Comparing UK Payday and Same Day Loans

Same Day Loans can be an absolute lifeline to people who suddenly find themselves caught out before payday by a last minute 'red' bill, or emergency household situation. We've all been there!

When this happens, it's sometimes hard to know where to turn to organise the cash to fill the hole, but there are options with short term payday loans and same day payday loans.

Payday loans offer fast and easy access to cash from a simple application process, payday loans and same day loans have manageable charges.

These offer up to around £750, as a high speed cash advance. They're generally applied for online - although there are various 'highstreet' brokers too - and they're designed to be very short term - so you're not left with a long and unwieldy debt.

One feature is the charging structures - a flat fee of approx. £25 per £100 loaned.

You'll find lots of information about UK payday loans and same day loans on our frequently asked questions about payday loans page.

The repayment comes directly as a direct debit from your bank account on the day your wage is paid in.

UK Same Day Loan Offers

Some of the main UK Payday loans providers are as follows, each offering something slightly different:

Payday UK - Payday Loan Provider

Payday UK provides speedy online applications for payday loans of up to £750. Customers can apply for their payday loans online via a simple form, and the cash goes directly into the bank account.

Payday UK's annual APR is 1845%, but is rather paid as a flat charge for payday loans - £25 per £100 borrowed.

The repayment comes out of your current account automatically by direct debt, clearing the debt there and then upon payment.br />

Quick Quid - Same Day Loan Provider

Similarly Quickquid's Same Day Loans are at £80 - £750, but new customers can only borrow £300 for the first application.

The application process only takes a few minutes or so, and if the payday loans are processed before 3pm, the funds transfer into your account that day. You can also choose from 2 different repayment dates, each attracting different fees.

This charge information is given to you first. The APR is set at 1576% and there's also a 20% discount given to regular customers.

Pounds Till Payday - Payday Loan Provider

Then there's Pounds Till Payday which offers extra on its cash advance limit - up to £1000 though you must be taking home more than £333 per payday, post tax.

Furthermore, there's a limit on borrowing £200 for your first application, and you also will have to fax or send a copy of your latest payslip before you qualify. The flat fee is then £29.98 for each £100 that you borrow.

Wonga - Same day Loan Provider

Finally there's Wonga - which is a bit different. It will arrange to have £200 in your account the next morning - and more can be arranged depending on your eligibility.

They advertise themselves as the fastest lender and there's an innovative sliding arrow on the website that you can adjust to see how much you want to borrow, and what the charge is.

Interest is charged at 1% a day (APR of 2234%) for each £200 borrowed, plus a £3 admin fee and you have to repay it in 30 days.

My Payday can provide you with fast cash options by locating the best payday loan for you in a few minutes

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