Guaranteed Payday Loans

£50 - £2,500 paid out by 05:50am

How much would you like?

£

Representative 305.9% APR

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
*MoneyWorld does not perform a credit check but the lenders we're partnered with will perform what is known as a "soft search" to determine your eligibility. Should you choose to accept the loan terms you're offered, a full credit check will be carried out.

Are Guaranteed Payday Loans a real thing?

If you see the term guaranteed payday loan, you may just be suspicious that it is all a big con. You may feel that no one can guarantee that you will be accepted for a loan and therefore there is no more chance of you getting one of these guaranteed payday loans as any other. However, there is actually a big likelihood that you will be able to get one of these loans.

How much would you like?

£
Apply Now

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

How do I qualify for a payday loan?

Most people will qualify for a payday loan which means that if you need some financial help, it is likely that you will be able to get it. In order to take out a payday loan there are a few things that you will need to do:

  • You must be over the age of 18
  • You must be able to prove your address
  • You must have a bank account
  • You must have proof of identification
  • You must have proof of income

Although this may seem like quite a few things, it is actually a lot less than most lenders want to know. There is a legal age for lending which is why you have to be 18 or older. You will need to prove your identification and address for legal reasons as well. You will need a bank account to pay the money into and to make the repayment from. You will need to show you have an income so that the lender can see that you are capable of repaying the loan and they will want to know when you get paid so that they can set up a direct debit to claim their repayment on that day.

Why is their reputation so bad?

You may wonder why payday loans have such a bad reputation and feel reluctant to use them because of this. There are different ways of thinking about the loans and some people feel they are worse than others. Payday loans were developed to help those who cannot get loans anywhere else and who are desperate for some money. They therefore had limited credit checks so even those who had a bad credit record could get them. Some people feel that they therefore take advantage of the most vulnerable, but if they could not get the money form the loan, they may end up having to go to loan sharks or stealing the money or going without food, utilities or things like this. Therefore some people see it as a way to help those people.

The loans are arranged very quickly, which means that if you need the money in a real hurry then you can get it. This could help you to be saved from eviction, being cut off or being able to buy a new fridge much more quickly. However, as it is so quick, it means that you can apply and get the money so fast that you may not even have time to think about what you are doing. If an application takes longer, once you have applied you may think things through and change your mind, with a payday loan you may have spent the money before having really thought it through.

The charges on some payday loans used to be very high compared with other loans. The lender is taking a big risk as they lend to those with poor credit records and so charge more to cover the costs of those that are not able to repay. However, it does mean that everyone pays a lot. The UK government have put restrictions on the lenders though and they cannot charge over a certain threshold and so borrowers are now more protected form really high fees.

What can MoneyWorld.co.uk offer you?

Why Use Us?
What is the max amount?
Up to £2,500
No hidden charges
What's the approval rate?
95%
High approval
Bad credit accepted?
Yes
All welcome
Are transfers same day?
Yes
24/7/365 Service
Do I pay back in instalments?
Your choice
Easy repayments

Are they right for me?

It is important to think about whether this type of loan is the right one for you. Before any borrowing you should work out whether you can wait and save up for the item and save a lot of money or whether you have no choice but to borrow.

It is also worth comparing different types of loans and seeing which would be the cheapest for you and whether you can get those types of loans with your current credit rating.