Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Choose your loan amount on the slider below to get started.
You are borrowing £100 + interest & fees of £28 = Total £128*
*Example only using 35 days loan duration, lenders fees may vary
**Individual Lenders APRs may vary. Please check your loan agreement for the actual APR
£200 borrowed for 35 days. Annual interest rate of 292% (Fixed). Total amount payable is £256. 1212%APR Representative
A payday or short term loan is a small, cash advance that is intended to cover an unforeseen circumstance until your next pay day. Short term and Payday loans generally range from between £50 and £1,000, depending on the particular lender and your own affordability to pay back the loan.
We work with a number of short term lenders to find a solution for you. The interest rates may seem high compared with other credit options, as they are displayed as an annual interest rate. However you will typically pay back £24 for every £100 borrowed.
Payday and short term loans can be a lot cheaper than unauthorised bank charges so they may be a better option than going overdrawn, and may be less liability than a credit card, if managed correctly and paid back on time.
*In some circumstances the lender may need to speak to the applicant and the guarantor.
Before you take out a Payday or Short Term loan, you need to ask yourself whether borrowing money is the right thing for you. If you can cut down on your spending or put off buying something until you’ve saved for it, do that. If you are borrowing money to make repayments on other loans and debts, you may be in a vicious circle and it might not be the best thing to do. If you think you need help with your debts, you can contact the Step Change Debt Charity service at www.stepchange.org who will provide free and impartial advice. Or you can visit My Debt Management Broker to see fee charging options for managing your debts.