Are you looking for a payday loan from a direct lender in the UK? Payday Bad Credit is here to help. We are a direct payday loan lender with a London-based team, who can process your application from start to finish. Our online short-term loan application is easy and quick to complete and, if approved, you will usually receive your funds the same day as the application. Applying for our payday loans is free or free of charge. We offer flexible terms for direct payday loans up to a maximum of £800 if you are a new Fast Loan UK customer.
Our interest rates range from 49.9% APR to a maximum of 1261% APR and loans available from 2 months (61 days) up to 12 months maximum. Regulations have been put in place within the Financial Conduct Authority (FCA) payday industry to ensure that the practices of some direct payday lenders who benefit from these high-interest charges and fees are not excessive. Payday loans, also known as cash advances, are short-term loans that you can use to cover sudden and unexpected expenses before your next payday. We approve a loan based on many factors, including the affordability of repayments; use the sliders on the home page to determine what is affordable for you and the total repayable amount. Many people think that home loans are the only types of loans available to people who receive benefits, since there is no need for a bank account and approval rates are higher. Payday Bad Credit offers instant payday loans with instant decisions on all the loans you borrow with us.
Despite the higher interest rate, the amount of interest you actually pay won't be very large due to the short-term nature of the loan. They are traditionally designed to help you with financial stability until payday and are usually easy to obtain.