Payday Loans UK | Quickly Apply Now with Good or Bad Credit

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Payday Loans UK
Quickly Apply Now with Good or Bad Credit

Payday Loans UK

Payday loans are commonly used to pay for pressing bills or sudden emergencies. You could receive your money quickly (within 1-2 working days) and have the flexibility to repay between 1-60 months.

Customers can apply for up to £25,000 through Badger Loans and receive an almost instant decision. Subject to further checks, you could potentially receive funds within 1 hour or the same day of applying. More likely, as stated above, you will receive your money within 1-2 working days. To get money quickly your bank would need to use Faster Payments. We work with up to 30 payday direct lenders and we try to match your application with the lender most likely to both approve you and offer you the best terms.

To apply for a payday loan today, simply click on apply now and complete our online application form. It shouldn’t take longer than 5 minutes to complete. If you are new to Payday Loans and lending in general we advise you to take a look at our recent guide and blog post about our Bad Credit Payday Loans Guide for 2024. If you love reading about Payday Loans (and who doesn’t?!) there’s another post here with tips on how to get the best payday loans on offer.

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What is a Payday Loan?

Payday loans were originally designed to pay for any immediate bills last until your next ‘payday.’ The loans would only last for 2 to 4 weeks and you would repay in full the day you got paid your salary from work. Today, payday loans have become more like regular unsecured loans. Your loan is subject to status and does not require you put down any form of collateral.

These days customers can apply for payday loans that are more flexible. You have the option to spread repayments over 1-60 months, giving you more breathing space.

Badger Loans works with a list of direct, FCA authorised, payday lenders. This means you are able to receive funds and make repayments with a responsible, regulated lender. This also 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
  • Valid UK bank account, mobile and email address

Why Apply for Payday Loans UK 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. We have removed the hassle of going to multiple lenders and filling in numerous application forms. We have done this by providing a loan-matching system that takes your loan requirements and pairs you with the lender most likely to approve you while charging the least interest.

This process will save you time, effort and keep your personal details as secure as possible.

We only have FCA regulated lenders on our panel. We assess every lender beforehand to ensure that they are committed to responsible lending and treating customers fairly.

Apply for Payday Loans without a Guarantor

We offer payday loans on a no guarantor  basis so you do not need an extra person to co-sign your loan agreement. You simply apply directly with the lender with no one else involved.

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 your money.

How Do Repayments Work for Payday Loans UK?

Payday loans are repaid in monthly instalments over the loan duration of 1 to 60 months. With equal repayments, you know exactly how much you are repaying in interest each month. Make sure you have enough money in your bank account ready for collection on the due date.

Collections are made via a process called continuous payment authority or direct debit. These automatically collect 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 as 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 or a specific date.

You have the option to repay early at any time, just contact the lender to do so. You will often save money by repaying early since you are accruing less interest overall.

No Refusal Payday Loans UK Direct Lenders

The first thing we should do is clear up any misconceptions about the types of loans on offer here in the UK. Is it possible to get a ‘no refusal payday loan’ ? The answer is no. There are no lenders in the UK who offer loans on a ‘no refusal’ basis.

Like ‘no credit check’ loans and ‘guaranteed’ loans, they don’t exist either. Payday loans have traditionally been easier to obtain than other loans due to their short term nature and willingness to lend by the lender. Please don’t let that confuse you with them being offered on a ‘no refusal’ basis though. You will still have to show you can afford the repayments, most likely prove your income and show an understanding of the product you are applying for.

Although payday loans can have higher acceptance rates compared to other loans, there is no such thing as ‘no refusal’.

Why Apply For An Unsecured Loan with Badger Loans?

  • Amount between £100-£25,000
  • Term from 12 months to 5 years
  • You need an Unsecured Loan
  • Good or Bad Credit
  • No Guarantor Required

Legal Information

Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. The total amount repayable is £1564.59. Interest amounts to £564.59, an annual interest rate of 59.97% Representative APR: 79.5% (variable).

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