Payday Lenders UK
At Quiddi Compare, we feature a number of payday lenders only in the UK that allow you to borrow up to £2,500 until your next payday. Whether you need money for an emergency, bills or because you are getting paid late from work, you can browse through our list of payday lenders and find the right company for you.
Our comparison service is completely free to use and we will not pass on your details to any other third parties without your permission.
List of Payday Lenders
Below is a list of payday lenders that we feature. Simply click on the lender of your choice to find some more information about the company and the loans that they offer. You will be able to click through to the lender’s website where you can apply directly.
The application for payday lenders is usually online and you can use your desktop, mobile phone or tablet to apply. You do not require a guarantor or need to put down your car or house as collateral. You will simply need to fill in a few details including your name, contact details, income, employment and bank details.
Payday lenders require this information so they can run the relevant checks and determine how much you can borrow and if you are eligible for a loan. Using credit reference agencies like Experian and Equifax to gain access to your credit file and see how much you have paid other similar loans in the past and if you have any other loans open. Furthermore, payday lenders will need to assess your affordability by requesting proof of your employment and salary in order to make their final decision.
If your loan application is successful, our lenders should be able to transfer funds to your bank account in one lump sum on the same day, with some able to send money within 15 minutes. Your loan repayment will be collected automatically from your debit account using Continuous Payment Authority which allows lenders to access your debit account each month and take repayment in an easy and convenient way.
If you have received a payday loan, your one and only repayment will be collected on your next pay date from work, which is usually the last working day of the month. If you have applied for instalment loan with one of the lenders, you will be required to pay smaller payments each month for 3,6, 12 or 24 months.
All payday lenders we feature are responsible lenders
All payday lenders that feature on our website are responsible lenders. We check every lender we work with to ensure that they follow the FCA price cap and guidelines for responsible lending. This includes charging a maximum daily interest of 0.8% or charging £124 per £100 and a maximum one-of default fee of £15.
The majority of payday lenders on our website are direct lenders but any brokers we work with will be clearly stated. Direct lenders allow you to apply with the same company including all transfers and repayments. A broker will request your details and refer you to other lenders based on your circumstances.
We constantly review and update the lenders list that we work with to ensure quality and so our customers have access to the best products available.
If you have any further questions, we encourage you to read our useful information on the sidebar to get a better understanding of how much you can borrow, how the application works, the costs and the potential risks of payday loans.
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk.