rating. This means you can apply to view the loans available to you 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 taking out 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 and£2,000, at short notice to pay off any unexpected expenses. Payday loans, sometimes known as payday advance, bring financial ease with immediate funds available directly into your bank account. Other benefits include:

Same day instant cash direct to your bank account.

UK payday loans are ideal when you need immediate help with short term finance, bringing relief in the days or weeks before you get your next pay day.

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, use the loan however you see fit.

Guarantor payday loans or no guarantor payday loans.

Choose whether to select a security asset as collateral against your loan. This increases the percentage of accepting lenders and the range of loans on offer to you

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 with 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 – visit the Financial Conduct Authority for more detail.
  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 a 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 applying for a UK short term loan, complete our free online application. Our application will take the details you provide and match it to a lender willing to say yes.

At NowLoan, 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. Your UK short term loan search and resulting quotes through NowLoan leave no footprint on your credit score. Click here to apply today for a no strings attached short term loan quote

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