UK Payday Loans Calculator

Use our payday loans calculator APR chart to compare with other UK lenders

The payday loans sector is one of the most strictly regulated financial sectors in the UK with a number of governing bodies on hand to ensure that all lenders are compliant with current laws and regulations. The FCA recently imposed a 0.8% daily interest rate to further prevent individuals getting into a increasingly difficult financial situation.

Eligibility checks were a mandatory process that was introduced by the FCA to ensure that all individuals applying for additional finances are capable of meeting the repayments detailed by a specific lender. In the early days of Payday Loans, applying and being approved for additional finances was very easy which is why Payday Loans garnered such a bad reputation with many individuals being approved who would otherwise be declined under new guidelines and regulations.

Payday loans eligibility

All individuals applying for any sort of finance will be required to meet certain criteria and undergo various eligibility checks. Although a credit history check is not a mandatory requirement many UK lenders will still insist on carrying out a credit history check. Payday Pixie offer no credit check payday loans as we feel that our detailed online loan application form will capture enough information to either accept or decline you. No credit check payday loans are something that we

Are you over the age of 18 and a UK resident?

All applicants will need to be 18 years of age or above in order to apply for any sort of finance. Applicants are also required to be a UK resident and have a UK address, this is to ensure that you are not using someone else’s bank account information and can help protect individuals from potential fraudulent activities.

Do you have a regular monthly income?

In order to meet monthly repayments we require all applicants to have a regular monthly income. This will give us an overall figure of your disposable monthly income and will enable us to calculate the best monthly repayment options for you.

Payday Loans UK rates:

Lender Maximum Loan Amount APR
Payday Pixie £2,000 728.9% APR
Sunny Loans £950 1295% APR
Quick Quid £1000 1270% APR
Wizz Cash £1000 1265% APR
Wonga £400 1509% APR


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No Credit Check Payday Loans for Bad Credit

no credit check payday loans online

Payday Loans no Credit Check

There are many hurdles that consumers face when applying for additional finances, from credit checks to proof of residency and even monthly salary. But is the information and credit history checks that are carried out by many UK lenders completely relevant?

We do not carry out any form of credit history check but instead require some alternative information such as, address details, monthly salary and employment history. We understand that many people who are in need of a payday loan require the funds fast, we are passionate at providing a fast and easy application process with funds typically transferred within 15 minutes, which is something that continues to set us apart from other payday loan lenders.

Online credit checks should not restrict you in your search for finding additional finances because of something that happened in the past. If we feel that you have a reliable source of income that is able to help you cover the costs of your monthly bills and pay back any form of loan repayments there shouldn’t be anything standing in your way to prevent you accessing additional finances.

No Credit Check Loans

Payday Loans UK No Credit Footprint
Payday Loans No Credit History Needed
Instant Payday Loans Approved within 15 minutes
No Credit Check Payday Loans No references or payslips required
Payday Loans Online Borrow between £50 – £2,000
Loans for Bad Credit Bad Credit History Accepted

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Bad credit loans

We offer a number of different loans for bad credit which may be an option if you have previously struggled to get approved for any form of loan or finance elsewhere. Our loans for bad credit are suitable for people who want to borrow a specific amount of money over a certain amount of time. These types of loans are usually between £50 – £3,000 and can be borrowed over the space of 3 months, however some lenders will allow you to spread the cost of your loan over a longer time period.

Bad credit loans no credit check

If you are specifically looking for a bad credit loan the chances are that your credit history will not be the best. Some lenders will choose to carry out a credit history check which means that if you have a bad credit history the chances of you being approved for a loan will be considerably low. However this does not mean that all lenders will reject you when it comes to applying for a loan as there are some loans that can be approved without the need of a credit check.

Although the best interest rates are usually only available to people with a good credit history, you could still find yourself being approved for a loan that you are able to afford, although this may be at a slightly higher rate than normal due to your bad credit.

If you are wondering “Why do i have a bad credit score?” There are a number of reasons that can contribute to that issue such as, missed repayments, too many forms of credit being taken out or even if someone else in your household has a bad credit score.

Benefits of no credit check payday loans

      • Fast and easy application process
      • Instant online decisions
      • 15 minute cash transfers
      • Borrow between £50 – £2,000
      • Spread the cost of your loan over 3 months
      • Your personal details/information are not accessed

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Payday Loan no credit check

We will never directly carry out a credit history check when it comes to applying for one of our bad credit loans. We understand that most people have been in financial hardship at some point of their life, the result of this could be a few negative marks against your credit history file. Our team at payday pixie will never make a decision based on something that affected your credit history file in the past and instead collect other information when it comes to checking a customers suitability when applying for a no credit check payday loan.

What Details Do We Ask For?

If you have ever wondered why many UK lenders ask for such specific details when it comes to applying for a payday loan, we  have the answers below:

Address Details:

For UK anti money laundering and fraud regulations we need to carry out a check to ensure that your specified bank account details match your address details. You need to ensure that your address details for your bank account are always up to date. If there is a slight discrepancy or we are unable to match your bank account details to your current address your application will automatically be rejected.

Monthly Salary:

Along with monthly outgoings this will give us an idea of what monthly repayments you can realistically afford to pay back. We will never approve an individual if we feel that they will struggle to make repayments or be pushed further into financial difficulty.

Employment History:

We will never contact your employer! Employment history details are purely just to show that you have a regular source of income and don’t rely on benefits or welfare state handouts as your main source of income.

Although many lenders will still carry out a credit history check, payday pixie rely on other information captured within our online application form to give applicants an instant online decision.

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Loans for bad credit

We invite applications from people with all credit histories, we do not place a restriction on who can apply for a bad credit loan. From the information that you provide to us in our online application form we can make an accurate decision as to whether a payday loan would be the right option for you. Sometimes a payday loan isn’t always the best option if you have a bad credit history. If we feel that a payday loan will not benefit your current financial situation, we will always recommend another service suited for applicants with a poor credit history.

Payday Loans bad credit

If you have a bad credit history, the chances are that there will still be some form of finance that will be available to you. Due to your bad credit history you may not be offered the best interest rates that people with a good credit score are offered, however the option to take out finance with a direct payday lender may still be available to you.

For people struggling with a bad credit issues, checking your credit history and learning how to improve your credit score through organisations such as Experian can be a great help.

Payday Pixie do not carry out any credit history checks, however if we are unable to offer you additional finances we may refer you on to one of our selected partners who may want to carry out a credit history check. The reason we do not directly carry out any form of credit history check is due to the alternative information that we gather from you in our application form such as, address details, monthly salary and employment history.

Getting a grip on your finances

There are many organisations that offer free professional advice when it comes to managing your finances better. Many people who experience bad credit histories typically struggle with day to day budgeting of their own personal finances. Debt Management plans from organisations such as Step Change can give customers breathing space who are struggling with debt issues.

There are a numb

Instant Loans

Instant payday loans are specifically for fast, short term borrowing, we believe in providing an instant online decision service to completely speed the application process up. Our no credit check payday loans policy is something that continues to help us stand out from many UK Lenders with one less added hurdle in your step to additional finances.

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Your Guide To Same Day Payday Loans

Same day payday loans are a relatively new concept and something that not a lot of lenders can offer which is why the select few lenders that can offer them are such a popular choice with UK Consumers. Personal loans used to be viewed as mid to long term solution with anyone with financial difficulties. The idea of paying back borrowed money over a 6 month – 2 year period appealed to many people as a view to help ease cash flow when it came to monthly repayments in order to pay back the borrowed amount.

Although loans over a longer period were the favored choice with many individuals, they were not always the most suitable. For people looking to to borrow a very small amount, this was simply not an option as minimum borrowing amounts used to start at £500. The introduction of payday loans and short term lending solutions changed the face of the finance industry and created a whole new concept allowing people to borrow exactly the amount they needed for the amount of time that they needed it for.

Although interest rates of payday loans are generally a lot higher than personal loans taken out for a longer period of time, there are massive savings to be made overall. Borrowing money will always result in interest rate fees and a higher repayment amount than what was borrowed, however spreading the cost out over a few months may help with monthly cash flow, but the total amount repayable will also start to climb.

Same day payday loans

Same day payday loans are seen as a solution for people who wish to borrow quickly, for a shorter period of time. Typically most same day loans are an online service as a means to speed up the application process. Applicants are able to fill out a quick 5 minute application form which captures important financial information and assesses their suitability through an online affordability check which takes around 30 seconds to complete.

Once approved cash is typically transferred to your selected bank account within 15 minutes depending whether your bank offers a faster payments service (many UK Banks will offer this service). If your bank does not currently offer a fast payments option, applicants can expect to receive their funds on the next working day.

There’s no doubt that same day payday loans are now a favourite borrowing option among many UK consumers thanks to the easy application process, fast cash transfers and pure ease of use.

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