Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
*We are an authorised credit broker not a lender

Online Loans

At My Payday Loan Broker, we keep things simple. Forget the hassle of filling in mounds of paperwork, our entire application process is completed online.

Over 25 years of experience

Same day approval**

No Guarantor Required

**Please note that although most people receive their loan funds within 1 hour, individual banks may require funds to be held for up to 3 days while the funds clear. For questions about this clearing hold, contact your bank.

Why Might You Need an Online Loan?

Reducing the fuss isn’t the only benefit of an online loan - they’re also considerably much faster. Usually, people need a short-term loan for emergency expenses, such as a home appliance which has stopped working or a vehicle breakdown, so waiting days for cash isn’t an option.

Unlike traditional bank loans, which can take up to three days for the funds to reach your account, our online loan application can be completed in minutes and the funds will be transferred into your chosen account same day as approval.

If you've had an unexpected cost, and need an online loan of up to £2000, My Payday Loan Broker can help you find the perfect lenders.

How Can We Help You Find an Online Loan?

As a broker, not a direct lender, we can connect you with our panel of reliable and reputable lenders in as little as 30 minutes. Rather than complete a number of applications to see if you're eligible, you only need to complete our short application form.

You can borrow between £100 and £2000, for up to 2 years. We only work with UK based lenders who practise responsible lending, and are authorised and regulated by the Financial Conduct Authority. This means that you'll know exactly how much you'll be repaying in total, your repayment amounts and repayment dates. You'll also never have to pay back more than twice what you borrow. You can apply online from the comfort and privacy of your own home avoiding any time-consuming queues and trips to the bank and have your money in your account the same day as approval.

You can find more information about our online loan process on our How It Works page.

Apply Now!

Payday Loans or Instalment Loans?

Both payday and instalment loans are types of short-term unsecured loans. Depending on how much you are looking to borrow, and for how long, you may need one or the other.

Payday loans are typically for smaller expenses, as you'd pay them back in one lump sum, generally your payday. If you borrow a larger amount, it can be hard to pay it back all at once. Whereas, instalment loans allow you to spread the loan term over months or years. This makes the repayments far more manageable. You can find instalment loan amounts of up to £2000 with My Payday Loan Broker, which can be repaid over up to two years.

With both types of short-term loan, you'll be able to make early payments to save money on interest without being charged a fee. We don't work with companies offering secured loans (loans which require collateral or a guarantor), only lenders who provide instalment and payday loans.

What is the Eligibility Criteria?

Before taking out credit, you'll need to make sure that you meet the eligibility requirements. Most short-term lenders have three main criteria for taking out a loan.

You'll also need a mobile phone and a UK bank account so that the funds can be paid into your bank.

Can I get a Loan with Bad Credit?

Credit checks are completed on all loan applications, however, even if you have a poor credit history we may still be able to help.The lenders we work with understand that any missed or late payments on your credit file lowering your credit score could be from years ago. As information stays on your credit file for six years, you could be penalised by banks or other conventional lenders for mistakes that aren't relevant. With My Payday Loan Broker, each application is assessed on an individual basis, and you don't need perfect credit to apply.

Credit reference agencies such as Credit Karma give you access to your credit report for free. You can improve your score by taking out credit and repaying it on time or early.

If you have good credit, you may look into other options, like bank and building society loans, or credit cards. However, it can be difficult to find flexible options. Typically, personal loans from banks and building societies are for larger amount, so you may end up borrowing more than you need, over a longer term and paying more in interest.

Before taking out any form of credit, it's important to consider whether it's the right option. If you are in long-term financial difficulty, borrowing money at a high interest rate can accumulate to owing more in the long run. If you’re unable to keep up with repayments, you may suffer serious money problems. We also don’t recommend borrowing more credit to repay existing creditors, as this can lead to a debt spiral. If you are looking for financial advice, or require help with your debts, companies like Step Change provide free impartial advice.

What is the Process?

To apply for a loan, simply fill in our online application form with your personal details, loan amount, employment information, income and expenditure and we’ll match you up with the right lender and get a loan decision as soon as possible. You can set repayment to either weekly, fortnightly, four-weekly or monthly - whatever suits you. With these simple and clear payment arrangements, it is more convenient than ever to repay loans online.

If approved, you'd expect to have the funds on your account within hours at no extra cost.

Apply Now!