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Payday loans explained

How payday loans work

Payday loans provide you money and peace of mind, just when you need it! More financial freedom - ranging from emergency child care to paying for a plumbing issue just before payday.

I would like to know...

How do I get a payday loan?

Borrowing from PaydayUK is simple! We give quick online decisions, normally without the need for faxes or post§

We will advise you if you have been approved subject to passing our credit reference checks and affordability assessments.

All you need to do is:

  • Fill in our fast application form
  • If you are approved, then enter your bank account details (so we can pay you) and debit card details (so you can repay us)
  • Your pre contract information and loan agreement will be displayed online for you to carefully read and sign.

Apply Here

Are payday loans right for me?

Payday loans can help with various types of financial emergency. You can:

  • Pay those 'Final Demand' bills
  • Organise emergency child care for your children
  • Pay your MOT repairs - just in time!

Just make sure you can afford to repay your loan on your next payday.

How much money can I borrow?

You can borrow from £100-£1000 depending on your circumstances. To find out how much you can borrow complete our payday loan application form today!

We charge £29.95 per £100 borrowed - nothing more! There are no arrangement fees to set up the loan and no hidden charges - That's a promise! If you fail to repay your loan you may have to pay a default fee and additional interest.

How do I repay my payday loan?

Repaying your payday loan could not be easier.

We simply debit the payment from your debit card on your payday for the agreed amount - no fuss and nothing further for you to do.

Can I extend my payment?

We may agree, subject to our credit criteria and affordability assessment and only if requested by you, to renew your loan (when renewing your loan, PaydayUK will issue you with a new agreement).

You should consider very carefully that short term or payday loans should only be used for short term financial needs and are not appropriate for longer term borrowing or if you are in financial difficulty. You must advise us if your circumstances have changed.

If we do agree to allow you to renew your loan, we will, as responsible lenders, only allow you to renew a maximum of two times by paying the interest only. To do so, you will have to repay the interest owing on the loan you have with us. On your following payday, you will have to repay the original amount borrowed and a further months interest. You may, if you choose, repay not only the interest owing but some additional money off your balance. If you choose to do this, interest will only be charged for a further month on the reduced balance. You will therefore, in this instance, repay the reduced balance plus interest on your next payday. If we do not believe it is appropriate to your circumstances to agree to an extension of your loan, our agents will discuss other repayment options with you.

Please call us on 0871 271 6111 (Call charges apply - 10p per minute from BT landlines, mobiles and other providers may vary) for more information or click the Instant Messaging Support button.

Please note. If you fail to sign your agreement the deferral will be cancelled and full payment will be taken on your original due date by using the continuous authority on your debit card you provided us with when you signed your loan agreement, the details of which are clearly set out in your agreement, including when we may make attempts and the amounts these attempts may be for.

What if I am an existing PaydayUK customer?

Existing customers are provided with an Existing Customer Login and may apply there directly, meaning even less hassle!

Apply By Phone

Apply by phone
0800 280 25002

Our friendly staff are waiting to answer your call. Please quote PDUK when you apply by phone.

Your Credit Rating

We use credit reference agencies

We work with nationally recognised credit reference agencies, which may help you improve your credit rating.

Your credit rating...

No Hidden Charges

PaydayUK have no hidden charges

We charge £29.95 per £100 borrowed and have no hidden up front charges.


Payday Calculator

PaydayUK payday loan calculator

Need cash? Calculate the amount you will need to repay using our online payday loan calculator.

Use our calculator now

[§] Occasionally we will be unable to confirm all details automatically. Should this be the case we will ask you to provide further documentation to complete your application.

Warning: Late repayment can cause you serious money problems. For help, go to money advice

Representative Example: ³£275 borrowed for 28 days. Annual interest rate of 359.40% (fixed). Total amount repayable by one repayment is £357.36. 3361% APR Representative.

Existing customers

  • Get a new payday loan
  • Manage your account
  • Check your balance
Account Login

Apply by phone

Please quote PDUK when you apply by phone.)

0800 280 25002

Short term loans should only be used for short term financial needs and are not appropriate for longer term borrowing or if you're in financial difficulty


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