Cheap Payday Loans

£50 - £2,500 paid out by 05:02am

How much would you like?

£

Representative 305.9% APR

Representative Example: £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). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

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?

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Representative Example: £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). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

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. Most people can qualify for these loans, but a lot of them 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 with no credit check 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 £2,500
No hidden fees
Chance of getting approved?
95%
High approval
Is my credit record affected?
No
No credit footprint
How long do transfers take?
15 Minutes
Instant Cash*
Do I need to pay back a lump sum?
No
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 paycheck, 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 on your next 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.

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.

The Cheapest 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 moneyadviceservice.org.uk. Omacl is a broker, not a lender, and does not make credit decisions.