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Best payday loans up to £1000 compared

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Payday Loans

  • Borrow up to £20001
  • Trusted lenders only
  • Payouts within 24 hours
  • Responsible lending policy
  • Alternatives available

Compare Best Payday Loans

If you need a small cash sum to see you through then you could apply for free through our website. We'll compare the offers that are made by lenders and pass you to the lowest cost lender. By doing this comparison for you you won't be bombarded by the top 10 to choices saving you time.

Additionally it is possible that a payday loan does not suit your situation - may be you:

  • don't have a bank account
  • want to repay over a period longer than 1 month
  • would prefer a face-to-face meeting

In which case use our Quick Start tool to view other options.

Choosing the Best Loan:

Things to consider:

  • How much cash do you need?
  • How fast do you want to repay it?
  • What sum could you afford to repay?
  • Do you have a bank account?

Choosing the Best Payday Loans

How do you choose the best payday loan for you? What are the factors you should take into account when comparing loan options?

Well there are now restrictions on what payday lenders can charge, namely:

  • a maximum daily interest rate of 0.8% (so no more than £24 per £100 borrowed over a 30 day period)
  • no more than double the amount that was borrowed (e.g. if you borrow £100 you cannot be asked to repay more than £200)
  • a limit of £15 for a charge if a borrower defaults on their debt

The imposition of these limits imposed by the FCA in January 2015 meant that many payday lenders left the industry. Those that remain are now more cautious, but they are also less able to compete on price. Most lenders are likely to charge similar amounts for their short term credit.

Compare Payday Loans to other Short Term Loans

But payday loans are not the only form of short term credit. If you want to borrow a small amount for a relatively short period then you could also consider:

  • Instalment loans - borrow £100 to £2000 (or more) and repay over a number of months.
  • Doorstep loans - borrow £100 to £2500 and repay weekly over 13 to 104 weeks

As you can see these other options allow you to borrow over a longer time frame. Being able to spread the repayment may make the loan more affordable, but keep in mind that the total amount you eventually repay could be more.

We would always recommend that you look at the total amount to be repaid and not just the loan's APR%.

About Payday Loans

Representative Example

Loan Amount

£300

Interest

£72

Loan Term

30 days

Total Repayment

£372

Actual Interest Rate

24% (vrbl)

Representative APR

1081%

Apply Now!

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

1 Subject to application being approved by the lender. Not all lenders are able to provide up to £1000.

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When it comes to getting you your loan our online service is second to none. In fact Solution-Loans.co.uk has scored 4.6 out of 5 based on 308 ratings & 53 user reviews for its payday loans service.

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