Lending amounts of: £100 – £5,000
Borrowing periods: 1 – 36 months
We’re a no-fee broker, offering simple payday loans for the UK with no hard search credit checks, and cash usually deposited in 10 minutes
Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).
Straightforward Payday Loans Online
Step One - Apply
Select the amount you want to borrow, followed by the time period in which you will repay the loan.
Step Two - Decision
Once you’ve filled in our online application form, submit your information and receive a decision in seconds.
Step Three - Cash
Once you have accepted the loan agreement, the money will be sent straight over to your bank account, hopefully within 24 hours.
LoanBird’s Fast and Free Payday Loans UK Service
With the sheer number of lenders claiming to offer the best payday loans online, how can you make sure that you’re getting the best deal?
LoanBird is here to help you find the best deals online with our fast and free payday loans UK service. We are a fully licensed broker, offering payday loans in the UK from multiple FCA approved lenders to save you from doing the hard work. Our website and handy loan tool compares the best lenders in the UK under one roof, making it easier than ever to find a deal that best suits your needs and affordability.
With around 2,000 users every day and fantastic feedback from our many happy customers, LoanBird is determined to help people across the UK access the finances they need with ease. To start your journey with LoanBird, apply now and you could have the cash you need today!
What are Payday Loans in the UK?
Payday loans are a type of loan that can be used to cover short-term cash flow issues until your next pay cheque comes in. Most lenders offer payday loans online of up to £5,000 and can send money to your bank account within 10 minutes of approval, which can make a world of difference in an emergency.
This form of borrowing is designed to be used for unexpected and unavoidable payments such as emergency bills or car repairs that are higher than usual. The loan types are not suitable for non-essential purchases such as holidays and luxury goods. They are also not suitable for debt consolidation. However, at LoanBird we offer many different types of loans, and you can access them all with one simple application form!
You can borrow from anywhere between 1-month to 36-months, providing an opportunity to choose a payment plan that works for you. You’ll be able to spread repayments over up to 36 months, giving you true flexibility over your total monthly expenditure.
Are You Eligible for Payday Loans in the UK?
Here at LoanBird, we aim to offer our services to as many people as possible. You are welcome to apply for payday loans online with us if you meet the following straightforward eligibility criteria:
• Aged 18 years or older
• A UK citizen
• Hold a valid UK bank account in your own name
• Have a monthly income (e.g. from full or part-time employment or self-employment)
You will need to provide proof of your identity, as well as a direct contact number and email address so our lenders are able to contact you and speed up the lending process.
We will also require proof of your employment status and monthly income; this is so we are able to see that you will be able to afford the agreed repayments. At LoanBird, we want to ensure that you’re making the right decision and do not recommend any payday loans direct lenders where proceeding may cause you further financial difficulty.
Benefits of Our Payday Loans Online
If you have a less than perfect credit score, many payday loan lenders may not be willing to lend to you. The catch is that you won’t find out until the company has already performed a ‘hard search’ credit check, which remains in your credit file for two years. Applying with different lenders and having multiple hard searches on your file can actually damage your credit rating further.
When you apply with LoanBird, we only run a soft search, which does not appear on your credit file. Another benefit of our services is that we work with a great number of lenders which gives you the best chance of being matched up with your ideal payday loan with just one simple application.
After you have chosen your preferred lender, they will need to run a hard search credit check in order to approve your application properly. You should be wary of lenders who offer no credit checks, as it is likely that they are not a legitimate company and are not abiding by FCA regulations. Credit checks are carried out to protect borrowers from taking on more debt than they can manage. Choosing a company that does not perform them means you will likely be at risk of fraud.
Borrow with Confidence
As a licensed broker, we accurately and efficiently search a large majority of lenders. This ensures that you find tailored loans that suit your needs. Each company on our lending panel is a fully authorised and regulated lender, meaning you can feel confident with whatever choice you make.
No Brokerage Fees
We provide a completely free to use service. We don’t charge brokerage fees to match you with the best payday loans online and promise that at no point throughout the quote or application process will we add any extra charges or fees.
We take your privacy and security very seriously. We never pass your details on to a third party except where you give us express permission to do so, and this is only ever with your chosen lender in order to move forward your loan application. The only contact you will receive will be from your chosen borrower after you have submitted your application, and they will only do so in relation to your loan. For more information on this, please see our terms and conditions.
Bad Credit? No Problem
Our advanced networking tool provides access to lenders who assess based on affordability, offering loans online to suit all circumstances. We are frequently able to help people with bad credit get approved; simply apply today to find out if we can help you too!
Please note that we cannot make any decisions when it comes to lending or providing credit for any of our customers. Each company on our lending panel is a fully authorised and regulated lender, and they will make their own judgments when it comes to providing any form of credit.
Same Day Decision
At LoanBird, we don’t make you wait around. In the unlikely event we are not able to match you with a lender, we’ll let you know immediately, and there will be no lasting record of the application in your file. Most payday loans will be approved on the same day of application.
You will be able to choose flexible repayment dates that work around your pay dates. Most lenders request a regular payment such as a direct debit, or a recurring visa payment known as a Continuous Payment Authority. This allows them to debit the repayments directly from your account, ensuring you never default because you’ve forgotten to make a repayment. However, you may also be able to make the repayments yourself.
Apply for the Best Payday Loans Online Today
We strongly believe in treating our customers fairly whilst offering easy access to all of our payday loans UK lenders. Why not join the 2000 people already using our service every single day?
At LoanBird, we’re confident that we help people find the best financial assistance to suit their needs and circumstances. We want you to be sure you’re making the right decision, so if you have any questions about our services simply contact LoanBird today.
If you are looking for direct payday loans in the UK, take a look at what we can offer you. Our service is fast, free and leaves no trace on your credit file – apply now!
Payday Loan FAQs
Are payday loans expensive?
While they’ve had a bad reputation in the past, payday loans are now one of the most regulated loan options in the financial market.
They are subject to price caps, meaning interest and fees cannot surpass 0.8% of the amount borrowed per day, and you’ll never pay more than 100% of the loan amount in interest. Late repayment fees have also been capped at £15. Because of these changes, they now offer more transparency and easier borrowing terms, and you can be more confident in using payday loans online in the UK.
LoanBird is an FCA authorised broker. You can find us on the FCA register under our company name RJW Assist LTD, and our reference number 788094.
Is LoanBird a UK payday loan lender?
Loanbird.co.uk is NOT a payday loan direct lender, we are a licensed broker. This means that we do NOT make any decisions when it comes to lending or providing credit for any of our customers. Each company on our panel is a fully authorised and regulated lender. They will make their own judgments when it comes to providing any form of credit.
We will accurately and efficiently search a large majority of payday loans UK lenders to ensure that you find a loan that suits your needs. Our clever tool isn’t just free to use, but it’s been designed to supply a tailored loan offer to any individual who chooses to use it.
Can LoanBird offer guaranteed payday loans?
Because we follow the FCA’s guidelines for responsible lending, it isn’t possible for us to guarantee payday loans online in the UK. We wouldn’t match you with a payday loan direct lender in the UK that would be likely to lead you into financial difficulty. However, we are able to help the majority of applicants find a lender that suits their requirements. It also means that if you are matched with a loan, you can proceed confidently.
Be wary of companies posing as lenders saying they can guarantee you a payday loan. Until your state of affairs have been looked into no company will actually know.
Why choose LoanBird for payday loans?
One reason many people turn to LoanBird is due to us having access to most of the UK’s lenders very quickly. Normally within a couple of minutes! Our short term multi-lending platform works to deliver financial support without any longer-term ties or financial responsibilities, such as secured loans or bank-issued loans.
What’s the application process like for a payday loan?
It’s very easy to apply for direct payday loans, with most providers allowing you to simply apply online. Some providers do also have outlets or stores that you can use to apply in person!
When you apply for a payday loan, the lender will take your information. This will range from your date of birth and address, up to your employment information – including your salary.
This information will be used to work out whether you’ll be accepted for a loan, and if so, for how much. Once you’ve been accepted, the funds will be paid directly into your bank account, usually on the day you apply.
How can I be sure payday loans online are safe?
Firstly, check that you’ve chosen a lender or broker that is authorised by the FCA. Never take out a payday loan with a company that has contacted you out of the blue, or that asks you to pay upfront fees. When entering any personal or financial information, look for the padlock symbol in the address bar of your browser to make sure you’re on a secure site.
Do the repayment rates stay the same with direct payday loans?
Your repayment rates should never change, but we would always recommend checking this with your lender before you apply.
One thing to consider before you apply for a payday advance loan is the repayment rate. Payday loans in the UK often have a much higher repayment rate than other forms of credit. Such as a bank loan or a credit card, though you’re much more likely to get accepted for a payday loan, even with a less than perfect credit score.
With that being said, a payday loan could be exactly what you’re looking for. Perhaps you’ve received an urgent bill that needs to be paid today, and you simply don’t have the cash available. Well, a payday loan direct lender in the UK could tide you over until you do.
Do I have to pay back direct payday loans within a month?
No, many of the direct lenders we partner with allow you to take up to 36 months to repay your loan. Your repayment terms will be based on the information that you provided at the application. You’ll be able to choose a maximum repayment term, such as 12 months. However, you should keep in mind that the longer you take to pay your loan off, the more you’ll end up paying over time due to the interest.
How are payday loans repaid?
Your repayments are likely to be a portion of your total monthly pay if you can’t pay the loan back by your next pay check. As this type of credit should be used to tide you over until you get paid, you should always aim to pay in full within a month where possible.
Each payday loan direct lender in the UK will offer different ways to pay them back. Most lenders will request a regular payment such as a direct debit, or a recurring visa payment. This allows them to debit the money each month, directly from your account.
Can I cancel a payday loan after I’ve taken it out?
It’s helpful to note that you’re locked into a 14 day ‘cooling off’ period with the lender. This means that you can cancel your agreement at any time within the first 14 days. You will still need to pay back all the money you borrowed, along with any interest incurred up until the cancellation.
It is important to remember that payday loans in the UK are exclusively for short term lending. They should not be considered for longer term borrowing, and are strictly an immediate solution.
Should you use payday loans for utility bills?
As we’ve discussed, payday loans in the UK can be expensive when a high-interest rate is involved. Despite high-interest rates, many people still opt to borrow even if they have poor money management qualities. What you should be aware of is that it might not be as costly to keep your utility bills in arrears.
Make sure you liaise with your utility provider though, as the last thing you’d want is all your amenities being switched off.