• How Much Can I Borrow?
• How Much: Secured Loan?
• How Much: Unsecured Loan?
• How Much: Remortgage?
• How Much: Payday Loan?
• How Much: First Time Buyer?

Loan Calculator
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Loan Term:	1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years 23 years 24 years 25 years
Interest Rate (APR):	5% 5.2% 5.4% 5.6% 5.8% 6% 6.2% 6.4% 6.6% 6.8% 7% 7.2% 7.4% 7.6% 7.8% 8% 8.2% 8.4% 8.6% 8.8% 9% 9.2% 9.4% 9.6% 9.8% 10% 10.2% 10.4% 10.6% 10.8% 11% 11.2% 11.4% 11.6% 11.8% 12% 12.2% 12.4% 12.6% 12.8% 13% 13.2% 13.4% 13.6% 13.8% 14% 14.2% 14.4% 14.6% 14.8% 15%
Monthly Payment:

How Much Can I Borrow With a Payday Loan?

What is a Payday Loan?

If you need a small amount of money quickly, then a Payday loan could be the answer. Payday Loans are a kind of cash advance and are specifically designed to provide a way of bridging the gap between now and your next pay day.

How much can I borrow?

With a Payday Loan you can borrow between £80 and £1000 depending on your circumstances, and if you are accepted, you could have the funds in your bank account within 24 hours, sometimes even the same day. You then have until your next pay day to repay the full amount, approximately 30 days. The amount you will be offered will depend on the information you provide the Payday loan company with on application.

What can I use a Payday Loan for?

Some people may find themselves a bit short one month, which can be very inconvenient if you are paid on a monthly basis. This can be for a variety of reasons. They may have had an unexpected bill for essential car or home repairs, emergency dental treatment or had an expensive month because they were paying for their wedding. However it could also be used to make a down payment on a car or holiday, or buy a new fridge freezer for your kitchen. Whatever the reason, you can apply for a Payday loan which will tide you over until your next pay day.

Who can apply for a Payday Loan?

Being a bit strapped for cash occasionally can affect most people at some point, even those on a good salary. A Payday Loan is a possibility for anyone. Homeowners, tenants and even those who'd need a bad credit loan could all be eligible for short term help with their finances. However you must be in current employment, be over 18 years old and live in the UK to apply. You must also have a bank account for the money to be paid directly into.

A Payday Loan example

You have had to place a deposit on the cost of the venue for your wedding reception. This leaves you £100 short for the rest of the month. You apply for and receive a Payday Loan for £100 to cover this shortfall. When you get paid in 3 weeks time the £100 loan will be retrieved directly from your bank account along with a £29 interest charge. This charge will vary between lenders, but is a typical amount.

The advantages to a Payday Loan include:

• Not having to go through a lengthy loan application with a bank or building society.
• Access to the money is very fast compared to unsecured and secured loans which can take days or weeks.
• They won't check your credit history to determine to approve the loan, you just need to be employed.
• Payday loans are only short term.

The disadvantages of a Payday Loan are:

• They do carry a very high interest rate, because they are short term loans.
• If you cannot repay your Payday Loan within the repayment period of 28-31 days, you will incur a higher charge.
• It's a quick fix solution. Fine as a one-off, but it could become a difficult habit to break and could prove to be expensive if you learn to rely on them.