Quickquid.co.uk, Onstride.co.uk and Poundstopocket.co.uk are a trading style of CashEuroNet UK LLC (In Administration) (the Company). Registered in England and Wales. Registered Number: FC032279. Registered Address: c/o Grant Thornton UK LLP, 4 Hardman Square, Spinningfields, Manchester M3 3EB. Payday loans come with a much higher APRs than almost all other forms of credit. In the UK the Interest and fees are capped at 0.8% per day, but it’s always important to take into account the full cost of the loan before you apply. How do payday loans work? Compare Payday Loans When you need to borrow up to £2,500 for a short period of time, say, until next pay day, you have a limited number of choices. Borrow from the bank, your mates or get a payday loan. We've set this site up to help you compare payday loans, as we can't hope to know what your mates will make you repay! Loans can broadly be divided into two categories: secured and unsecured. With a secured loan, the lender will insist on some sort of security against the money you borrow, often a house or car. IF YOU BORROW: £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR, YOU WILL OWE: 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total. Max APR 606.3% (based on £272 over 12 months). Logbook loans are secured against your vehicle and are subject to affordability. 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% Our APR includes all applicable fees. Compare the listed lenders on the homepage or select the amount or term you want to borrow and consult the given lenders. When your choice is made, click on the 'Apply now' button and the selected lender's website will open in a new window. You can then apply for a loan on the chosen lender's website. Compare Loans. A loan can be an effective way of getting financial help when you need it, but only if you use it in the right way. That means making sure you’re comfortable with the repayments you’ll need to make each month, alongside any other financial commitments you already have. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing. Payday loans charge more for a month than credit cards do for a year Payday lenders usually charge a fee instead of an interest rate. Typically, a £100 loan for a month has a fee of around £25, so you need to repay £125.