Looking for a Payday UK Alternative?
Rates from 49.9% APR to 1335% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. Repayment of £92.12. The total amount repayable is £1,658.16. Interest amounts to £658.16, an annual interest rate of 65.67% (fixed). Representative APR: 89.5% (variable)
*Same day payout is subject to lender approval and bank processing times. Not all applicants will receive funds the same day.
One simple search. 30+ FCA-regulated lenders. Compare loans in seconds — instant decision, same day payout possible.*
How we compare
| ✓ Loan Wallet | Payday UK | |
|---|---|---|
| Lenders compared | ✓ 30+ at once | 30+ |
| Cost to use | ✓ Always free | Free |
| Decision speed | ✓ Instant decision | Soft search quote |
| FCA regulation | ✓ FCA 1036139 | FCA 806333 |
| Loan amounts | ✓ £100–£5,000 | £50–£5,000 |
| Credit score impact | ✓ No impact to check | Soft search / varies |
| Obligation | ✓ No obligation | No obligation |
Why borrowers choose Loan Wallet over Payday UK
Compare more lenders
Beyond just payday — flexible 3–36 month terms with more lenders.
Instant decision
Unlike some brokers that make you wait, Loan Wallet delivers a decision in seconds — not hours or days.
Completely free
We never charge you a fee. We only receive a commission from the lender if you choose to proceed with an offer.
Three simple steps to your loan
Tell us what you need
Choose how much you need and share a few details. Takes just 2 minutes.
We compare lenders
Your application is matched against 30+ FCA-regulated lenders to find suitable loan offers.
Get your money
If approved, your loan funds can land in your account the same day.*
Why thousands choose Loan Wallet
One search, 30+ lenders
Stop applying to each lender individually. Submit one simple form and we match you with suitable lenders from our panel.
FCA regulated
We are authorised and regulated by the Financial Conduct Authority (FRN: 1036139). Every lender on our panel is FCA-regulated too.
Instant decision
Get a decision in seconds. When you need a loan, waiting isn't an option. We deliver results instantly.
All credit histories welcome
Our lenders consider a range of circumstances. Past credit issues don't automatically disqualify you.
Free to use
Comparing loan options costs nothing. We only receive a commission if you proceed with a lender.
Fast and mobile-friendly
Apply from your phone in under 2 minutes. No paperwork, no branch visits. Find a loan from anywhere.
What you should know before applying for a loan
We're a broker, not a lender
Loan Wallet is a credit broker authorised and regulated by the FCA (FRN: 1036139). We match you with lenders from our panel. We don't make lending decisions or set interest rates. Any loan offer comes directly from the lender, and you're under no obligation to accept.
Missed payments affect your credit file
If you fail to make repayments on time, your lender will report this to credit reference agencies. This can negatively impact your credit score and make it harder to obtain credit in the future, including mortgages, mobile phone contracts, and car finance.
Additional charges may apply
Lenders may charge late payment fees or additional interest on missed repayments. In some cases, lenders may use Continuous Payment Authority (CPA) to attempt to collect payments from your account. Always read your loan agreement carefully before signing.
Free debt advice is available
If you're struggling with debt, free and impartial help is available from MoneyHelper, StepChange, and National Debtline. These organisations can help you understand your options without charging you anything.
Loan renewal and extension
Some lenders may offer to renew or extend your loan. While this can provide short-term breathing room, extending your loan term usually means paying more interest overall. Always consider whether you can afford the repayments before renewing.