Payday loans cost is 25%.
Do you want know more ?

The application process is simple.
Once the form has been submitted, we immediately review your information and inform you of your approval.
Application is encrypted with 256bit key.

You can apply for loan from £80 to £1,000. There are no hidden or administrative costs: for every £80 you borrow you pay £20.
The APR % depends on the duration of your loan and will be showed to you when you apply. Read more

At Instant Loans, you are able to get approved regardless of your financial history as long as you meet the following requirements:

-Currently have a employment (or receive regular income)
-Earn at least £400 per month
-18 years of age or older and you have to live in UK
-Have valid checking or savings account with direct deposit facility

2. How much money can I get ?
You can borrow any amount, between £80 - £1,000.

3. Which method is used to repay payday loan ?
Debit/credit card transaction is used for repayment.

4. Would bad credit history affect approval ?
No, we don't carried out credit checks.

5. How much do you charge ?
The charges are £20 for each £80 borrowed. Click here to see a table of fees.

6. Is it possible to roll the loan over ?
Yes - However, after rolling over your loan more than 2 times, you are required to reduce your balance.

7. When will I get the cash ?
If your loan is approved and we receive your signed agreement before 2.30pm, you can have your money the same day. We will send money by BACS to your account free of charge.

8. What information do you need ?
We need the following information:
* Your name and current address,
* Two contact phone numbers and your e-mail address,
* Your work and income details
* Your bank account details.

9. When will I need to repay the payday loan ?
The payday loan is repaid on your next payday. Usually up to 31 days.
Read more

A credit rating is basically a score given to all consumers. It is used by all UK companies to determine who they should lend to and who has a good or bad credit rating.

If you default on payments, have credit cards that are constantly at their limit or haven't sought credit in the past, your score may suffer.
But every time that you successfully pay a direct debit or complete a loan it should improve.
This might only be a very small gain, but if you're looking to secure a payday loan anyway, it's certainly a positive bi-product of short-term finance.

You can use payday loan to improve your credit rating. It is very good product especially when cost is very low in compare to bank loan for people with bad credit rating

As long as you are in control of your finances and are able to afford the cost of repayment, it is a great short-term solution. However, this doesn't mean that payday loans should be used as a method of artificially improving your credit score.