Direct Payday Loans

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Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45 , 4 monthly repayments of £224.60 , last monthly repayment of £112.20. Total repayment of £1,179.05. Interest Rate p.a. (fixed) 185.39%. Representative APR 611.74%.

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

Direct lender payday loans allow you to make an online application and receive the funds instantly into your bank account if you are successful. In reality, instant loans do not exist as FCA regulated companies must carry out some affordability and credit checks prior to funding any loan. But Payday Bad Credit can help – we are an authorised lender who can provide money transferred to your bank account in 1 to 2 hours, or sometimes sooner.

The entire application process is online, so if you are looking for quick loans, we can process your application to provide funds within the hour. Simply click on apply now below where you will be taken to our form. Once you have filled in your details, you will receive an instant decision letting you know if your application has been provisionally accepted or not. If successful, you will be asked to sign an online agreement, complete some final checks and funds can be transferred to your bank account.


When Would You Need Instant Payday Loans?

Instant payday loans are best suited for those with emergency expenses and looking to borrow a few hundred pounds to tide them over. We never know when an unexpected bill is going to pop up, whether it is car repairs, a medical bill or an urgent home repair.

The average car repair bill in the UK is £125 to £200 and other typical emergencies include up to £1,250 for a broken boiler or maybe you need a portable air conditioning unit at around £500 to handle the heatwave.

Life is unpredictable and even if we try hard to save money, we can never be certain when a problem will occur and will need money to be fixed. There are also things with a tight deadline such as rent, household bills or a broken boiler which need instant loans to get us back on track.

The benefit of the loans we facilitate at Payday Bad Credit is that they provide the money in one lump sum, so that you receive the money into your bank account and can pay off your expensive quickly.

Repayments are then made every month for several months (that you can select), whether it is 3, 6 or 9 months and you have the choice to repay early if you wish to. This gives you the much needed breathing space to be able to repay your loan off in small instalments, so that you can get your finances back on track very soon indeed.

Can I Get an Instant Decision Loan With Payday Bad Credit?

Yes, once you have completed our loan application, you will receive an instant decision on the screen letting you know if you have been provisionally accepted or not. We will then carry out a several credit and affordability checks. We may ask you to provide further information such as proof of income with a payslip or bank statement, we will then let you know once you have been approved and the money will be funded into your bank soon after.


How Do Instant Payday Loans Work?


Provisional acceptance: As mentioned, instant loans are not something that can be provided, since payday lenders and other similar companies must carry out sufficient checks before funding a loan to ensure that customers can afford their loans and do not fall into financial difficulty. Since the introduction of the FCA as the governing body of the payday loan industry in 2015, instant loans no credit check are therefore something of the past.

In addition, a lot of lenders only make a batch repayment every couple of hours or on the hour. So whilst a loan is not instantly paid, it can be set up for the next payment run.

Nevertheless, if customers have the right criteria initially, they can be “provisionally accepted” and subject to some further checks, they can receive their funds very quickly indeed. This includes having a sufficient credit score, being in employment and having a registered address with their local council.

Funded within 1 hour: Lenders will carry out further checks including credit scoring and affordability checks to match the amount you wish to borrow with your level of income and current debt. In some cases, payday lenders will request proof of income with a copy of your bank statement or pay-slip. Some lenders also like to have a quick phone call with the customer prior to funding, just to confirm some further details such as loan amount, repayments etc. But provided that all your information checks out, your instant payday loan can potentially be funded in around 1 hour or less.

Am I eligible?

To apply for a loan with PayDayBadCredit you must be:

  • Over 18 years of age
  • UK resident and living in the UK full-time
  • Working in the UK and earning a minimum of £500 per month (full or part-time)
  • Working current account (to receive funds and make repayments)
  • Working UK mobile phone account and email address
  • Adverse credit considered
  • Able to afford monthly repayments

When making an application, you will be required to verify your account with a PIN code sent to your phone and a unique email link. This gives you access to you personalised loan agreement and you use the PIN code to electronically sign it. This means that there is no need for printing off lots of forms, signing and scanning them, or waiting for the mail to arrive – the process is very much automated online and helps you move things along quicker.

But ultimately, it means that you are confirming your email address and mobile number which means that we can contact you in the future if need be.

How to Apply for an Instant Cash Loan?

You can start your application with Payday Bad Credit by clicking on the ‘apply now’ button below. You will taken to an online form and asked to fill in a few details about yourself including: name, address, employment, income, expenses and bank details. The form takes around 3-5 minutes to complete and is accessible on mobile, desktop and tablet.

Our loans for bad credit are designed in a way to minimize the impact on your credit-file. We will then run a soft credit check to give you an instant lending decision. If we can’t fund you the loan ourselves, you can activate our free brokerage service where we will try to find you another lender who is happy to fund you a loan.


Representative example:

Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment of £1,179.05. Interest Rate p.a. (fixed) 185.39%, RAPR 611.74%. Our APR includes all applicable fees. Daily interest is capped at 0.798%.

Payday Bad Credit is a trading style of Western Circle Limited – Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority.
FCA full permission license: 714479
ICO Registration Number: Z3305234

Payday Bad Credit terms and conditions apply.

Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Payday Bad Credit responsible lending policy. Loan limit maximum of £1,500.

In most cases, loan decisions may take up to 30 minutes during office working hours.
If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.

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