Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk
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Which payday loan is best for people with bad credit?

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The Important Parts

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)

Note: Loanago is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 500% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Lenders Facts

Loan amount
£50 - £2,000
Loan term
3 Months Only
CUSTOMERSCORES
Good
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Loan amount
£200 - £1,000
Loan term
3 - 6 Months
CUSTOMERSCORES
Excellent
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Getting the Cheapest Payday Loans Online

Many people are aware of future payments, big purchases, daily needs and spending habits. Hence they tend to plan and prepare a certain amount for emergencies to be on the safer side. However, it is not possible for all to save money to meet emergency expenses. To help them during the emergency situations, payday loans are provided so that they will be able to borrow the money that they need and pay back the borrowed money by the next payday. This is also the reason why it is commonly called as payday loans.

What is the Cheapest Payday Loans Online?

The cheapest payday loans online is considered to be a short-term borrowing where a small amount of money is borrowed by an individual from a lender at a high-interest rate. A post-dated check has to be written by the borrower for an amount which includes the money borrowed as well as the fee exchange for cash. On the next payday of the borrower, the lender will cash the check that he holds. These types of loans are commonly called as check advance or cash advance loans.

Cheapest payday loans online can be used when there is a sudden need for cash to cover your car repair, in case of instant emergency, or to pay the tuition for your kids. All these situations are difficult to handle and it is best to get extra help, by means of a loan, to help cover all the expenses without leaving you broke. The problem with emergencies is that you will need to money almost immediately and will not be able to wait for weeks to complete processing the loan at the bank. This is where cheapest payday loans online come in handy to help you meet these demands without batting an eye.

Why Choose Cheapest Payday Loans Online

When you are in need of cash, there are a number of options that you have to get the money and cheapest payday loans online are the best option to take a quick loan without having to wait a long time. This is because payday loans are sanctioned almost immediately and you can get access to the amount within a matter of few hours. The best part about getting a payday loan is that it will take less than 24 hours to get all the process done and see the money in your account. Moreover, the paperwork involved is very low when compared with other loans. If you are worried about your credit score, there are also loans that are provided with no credit check for your convenience. The only condition is that you have a full-time job with a decent salary and you will be able to pay off the loan after you get the subsequent month’s pay. Another perk is that there is no collateral involved in getting that loan.

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Applications Accepted

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Return Customers

Who is Eligible for Payday Loan?

Everyone who has a full-time job with a steady salary and is over the age of 18 is eligible to get a payday loan. If you are worried about your bad credit score, you need not worry as the loan will not depend on your present or previous credit history. Cheapest payday loans online will not need your credit card details and will be able to grant you the loan based on your salary limit. However, the rate of interest on the loan might be high since it does not involve collateral and is also provided without a credit check.

How to get Payday Loan

Due to the internet facility, it is now easier than ever to get the payday loan. All you need to do is fill out the application online and wait for the approval. The process is simple and can be processed within a matter of few hours and you will know if your application is approved. On approval, your money will now be transferred to your account on the same day which you can access when you want.

Getting a personal loan in the form of payday loan is easy and can be done quickly. However, repaying it will cut a good part of your salary. Hence before you opt for the loan, you should first calculate the budget of your monthly expenses and take a loan accordingly. Due to the online processing of all application, it helps save a lot of paper work and also helps cut down many fees that are involved unnecessarily. In general, the repayment period for payday loan varies between 10 to 25 days.

5 most recent personal loan reviews

Review of Funding Circle

Very quick response and good safety features. Speak to real people once the application has been logged. Very simple to fill out. Would definitely recommend Funding Circle to anyone.

Review posted by Gary Craigs, Dumfries

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

Review of Savvy

Really Great Service! Thoroughly recommend! Have dealt with several loan companies & Savvy is definitely the best, easiest, professional & they do exactly what they say unlike many other financial companies that lead you up the garden path!

Review posted by Helen Stern, Sheffield

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

Review of Capital One

I have poor credit and really needed the money to pay a court fine or be up against the magistrate again. Really helped me out and I found the charges for the credit very reasonable. Would highly recommend if your in a pinch. Great customer service and went out of their way to help get the loan out the same night I applied. Started 6pm and had money in the bank before 10pm. Great service.

Review posted by Blake Harrington, Margate

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from Trust Pilot to ensure the authenticity of accounts.