Welcome to Payday Loans No Credit Check
Your online information centre. Here, we aim to separate loan facts from fiction for people who are looking for a low-credit loan solution
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The payday loan could also be described as the 'fast cash' loan. It is easy to apply for, easy to get approved for and you get your money very quickly. Therefore, it is ideal for borrowers who need cash now for a range of reasons - be it an emergency or just a need for cash until the next payday!
What do I need to know?
There are some things to bear in mind. First, most payday lenders will require you to be in some kind of employment. In some cases, you will need to have a full time job but some lenders are more flexible - they may only need you to have a part time job or even self-employed. They may ask that you have a minimum 'take-home' income, but this is usually pretty low.
In most cases, you will need to be a resident of your country and work there too. You may also need to have a minimum age (this varies - in most cases it is 18 years old but some lenders want you to be at least 21 or even 25).
When do I need to pay it Back?
OK, so now we know the basic criteria, what about paying the loan back? Well, the term of the loan - i.e. the length of time you have to pay it back - is generally quite short. Often this will be a month (around 31 days) but some lenders will be more flexible.
The thing to remember is that you are borrowing money which may need to be paid back quite quickly. The APR (Annual Percentage Rate) may be higher than on a regular loan. Why?
Low Credit Borrowers
The reason why the APR may be a bit higher than on a 'normal' loan is because most payday lenders will not mind what your credit history is. In fact, they won't even carry out a credit check! You apply online and your decision is made instantly - so the lender is saying, 'yes I will lend you the money and I don't mind if you have had credit problems in the past'.
Great news for borrowers, but it does mean that the percentage rate will be higher because the borrower is seen as being more 'risky' - in other words, that there is more risk of them not being able to pay the loan back quickly. What it does mean is that you could be paying back around 125% of the amount you borrowed. This is something to near in mind when you decide to borrow money.
| COMPANY | TYPE | AMOUNT | REPAYABLE ON £100 | TERMS & CONDITIONS | ID REQUIRED | APR | DEBIT CARD | BANK ACCOUNT | APPLY |
Payday Express
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Lender | £80-£800 | 125% | Must be in employment and be paid into a valid bank account. Must be at least 18 | ID is not essential as loan decision is instant - check website for more details | 1286.1% | Yes | Yes |
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| Regardless of your credit past, Payday Express can offer you a loan. The decision is instant - just apply online. Note that you may be charged up to £20 for every £80 you borrow - always read the full loan terms before signing up | |||||||||
247 Cashline Payday
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Broker | £100-£1000 | 125% | Must earn £750 a month (minimum) and be at least 18 years of age. Repayment within 31 days | No | 1355% | Yes | Yes |
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| It doesn't matter what your credit history is with 247 Cashline - they will give you instant approval via their online application process. Make sure you fit the criteria before you apply though! | |||||||||
PurplePayday.com
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Broker | £100-£750 | 125% | Must earn £750 a month (minimum) and be at least 18 years of age. Repayment within 31 days | No | 1286.1% | No | Yes |
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| PurplePayday offer an easy application process and a decision in minutes - everything takes place online! There is not need for a debit or credit card, you just need a bank account to receive the loan! | |||||||||
Cash Genie
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Broker | £75-£750 | 130% | Must be at least 18 and in employment. Must be UK resident and work in the UK | ID is not essential as loan decision is instant - check website for more details | 2330% | Yes | Yes |
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| CashGenie can get you a fast loan - just apply online for instant approval. Note the typical APR is 2330% which means you may pay back around 130% of the borrowed amount | |||||||||
Lending Stream Payday Loan
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Lender | £80-£1000 | N/A | Must earn £750 a month (minimum) and be at least 18 years of age. Repayment within 31 days | No | 1397.58% | Yes | Yes |
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| Lending Stream have a unique borrowing system - new customers can borrow up to £400 and existing borrowers up to £1000. The repayment process is flexible and you can choose to pay off in installments. Apply to find out more | |||||||||
Payday Bank
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Broker | £80-£750 | 125% | There is a minimum monthly take-home income required, see website for details | ID is not essential as loan decision is instant - check website for more details | 1355% | No | Yes |
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| You can choose to roll over the loan up to two times with Payday Bank. Borrow up to £750 | |||||||||
Get Me To Payday
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Broker | £80-£750 | 125% | Must be in employment and be paid into a valid bank account. Must be at least 18 | No | 1355% | No | No |
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| Keep the loan over a period of 15, 30 or 60 days with Get Me To Payday, where flexibility is standard. Note that there is a 25% borrowing fee | |||||||||
Quick Quid Payday Loan
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Lender | Up to £750 | 125% | There are restrictions for new customers | No | 1733.5% | No | Yes |
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| New customers may only borrow up to £300 and existing can borrow up to £750 - this criteria is to control safe lending | |||||||||
Wonga
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Lender | £50-£200 | From 105% to 129% dependant on term | Applicants must be at least 18 years of age and have UK residency. NOTE: Credit score and credit history will be taken into account | ID not generally required but bank account and debit card | 2334% | Yes | Yes |
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| Wonga allow you to choose your own loan terms - apply online to see the great flexible service. Note however that your credit history does play a role with Wonga | |||||||||
Payday Search
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Broker | £80-£750 | 125% | Must be in employment and be paid into a valid bank account. Must be at least 18 | Depends on Lender but not generally required | 1355% | No | Yes |
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| Benefit from the broker service at Payday Search - they will search the loan market on your behalf to find you the right loan. | |||||||||
Logbook Loan
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Lender | £500-£50000 | See Website for Details | No | No | 437.4% | No | No |
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| Note that you could lose your car if you cannot repay your loan at Logbook Loans. This is because the loan is secured against your car. That said, you could borrow much more than a regular payday loan (dependant on terms, see website for details) | |||||||||
Payday Financial Loan
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Broker | £80-£750 | 125% | Must be in employment and be paid into a valid bank account. Must be at least 18 | ID is not essential as loan decision is instant - check website for more details | 1355% | No | Yes |
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| PayDay Financial claim to be one of the leading payday lenders in the UK. Borrow between £80-£750 and get an instant decision | |||||||||
RedHouse Financial
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Broker | £80-£750 | 125% | Must be in employment and be paid into a valid bank account. Must be at least 18 | ID is not essential as loan decision is instant - check website for more details | 1355% | No | Yes |
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| An easy online process will lead you to a loan of up to £750 from RedHouse Financial. Make sure you check the full loan terms before you apply | |||||||||