Personal Loans
✔︎ Personal Loans / Instalment Loans
✔︎ Good or bad credit
✔︎ With or without guarantor
✔︎ Amount between £5,001-£10,000
✔︎ Term from 3 months to 5 years
Legal Information – Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
Payday Loans
✔︎ Payday Loans / Short Term Loans
✔︎ Good or Bad Credit
✔︎ With or without guarantor
✔︎ Amount £100-£5,000
✔︎ Term from 1-36 months
Legal Information – Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
Payday loans are commonly used to pay for any pressing bills or emergencies, helping you to receive money upfront and the flexibility to repay over 3, 12 or 24 months.
Customers can apply for up to £1,000 through Badger Loans and receive an instant decision on screen with a provisional loan quote. Subject to further checks and approval, you can usually receive funds to your bank account within 1 hour or the same day of applying.
We work with over 40 payday loans direct lenders and we will match your application with the lender most likely to approve you and offer the best terms.
To apply for a payday loan today, simply click on apply now and complete our online application form in less than 5 minutes.
What is a Payday Loan?
A payday loan is designed to pay for any immediate bills or expenses and essentially last you until ‘payday.’ Previously, the loans would only last for 2 to 4 weeks and you would repay in full on your next payday, the day that you get paid your salary from work. This type of product is an unsecured loan, so your loan is subject to status and does not require you put down any form of collateral.
Today, customers can apply for payday loans that are more flexible, with the option to spread repayments over 3,6,12 or 24 months, giving you more breathing space.
Badger Loans works with a list of direct payday lenders so that you are able to receive funds and make repayments with a responsible lender. This ensures that there are no upfront fees, hidden charges and your data is not passed onto multiple companies without your consent.
What is the Eligibility Criteria?
- Over 18 years of age
- Full-time UK resident
- Employed with a regular income
- Can afford monthly repayments
- No guarantor required
- Valid UK bank account, mobile and email address
Why Apply for Payday Loans with Badger Loans?
With so many payday lenders in the UK, it can be hard to find the best one or the best approval rates. Rather than the hassle of going to multiple lenders and filling in numerous applications, we have simplified this by providing a loan-matching system that will take your loan requirements and credit status and pair you with the lender most likely to approve you.
The process from Badger Loans will save you time, effort and keep your personal details as secure as possible.
We only work with FCA regulated lenders and assess every lender before they are included on our panel to ensure that they are committed to responsible lending and treating customers fairly.
Apply for Payday Loans without a Guarantor
We offer payday loans with no guarantor, so you do not need an extra person to co-sign your loan agreement and you can simply apply directly with the lender and no other people involved.
Guarantor loans are an effective way to borrow with bad credit, helping people to leverage the credit rating of another person to get the loan they need. However, not everyone wants to use a guarantor or have another person involved in their private finances. Hence, we offer a no guarantor payday loan so you can apply individually for a loan.
How Do Repayments Work for Payday Loans?
Payday loans are repaid in monthly instalments over the loan duration of 3 to 12 months. With equal repayments, you know exactly how much you are repaying in interest each month and can put money in your bank account ready for collection.
Collections are made via a process called continuous payment authority which automatically collects the exact amount owed each month from your bank account. This means that you do not have to make a manual payment, go to the bank or call up the lender to make a payment, since this is all taken care of.
You can choose which day you would like repayments to be made, with most customers using their payday from work this is when they are mostly likely to have money in their account, whether it is the last working day of the month, a specific date or a four-weekly cycle. Some borrowers like to choose the day just after payday, giving it some time for their work salary to be cleared.
You have the option to repay early at any time, and can just contact the direct lender to do so. You will often save money by repaying early since you are accruing less interest overall.
