£1000 Loans with an Instant Decision.

All the direct lenders on the panel are regulated by FCA (Financial Conduct Authority). This means they must abide by a set of rules designed to ensure they remain ethical and transparent. The APR rates are higher on payday loans. However, the higher interest rates reflect the shorter period of the loan, because the lender has a shorter period to make a profit. The amount of interest that a lender can charge cannot exceed 0.8% per day.

We understand how important it is to provide you with a route to apply for quick access to extra funds. Most people applying for a payday loan are faced with an emergency where they need the funds quickly. Therefore, we make it as simple as possible. You can apply on your smartphone, won’t be charged any fees by Payday UK, and will look to find you the loan with the lowest interest rate for your circumstances.

When you apply for a loan via Payday UK, our lenders will initially perform a soft credit check; it leaves no trace on your credit report. If you accept a £1000 loan offer, the direct lender will perform a full credit check before releasing the funds. The FCA requires this, and you should be wary of any company that says they don’t perform one at all. However, you’ll already know you meet all the criteria before a full credit check is performed. Therefore, if you make all the repayments for your £1000 loan on time, it should only improve your credit score.

We have an industry-leading selection of lenders on our panel. Some require guarantors, while others don’t. The person you select can be a member of your family or a friend. If a guarantor is needed for your loan, you can proceed as usual.

Yes. Speed is just one of the many reasons people choose a payday loan. Traditional loans can involve a drawn-out process involving documents, e-mails back and forth, and possibly even an appointment at a bank. Thankfully, none of this will be necessary at Payday UK. Another great reason to use Payday UK is the amount of time it saves you. Not only do we make the process quick and easy, but we search our industry-leading panel of lenders for you, so you know you’re getting the best deal for your circumstances.