What it costs

Payday loans / cash advances carry fixed flat rate fees and nothing more. They are completely transparent - there are no hidden charges and no set-up fees. We work with a growing number of reputable national lenders whose fees range from £25 to £30 per £100 borrowed. These charges are very competitive compared to other ways of covering a short term shortage of cash (e.g. unauthorised overdraft, credit card, etc) - see below.

The total cost of your loan, including the necessary APR figure, will be calculated when you complete the short online form. This will also tell you which lender is able to provide the cash you need. Apply now.

You can apply for any amount between £80 and £1000.

How do these charges compare?

It is useful to compare these costs to those that could be incurred if you were to go overdrawn (unauthorised) for a few days - a recent study by Moneyfacts showed that the costs of going overdrawn by just £100 for only 2 days could cost up to £60. Going overdrawn by £100 for 10 days could cost you up to £215 in charges! And these charges are before fees incurred for bouncing cheques, etc. Using your credit card but only repaying the minimum monthly amount is also a much more expensive route to borrowing than a payday loan cash advance.

Payday loan companies are required to calculate the APR% for their customers even though the measure is inappropriate for 30 day (i.e. very short term) cash advances. It will be calculated when you go through the application process, but bear in mind it makes more sense to compare the costs to the alternative means of short term borrowing mentioned above.