My Payday Loan short term loans

Need cash urgently?

There are all sorts of reasons why you maybe in need of some urgent cash and a short-term loan. Do you need to pay for child support? Does your house or car need emergency repair? Or have your children's feet grown two sizes in two weeks?

Whatever the reason may be, a payday loan is a quick and easy solution. If you want a short term loan just to help out before payday, instead of a loan to take on for the next year or so, then a payday loan from My Payday Loan is perfect for you.

What's the difference?

A short term loan and a payday loan from My Payday Loan are very similar- in each case you borrow the money for a short period of time and then pay it back when it's due.

Only difference is that short term loans are not always easy or quick to get which can be a problem when you need the money for an emergency. With a payday loan from My Payday Loan it's so much easier and is a hassle free way of getting cash when you need it- no fuss and without the wait.

Here at My Payday Loan we understand that when you need a short term loan you also need it to arrive in your bank account within, well, a very short term. So this is why when you get a loan from My Payday Loan you can get the money in your account on the same day you apply for the loan.

Sounds perfect for me- what's the catch?

Some people say that the interest on payday loans is high, well it would be if you took the loan for a whole year. We charge £14.50 per £50 borrowed so the annual Representative APR on a My Payday Loan is 1737% if you were to compare it to installment loans and if you where to repay over several years it would seem high, however considering the fact that payday loans are short term and paid back on your next payday, the cost of borrowing is very similar to installment loans.

For further information, read Understand our APR.

Speedy cash from My Payday Loan short term loans

If you need a short term loan in a short period of time then all you need to do is either apply online or call one of our helpful staff on 0800 _280 2500¹.

We will do a speedy credit check and then give you a speedy decision on your approved payday loan amount, and this is all normally without the need for faxes and post³.

We deposit using faster payments so the payday loan can be in your account by midnight tonight² - Now that's what I call a speedy loan!

³Occasionally we will be unable to confirm all details automatically. Should this be the case we will ask you to fax in simple documentation for us to be able to complete the application process.