Top 10 Payday Loans
It can be an excruciating choice choosing between the best payday lenders. At Quick Payday Loans we make it our duty to review all of the top lenders in the UK and give you honest and impartial assessments on their abilities as lenders. However, we understand that reading through in excess of 40 reviews can be time consuming so for those of you in a bit of a rush here is our guide to the top 10 payday loans in the UK.
Top 10 Payday Lenders
Wonga
Wonga.com isn’t just one of the best payday lenders out there, they are also our most popular payday lender. The main reason to choose Wonga is simplicity and value – they offer the easiest application process of most of the lenders profiled on Quick Payday Loans and they also charge based on how long you take out a loan for. Thus, if you only want a loan for seven days then you only need to pay for 7 days! Wonga’s standard charge is 1% per day.
Quick Quid
Coming in at number two in our list of the best payday lenders in the UK is Quick Quid. In all honest this chart is a little unfair, what qualifies as a top 10 payday lenders will vary based on what a particular applicant is looking for. While Wonga leads the line in terms of simplicity, Quick Quid offers higher value loans up to a value of £1,500.
They are also one of the most established payday lenders in the UK and while their charges for new borrowers are slightly on the expensive side, these will drop as a borrower begins to establish a reputation for repaying their loan in full and on time.
Txt Loan:
Txt Loan come in at number 3 in our Top 10 Payday Lenders chart and this is mainly due to the simplicity of their application process. While Wonga.com can offer simplicity when it comes to applying for loans online, Txt Loan takes it a step further by allowing users to apply via SMS – it’s as simple as sending a text! The maximum term for a loan from Txt Loan is 1 week and they charge 10% on every £100 borrowed.
Speed-e-Loans:
We literally love Speed-E-Loans. They are a relatively new payday lender but one with a rapidly growing reputation. The most promising aspect of the service offered from Speed-e-Loans is the same day transfer charge – while some of our top payday lenders charge in excess of £8 for a same day transfer, Speed-e-Loan sets the bar at only £4.95 which, in the world of payday loans and same day transfers, is an absolute bargain! Speed-e-Loans charge by the day and offer full transparency – something we like here at Quick Payday Loans. The standard charge is 1% per £100 borrowed per day.
Payday UK
Payday is one of the more established payday lenders in the UK and offer loans at a standard rate. Payday UK is a bit of a plain vanilla option for borrowers – you will get exactly what you ask for. Payday UK offer a fully transparent service with no hidden charges – they also offer some of the quickest payouts of any payday lender in the UK. The maximum amount you can borrow from payday UK is £750.
Payday Express
Payday Express is another great alternative amongst the more established lenders on Quick Payday Loans. The overall service is top-notch in particular their customer service team. The maximum loan amount from Payday Express is £800 and they charge 25% on every £100 borrowed irrespective of the duration of the loan. They also offer same day transfer of cash.
Mr Lender
Mr. Lender is something of a new player in the payday loans sector however they have started with a bit of a splash. The model is very similar to that employed by Wonga.com, they offer complete transparency over charges and a novel payday loans slider on their homepage that offers a complete breakdown on exactly what you have to pay and when. Mr. Lender charges a standard 25% on every £100 borrowed, irrespective of the duration of the loan. Mr. Lender is again another very good alternative for customers on the lookout for quick cash.
Wage Day Advance
Wage Day Advance is one of the more popular lenders in the UK and a reputable and well established loans company. They offer loans up to a value of £1,000 and promise a same day transfer. We have noticed that on the whole Wage Day Advance is a little slower at processing applications than some of the other lenders on this top 10 list however we still recommend them as a payday lender due to the quality of service on offer. Standard charge is £25 per £100 borrowed however please be aware of the £15 same day transfer charge which by all accounts is a little high.
Tooth Fairy Finance
Tooth Fairy Finance is another popular payday lender and is one of our more visited reviews. Tooth Fairy Finance are unique in the respect they only offer loans over two duration periods: 14 days or 28 days. They charge a flat 9% fee per week and offer loans to the value of £100, £200 or £300. Tooth Fairy also accepts applications on the go via SMS.
Payday Bank:
Not strictly a lender, Payday Bank, like Money Box 24-7, is a payday broker. Payday Bank offers loans up to a value of £750 and at a standard charge of 25% for every £100 borrowed. Payday Bank is a good alternative to approaching traditional lenders if you’re unsure what it is you’re looking for or who to apply to. By applying to Payday Bank you can apply to multiple lenders all from one application form. Payday Bank is our recommended payday broker of choice.
