Top Payday Loans
Compare payday loans!
Welcome to toppayddayloans.co.uk where you can quickly compare the top payday loan providers and find the best online payday loan to suit your needs. You can compare payday loans from direct payday loan companies and also from brokers.
Direct Lender or Broker?
Choosing the right payday loan provider is ultimately your decision! We’ve made it easy for you by comparing loans from direct lenders and brokers separately. Direct lenders provide a dedicated service and handle thousands of loan applications every day. Most have very fast payment systems and dedicated support teams to handle your application quickly and efficiently. Broker sites will generally vet your application and then forward it to the most appropriate lender or several lenders at once. The application process can take a little longer to process and you may be required to provide further information if your loan application has been initially declined. In general, we would advise you to apply to a direct lender first, however if your credit rating or employment status is poor, you may find that a broker will be able to successfully secure you a fast payday loan!
Compare payday loan direct lenders
| Payday Lender | Logo | Credit Check | Cost/£100 borrowed | Max. First Loan | 7 Day Funding | Typical APR | Debit Card | Self-Employed | Min Monthly Pay | Weekly Pay | No Faxing | Read Review | Apply Now |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payday UK |  |  | £25 | £750 |  | 1737% | | | £750 | | | Read Review |  |
| Payday Express |  | | £25 | £400 | | 1737% | | | £750 | | | Read Review | |
| Wageday Advance |  | | £25 | £750 | | 2812% | | | None | | | Read Review | |
| QuickQuid |  | | £20.00 to £29.50 | Up to £1500 | | 1734% | | | None | | | Read Review | |
| Text Loans.co.uk |  | | £17 Loans are for 15 days max | £100 | | 4474% | | | None | | | Read Review | |
| Wonga.com |  | | Depends on length of loan - £6.54 to £36.72 | £400 | | 4214% | | | None | | | Read Review | |
*Cost per £100 borrowed is based on repaying the amount if full after 30 days or by your next payday
Compare payday loan brokers
| Payday Lender | Logo | Credit Check | Cost/£100 borrowed | Max. Loan | 7 Day Funding | Typical APR | Debit Card | Self-Employed | Min Monthly Pay | Weekly Pay | No Faxing | Read Review | Apply Now |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payday Bank |  | | £25.00 | Up to £750 | | 1737% | | | None | | | Read Review | |
*Cost per £100 borrowed is based on repaying the amount if full after 30 days or by your next payday
*Whilst most online payday loan providers claim to process your application within minutes, you may still need to provide additional information before they deposit the funds into your bank account. You may receive a telephone call to confirm your ID and you may also be required to fax proof of ID, such as a copy of your driving licence and a utility bill dated in the last three months. Even though most Payday Loan Providers advertise the fact that there application process is faxless, they still need to verify your identification!
Payday Loan Amounts?
Most Payday Loans start from £80 and go up to £1,500. Once approved, the money is usually transferred into your bank account on the same day and the loan is usually expected to be paid back in full within 30 days from when you receive your salary payment. Obviously, the quicker you repay the loan, the less interest you will have to pay!
Although terms may vary, most payday loan providers require you to have a current bank account and be in employment. You can even apply for a no credit check payday loan if you have a poor credit rating, provided that you can demonstrate your ability to repay the loan.
With the recent emergence of online payday loan providers it is far easier now to secure a short-term cash loan. It is also much more convenient than a visit to the nearest Pawnbroker or garage sale!
Instant Payday Loans
Finally, you should view quick loans as ‘Bridging Loans’. They are not meant to provide long term finance and should only be used to fund short term expenditure until such time that you receive your monthly pay and can then pay off the loan in full. Stick to these principles and you could find that a Payday Loan will provide you with a cost effective, fast, and easy way of obtaining quick loans.
What’s the APR?
The first question people usually ask when taking out a loan is ‘What’s the APR?’
Whilst a perfectly reasonable question to ask when taking out a bank loan or car finance agreement, the APR becomes almost meaningless when it comes to short term loans. No one would ever take out a payday loan if all they were interested in was a low APR!
Our advice is to take a look at the actual cost of borrowing and not the APR. With cash advance loans all you need to be concerend about is the cost per £100 borrowed. The APR is a measurement of the actual cost of borrowing including any documentation fees.