Payday loans can be a helpful way to settle little financial issues before the next payday. They have a high-interest rate and require you to repay over a short term – say, one month. Some lenders prefer to offer these as short-term loans to enable you a bit of time to handle the loan without stress. For details on very bad credit payday loans follow the link.

Most companies that offer payday loans have an online service that can be accessed from any part of the UK. The loans are unsecured, with over 100% APR. The FCA (Financial Conduct Authority) defines short-term and payday loans as High Cost Short Term Credit. If you are looking for short term loans with fast payout follow the link.

They are unsuitable for long-term borrowing and repetitive borrowing. The cost effect can be far-reaching. It’s only advisable to take a payday loan if you have considered other options and none is working for your current situation. We offer quick payday loans online that are very easy to get. You can get a £100 £200 & £500 Pound PayDay Loan today with our help.

10 Payday Loans to Consider

Here at 1st Class Loans, we are broker and not a lender. So if you prefer a broker, then we would recommend our selves, however, here are some of the leading lenders in the payday loan market.

Mr Lender

Mr Lender is a registered creditor that offers payday short term loans. Their loans range between £200 and £1,000, and you can repay within 6 months. First time borrowers can receive a maximum funding of £500.

Mr Lender requires customers to earn at least £600 monthly in order to qualify for a loan. They run credit checks on your account and will not approve your application if you’ve been declared bankrupt within the last 3 years.

Their system is transparent and you’ll get a breakdown of your installment payment, including the total repayable amount.


QuidMarket short term loans offer you amounts between £300 and £1,500, to be repaid in 3 to 6 months. The loan is available to individuals between the ages of 23 and 65 who earn, at least, £1,300 monthly. The information you enter on the website is compared with your information at a Credit Reference Agency (TransUnion) to decide if you can afford the loan.

Repayment on QuidMarket is made using a Continuous Payment Authority on your debit card. This means the company will make automatic deductions from your card on the agreed dates of repayment. You can make early repayments, after contacting the lender, through your debit card or via online banking.

Lending Stream

Lending Stream prides itself in being able to transfer funds to your bank account within 90 minutes, if your application is accepted. They offer loans from £50 to £1,500, which can be repaid in 6 months. The aim is to offer you an alternative to payday loans, enabling you to gain some control over the amount you’ve borrowed.

Lending Stream requires customers to earn a minimum of £400 monthly and be 18 year-old UK citizens, in order to qualify for the loan. Repayments are done via Continuous Payment Authority or you can decide to repay personally. However, they try to keep you informed throughout the period of the loan.


Payday loans on Cash4UNow range between £150 and £1,000; new customers are offered a maximum of £600. Any loan you take from this lender can be repaid in 4 to 6 months. You can also choose a convenient repayment method.

Cash4UNow allows you to repay early and save money on interest. Approved applications are funded in 15 minutes.


Cashfloat is a direct online lender for payday loans. You can get a loan of up to £1,000 which you can repay in 3 months, even with bad credit. If your application is approved, funding happens the same day and you don’t need a guarantor. Early repayments are accepted on Cashfloat, allowing you to save on interest.

This lender will run a credit check on your information to decide if you can afford the loan. They are registered and regulated by the FCA.


You’ll get short term loans from QuickQuid as an alternative to payday loans. You can borrow between $50 and £1,500, repayable in 1 to 3 months. New customers are only allowed to borrow up to £1,000.

Repayment is made monthly through Continuous Payment Authority or Direct Debit Authorisation, enabling the lender to directly debit you on agreed dates. You can repay early on agreement with the lender, without extra fees.

THL Direct

THL Direct tries to make borrowing easy by eliminating default, upfront, or late payment fees. You can repay monthly or weekly to suit you. If you decide to repay early, you won’t be charged for this.

As a responsible direct lender, THL Direct offers a loan limit of £125 for new customers and £500 for existing customers. Funds are transferred the same day, if approved by the lender.


Peachy offers a loan range of £100 to £1,000 to customers who earn a minimum of £600 monthly. You can repay a period of 1 to 12 months, while saving money on interest if you repay early. Late repayments attract a £15 fee.

Peachy loans receive instant response. If your application is approved, you’ll get funding in 15 minutes. Repayments can be made through bank transfer or Continuous Payment Authority.


Sunny offers loans of £100 to £2,500 to be repaid in 6 to 14 months. Customers must earn a minimum of £500 monthly and be no less than 18 years. Early repayments can help you save some money, plus the amount you borrow determines your period of repayment.


With MyJar, you can borrow up to £2,000 and repay in 3 to 12 months. With their quick decision process, you can have an approved loan within the hour. Plus, early repayment can help you save some money.

Repayments on MyJar are made through Continuous Payment Authority. Late repayments cost you more interest. This lender does not allow you to extend your loan or top-up on an existing one.

Frequently Asked Questions

What information do I need to apply for a payday loan?

You’ll often need to provide details of your earnings and spendings with address history dating back to 3 years. Sometimes, a lender may require more documents.

With these, they can decide if you are able to afford the loan you are applying for.

How much can I borrow on a payday loan?

On the averge, lenders will offer you between £50 and £1,000. Your financial situation and earnings also help to decide how much you can borrow. The aim is to borrow what you can comfortably repay in the following months.

How long does it take to get the funds?

It can take as little as 15 minutes to be funded, once your application is approved. The process is often instant for many payday lenders.

Can I pay off my payday loan early?

You can pay off your loan early at little or no cost, depending on your lender. Most lenders will take only the agreed repayment sum and charge nothing extra. You can verify this option with the lender before taking up the loan.

Are my details and account secure?

Companies that operate online financial services UK secure their platform with SSL encryption and 128-bit secure server to keep your details from being stolen. Besides, only your financial history is needed to make a decision and your personal details are not passed on to third parties.

Warning: Late repayment of payday loans can cause you serious money problems. For help, go to