Quick Loans

Representative Example:

Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09%.


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

Quick Loans allow you to borrow up £1,000 and receive funds within 1 hour of approval. At Payday Bad Credit, we work with a number of quick loan companies who can process your application and help you receive funds with a matter of hours or on the same day. Our lenders use a system known as FPS (faster payment system) allowing funds to be transferred faster than a standard BACS payment.

Our products are specifically bad credit loans, for those individuals who may have missed some payments in the past but are ready to apply for finance and rebuild their credit scores. Working with a range of companies, they are pleased to take a view on those with adverse credit histories and instead look at your recent track record, your income, affordability and expenses to make a decision.

The online application at Payday Bad Credit takes just a few minutes to complete and you will receive an instant decision letting you know if you have been provisionally accepted or not by one of our featured lenders. There are no upfront fees for applying and you can simply get started below.

What are quick loans used for?

quick-loans-applyQuick loans are designed to help people pay for immediate and emergency expenses. Whilst we always put money away for a rainy day, we never know when we are going to need money fast. When you are running a household, a car and having children, there are plenty of expenses that come from out of the blue including home repairs, urgent plumbing, broken down cars, doctor bills and more.

Sometimes we need just a little extra money to see us through the month and this is where a quick loan can help. No need to worry how you are going to make it to the end of the week – you are able to borrow a few hundred pounds to restore some order and give you some breathing space. Successful applications have the money transferred to your bank account in one lump sum so that you can use the funds and pay for your expense immediately. Simple.

How do quick payday loans work?

Payday loans are used to provide you with much needed income, until you receive your salary from work, known as your payday. So whilst many people will be waiting for payday to get their next pay cheque from work, you can access the money faster through a quick loan and then pay interest for the duration of the loan term.

Traditional payday loans were typically used within 2 to 4 weeks whereby customers would borrow the money and then repay on their next pay date. The average sum borrowed was £200 and customers would commonly repay £240-£260 back.

Recent changes following FCA regulation have moved away from the traditional payday model to a more instalment loan product – so quick payday loans today are more likely to be repaid over 6,9,12,18 or 24 months, giving customers much needed breathing space and the ability to repay loans with smaller payments over a longer period of time.


How can you speed up the application?

Lenders are always required to carry out checks prior to funding a loan and therefore they require at least 1 hour before being able to transfer funds. However, there are some things you can do to speed up the application process:

Have your details ready: Your loan application always starts with filling in some information online, which you can do by clicking on ‘apply now.’ You can make sure that you have your details ready when filling in the Payday Bad Credit form. Information that is required includes your monthly income, expenses and bank details so that the lender knows where to send the money to. You can avoid scrambling through papers and instead have your information at hand and ready to go.

Make sure you meet the criteria: The lenders we feature (and most payday lenders) require you to be over 18, living and working in the UK, in employment and earning over £500 per month. If you are unemployed, on benefits and have no income, this will inhibit your chances of being accepted. So making sure you meet the basic criteria is key to making the next stage of the application.

Provide accurate information: To make sure that your application runs smoothly, it is essential that you provide accurate information and do not try to outsmart the lender or beat the system. With thousands of checks carried on a standard application, the quick loan lenders we feature will notice any fake addresses, wrong bank details or over-inflated income. Plus, it is always important to give your own information and not apply on behalf of somebody else.

You have peace of mind that our website is secure and your information is held confidentially, so you can enter your correct details and get your application processed as fast as possible.

Make yourself available: The lenders we work with may have some additional questions for you and may request a proof of income or utility bill to show proof of address. To truly speed up your application, you should be in front of a screen and near your phone so that you can answer any questions by phone, complete the online loan agreement and electronically sign the form. If you make an application whilst at work or on the go, it may slow you down and you may have to wait before taking the next steps.

Keep your credit file clean: Whilst this might take a bit of time, there are ways to tidy up your credit record to make it more attractive for a prospective lender. Of course, we cater for quick loans for bad credit, but a good credit score will always maximise your chances of approval and help you get access to the best rates.

If you can access your credit file using Experian, Noddle or Equifax, you can make some quick changes and see how your credit score improves. This includes joining the electoral roll and closing down any store cards or credit cards that you do not use – as this will show you having less outstanding debt and is preferred by lenders.

How soon can funds be in my account?

If your application is successful, funds can typically be transferred to your bank account within 1-2 hours.

Our lenders will run a number of checks to determine your eligibility and although they may request further information (payslips, bank statements) and request a phone call to confirm details, your loan can still be completed and transferred on the same day of applying.

We understand that if you need money for an emergency, you need it quickly and our lenders have processes set up to ensure a fast transfer.

Can I apply for a quick loan online with Payday Bad Credit?

Yes! You can apply with Payday Bad Credit for our quick loans online. Our form only takes a few minutes to fill and there are no upfront fees for applying. Our commitment to responsible lending means that we treat customer data very seriously and will only put your application forward to lenders who are FCA authorised and will process your application responsibly.

For any questions relating to our products, please contact us here.

Representative example:

Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09%.

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 £1,000.

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.