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

Which payday loan is best for
people with bad credit?

Which payday loan is best for people with bad credit?

How Much Cash Do You Need?


Get Money Quickly when You Need It
When you have to have funds, you don’t want anything to stand in your way. Your bank may want to run a credit check on you and make lending into a long, drawn out process. You may not have time for that. Getting the funds together on your own may not be an option. You have a looming bill, and it needs to be paid right away. How do you get the funds for that?
It’s easy. Just apply for the loan you need through Power Funder. We make lending so easy that anyone can do it, no matter what their credit or financial situation is like.

How to Get Paid
Once the lender the loan comes from approves you for the loan, you can have your money deposited directly to your banking account in the next day or so. It can take from 1-3 days for the money to transfer. Once it does, you can start using it immediately.

Who Qualifies?
Almost everyone who applies for one of the loans offered by our many lenders is approved for at least one loan. You may not have a lot of options if you have made some serious financial mistakes in the past, but we will try to ensure you qualify for a loan that is close to what you are looking for. The better your financial situation, the more likely you are to qualify for the loan you want. That’s because lenders are looking for people who aren’t risky for them. They want people who are likely to pay them back on time, and when they take a look at your finances, they will determine if that applies to you.

How to Repay the Loan
The lender will make repayment arrangements with you. You will be responsible for sticking to the arrangements and repaying the loan in full, including any interest and fees accrued. If you pay late, then additional fees and interest may be added, increasing the cost of the loan. Be sure you make all payments on time and notify your lender if you are having problems doing so.

Get a loan online an to enjoy instant approval and same day funding

Looking to get a loan online with instant approval and funding features that can give you the money that you applied for within the day or the next day at the latest? If you are, then the good news is there is an assortment of FCA authorised online lenders in the UK that are ready to cater your need. All you need to do is fill out an application form that can take just a few minutes to complete and you will receive an instant lending decision after you hit the submit button. And if your application becomes approved, you can have the approved funds ready for use in just a single hour!

Get a Loan Online: What’s the amount that I can access?

You can get a loan online with ease and choose from an extensive array of available options with varying borrowing amounts. Depending on your borrowing needs, some of the options that you can consider include:

  • Short-term loans online like payday loans, doorstep loans, and short-term instalment loans with small borrowing amounts anywhere from £100 to as much as £2,000


  • Personal Loans with bigger borrowing amounts ranging from £1,000 to as much as £25,000


  • Guarantor loans with flexible borrowing amounts anywhere from £1,000 to as much as £15,000


  • Logbook loans with borrowing amounts that are normally equivalent to 50% of your vehicle’s market value.

how to get a loan online

Short-term loans Online

Majority of lenders offer short-term loans online with quick and seamless transactions that can provide same day funding without the need to do any paperwork or driving to the nearest bank. And while the loans are quite expensive compared to other available options in the market, you can also easily find deals that provide competitively affordable and reasonable rates. Simply compare the available options that you are qualified for and you should be able to secure the right deal that provides the best price.

Here are some features of short-term loans UK that you can find online:

  • Unsecured forms of loans that do not require any form of collateral or guarantor. This means that there is no need to attach a valuable asset or co-signer in your credit agreement.


  • While lenders will still conduct some form of check, you can still get approved regardless if you have a poor credit history or a none-existent one.


  • Your level of income and whether or not it is enough to afford the proper repayments is the most important criteria in getting approved.


  • Most short-term loans UK that are offered online provide same day funding with instant approval decisions. You can complete an entire loan transaction, from filling out the online form to getting your funds ready for use, in just a few hours.

Short-term loans online are financial products that are recognized and regulated by the FCA or Financial Conduct Authority which means the loans are 100% safe and legal for credit consumers. This also means that your lender will need to evaluate your application carefully so they can offer you a credit agreement that is suitable to your present financial circumstances as mandated by law.

Bad credit Loans Online

You can also shop around online for bad credit loans that are designed particularly to cater borrowers who have adverse credit ratings. It’s important to note however, that there are lenders who provide instant decision and there are those that don’t and this is something that you might want to look into before you apply especially your need for funding is urgent.

To obtain quick loans that offer instant approval, try to look for lenders that directly advertise the feature in their websites. If you manage to find bad credit loans with same day funding or bad credit loans with instant approval, you should be able to complete your loan transaction with relative haste. With the right lender, you will mostly like receive an approval response in less than a couple of minutes so long as you meet the borrowing requirements.

Get a loan online from the right lender

An increasing number of people in the UK are going online not only to find certain products and services but also to obtain loans as well because of the convenience that it provides. When you get a loan online however, you need to know how to secure your personal and financial data first. A single unauthorized access to your information can compromise your identity or your finances in a snap of the finger. For this reason, practicing caution is important especially when you apply online where there are plenty of illicit lenders and scam artists on the prowl for unsuspecting users.

So you can get a loan online that is safe, legal, and reliable, the first thing that you need to do is to apply from the right lender. But how will you know if it’s the right lender?

First, the lender must be licensed by the FCA or Financial Conduct Authority to guarantee that it is indeed legally permitted to operate in UK’s lending industry. This also ensures that the lender is not a loan shark who peddles exploitative loan deals that are not allowed by law.

Second, the online lender must operate a website that is secured and encrypted and you can go about this by checking its URL or web address. If it starts with “https” and has a lock symbol with the word “Secure” next to it, then this means that the site is secured and the information that you send via your application will be encrypted for privacy and confidentiality. It also means that all your personal and financial information will be protected with advance data security systems to ward off hacks, online phishing, and other sinister tactics that internet thieves utilize.

And finally, the right lender to get a loan online is one that is responsible and considerate to the needs and concerns of its borrowers. Try to do some research on the lender before you enter into a credit agreement so you will know its track record and how it goes about servicing its clients.

how to get a loan online

The Lenders List

Loan amount
£100 - £3,600
Loan term
3 - 12 Months
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Loan amount
£100 - £5,000
Loan term
1 -12 Months
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5 most recent personal loan reviews

Review of Police Credit Union

Since the very start coming to PCU back in June 2016 I have been 100% happy with the way the whole staff have looked after me and helped to make my future a lot happier for myself and family thank you PCU.

Review posted by David Green

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of AA

I have used the AA twice now and on both occasions they were extremely helpful and courteous to deal with. I would certainly not hesitate in recommending them to anyone.

Review posted by Patricia Greaves, Warrington

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Future Finance

My daughter applied for a loan with me as her guarantor. I only got a call to confirm a few details on the application form and money was in my account within 24 hours. Fantastic service and would recommend Future Finance loans to anyone refused a loan by the high street banks. Thanks for taking the financial stress from my daughter.

Review posted by Freda Humphries, Maidstone

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

To guarantee authentic and unbiased reviews we have used Trust Pilot.

Representative Example:
305.9% APR. £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% (variable)

Please note:
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances