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

Online loans £50 To £2000

The Best 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)

Getting To Know Cheap Payday Loans

There’s a silent battle between getting a payday loan or not as the advance carries a high-interest rate. However, it’s undeniable how handy it is especially during emergency situations and you can’t wait for the next paycheck to arrive. Therefore, it’s only fair to use the loan as an option when you can’t find anything else that would address your urgent financial dilemma. But before you take out cheap loans, it’s best to learn more about it first.

What Are Cheap Payday Loans?

Also known as a short-term loan, payday loans can be obtained on the same day you’ve applied. It’s rare for a bank to offer such service especially since payday loans demand only a few requirements. That being said, the loan is a very convenient and quick option for borrowers. But then again, it comes with a number of downsides that should be considered, too.

It’s no secret how exorbitant the rates are; aside from the principal amount, the loan seeker will also settle high-interest and charges (if applicable), thus making it a costly choice. Meanwhile, the amount that can be acquired is pretty small and can only be used on petty expenses or minor bills. In addition, the repayment term is short, which means you need to give the whole loan amount in full in the next two weeks or one month. Nevertheless, it’s a feasible option when you’re in a rush and have no time to submit a plethora of requirements. Often, it will only require the following:

–    Completed application form

–    Employment details

–    Valid bank account details

–    Social security number

–    Paycheck

why get cheap payday loans

Most personal loan providers will ask for a paycheck to secure cheap payday loans. It’s one of the payment methods used in this kind of advance. The check should contain the name of the lender or the company, the date for the amount to be encashed, and the total loan amount including the principal, interest rate, and charges. Another payment option is through bank debit. Once approved, you can grant the lender an access to your bank account so they can withdraw the repayment on the loan’s due date. This is a hassle-free repayment option since you don’t have to worry about the repayment anymore. Just be sure that your bank account has enough amount or else, you might settle charges for an overdraft.

Are Bad Credit Borrowers Welcome To Apply For Cheap Payday Loans?

Yes, borrowers with a bad credit rating or those who have no credit history can take the loan. What they can’t have, however, are cheap payday loans since bad credit advances often come with exorbitant interest rates. Also, they need to provide a proof of income in order to be qualified and it may come from regular employment, pension, or benefits.

With UK payday loans, there’s no need to provide collateral or a guarantor. It is easier since there’s no need to bother anyone you know just to cosign the loan or submit an asset as a security against it. Often, you just need to prove the lender that you are capable of giving their money back, plus the interest of course.

While you can apply for cheap payday loans in a traditional way – meaning, visiting their loan office and filling out a handful of paperwork; you can choose to go online instead.

All you need to do is look for cheap payday loans online to save yourself from high-interest rates, fill out an application form, wait for the verification call and the lender’s decision. Once approved, the money will be sent straight to your bank account.

Cheap payday loans have no restriction thus it can be used on almost anything. However, to ensure that you are being reasonable and practical for taking an expensive loan, it’s best to use it only when it’s necessary. Here are some smart ways to use the loan:

Debt Consolidation

Combining more than two debts is one way to use payday loans wisely. Although the loan is small to handle large bills, it can be used as an additional fund to merge credit card bills, utility expenses, and other debts.

Home Or Car Repair

You’ll never know when your car will break down but you should always be ready to have extra cash for repair expenses. In case your savings are not enough and you have no one to turn to, you can use cheap payday loans to address your repair-related bills. It’s also useful when a part of your home needs an instant fix – with payday loans, you don’t have to wait longer to have it repaired.

Covering Medical Expenses

Accidents and emergencies happen when you least expect it and it can get worse if you can’t address this concern at the soonest possible time. If you need to rush a family member to a hospital and you don’t have extra cash, you can use payday loans to attend to the medical bills for the meantime. This is helpful to those who have no health insurance and also to those who have but is not enough to cover all the expenses.

Address Dues

When you have dues and your income is not enough to cover these expenses, you can use payday loans to settle it for the meantime. This will save you from repaying extra charges which can be more expensive than the loans’ interest. Just be sure to find cheap payday loans online so you can settle the debt easier.

For Investment Or Small Business

While having a job can support your finances, it’s still best to find another source of income to have stable finances. If you can’t afford investments yet, you can use cheap payday loans in the meantime. You can also use it as a capital or additional fund for a startup business. Using loans for business or to invest in one smart way since you’re not just creating a debt but also, you’re creating a new source of income. But before you start getting an investment or starting a business, be sure to fully understand what these are all about so you can thrive on it.

why choose cheap payday loans

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.