Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk
Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% Representative APR: 79.5% (variable)
Please note: We are a broker, not a lender, and do not make credit decisions.
Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Please note: We are a broker, not a lender, and do not make credit decisions.
Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).
Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
We are on the FCA register please see here
If you are looking for cheap payday loans in the UK we might be able to help.
Here at 1st Class Loans, we specialise in helping customers find an FCA approved payday loan direct lender.
In this guide, we list all the different types of ‘cheapest loans’ you can get. Then explain which cheap loan might be best for you.
So what are the different types of cheapest loans you can get?
As we are a payday loan broker, we will start with cheap payday loans.
Now the words ‘cheap’ and ‘payday loans’ don’t usually go together. These short term loans are known for having extremely high APR’s.
Same day payday loans start around £50 pounds from direct lenders
However, you can still get cheap payday loans and I’ll explain how:
Payday loans come with very high APRs, however, if you pay your loan off extremely quick, then you will pay less interest. It is as simple as that!
The idea of Instant cash loans is to get them maybe 1 week before you get paid. Now if you get a £300 loan and pay it back off in a week. You would only pay around £24 extra. However, the APR will still be around 1,000% APR.
This is where cheap short term loans came into play. The idea from the lenders was to spread the payment over 3-6 months, This way the longer you have the loan, the more interest you will pay.
Here at 1st Class Loan, we always recommend you paying off your cheap payday loan as fast as possible.
Who has the cheapest payday loans?
We would recommend ourselves as the cheapest payday loans as we are a broker. We will send your application into a pingtree, which then checks your credit score and will match you with a lender based on your credit score.
You always get a much lower rate with personal loans, making these the cheapest loans.
These cheap personal loans usually start at £1,000 and go all the way up to £50,000 depending on the personal loan lender. The APR can start as low as 2% which is extremely cheap.
However, the APR usually will depend on your credit score. If you have a great credit score, you will more than likely get offered a much lower rate, as you will be classed as low risk.
Someone with bad credit though won’t be able to get cheap loans like this. If you have bad credit you will be classed as high risk to the lender, so this means they will charge a higher APR just in case of miss payments.
Who offer the cheapest loans?
There are a number of companies offering cheap loans, but the best way to get a cheap loan is by getting quotes (ones using soft searches otherwise it could harm your credit score), use comparison sites and last but not least, brokers who don’t charge fees.
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1st Class Loans
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Monday - Sunday: 00:00 - 23:59
Office 131, Silk House, Park Green, Macclesfield Sk11 7QJ
UK
Phone:
No
[email protected]
£100 to £5,000
Here at 1st Class Loans, we strive in providing a seamless, online service to all of our customers, in their search for an online payday loan. Our business model is designed to provide such a first-class service, that our customers would be happy to recommend to others. We aim to be your number one choice for your financial needs in the market.WHAT SERVICE DO I GET WITH 1ST CLASS LOANS? Our introductory service provides you with a simple and fast online lending application process, providing you with an instant online decision for your payday loan.The security of your personal data is important to you, which makes it a priority to us. That's why 1st Class Loans does not retain any of your personal information. We will only ever ask you for personal details which relate to your loan application and nothing additional for research or marketing purposes unless you want us to. If you're not satisfied � we're not. Please tell us if you feel there is anything that we can do to improve your experience by visiting our Contact Us
Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk.