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Our broker works with a whole host of lenders that offer £400 loans. Complete our brokers online applicaiton to get an instant decision.
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There are times when we could all do with a little extra help. Payday loans are designed to provide you with the additional funds you need when an emergency happens. Instant decisions and fast payouts are available from lots of lenders.
A £400 loan could provide the extra funds you need to reach the end of the month without missing any payments. Flexible repayment terms allow you to design a £400 loan that perfectly suits your needs even if you have a low credit score.
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The online Eligibility Checker is free and takes 60 seconds. Find out if you’ll be approved with no credit footprint.
Check Eligibility£400 Loans
Need £400 quickly for an unexpected expense? PaydayUK connects you with FCA-regulated lenders who specialise in mid-range short-term loans. Whether it’s a broken boiler, urgent car repairs, or an unexpected bill, our industry-leading panel can help you find a £400 loan that fits your circumstances.
We’re a credit broker, not a direct lender. This means one application searches our entire panel of FCA-authorised lenders, giving you more options and better approval chances than applying to single lenders individually.
Over 1 million customers have used PaydayUK since 2020, and we process over 7,500 daily quotes for people just like you. Our soft credit check won’t affect your score whilst you explore your options.
We’re completely transparent about costs, and we never charge you any fees. If you’re approved, most customers receive their funds the same day.
What Are £400 Loans?
A £400 loan is a mid-range short-term borrowing option designed to cover moderate unexpected expenses without over-borrowing. This amount sits in the sweet spot between small emergency loans (under £300) and larger borrowing commitments (£500 and above).
These loans typically come with repayment terms between 3 and 12 months, letting you spread the cost in manageable monthly instalments.
You might consider a 400 loan for situations like:
● Urgent home repairs that can’t wait
● Essential car maintenance to keep you mobile for work
● Replacing a broken appliance
● Covering an unexpected veterinary bill
● Managing a financial gap between paydays
Unlike traditional bank loans that can take days or weeks to process, £400 loans through PaydayUK’s broker service offer quick decisions and fast funding. Most approved applications receive money the same day.
The key difference between using a broker like PaydayUK versus applying directly to a single lender is simple. We search multiple FCA-regulated lenders with one application, whilst a direct lender can only offer you their own product. This means better approval chances and more competitive options for your specific circumstances.
For those needing slightly different amounts, you might also consider £500 loans for larger expenses or £200 loans if your needs are more modest.
How £400 Loans Work Through PaydayUK
Getting a £400 loan through PaydayUK is straightforward. Here’s what happens when you apply:
Step 1: Complete our online application. You’ll answer basic questions about your circumstances, income, and borrowing needs. This takes about 2 minutes and can be done on any device, any time of day.
Step 2: We search our lender panel. Our technology instantly searches our industry-leading panel of FCA-regulated lenders using a soft credit check. This doesn’t affect your credit score and gives you results within minutes.
Step 3: Review your matched lenders. If lenders are available for your circumstances, you’ll see their offers including exact costs, repayment terms, and monthly payment amounts. Take your time comparing options with no obligation to proceed.
Step 4: Choose your preferred lender. Found an offer that works for you? Select it and you’ll be directed to complete the lender’s own application process. They’ll perform their full credit and affordability checks at this stage.
Step 5: Receive your funds. Once the lender approves your application, they’ll transfer the £400 directly to your UK bank account. Most approved customers receive their money the same day, often within hours.
The entire process from starting your application to having money in your account typically takes just a few hours for approved applications. You maintain control throughout, with the freedom to decline any offer that doesn’t suit your needs.
How Much Does a £400 Loan Cost?
Being upfront about costs is important. Short-term loans carry higher APR rates than traditional bank products, reflecting their shorter borrowing periods and accessibility for varied credit profiles.
Representative Example
If you borrow £400 over 6 months with a representative 91% APR, here’s what you’d pay:
● Amount borrowed: £400
● Repayment term: 6 months
● Monthly payment: £85.44
● Total repayable: £512.64
● Total cost of credit: £112.64
Why APR Rates Vary
The APR you’re offered depends on several factors:
● The specific lender matched to your profile
● Your credit history and current circumstances
● Your income and affordability assessment
● The repayment term you choose
● Current market rates
PaydayUK lenders offer rates ranging from 9.3% to 1,721% APR depending on these individual circumstances.
FCA Interest Rate Caps
All lenders in our panel follow FCA regulations including the price cap introduced in 2015:
● Maximum 0.8% interest per day on the amount borrowed
● Maximum £15 default fee if you miss a payment
● Total cost cap of 100% means you’ll never pay back more than double what you borrowed
For a £400 loan, this cost cap means your maximum total repayment would be £800 (the original £400 plus a maximum of £400 in interest and fees). Most loans through our panel come in well below this cap.
Many lenders allow early repayment without penalties, potentially saving you interest charges if you pay off your 400 pound loan ahead of schedule. If you’re considering different repayment periods, comparing a 3 month loan against longer terms can help you understand the trade-off between higher monthly payments and lower total interest costs.
Who Can Apply for £400 Loans?
To apply for a £400 loan through PaydayUK’s panel of lenders, you’ll need to meet some basic eligibility requirements.
Basic Requirements
● Age: 18 years or older
● Residency: UK resident with permanent UK address
● Income: Regular source of income (£500+ monthly typical minimum)
● Bank account: Active UK bank account open 3+ months
● Contact: Valid email and UK mobile number
Credit Considerations
Past credit difficulties won’t automatically disqualify you. Our panel includes lenders who specialise in helping people with imperfect credit histories. They focus on your current affordability rather than just your credit score.
However, lenders typically can’t help if you’re currently bankrupt, in an active IVA or DMP without permission, or have multiple recent loan applications.
Affordability assessment: All lenders must verify you can afford the repayments without experiencing financial difficulty. This is an FCA requirement to protect borrowers from unmanageable debt.
If you’re experiencing serious debt problems, please contact MoneyHelper for free guidance before applying for any loan.
If you’re concerned about credit history affecting your chances, you might find it helpful to explore bad credit loans which connect you with lenders who look beyond past credit issues.
Why Use a Broker Like PaydayUK?
You might wonder why using a credit broker makes more sense than applying directly to a lender. Here’s what makes PaydayUK different:
● Multiple lenders, one application: Rather than filling out separate forms for different lenders and hoping one accepts you, our single application searches our entire panel. This saves time and increases your chances of approval.
● Save time comparing: Instead of researching individual lenders and applying to each one hoping for acceptance, you get matched results in minutes. This is particularly valuable when you’re dealing with an urgent situation.
● Protect your credit score: When you apply directly to multiple lenders, each performs a hard credit check that appears on your file and can lower your score. Our initial search uses only a soft check that’s invisible to other lenders.
● Zero fees ever: We never charge you application fees, broker fees, or admin charges. Our service is completely free to you. We’re paid a commission by lenders when you successfully complete a loan.
● FCA protection: Every lender in our panel is fully authorised and regulated by the Financial Conduct Authority. You’re not choosing between regulated and unregulated options.
● Industry-leading panel: PaydayUK has helped over 1 million customers since 2020 precisely because this broker model works. Our 4.7 out of 5 star Trustpilot rating (from 6,281 reviews) reflects genuine customer experiences.
For those seeking flexible repayment options, instalment loans through our panel offer structured payment schedules over 3 to 36 months.
What to Consider Before Applying
Before you apply for a £400 loan, take a moment to think through these important points:
● Do you genuinely need to borrow? Consider whether this expense is truly urgent or if you could wait and save instead. Borrowing always costs money in interest.
● Can you afford the repayments? Work out your monthly income and regular expenses. The loan repayment needs to fit comfortably within what’s left. If meeting the monthly payment would mean skipping other bills, the loan isn’t affordable right now.
● Have you considered alternatives? Could you arrange a payment plan directly with who you owe money to? Might family or friends help interest-free? Do you have items you could sell? Is your employer willing to provide an advance?
● Do you understand the total cost? Make sure you know exactly how much you’ll repay in total, not just the monthly amount. Use our representative example as a guide.
If you need more than £400, explore whether a £500 loan might better suit your situation. If you need less, borrowing a smaller amount means paying less interest.
Free Debt Support Resources
If you’re unsure about any aspect of borrowing, or if you’re already struggling with existing debts, please reach out to free debt advice services before applying:
● MoneyHelper: moneyhelper.org.uk or 0800 138 7777
● StepChange: stepchange.org or 0800 138 1111
● Citizens Advice: citizensadvice.org.uk
These organisations provide expert guidance at no cost and can help you understand all your options.
How PaydayUK Protects You
When you use PaydayUK to find a £400 loan, several layers of protection ensure you’re treated fairly and safely:
● FCA authorisation: PaydayUK operates as an Appointed Representative of Flux Funding Limited (FRN 806333). Our FCA reference number is 921539. This means we must follow strict rules about how we treat customers.
● Data protection: We’re registered with the Information Commissioner’s Office (ICO registration ZA654345) and follow GDPR requirements for handling your personal information.
● Secure application: Your data is encrypted using bank-level 256-bit SSL encryption during transmission and stored securely.
● Credit score protection: Our initial eligibility check uses a soft search that doesn’t impact your credit score. Only if you choose to proceed with a specific lender will a hard credit check be performed.
● Right to withdraw: If you change your mind about a loan after accepting it, you typically have 14 days to withdraw from the agreement under the Consumer Credit Act.
These protections exist because we’re a regulated broker operating within proper legal frameworks, not a lead generation service selling your data to the highest bidder.
The Application Process
Applying for a £400 loan through PaydayUK is designed to be straightforward. Here’s exactly what you need and what happens at each stage.
What You Will Need
● Personal details: Name, date of birth, current address (plus previous addresses covering last 3 years)
● Contact information: Email address and UK mobile number
● Employment details: Employer name, job title, monthly income
● Bank details: Sort code, account number, valid debit card
● Monthly expenses: Housing costs, bills, existing credit commitments
Timeline
● Application: 2 minutes to complete our secure online form
● Matching: Instant soft search of our lender panel
● Decision: 2-5 minutes to see matched lenders
● Funding: Same-day transfer available for approved applications
After You Apply
Once you submit your details, our technology searches through our panel of lenders to find those whose criteria match your circumstances. You’ll see results showing which lenders are available and their specific offers.
Take as long as you need to review the matched lenders. Compare their APRs, monthly payments, total repayable amounts, and any terms. There’s no pressure and no obligation to accept any offer.
When you select a lender, you’ll be directed to complete their specific application. They’ll perform a full credit check at this point (which will appear on your credit file) and conduct their affordability assessment.
If the lender approves you, they’ll send you a credit agreement to sign electronically. Once signed, they’ll transfer the £400 to your bank account, typically within hours.
If you’re exploring different repayment periods to find the most affordable option, understanding how 6 month loans compare to shorter or longer terms can help you make an informed choice.
Ready to Check Your Eligibility?
A £400 loan could help you handle that unexpected expense without the stress of waiting weeks for traditional bank approval. PaydayUK’s broker service gives you access to an industry-leading panel of FCA-regulated lenders through one simple application.
Our soft credit check protects your score whilst you explore your options. There are no fees from PaydayUK, and you’re under no obligation to accept any offer you receive.
Join the over 1 million customers who’ve used PaydayUK since 2020 to find the right short-term loan for their circumstances.
How it Works
We know you need your money as soon as possible. That’s why we have designed our website to be fast and simple.
Apply Online
Fill out our short, secure form and search an industry-leading panel of lenders to find your loan.
Check Your Offer
Once you have your offer from the lender, you can review the offer and get your cash.
Get Your Money
Once accepted, your money can often be paid into your account the same day.
Frequently Asked Questions About £400 Loans
As a loan introducer, we integrate with our broker partner who compares offers from an industry-wide panel of lenders to make sure you get the best £400 loan for you. Lenders look at your circumstances. The process of applying for a £400 loan is simple, secure and quick. The funds for £400 loans are often in your bank on the sameday.
The whole application process is designed to be as quick and straightforward as possible. You can apply on any device, including your smartphone. There is no additional paperwork, and you will get an instant decision. We introduce more than 7500 customers for a loan every day^.
When you apply, our lenders perform a soft credit check so that it won’t affect your credit rating. If you accept a loan offer, the lender is required by the FCA to perform a full credit check. However, if you already know you’re going to be accepted, it won’t impact your credit score. If you make all the repayments on time, it will improve your credit score.
Yes, it’s definitely possible. Our panel includes lenders who specialise in helping customers with imperfect credit histories. These lenders understand that past financial difficulties don’t necessarily reflect your current ability to repay a loan.
They’ll focus on your current income, your regular expenses, and whether you can afford the repayments now, rather than just looking at your credit score. That said, very recent bankruptcies, active IVAs without creditor permission, or multiple ongoing defaults may still limit your options.
The best approach is to apply and see which lenders in our panel are willing to consider your specific circumstances.
Most approved customers receive their money the same day they apply. Once a lender approves your application and you’ve signed the credit agreement, they’ll transfer the funds to your UK bank account.
This typically happens within a few hours, though it can sometimes take until the next working day depending on when you apply and your bank’s processing times. Applications made on weekends or bank holidays might take slightly longer.
The lender will give you a specific timeframe when you accept their offer.
Repayment terms for a £400 loan typically range from 3 to 12 months, depending on the lender and what you prefer.
Shorter terms (3 months) mean higher monthly payments but less interest paid overall. Longer terms (6-12 months) mean lower monthly payments but more interest over the full loan period.
The exact repayment schedule will be clearly shown before you accept any offer, so you’ll know exactly what you’re committing to. Most lenders set up repayments as automatic monthly payments from your bank account on a date you agree to.
No. PaydayUK is completely free. We never charge you application fees, broker fees, admin charges, or any other costs.
We’re paid a commission by lenders when you successfully complete a loan, so our income comes from them, not from you. The only costs you’ll pay are to the lender you choose (their interest and any applicable charges), and these will be clearly displayed before you accept their offer.
There are no surprises and no hidden charges from us.
If you’re struggling to make a repayment, contact your lender immediately, before you miss the payment if possible. Most lenders will try to work with you to find a solution, which might include rearranging the payment schedule or offering a temporary payment holiday.
However, missing payments without contact can lead to late payment fees (capped at £15 by FCA regulations), additional interest charges, negative marks on your credit file that last up to 6 years, and potential collections activity.
If you’re experiencing financial difficulty, organisations like StepChange (0800 138 1111) offer free debt advice and can help you communicate with lenders.
Many lenders in our panel allow early repayment without penalties, which can save you money on interest charges. However, this varies by lender, so you’ll need to check the specific terms of your loan agreement.
Some lenders might charge a small early settlement fee, whilst others actively encourage early repayment as it demonstrates responsible borrowing. If you think you might want to pay off your loan ahead of schedule, it’s worth asking about early repayment terms before accepting a lender’s offer.
No, you don’t need a guarantor for a £400 loan through PaydayUK’s panel. All the lenders we work with offer unsecured loans that are assessed based on your own income and circumstances, not on someone else’s willingness to guarantee your borrowing.
This means you can apply independently without involving friends or family members. If you’re specifically interested in borrowing without guarantor requirements, you might find our no guarantor loans page helpful.
PaydayUK’s lender panel offers loans from £50 to £5,000, so if £400 isn’t quite right for your needs, you have plenty of options.
If you need less, consider whether £200 or £300 would be sufficient. Remember, borrowing less means paying less interest. If you need more to fully cover your expenses, you can apply for amounts up to £5,000.
Just make sure you’re only borrowing what you actually need and can comfortably afford to repay.
Loan guides
These guides will help you find out more about the different types of loan and lenders available.
