Instant Loans for People in the UK
Need cash instantly? Apply for an instant loan, receive a decision in seconds, and have the money paid into your bank account in as little as a few minutes.
Representative example: Borrow £700 for 5 months. 4 monthly repayments of £235.82, last monthly repayment of £235.92. Total repayment of £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 821.04%. Daily interest is capped at 0.798%. Representative APR includes all applicable fees.
Warning: Late repayment can cause you serious money problems. For help, please go to www.moneyhelper.org.uk
Loan payouts should be instant, you shouldn’t have to wait
Life’s unexpected expenses can be very stressful. When you need a loan to pay those expenses, it should be easy to borrow the money you need. Get the payday loan you need now without any hassle or stress.
Instant loan details
Loan amounts:
£300 – £1,500
Daily interest rate:
0.507%
Interest per annum:
185.39%
Repayment terms:
3 – 9 months
Funding time:
Same-day
APR:
611.74%
What is an instant personal loan?
An instant personal loan is a type of loan that can be approved and funded very quickly. Instant loans are often used for emergencies, such as unexpected bills like medical or car repair bills. Lenders view instant loans as a higher risk, which is why they tend to charge higher interest rates to fund this type of loan. PaydayLoansOnline is an instant loan direct lender that allows you to apply for a loan in 3 minutes and get an instant decision if you were successful in your application.
How to apply for an instant loan in the UK
Follow these three steps:
Fill out the form
It takes about 3 minutes to fill out our loan application form.
Get a quick decision
After filling out the form you get a decision within seconds.
Fast cash payout
The cash you need will be deposited in your bank within one hour.
What you need to know
Instant loans are short term loans that can be sent to your bank account immediately. However, these loans are not always as instant and quick as they sound to be. After submitting a loan application, the lender must perform a creditworthiness assessment as per the FCA. Completing these checks do take time. However, most direct lenders online still manage to send money to customers’ bank accounts the same day.
Instant payday loans are designed to help in an emergency when there are no savings to use.
Key points
- Get your loan fast – within 1 hour of approval
- Get the money directly from us
- Bad credit accepted, so no need to worry about your credit score
- Repay your loan in up to 6 monthly installments – or repay early at no extra cost.
Key requirements
To apply for an online payday loan, you should:
- Be 18 years or over
- Live in the UK
- Have a UK bank account
- Hold a job or have a fixed source of income (benefits, pension etc.)
Will I be accepted for an instant loan?
Whatever your credit score, we work hard to approve as many applicants as we can. Our high acceptance rates prove this. If you can show you have enough disposable income to make the loan repayments, we are likely to accept you for a loan.
Completing the application form correctly will help us expedite your loan application, so it’s important to take an extra minute to go over the form and check you have completed it correctly. Often it’s just a mistake in the application which has caused us to decline loan requests.
Cost of borrowing £800 example
Here’s a breakdown of the full cost of getting an instant loan of £800 from us. The table includes your repayment period, interest rate, repayment structure, interest paid, total repayment, and representative APR.
For more cost breakdowns on different loan amounts, check our list of loan cost examples.
| Details | Example |
|---|---|
| Loan amount | £800 |
| Loan period | 4 Months |
| Interest rate P.A. (fixed) | 185.39% |
| 4 monthly repayments | £301.20 |
| Total interest paid | £404.70 |
| Total repayment | £1204.70 |
| Representative APR | 611.74% |
Who is Payday Loans Online?
Payday Loans Online is a trading style of Western Circle LTD, a trusted direct payday lender that has served UK customers since 2016. Our company registration number is 7581337, and our offices are at Office 9, 2A Highfield Avenue, London, NW11 9ET, United Kingdom.
We have funded over £19 million in fast, secure loans. We have directly helped more than 115,000 borrowers across the UK – from Cornwall in the south to Caithness in the north.
Our lending decisions are fair, transparent, and responsible. We carefully assess and individually review each loan application. This process ensures that every loan decision fits the potential borrower’s current financial circumstance.
Since the Financial Conduct Authority (FCA) implemented an interest cap in 2015, we have consistently adhered to all regulatory requirements. We remain committed to acting as a responsible lender, safeguarding the interests of our customers by implementing strict, compliant lending practices.
FCA-Authorised direct lender
We have been authorised and regulated by the Financial Conduct Authority (FCA) since 13/05/2016 under license 714479, giving you peace of mind that you are dealing with a reputable direct lender.
ICO Registration
We have been registered with the Information Commissioner’s Office (ICO) since 17/08/2012 under registration number Z3305234, so you know we follow strict data protection and privacy practices.
Why choose us?
We’ve been providing short term loans to new and repeat customers across the UK since 2016. Here’s why they trust us – and why you can too with your loan application:
- No Broker Fees – We fund your loan with our own money. You won’t pay broker fees.
- FCA Regulated – We are fully authorised by the Financial Conduct Authority (FCA) under license 714479 since 2016.
- No Hidden fees – We clearly show interest rates, repayment term and total repayment amount upfront
- Your Data is Safe – We follow strict data protection laws. Your personal information is secure and kept private.
- Data Compliant – We are officially registered with the Information Commissioner’s Office (ICO) since 2012.
- Proven Track Record – We have provided payday loans since 2016 proving a strong track record.
- 115k Customers Served – We have directly funded over 115,000 customers all across the UK.
- Responsible Lending Practices – Every loan application goes through a thorough affordability check
- Flexible Repayment Plans – You can repay your loan over 3 to 9 months instead of by your next payday.
- Poor Credit Considered – We welcome applications from customers with less-than-perfect credit.
- Superior Lending Technology – Our team develops our loan systems, resulting in fairer loan decisions.
- Website Security – Our site is encrypted and managed by experts who take data protection seriously.
- UK-Based Support – Our support team is local and responsive. Real people are ready to help you.
- Easily Accessible – Call us or email us between 9 AM – 5:30 PM (Mon-Fri).
- Early Repayment is Possible – Repay your loan early anytime. No penalties, and you save on interest.
- Same-Day Funding – Guaranteed same-day funding for approved loans.
Frequently Asked Questions
You should apply for an instant loan in an emergency only. Always compare all your options before borrowing to make sure you’re getting the best deal for your unique situation.
We don’t fund instant money. As an FCA authorised direct lender, we always carry out credit and affordability checks before approving your loan application. However, once we have approved your application, you can get the money paid into your bank within 1 hour.
Not with PaydayLoansOnline, we understand that you need money for an emergency, and we will always provide an instant decision at no extra cost.
Ready to apply online?
No hidden costs or fees
No paperwork
Flexible repayments
Bad credit considered
No obligation to accept
FCA authorized direct lender