Compare all Direct UK Payday Lenders and read our unbiased reviews to find the loan that best matches your needs.

Payday Lenders

Loan Amount Loan Term Interest
per £100 per day
Total to Repay Same day
wire
Late Fees Review Apply Now

Direct Pay Day Lenders UK

LENDING STREAM
lendingstream-logo
£50-£800 1-6 months £0.51 £318.32
(£200, 6 months)
£15 max. Read Review
Representative Example: Representative APR is 483%, if you borrow £200 over 6 months at 186.15% p.a. (fixed) your first repayment will be £20.40 followed by £70.60, £62.85, £60.81, £51.83 and £45.71 the following months. You will repay £312.20 in total, there are no additional fees. This rate is available to new customers applying through this channel.
SATSUMA
satsuma-loans
£100-£1,000 3 to 12 months £0.49 £147.60
(£100, 3 months)
No late fees Read Review
Representative example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.
TRUSTED QUID
trustedquid-loans
£100-£1,500 6 months £0.78 £193.47
(£100, 6 months)
£15 max. Read Review
Representative Example: Borrow £300 for 6 months. Repay with 6 payments – 1st £94.28, 2nd £110.15, 3rd £95.25, 4th £87.45, 5th £73.41, 6th £61.26. Total Charge for credit is £219.47 comprising interest only. Interest is set at a daily rate of 0.78% per day per £100 borrowed for the term of the loan (a fixed rate of 284% per annum). Total Repayable is £519.47. Representative 1212.95% APR.
SAFETYNET CREDIT
Safetynetcredit
£50-£500 1-40 days £0.80 £124
(£100, 30 days)
No late fees Read Review
Representative Example: Amount of credit: £500. Interest rate: 0.8% per day for up to 40 days (292% per annum (variable)). Representative 68.7% APR (variable).
WIZZCASH
£300-£1,000 3 months £0.80 £455
(£300-3 months)
No late fees Read Review
Representative Example: Total Amount of Credit: £300. Duration of the Agreement: 90 days. Total Amount Repayable: £454.26 to be re-paid in 3 equal instalments of £151.42 on your next 3 pay days. Interest is Fixed at a rate of 292% per year – 0.8% interest per day. Representative 1265% APR.
247MONEYBOX
247moneybox-logo
£50-£500 30 days £0.80 £122.4
(£100, 28 days)
£15+interest Read Review
Representative example: Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR
WAGEME
wageme
£50-£1,000 1-31 days £0.80 £124
(£100-30 days)
£15+interest Read Review
Representative Example: Loan Amount: £100 for 35 days, Interest: £28, Interest rate: 292%pa (fixed), One total repayment of: £128 Representative 1,212.3% APR.
CARE FINANCE
 
£100-£150 3 months £0.80 £157
(£100-3 months)
N/A Read Review
Representative Example: Example: £100 loan over 3 Months (85 days). Annual rate of interest 292% fixed. Cost of credit £57. Total payable over 3 payments: £157. Representative Rate 1288.79 %APR.
THL DIRECT
 
£150-£200 3 months £0.80 £318
(£200-3 months)
N/A Read Review
Representative Example: £200 loan taken out over 3 Months (83 days). Annual rate of interest 292% fixed. Cost of credit £113.08. Total payable over 3 payments: £313.08.
PIGGY BANK
£100-£1,000 7 days -
5 months
£0.80 £124
(£100-30 days)
No late fees Read Review
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.
RESPONSE FUNDING   £150-£200 3 months £0.80 £318
(£200-3 months)
N/A Read Review
Representative Example: Representative Rate 1304.41% APR. Representative Example: £200 loan taken out over 3 Months (82 days). Annual rate of interest 292% fixed. Cost of credit £111.36. Total payable over 3 payments: £311.36.
Direct Payday Lenders Max. Loan Amount Apply Now
LENDING STREAM
lendingstream-logo
Read Review
£1,500
SAFETYNET CREDIT
Safetynetcredit
Read Review
£500
TRUSTED QUID
satsuma-loans
Read Review
£1,500
WIZZCASH

Read Review
£1,000
247MONEYBOX
247moneybox-logo Read Review
£500
WAGEME
wageme
Read Review
£1,000
SATSUMA
satsuma-loans
Read Review
£1,000
PIGGY BANK

Read Review
£1,000
WAGEDAYADVANCE

Read Review
£400
CARE FINANCE
 
Read Review
£150
THL DIRECT
 
Read Review
£200
RESPONSE FUNDING  
Read Review
£200

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Warning: late repayment can cause you serious financial issues. Get help on moneyadviceservice.org.uk.

Payday loans: know your rights

While the payday loan industry was a bit of a jungle full of lions (well, sharks) a few years ago, the Financial Conduct Authority (FCA) proposed a series of measures in April 2014 with a clear objective of making the market tougher and regulated - for sure a lot more than it was prior the introduction of the rules.

What payday lenders can/can't charge

Those rules are not marginal in terms of costs for the consumers. So here is a summary of the main changes that came into force on the 2nd January 2015

- Initial Loan Cost Cap: the total amount charged for interests, fees must be maximum 0.8% per day. That represents a yearly interest rate of 292% (you can find that in the representative example). Concretely, you cannot be charged more than 80 pence per £100 borrowed.
- Total Loan Cost Cap: not only the initial amount of the loan is capped. The total amount is also limited to 100% of the amount of your loan, i.e. if you borrow £100, you should never pay more than £200 back included all interests, fees, late fees... this is to prevent customers from escalating debts.
- Cap on Default Fees: another cap that was highly needed is the limitation of how much you can be charged for missing a payment/paying late. Lenders won't be able to charge you in total more than £15. If you pay late, the daily interest rate of maximum 0.8% will be applied (see first point), this until a maximum of 100% of the loan amount (see previous point).
Summary: as of today, if you take out a loan of £100 and repay on time, you should never be charged more than £24 in interests and fees. If you pay late, you will owe the £24 of interest + a likely £15 of default fees + the daily interest of 0.8% per each defaulted day. Eventually, you will never be charged more than 100% of the loan amount, that is £100+£100 = £200.

Other new rules impacting payday lenders and consumers

Besides capping the cost, the FCA has dealt with other aspect of the excessive borrowing behaviours observed.

- Rolling over only twice: not 3, not 4 times to prevent spiraling debts. When lenders (and consumers) used to conveniently rollover loans to the next month it was also a very costly solution leading to hge debts. Since the introduction of the rules at the beginning of 2015, loans can only be rolled over twice and then the balance will be due.
- Payment collection: one of the other main changes is about how often payday lenders are trying to collect money from your account. Most lenders use a Continuous Payment Authority (CPA) to collect funds from your bank account, allowing them to do so at any date and take any amount. That means, provided they let you know they will take a payment, they can collect small amounts several times a day if necessary. This was abusive. Besides not all lenders were informing their clients about that. This is another issue when other entities (water, tax, rent..) use a CPA and the money is not there anymore. Since January 2015, payday lenders will be limited to 2 failed attempts at collecting money. After that, they will need to get in touch with you to sort out the problem.
- CPA part payments forbidden: as a logical continuation of the previous point, only attempts of collecting full payments will be allowed via CPA. Partly trying to get funds via CPA is forbidden.
- Debt information and risk warning: all types of short term company, including brokers, will have to display a clear warning message on their website and in any electronic or non-electronic communication. The message mostly warns about the dangers of late repayments but also advises how to get debt help from Moneyadviceservice.

The 14 day cooling-off period

Last but not least, this is often forgotten, but you can withdraw from the agreement during the first 14 days. Anytime. All you have to do is pay the interest of teh credit you have used. That's all.

You must be 18 years old, UK resident, have a UK bank account and employed (or have a regular income at least) to apply for a loan with most of those lenders.

All our direct payday lenders
are listed according to several criteria such as their Representative APR, loan amount for a new client, loan term... The site also lists lenders to allow you to compare short term loans by type, depending on whether you are looking for a loan fast, an installment loan or a loan by text for example. We also included a shortlist of brokers (not charging upfront fees) if you do not want to apply to all lenders one by one. Provided they do not charge you a fee, they can be a good solution to find out quickly which direct lender might approve you. However we strongly advise to avoid brokers, so here are tips to easily detect them.

If you have a poor credit history or are trying to improve your credit score, read our guide including all you need to know about credit checks and rating.

Important Information: please note this is an independent and subjective ranking of the payday lenders. This is purely informational and it is not professional advice. Before applying to a payday lender, make sure you understand all the costs and risks associated. Indeed, if you do not repay your loan in full and on time, it might be automatically extended and it would trigger additional fees and interest. This could also impact your credit score negatively and failure to pay your loan could also mean facing collection action. Never forget that payday loans are expensive and do not constitute a long-term solution to financial issues. They should only be used for emergencies and you should not take out another payday loan if you already have one. If you find yourself in financial difficulty, contact as soon as possible a Debt Charity.

Compliance
www.allpaydaylenders.com is a trading name of Techkredit Ltd and is a fully licensed credit brokerage business authorised and regulated by the FCA (Financial Conduct Authority). We hold an Interim Permissions (reference number 672826) for the purpose of carrying out credit brokerage business. We are registered with the Information Commissioners Office in compliance with the Data Protection Act of 1998, with registration number Z3404270. Techkredit Ltd only operate with brokers and lenders who abide by the regulations of the Consumer Credit Act, the Financial Conduct Authority and the Information Commissioners Office.

Implications of late or non-payment
As a payday loan comparison site, hence as a broker, we work with several payday lenders. All of them have their own loan terms and conditions and distinct lending practices. In most cases, late or non-payment may result in additional charges (default charges), fees or interest charges. If you feel you will not be able to repay your loan on time, you should immediately contact the lender directly to discuss your options.

Credit checks and impact on your credit score
Lenders listed in our comparison tables will all perform traditional credit checks from one of the main credit reporting bureaus. Consequently, a late and/or a missed payment may have a negative impact on your credit score.

Lenders’ Collection practices
AllPaydayLenders is not involved at all with collection practices. As a broker, we work with several lenders all of which have their own collection practices. If you miss or have difficulties making a payment, you must contact the lender you got your loan from to discuss an arrangement. Failure to do so and solve the payment issue directly with your payday lender may result in your account to be forwarded to one or several collection agencies.

Loan Renewal policy
Since we are not a direct lender, we do not participate in the decision of renewing your loan. Each lender have their own renewal policies and conditions. We highly suggest you to read your loan agreement and the lenders’ terms and conditions very carfeully to know more about their renewal policies. If you have any questions regarding this matter or wish to renew your loan, you should get in touch with the lender we matched your application directly.

Responsible lending policy and Code of practice
AllPaydayLenders, as a trading style of Techkredit Ltd, work with a carefully selected panel of lenders. All of them abide to an ethical code of practice and are contractually committed to responsible lending and have their code of practice and policy on responsible lending available on their website or from the customers’ information. Our preference goes to lenders with a membership with a trade body association.

Can I receive free independent advice?
If you feel you are in financial trouble and feel your situation warrants further advice before you make the decision to apply for a loan, you can obtain free and independent advice from the Citizens Advice Bureau or from debt charities such as StepChange. These organisations have experienced advisors that will be able to help you whilst also keeping your information confidential.

5 tips to avoid pitfalls when choosing a payday loan

Payday lender or broker?
The search for a short term loan can be a complex task. And in some cases in can even become a nightmare.

One of the reasons that keep coming back is consumers being misled by brokers that look exactly like direct lenders and are not clearly showing they are brokers. By applying there, you personal information is shared with dozens or even hundreds of 3rd parties.

Is that really what you want?
So here are 5 tips to help you navigate your way through this jungle:




1- Direct lender or broker? How to easily detect brokers?

FCA rules for Price Comparison Websites and Why it will be a failure

The FCA (Financial Conduct Authority) introduced on the 1st of December 2016 a series of new rules applicable to Price Comparison Websites (PCW) displaying High-Cost Short-Term Credit (HCSTC) products.

Here is the full document including d the new rules this article refers to : https://www.fca.org.uk/publication/policy/ps16-15.pdf

 While rules and more control can be good as there is a lot of spam in this industry, I would like to openly discuss this new set of rules as I feel it does not solve yet again the real issue and does not target the worst actors of the market.

So I will go through some of the major new rules introduced in December below

1-  PCW should not display lenders in a way that is based on commercial interest between the lender and the PCW

Satsuma Loans Review

Satsuma Loans Review








Company Name: Satsuma Loans
Trading name of: Provident Personal Credit Limited
Registration Number: 146091
FCA permission: 002529
Representative APR: 991%
Maximum Loan Amount: £100 - £1,000
Loan Term: 3-12 months
Cost to Borrow £200 for 3 months: £95.20
Representative Example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.
Hidden Fees: No
Promo Code: No
Contact: 0800 694 0004 / [email protected]

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©Allpaydaylenders.com is a registered Trading name of Techkredit Ltd which is an Appointed Representative of QV Holdco Ltd, and is entered on the Financial Services Register under reference number: 729430. QV Holdco Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 672826. Techkredit Ltd is registered in England and Wales Company number: 07929994, registered office; 2nd Floor, Malta House, Piccadilly, London W1J, OLE, UK

Legal Disclaimer: Allpaydaylenders.com is an introducer (or broker) that gives independent ranking and reviews on loan lenders and loan companies. They are only intended for informational use and do not constitute professional advice. We strive to keep the information presented up to date but do not guarantee that it is free of errors. Please always refer to the Terms and Conditions on the lender's site. We do not accept liability for any errors nor omissions on this website. This website is privately owned and contains links to direct payday loan lender websites that chose to advertise with us and pay us in return for doing so. We take no responsibility of the content on websites that we link to.
We are not a lender and do not provide credit to consumers. If you make an application through this website it will be shown to a selection of our lending partners for their consideration.