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Representative 305.9% APR

*Lowest Rates Guaranteed to your circumstances from one of the UK’s largest panel of lenders.

Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9%pa (variable)

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How To Compare

We use Monevo’s award winning technology to search one of the UK’s largest panel of Lenders, to help find you the best rate available to your circumstances

Arrow My Personal Loans Why My-PersonalLoan?
You can apply to borrow £100 to £5,000* Instant Decision*
What is the loan repayment term? 3 months to 12 months 100% Online
How loan does it take to get funds? Funds in 10 minutes^ Free Quote
Do you charge Fees? We charge No fees Safe and Secure
What if i have poor credit history? All credit histories welcome No Obligation
Payday Loans

Here at My-PersonalLoan we want to make sure all of customers fully understand everything that they need to know. That’s why we have answered some of the most frequently asked questions about payday loans below;

What is a Payday Loan?

Payday loans usually mean an unsecured short-term loan, meaning, it is a small amount of money for a short amount of time. The term payday refers to customers typically being able to pay back the loan from their next pay cheque.

In an ideal world, we would have money set-aside for emergencies and short-falls, however, we understand that this is not always the case and sometimes you will need to borrow with little notice. We cannot guarantee that all customers will be accepted by a lender, but have found, because of the higher interest rate charged, that acceptance rates for online payday loans are higher.

Ccustomers benefit from their application being seen by multiple lenders in an instant! You are able to put your loan application in front one of the largest loan panels in the UK. We are classed as an Introducer Appointed Representative of Quint Group Ltd who are a credit broker and not a direct lender.

Online payday loans make applying for and ultimately receiving your loan if accepted, easy and simple. A typical application form takes minutes to complete, and funds could be in your bank within 24 hours. Traditional high street lending can be inconvenient, with the time taken to travel, support only within the shop opening times and the lack of anonymity. Applying for an online payday loans is a quick and simple experience without the need to leave your home.

What Should Instant Payday Loans be used for?

Payday loans can be used for a variety of short-term situations. A typical use is a financial emergency, such as a boiler breakdown, car repairs, overdrawn bank account or unexpected bills. A payday loan should not be used as part of a long-term borrowing plan, as the high interest rates may make it hard to pay back the loan in full. If you are finding it hard to or think, you may not be able to make a payment, always contact the lender in the first instance. They may still charge a late payment fee, however, talking to the lender, will likely stop the situation escalating to a debt collection agency and avoid a note being put on your credit report. If you are struggling with debt, contact the Money Advice Service (https://www.moneyadviceservice.org.uk/).

Am I Eligible for a Payday Loan?

Everyone applying for a Payday Loan will have different circumstances, however, there are some criteria which usually has to be met by most lenders in our panel. There are; being a UK Citizen, be 18 or over, have a UK bank account and ideally be employed. Some lenders may require other criteria to be met in order to accept your application, such as be working more than 16 hours per week, so bare this in mind when you apply.

Do you offer bad credit payday loans UK?

It is assumed by most lenders, that customers applying for a bad credit payday loans UK do not have the best credit rating. Yet, your credit score is not the only factor considered when applying. Lenders will also look at your ability to repay, your outgoings, your employment status and how much you usually earn. A low score does not necessarily mean you will be declined for a loan. A bad credit score upon application may mean you are offered a higher interest rate on the loan, a different loan term or even a different loan amount.

What if I have no Credit?

Having no credit recorded on your credit file does not mean you will not be accepted for a best payday loans. Lenders will look at more than just your credit score to assess how much of a risk you are, a risk meaning, Will this person be able to pay back the loan? Lenders will look at your employment, expected bills and your age, amongst other details.

What effect will having a Payday Loan have on my Credit Report?

It can sometimes be a worry, when applying for credit, how it will influence your credit score and report, however, if you paid your payday loan off in full and on time, this may have a positive effect on your score, as you may be seen as a responsible borrower. Future loan and credit companies may see that you were able to take out a loan and repay this as per the terms of your agreement and may be more inclined to lend to you.

Therefore, you must always make sure you will have the means to pay back a loan before signing a credit agreement.

What is the application process for a best Payday Loans?

When applying for a best Payday Loans UK, you will be presented with a simple online form, split into 5 sections, these include;

It takes around 5-10 minutes to complete the application form.

Once you submit your form, the advanced match technology will match you to a lender providing the best deal for your circumstances. Remember, your application is seen by a panel of up to 30 lenders, ensuring you get the best payday loans UK, in market rate based on your details.

If accepted, you will then be redirected to the Lenders website, where you will complete the process and be notified as to when you will receive your funds. Remember to read the Lenders terms and conditions of the loan agreement before you agree or sign.

Broker or Lender, what is the difference?

A Lender is the organisation, which loans out money to customers. Lenders handle the repayment agreement and they are the ones to contact regarding any changes or questions you may have about your loan. A Broker is the company, which offers a range of loan options from many lenders to customers. This enables the customer to get the best rate for them, without applying to numerous lenders directly, which can be time consuming and disheartening if declined several times, before finally getting a loan.

How Much Can I Borrow with a Payday loan?

With a payday loan UK you can borrow between £100 – £3,000* APPLY ONLINE NOW

If you are looking for more than £2000 please apply for a personal loan where you can borrow between £1000 – £25,000* APPLY ONLINE NOW