WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

Instant Online Payday loans

The Best Payday Loans In Then Market

How much?

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Why Choose MoneyFall

Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Excellent
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

5 things that you need to know in making an Advance Payday Loan

A cash advance or an advance payday loan is are short term personal loans offered in small amounts for people who are caught up in unforeseen finances loans can come in all sizes as small as Loan for 50 or for those who need some temporary infusion of cash between paychecks. Ideally, they are the perfect emergency loans that offer quick cash relief that is simply not available in banks and other mainstream lending insitutions. If you are considering taking out a payday loan to address certain financial needs, here 5 things that you might want to know about them.

1.) Short-term, Advance, Small Loans For The Unemployed

Short-Term – Payday loans have relatively short grace periods usually 2-4 weeks or around the borrowers next payday. Depending on the lender and the terms that you have agreed, however, the loan can last more than a month but only in rare instances. Generally, they would require only a single payment unlike instalment loans which can be spread in multiple months.

Fast Unsecured Cash Advances

– Availing for a payday loan relieves you on finding an asset of value like a deed to a land or car, to offer as collateral. Collateral serve as insurance in the lenders part if the borrower decides to default from his payments. If the borrower defaults, the lender has the power to seize the collateral as the alternative form of repayment. Without any form of collateral as insurance, unsecured loans are therefore much riskier in the part of the lender and this is the reason why payday loans come with higher interest rates.

Relatively Smaller – The risk associated in payday loans is also the reason why there are often offered in small amounts because if the borrower decides to default then the lender won’t lose that much. However, these loans are generally large enough to cover unexpected finances but small enough to be paid back relatively quick and easy.

2.) There is a difference between an in-store and online Cash Advance

Obviously there is a clear difference between an in-store cash advance and those that are availed via online. With the in-store methods, you have the option to visit one of the lender’s offline stores and get the money that you have availed for personally. The whole process will ask about a mere 10-15 minutes of your time and loan payouts are often on-the-spot. If you don’t have the luxury of going to a nearby store, you can opt for online payday loans and experience online application in the convenience of your mobile phone, lap top, or personal computer. Once your online application is approved, the money that you availed for will be automatically deposited in your bank account typically by the next business banking day but can also be in the same day that you are approved.

3.) How much does a Cash Advance cost?

Depending on the lender, the cost of taking out a payday loan can vary. Normally you would have to pay £15 per £100 borrowed, which is an APR or annual percentage rate of 391.07 for a short-term, unsecured loan due in the next couple of weeks. But since the payment is one time, you won’t have to incur a 400% plus in interest rates as the APR suggests – not unless you will keep paying the £15 interest on your £100 loan for an entire year which is impossible in a payday loan.

4.) No Credit Checks Involved

It must be a sign of relief to hear that there are no credit checks involved when taking out payday loans especially when you consider the fact that it would be impossible to get a loan from a bank without undergoing strict credit checks. Indeed, when it comes to your application for this type of credit, your credit score, whether it’s pretty bad, won’t make much of an impact. As long as you have a reliable income, lenders can find a loan deal that can work well for both parties.

5.) Your transaction is confidential

Unless you deal with a broker, availing for a payday loan online is a good guarantee that your personal information is secured. If the company is an authorized lender by the FCA, loan transactions are confidential. All the information processed online will undergo a secure server and kept in secure data base.
Those were 5 of the things that you ought to know about payday loans. Lastly, always remember to take out this loan only when it is extremely necessary – in addressing emergency expenses like car repair bills and medical bills.

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.