Cheap Payday Loans

£100 - £5,000 paid out by 04:27am

How much would you like?


Representative 669.35% APR

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.
*Omacl will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

Get the Money You Need with Cheap Payday Loans

There are lots of different lenders that give out payday loans, but not all of them will provide you with the best possible deal. If you need to borrow money but don’t want to spend a ton on interest, it’s important for you to look into cheap payday loans. With all of the different options you have, it is essential to take your time so you can find the best one. Despite what you might have been told by others in the past, getting a payday loan doesn’t have to mean spending a lot of extra money.

How much would you like?

Apply Now

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

Are Interest Rates on Payday Loans Always High?

It is true that interest rates on payday loans tend to be higher than others, even if you use a guarantor – but that doesn’t necessarily mean that you have to spend a ridiculous amount on top of whatever you borrow. The fact is that there are cheap payday loans that come with a very reasonable interest rate. A lot of people end up paying more than they need to because they didn’t do their research. You can get the loan you need with a rate that won’t cripple you financially.

What Fees Are Associated with Payday Loans?

You will want to learn about some of the more common fees that can come with getting a quick loan so you are prepared. If you are late with paying back your loan, you will have to pay additional fees. It is very important that you know exactly when your loan amount is due so you don’t end up going deep into debt. Late fees on these loans can be quite steep, which is all the more reason to pay yours back on time. Take the time to look through the contract you are given to sign by the lender to make sure there aren’t any hidden fees involved.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

How Much Can I Borrow with a Payday Loan?

The amount that you are able to borrow with a payday loan will at least partially depend on your income. The more money you make from each individual pay cheque, the higher your borrowing limit is going to be. These lenders usually have a maximum borrowing amount of around £1,500 to £2,000. Your credit and employment history will also be factors that the lender will consider before deciding how much you can borrow.

How do I get a Cheap Payday Loan?

If you want to save yourself a very significant amount a payday loan, it is important to use the internet to your advantage. You will want to go online and compare loans from different lenders so you can find one in particular that can offer you the best overall deal. Not all lenders are going to charge you the same interest rate, so it is very important that you find one that can provide you with reasonable terms for the loan you need.

cheap payday loans

What should I look for in a Payday Loan Lender?

When you are trying to find cheap payday loans, it is important that you pay attention to more than just the interest rate each one charges. You will also want to look into the following:

  • Professionalism: When you speak with the lender, do they seem professional? It is imperative that you choose someone who comes off as professional so you know you can trust them.
  • Experience: Find out how long each lender has been in the payday loan business, because this is something else that really counts.
  • Communication: You want to find a lender that is good about communicating with their customers when they have any questions or concerns.
  • Fairness: You want to find a lender who is going to be fair when it comes to giving you a reasonable interest rate and terms for your loan.

Payday Loans from Omacl

We understand that a lot of lenders charge their customers ridiculous interest rates, but at Omacl we believe in helping people out however possible. You can trust that we will help you borrow money without having to pay more than necessary. If you need to borrow money for whatever reason, there is no sense in paying a huge interest rate on your loan.

Warning: Late repayment can cause you serious money problems. For help, go to Omacl is a broker, not a lender, and does not make credit decisions.