The Best Payday Loans in the UK – TOP 10

Have you ever felt cash-strapped? Or as if you’d never be able to make that credit card or energy bill payment? Well, help is at hand for those feeling unfortunate. We’ve compiled a list of the payday loans we feel will give you the best value. Before thinking about even getting a payday loan, always read the small print, understand what your interest rate will be on top of paying the money back, and work out how you will be able to repay the money back, and pay on time.

Here are our top ten recommended Payday loans and short-term loans to choose from:

1 FancyaPayday Review


FancyaPayday is a credit broker based in Bournemouth, Dorset, UK. They offer short-term loans and have a quick and easy application process. If you qualify, you can receive your funds on the same day. They also offer repayment flexibility, with direct lenders tailoring your repayment schedule based on a structure that works for you.
REPRESENTATIVE EXAMPLE: If you borrow £200 for 3 months (82 days), the annual rate of interest is 292% fixed. The cost of credit is £111.36, with monthly payments of £103.79, £103.79, and £103.78. The total payable over 3 payments is £311.36.
2 THL Direct review

THL Direct

THL Direct, based in Bournemouth, UK, offers short-term loans ranging from £50 to £5,000 with terms from 3 to 36 months. The application process is completely online, providing quick financial relief. They offer a representative APR of 49.9%, but rates can vary from 45.3% to 1575% based on personal circumstances. They have a high customer satisfaction rating of 4.9 on Feefo. However, as a broker, they work with partner companies to provide the loans, which could lead to variations in service quality.

Representative example: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable).

3 Sunny apžvalga


Sunny provides fast and flexible loans from £100- £2500, rated excellent 9.1 Trustpilot. You save interest if you repay early, and have 5 days to change your mind when you receive money. They have a UK based, customer support open Monday to Sunday office hours.
REPRESENTATIVE EXAMPLE: £100 loan taken for 6 Months. Annual rate of interest 292% fixed. 6 repayments of £33.13. Total amount payable: £198.75.
4 Lending Stream Review

Lending Stream

Lending Stream started out in 2008, providing short-term loans for a 6 month repayment period. Their customers are from all around the UK and the average age is 32. However, they don’t provide payday loans as they feel if the loan can’t be paid back on payday, then the customer could be in worse debt. They use a mix of reviewing individual cases, powerful data analytics and precious credit scores to approve loan applications.

REPRESENTATIVE EXAMPLE: £200 loan taken for 6 Months. Annual rate of interest 292% fixed. 6 repayments of £64.44. Total amount payable: £386.61.

5 Creditstar atsiliepimai

Creditstar UK

Creditstar is a payday loans company who claims applications take no more than 10 minutes and approval in less than an hour. First time users can borrow up to £300 and returning borrowers can borrow up to £700, repaying back over a period of up to 6 months.
Representative example: Amount of credit: £300 over 4 months. Interest: £170.45. Interest rate: 274%pa (fixed). Repay with 4 payments: 1st payment £142.50, 2nd payment £125.63, 3rd payment £109.88, 4th payment £92.44. Total amount payable: £470.45.
6 Myjar review


Myjar is a short-term loan provider with an eye-appealing website to suit. They started in 2008, have approved of over 2 million loans and lent over £500 million to happy customers. It allows people to borrow money according to what sort of repayment plan they have. The loans can range from £900 over a period of 3 months to up to £7200 over 2 years. They have a 9.1 out of 10 rating according to Trustpilot.
Representative example: Borrow £300 for 3 months. Annual interest rate 274% (fixed). Repay in 3 instalments of £148.02 each. Total amount to repay £444.06.
7 Cashfloat Review


Cashfloat are a responsible direct lender of payday loans who have helped over 100,000 happy customers. They focus on customers with a previous bad credit score looking to improve, and making sure it’s affordable for the customer. They also have a state-of-the-art ‘Money on Demand’ app so customers can manage their money and repayments on the go.

Representative example: Borrow £500 for 4 months. First monthly repayment of £172.09. Second and third monthly repayments of £229.45 Fourth monthly repayment of £114.75. Total repayment £745.74, interest rate p.a. (fixed) 226%.

8 Mr Lender Review

Mr Lender

Mr Lender is a competing short-term loans company with a 9.6 rating on Trustpilot. They also won ‘Customer Service Champion’ in the 2018 Consumer Credit Awards, demonstrating how good they are. With Mr Lender there are no upfront fees for taking out a loan, and there are no late fees for missing payments. They also have a blog which has frequent articles about saving money, responsible lending and other financial posts of interest. Sounds almost too good to be true!
Representative example: Borrow £200 for 6 months, Borrow £200 for 6 months, repay with 6 payments: payment 1 – £81.33; 2 – £73.23; 3 – £65.13; 4 – £57.33; 5 – £49.24; 6 – £41.14. Total repayment £367.40. Interest rate p.a. 292%. (fixed).
9 QuickQuid review


Quickquid is a partner loans company to Pounds to Pocket and specialise in shorter term loans. They allow customers to get a preapproved loan in minutes. A useful feature not previously seen on other loans website is their live webchat, if a customer needs help or support. This is available during office hours, Monday to Sunday. Quick Quid encrypts your sensitive data via Secure Socket Layer (SSL) so none of your confidential data is sent to third parties.
QuickQuid is no longer accepting applications for new or existing customers.
10 Piggy Bank apžvalga

Piggy Bank

Piggy Bank is a short-term loans provider. They have a useful FAQ on its homepage to answer all common questions and queries. You can repay early to save on interest, or if you forget, they have a handy payment reminder service. Their customer support is open Mon-Sat office hours.
PiggyBank no longer provides new loans.

Updated: 01.05.2024

There are a variety of payday loans and short-term loans companies to choose from. Most of them doesn’t require upfront fees and some of them offer early repaying option allowing to save on interest. Offering 7-day customer support and manageable repayment time frames, you can see why they are very popular ways for emergency cash when the going gets tough. We recommend you to contact them directly before taking out the loan.

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Disclaimer: All the information, ratings, and comparisons on our website are a subjective opinion of the individuals who have analyzed it. We may make recommendations, but we do not take any responsibility or guarantee that you or other people who will use services of the reviewed companies in the future will have the same or similar experience.

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