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£400 loans with an instant decision quote
£400 borrowed over a term that suits you, from lenders who consider every credit history.
What happens after I click?
- You complete one short, secure form.
- A soft search checks your eligibility. Your credit score isn't affected.
- No one will call you.
- If accepted, you see your offer and choose whether to accept.
- We do not charge you a fee for using PaydayUK.
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Representative example: Amount of credit: £500 for 6 months at £100.22 per month (final payment £100.21). Total amount repayable of £601.31 Interest: £101.31 Interest rate: 66.49% pa (fixed). Representative 91% APR. Rates between 9.3% APR and maximum 1292.1% APR - your no-obligation quote and APR will be based on your personal circumstances. Credit broker, not a lender. Payday UK (Payday Loans Ltd) is an appointed representative of Flux Funding Limited, which is authorised and regulated by the FCA (FRN 806333).
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£400 loans
Can I get a £400 loan online with Payday UK?
You can apply for a £400 loan online at any time of day.
Payday UK is a credit broker, not a direct lender. One application searches our full panel of FCA-authorised lenders, so more lenders see your details than if you applied to each one yourself.
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Payday UK can also help you find payday loans from £50 to £5,000.
£400 usually pays for one larger repair or replacement. Typical examples are a new fridge or washing machine, an emergency plumber, or a garage bill after a failed MOT. Few people can clear that from one wage, so lenders spread it over months.
Check eligibility Soft search. Won’t affect your score
Apply now
Enter an amount in pounds, from £50 to £5,000.
Will I be approved?
We know you need your money as soon as possible. Check where you stand in 3 minutes with a soft search that leaves no mark other lenders can see.
Check eligibility Soft search. Won’t affect your score
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How much does a £400 loan cost?
The cost of a £400 loan depends on the APR the lender offers and the term you choose.
On £400, a month of interest is a noticeable sum, so the term matters more than at £100 or £200. How APR works explains why the percentage looks high.
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PaydayUK lenders offer rates ranging from 9.3% to 1,292.1% APR depending on these individual circumstances.
Because £400 is repaid over months, the term drives the cost. The shortest term has the biggest instalments but the smallest total. Each extra month adds interest. For a full comparison of terms, see instalment loans.
Check eligibility Soft search. Won’t affect your score
Representative example: Amount of credit: £400 for 6 months at £80.17 per month (final payment £80.20). Total amount repayable of £481.05 Interest: £81.05 Interest rate: 66.49% pa (fixed). Payday UK is a registered trading name of Payday Loans Ltd, who are an appointed representative of Flux Funding Limited, who are a credit broker, not a lender. Registered in England and Wales (Company number 12430457 / FRN 921539).
What should I consider before I apply for a £400 loan?
£400 will take several months to repay, so check these points before you apply:
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? There are other ways to borrow money that may cost less, such as a payment plan with the company you owe or an advance from your employer.
Do you understand the total cost? Compare the total repayable on each offer, not the monthly figure. The representative example is a useful guide.
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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, independent debt help
If you already struggle with existing debts, get free advice before you apply. Speaking to an adviser is confidential and does not affect your credit file.
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MoneyHelper
Free, impartial money and debt guidance, backed by government, including a debt advice locator.
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StepChange
Free, confidential debt advice and managed debt plans, online or over the phone.
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National Debtline
Free, independent advice on dealing with debts, with fact sheets and sample letters.
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Citizens Advice
Free help with debt, benefits and housing, in person, by phone or online.
0800 144 8848 (England; Wales 0800 702 2020)
If you're unsure whether borrowing is right for you, our eligibility criteria page explains who lenders can consider.
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.
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Apply online
Fill out our short, secure form and search a panel of FCA-regulated lenders to see the offers available to you.
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Check your offer
Once you have your offer from the lender, you can review the offer and get your cash.
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Get your money
Once accepted, your money can often be paid into your account the same day.
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£400 loan amounts and terms
Check eligibility Soft search. Won’t affect your score
Representative 91% APR.
Loan guides
These guides will help you find out more about the different types of loan and lenders available.
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What to compare beyond the APR, from the total you'll repay to what happens if a payment fails.
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Understand Annual Percentage Rate and how it affects your loan costs.
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Avoid scams and find FCA-authorised lenders. Learn the safe way to apply online.
Frequently asked questions about £400 loans
Can I get a 400 bad credit loan even with a poor credit history?
Approval is never guaranteed, but you may still get a 400 bad credit loan with a poor credit history. Some lenders on our panel specialise in imperfect credit and look at whether you can afford the repayments now. Very recent bankruptcy, an active IVA without permission or several ongoing defaults may still limit your options.
How quickly will I receive the £400 if approved?
Many approved customers receive a £400 loan the same day, once the lender approves them and they sign the credit agreement. It can take until the next working day, depending on when you apply and your bank. Weekends and bank holidays can be slower, and your lender will confirm the timeframe.
What are the repayment terms for a £400 loan?
Repayment terms for a £400 loan run from 3 to 36 months, depending on the lender and what you prefer. Shorter terms mean higher monthly payments but less interest overall, while longer ones such as 12 month loans cost more in total. Most lenders collect repayments by direct debit on a date you agree.
What happens if I can't make a repayment?
If you can't make a repayment on your £400 loan, contact your lender straight away, as many will work with you to find a solution. Missed payments lead to fees, damage your credit score and can make things worse. Free debt advice is available from MoneyHelper and StepChange if you're struggling.
Can I repay my £400 loan early?
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.
Can I extend a £400 loan if I need longer?
Only twice. A lender may refinance the same loan a maximum of two times, and it has to check it is affordable each time. Refinancing is not a way out of a loan you cannot afford - it costs more overall, and if that is where you are, free debt advice will help more than another agreement.
What if I need less than £400 or more than £400?
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.
