Compare the Top 10 Cheapest Payday Loans
Compare the Top 10 Cheapest Payday Loans…
Account login and SSL: Yes
Available: £50 to £300 (£700)
Interest (First Loan): £0 per £100 (0%)
Interest: £23 per £100 (23%)
Transfer: Free for same day funding
Term: 7 to 30 days (added to monthly section, as their best rate is over 30 days)
Trade Association: No
+ Best price for same day loan
+ First loan is free (0% APR)
+ Free same day transfer
+ Over 5 Years Experience
– No membership
Account login and SSL: Yes
Available: £50 to £1000 (£1500)
Interest: £20, £25 or £29.50 per £100 (based on credit score) (20%/25%/29.5%)
Interest with Promo: £15, £18.75 or £22.13 (rounded off) per £100 (15%/18.75%/22.13%)
Transfer: Free for same day funding
Term: 1, 2 or 3 months
Trade Association: CFA members
+ 2nd best price for same day loan
+ Free same day transfer
+ Largest figure of £1500 possible (existing customers)
+ New QuickQuid FlexCredit loans now available (1 to 10 months)
+ Optional 2 or 3 month term
+ Over 5 Years Experience
+ QuickQuid Promo takes away 25% of the interest
Account login and SSL: Yes
Available: £100 to £400
Interest: £29 per £100 (29%)
Interest with Cashback: £19 per £100 (19%)
Transfer: Free for same day funding
Term: 1 month
Trade Association: CCTA members
+ £10 cashback bonus when paid on time
+ Free same day transfer
– Relatively new service
Speedy Cash (2002) (this is their USA launch year)
Account login and SSL: Yes
Available: £100 to £500
Interest: £25 per £100 (25%)
Transfer: Free for same day funding
Term: 1 month
Trade Association: BCCA members
+ Free same day transfer
+ Loans also available in their stores
+ Over 5 Years Experience
+ They also have a Flex Loan that offers flexible terms, but is designed for much longer periods
Account login and SSL: Yes
Available: £100 to £400 (£1000)
Interest: £25 per £100 (25%)
Transfer: Free for same day funding
Term: 1 month (3 month term available)
Trade Association: No
* Cash Window is a 2013 rebrand of Early Pay Day Loan (EPDL) who launched in 2003
+ Free same day transfer
+ Most experienced service (2003) (shared)
+ Over 5 Years Experience
– No membership
Account login and SSL: Yes
Available: £100 to £500
Interest: £25 per £100 (25%)
Transfer: Free for same day funding
Term: 1 month
Trade Association: BCCA members
+ Free same day transfer
The Quick Loan Shop Ltd (2012)
Account login and SSL: Yes
Available: £50 to £500
Interest: £25 per £100 (25%)
Transfer: Free for same day funding
Term: 1 month
Trade Association: CCTA members
+ Free same day transfer
– Relatively new service
Cash Central (2012) (USA launch year unknown)
Account login and SSL: Yes
Available: £100 to £600
Interest: £26 per £100 (26%)
Transfer: Required £1 for same day funding
Term: 1 month
Trade Association: BCCA members
+ Premiere Members scheme provides future savings
– Relatively new service (in the UK)
Account login and SSL: Yes
Available: £100 to £1000
Interest: £29.95 per £100 (29.95%)
Transfer: Free for same day funding
Term: 1 month
Trade Association: CFA members
+ Free same day transfer
+ Most experienced service (2003) (shared)
+ Over 5 Years Experience
– Applicants must be paid monthly
Account login and SSL: Yes
Available: £80 to £500 (£800)
Interest: £32.99 per £100 (32.99%)
Transfer: Free for same day funding (first time only)
Term: 1 month
Trade Association: CFA members
+ Free same day transfer
+ Most experienced service (2003) (shared)
+ Over 5 Years Experience
Notes:
– All rankings are set by cost. In the case of a draw, the + and – ratio was used. If the ratio was the same then they were alphabetically placed.
– As covered in the initial passage, those appearing in the Short Term Lender category will be covered in separate postings.
– The only listed company that charges for a same day transfer is Speedy Dosh. This fee would likely be taken from the funds sent your way. They do have a promo code though that is assumed to discount this fee. This is being investigated at the moment.