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Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Compare Payday Loan Companies

Short-term Loans - Cheap

If you are looking for a cheap payday lender, compare our offering to those of lenders. We are not lenders, but if you click apply you will receive a competitive loan offer which costs far less in comparison to other industry leaders. If you are in a hurry and want to take our word for it, click on the apply button and get fast cash sent directly to your bank account today. Would you like to hear why we’re the cheapest you’ll find? Consider this article a guide on how to find the best deal on payday lending.

What are cheap short-term loans?

They are a type of lending where you will either repay in one lump sump, both principal and interest, or make repayment in instalments. The interest rate is higher for those immediately repayable, and get lower as the length of the borrowing increases. To receive your funding, click the apply button and have funds wired to your bank account.

The first step toward making sure you get the cheapest lending possible is to verify you’re dealing with a direct lender, as opposed to a broker. The differences are explained below, but it all boils down to cutting out the middleman with a direct lender.

Brokers will get the details and information about your desire to get a loan. They will then shop that information around to various direct lenders. Once they receive the list of various offers you qualify for, they typically will present you with the most expensive one. This is because they work off commissions. Which companies pay the highest commissions? The ones that charge the consumer the most. That’s not a method that will work well if your goal is cheap.

On the other hand, working directly with the source of funding is more likely to get you the best deal possible. That is because you can research them ahead of time to discover their rates. Ours are plainly listed on our homepage. That brings us to the other main factor that decides whether you’re getting a cheap loan — the APR interest rate.

Short Term Loan for Bad Credit

In the UK, you can get a loan provided by banks and lending companies. For the coming year of 2017, changes mean that it will now accrue interest.


Cheapest Short Term Loan Interest rate Other Information
Finance Company Up to £9,000 a year in England, Wales and Scotland and £3925 in Northern Ireland 4.9% RIP £21,000 threshold income for repayment
Future Finance £1,000-£40,000 11.2% APR
HSBC £5,000-£25,000 3.3% APR For existing account holders
Co-op Bank £300-£10,000 9.9% APR
Barclays £7,500-£15,000 4.9% APR For loans between 2-5 years

APR Interest Rate

Compare us to Sunny and Wonga. Their APR rates are well over 1000%. Ours is far lower than that. This is the single biggest factor in securing a cheap loan, once you’ve determined that you’re not working with a broker.

The end? That is pretty much all there is to it. This type of borrowing is indeed not inexpensive, to begin with — in fact, it’s the most expensive type you can get today. They are not taken out for leisure. Quite frankly they are only suitable for emergency situations.

If you have a job or understand that you have some form fixed payment coming in the near future, this is what is required to secure this kind of lending. Most lenders (including ourselves) do not perform a credit check on this lending. The reason is that it is expected with this type of lending that many of the applicants will have bad credit. However, as long as you have a job, you can qualify — the risk is built into the exorbitant interest. While we are the cheapest option in this category of loan types, payday loans are hardly considered inexpensive.

If we’ve convinced you, and after your research, you discover we are in fact the most inexpensive option available, feel free to click apply and we will be happy to send cash to your bank account almost immediately after your application.


Apply for a loan today!

You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk