Compare Payday Lenders

We've done the hard work and compiled a list of all the UK Payday lenders in an easy to read table.

Consumers looking for the best payday companies in the UK have a wide choice of different online services they can use to compare the offers made by lenders in the sector.

Short-term credit comparison websites work by matching the details they receive from their users to the various offers currently available from competing companies.

Comparison sites have long been established in other financial sectors, including insurance, mortgages, and longer-term loans.

In this article, we have compiled a list of the most popular reputable Financial Conduct Authority-approved payday lenders.

All of these companies can provide consumers with a loan based upon their own particular financial and personal circumstances.

In order to show you typical loan offers made by these companies, we have recently carried out research with the goal of allowing you to compare payday lenders without necessarily having to make an application to one of them.

As part of our research, we’ve compiled the following list of short-term credit providers in the UK by the length of time a consumer could pay back their loan, the APR offered, amounts available, and the repayment among for each £100 borrowed.

 
LenderLoan AmountLoan TermRepayment for £100
SafetyNet Credit logoMinimum 100 Maximum 500Minimum Term No Min. Maximum Term No Max.0.8% per day

Representative APR

68.7%

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Pounds to Pocket LogoMinimum 200 Maximum 2000Minimum Term 6 Months Maximum Term 12 Months£112.50

Representative APR

278.2%

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QuickQuid LogoMinimum 100 Maximum 2000Minimum Term 1 Month Maximum Term 3 Months0.8 per day

Representative APR

1299.1%

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Mr LenderMinimum 100 Maximum 1000Minimum Term 1 Month Maximum Term 6 Months£124

Representative APR

1244.2%

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Payday UKMinimum 100 Maximum 1000Minimum Term 15 Days Maximum Term 5 Months£124

Representative APR

1192%

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MyJarMinimum 100 Maximum 1000Minimum Term 1 Month Maximum Term 12 Months£124

Representative APR

1270%

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lending_stream_logo_purpleMinimum 50 Maximum 1500Minimum Term 1 Month Maximum Term 6 Months£124

Representative APR

1271%

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Wageday AdvanceMinimum 80 Maximum 750Minimum Term 21 Days Maximum Term 57 Days£124

Representative APR

1223.6%

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Satsuma LoansMinimum 100 Maximum 1000Minimum Term 13 Weeks Maximum Term 52 Weeks£143.1

Representative APR

1575%

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118 Money LogoMinimum 100 Maximum 5000Minimum Term 12 Months Maximum Term 24 Months£124

Representative APR

99.99%

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Ferratum Lender logoMinimum 50 Maximum 500Minimum Term 7 days Maximum Term 4 months£124

Representative APR

1270%

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CashFloat LogoMinimum 200 Maximum 1100Minimum Term 13 Weeks Maximum Term 52 Weeks£122

Representative APR

997%

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Pounds till payday logoMinimum 150 Maximum 1000Minimum Term 1 Month Maximum Term 2 Months£124

Representative APR

1292%

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Why do you need to compare payday loan offers?

You need to compare payday loan offers to make a decision that’s informed and right for you.

If you take out a short-term loan, you should do so responsibly, and you should be certain that you can meet your loan repayment obligations.

It is important to perform a full payday loan comparison because the cost of credit might be affordable from one payday company but not another.

Without taking their time to find the right solution for you, you may end up paying more than you need to and find yourself getting into financial difficulty later on.

What information should you consider before applying for a loan?

The important information you should consider before comparing payday loans is: how much you are going to pay back when you have to pay it back, and whether it’s affordable for you.

High-cost credit options are not designed as a long-term financial solution.

They are there to help out in emergency situations that you may not have budgeted for – like a car breaking down, funeral expenses and replacement white goods for the home.

If you feel that you are in financial difficulty, you should contact the Money Advice Service.

Applicants for a payday loan should:

  • only borrow the exact amount of money they need for the situation they find themselves in, and
  • look at the pros and cons of any offers made by a lender so that they secure themselves the best deal for them.

Aspects to consider include the cost per £100 borrowed and any additional fees (for example, application fees, default fees, and early repayment fees) an applicant may have to budget for.

It’s important to consider every potential and applicable charge involved in taking out money until the following payday.

How do you know if a loan repayment is affordable?

You will know if a loan repayment is affordable if you can comfortably meet the repayments within their monthly budget. A monthly budget is used to work out the spare cash you have after all your regular bills have been repaid.

If you work out that meeting a repayment might put you into further financial difficulty, it is worth considering taking out a longer-term loan instead (for example, between 2 months and 6 months).

Although you will pay back more in interest over a longer-term loan, you will be able to afford to make the repayments without having to put yourself through unnecessary hardship.

 

Payday loan application form button

What features make a payday loan best for you?

Features that make a best payday loan option are:

  • Quick access to the cash required – money can be transferred into a borrower’s accountant within minutes of a loan being approved and the online paperwork signed
  • No hidden fees and charges – under Financial Conduct Authority rules, all fees and charges you may have to pay must be told to you in advance
  • Early repayment – many payday lenders allow you to pay off your loan early meaning that the amount you pay in interest for your loan decreases
  • Capped repayments – you can never be charged more in fees than the amount of the loan you take out. For example, if you take out a £500 loan, you will never pay back more than £500 on top of the loan in interest, fees, and charges.

The requirement to follow these rules has recently been extended to 2020, according to a report by Money Marketing.

Should I look at payday loan comparison for direct lenders only?

It’s not just a “yes” or “no” answer.

You should always compare direct lenders if you want to get the best offer for you.

If you have your mind set on applying directly with a lender, choose carefully using the table above for comparison.

Only applying directly to one lender may put you at a disadvantage. The best payday loans for bad credit can often be found by using a credit broker service, like CashLady.

With a broker, you complete a single application form.

The broker will then take that information and share it with their panel of lenders (a panel of lenders are the credit providers a broker will introduce a borrower to).

A hard credit search is not usually performed when you use a broker. The credit broker will then come back to you with an offer from a lender who they believe offers the best option with the most advantageous terms.

If approved and if you would like to proceed with your loan application, a credit search will usually be performed by the lender.

Brokers like CashLady do not charge a fee for their services. When you apply through a broker, the interest charges you pay will be the same as if you had approached the lender directly.

Brokers are paid by their panel of lenders for each enquiry they present, regardless of whether you take out a loan or not

Compare Payday lenders on CashLadyHow to compare payday loans for bad credit?

You can compare best payday loans for bad credit by using the table above however it’s important to know that each lender has their own “profile” when it comes to choosing the applicants they want to lend money to.

A “profile” contains details like preferred credit scores, preferred spare cash at the end of each month, and what level of missed payments they’re happy to accept.

If you apply to loan provider after loan provider, it may take you three or four attempts to find a lender whose profile matches your personal and financial circumstances.

This creates another issue – each lender will do their own credit search and the more credit searches there are on your file, the less likely a lender is likely to want you to advance you money until your next payday, even if you fit in their target profile.

Because brokers know each lender’s preferred profile, they will be able to send your application to the most suitable short-term credit company when they have your details

Compare payday loans with no credit check?

Comparing payday loans with no credit check involved is a sensible move however you will have trouble finding a reputable lender prepared to do this for you.

You should take care only to deal with Financial Conduct Authority-licensed lenders and brokers.

As part of their commitment to responsible lending, any licensed lender or broker must carry out credit checks as part of your application with companies like Experian and CallCredit.

 Payday lender comparison – Summary

You can compare payday lenders yourself.

However, it will take time and, because you can’t be sure whether a lender you apply to will say “yes”, you might end up not getting the loan you need and you will have a number of recent searches on your credit report.

You can use the table showing different offers from different loan providers on this page.

Alternatively, you can apply to a broker like CashLady to provide you with the payday loan comparison you want only from the best payday lenders who are happy to have you as their customer.

Find out More in our Payday Guides