| Small Payday Loans Lender | Min Loan | Max Loan | Typical APR | Repay per £100 (30 day term) |
No Credit Checks |
No Fax | More Info | Apply Now |
|---|---|---|---|---|---|---|---|---|
| £80 | £750 | 2814.2% | £129.50 | ![]() |
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| £50 | £1,500 | 1734% | £129.50 | ![]() |
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| £1 | £1,000 | 4214% | £136.72 | ![]() |
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| £80 | £800 | 1737.2% | £125 | ![]() |
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The main advantage has already been alluded to above, and that is that you can borrow near as exact an amount of money as you need to due 2 factors: one is the small increments in which these lenders are prepared to lend you money; and secondly the starting loan amount can be as low as £1 with Wonga but a more realistic level might be the £10 Mr Lender starts off at.
Whichever lender you choose above the one thing you won't be doing is borrowing more money than you need which is quite often the situation people find themselves in when they go to traditional lenders such as the high street banks.
Another advantage is that you can apply online which means no queueing in your local bank branch or local money shop plus it is a more discrete way of applying for as loan.
Many UK consumers that are in need of emergency cash find a solution to this problem in small payday loans as they meet another borrower criteria: you can receive the funding you need on the same day you apply for it.
Note: All lenders above have secure sites as it is a requirement by the trade associations that all the lenders belong too.