Payday loans from
£50 to £5,000

Not anymore. Modern payday loans offer flexible repayment terms, typically ranging from 3 to 36 months, allowing you to choose a schedule that fits your budget.

The term ‘payday loan’ shows the origins of this type of credit, which was when employees would borrow money from their wages in advance. However, this was often insufficient and left their pay packet too small the following month, so short term loans with slightly longer repayment periods make borrowing a small amount more manageable for most people.

How long you repay the loan over will depend on the repayment period you select when applying. People usually try to pay the loan as soon as they can, without causing them more financial difficulty.

All reputable payday loan lenders are now regulated by the FCA (Financial Conduct Authority), which provides rules, regulation, and guidelines they must follow to stay compliant.

Payday loans usually have high APRs because they are short. Check the total repayable on your quote before you accept.

Our lender panel only includes regulated reputable direct lenders.

You can repay early at any time and pay less interest. No early repayment charge applies to loans arranged through us. Ask the lender for a settlement figure first. It can include up to 28 days' extra interest. Agreements over a year can add a little more.

If you realise you’ll struggle to make a payment, contact your lender immediately. Many lenders can arrange a payment holiday, adjust your repayment schedule, or work out a temporary solution.

Ignoring missed payments makes the situation worse. Lenders can charge late payment fees, and missed payments damage your credit score.

Payday loans are not long-term financial solutions. You should generally avoid them for non-emergencies or non-essential expenses, if you are already in debt, or if you do not have a stable source of income. Always ensure you can afford to repay the loan on time to prevent further financial difficulties.

Smart Uses for Payday Loans

• Emergency car repairs – get mobile again quickly

• Urgent home repairs – boiler, plumbing, or heating issues

• Unexpected bills – avoid late payment charges

• Essential appliances – fridge, washing machine replacement

• Medical emergencies – private treatment or dental work

• Temporary income gaps – between job changes

When to Avoid Payday Loans

• Non-essential purchases – holidays, luxury items, entertainment

• Paying existing debts – this rarely improves your situation

• Regular monthly expenses – rent, utilities, groceries

• Without stable income – repayment becomes difficult

• Multiple existing debts – seek debt advice instead

• Investment or gambling – high-risk financial activities

Most approved customers receive their funds the same day. The application itself takes about 3 minutes, and you’ll see matched offers within minutes of submitting your details.

Once you accept a lender’s offer and pass their full credit check, the lender will transfer the funds to your account. Many customers report receiving money within an hour, though the exact timing depends on the lender’s processing and your bank’s handling of incoming transfers.

You can apply 24 hours a day, 7 days a week, including weekends and bank holidays. Some lenders may not release funds outside working hours, in which case you’d receive the money the next working day.

With Payday UK, you can borrow anywhere from £50 to £5,000, with repayment terms ranging from 3 to 36 months. The amount you’re matched with depends on your circumstances, the lender’s criteria, and what you can comfortably afford to repay.

Our panel of FCA-regulated lenders includes options for a range of credit profiles, so you’ll see offers tailored to your situation.

You can check how much you might be eligible for in around 3 minutes using a soft credit search, which won’t affect your credit score.