Simple and transparent payday loans with unique MoneyBack offer

There are no additional arrangement fees to set the loan up, Our lenders simple charge on average £25 for every £100 cash advance borrowed.

However, Loan.co.uk has introduced a unique MoneyBack offer that drastically reduces the charges you would have paid. See table below.

Unique MONEY BACK offer example chart below

MoneyBack paid within 3 days of receiving the loan in your bank account. The above is an average example, MoneyBack may be more or less than stated depending on lender selected. You will be show MoneyBack amount before committing to a loan

The below table is an example of the interest payable without our MoneyBack offer.

Understanding the representative APR (not including MoneyBack offer)

The representative APR stands for Annual Percentage Rate and is the interest on the amount borrowed and other charges expressed as an annual charge rate. All lenders have to quote a representative APR and it is a reasonably good way to compare similar products.

However it is not so good when comparing different products.

Representative APR example: Borrow £300 for 30 days. The total charge for credit is £75. Interest is fixed at a rate of £25 per £100 loan. The Total Repayable is £375. Representative 1286% APR. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of instalment payments and amount of each payment. Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.

The APR% for Payday Loans may seem quite high at first glance. Taking into account that all setup fees and administrative costs are included and since most Payday Loans are paid over a period of no more than 70 days a yearly APR% might be misleading.In most cases taking a payday loan is much cheaper than paying overdraft penalties, bounced cheques or unpaid bill charges.

Please be aware that Loan.co.uk do not give advice or arrange any credit. All enquiries are passed on to our panel of brokers and lenders.

1286% Representative APR (doesn't include commission back to you)

Terms and Conditions apply. Your rates may vary based on your personal circumstances and with the actual lender we select and accepts you. Representative APR (Annual Percentage Rate of charge): 1286%. Representative APR example: Borrow £300 for 30 days. The total charge for credit is £75. Interest is fixed at a rate of £25 per £100 loan (Annual Interest Rate is 305%). The Total Repayable is £375. Representative 1286% APR. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of instalment payments and amount of each payment. Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.
* Subject to approval times and lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases. Loan amounts are based on consumer's credit history and ability to repay loan. Not everyone may qualify for £1,500.
Loan.co.uk is not a lending or banking institution and it does not broker loans to lending institutions. The personal information you provide will be provided to a third party lender to provide you with a loan application and the potential to receive a loan. Loan.co.uk makes no guarantees or warranties with regards to the availability of a loan or any other aspect of the terms and conditions of the lending institution. This web site places no value to this service. For details, questions, or concerns regarding your unsecured cash loan please contact the lending institution directly. Not all lenders can provide up to £1,500. Cash transfer time may vary between lenders. We assume no responsibility for the services or information you may receive from the lender. All loans are subject to credit approval. Certain limitations apply.

Disclaimer: As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reference agency upon your consent. Loan.co.uk is a licensed credit broker by the Office of Fair Trading 105 Hamlet Court Road, Westcliff-on-Sea, Essex SS0 7ES