Payday Loans
Apply online for £100–£1,500 and spread repayments over 3–18 months. Get started with a simple application you can complete from your phone, tablet or computer.
Representative example
£1,000 borrowed for 18 months, with monthly repayments of £89.22. Total amount repayable: £1,605.96, including £605.96 interest. Annual interest rate: 59.97% (fixed). Representative APR: 79.5% (variable). Rates from 48.1% APR to 1721% APR.
What are payday loans?
Payday loans are short-term borrowing traditionally repaid when your next wages arrive. Some products marketed under the same label instead use several monthly instalments. The repayment schedule in your agreement—not the label—tells you when the money must be repaid.
The borrowing range for this Money Trumpet service is £100–£1,500, with terms of 3–18 months. A longer schedule spreads payments out, but it does not automatically make borrowing cheaper or affordable.
Before accepting credit, look at the full repayment amount, payment dates and what remains for essential bills. If next month's income is already committed, borrowing against it can leave another shortfall.
How much do payday loans cost?
Your cost depends on the amount, interest rate, charges and repayment term. Compare the total repayable as well as the monthly payment.
Amount borrowed
Choose the amount you actually need. Extra borrowing also means extra money to repay.
APR and interest
APR is an annualised measure of borrowing costs. It is not a percentage simply added to every short loan.
Total repayable
Check the complete cost over the agreed schedule. A lower monthly payment over a longer term can cost more overall.
How does the FCA price cap work?
The Financial Conduct Authority's cost cap limits charges on loans that meet its definition of high-cost short-term credit. It does not automatically apply to every personal loan or every product described as a payday loan.
| Cap | Limit | What it means |
|---|---|---|
| Initial cost | 0.8% per day | Interest and relevant charges are limited by reference to the outstanding borrowing and time it is owed. |
| Default charges | £15 | Default fees are capped. Permitted interest can still accrue within the other limits. |
| Total cost | 100% of the amount borrowed | Interest and charges cannot exceed the borrowing itself, so the total repayment cannot exceed twice that amount. |
Illustration, not a loan offer: if £100 remained outstanding for 30 days at the maximum initial daily cost, that cost would be £24 (£100 × 0.008 × 30). Actual payments and charges depend on the agreement. A legal ceiling is not a recommended price or evidence that a loan suits your budget.
Do payday loans affect your credit score?
They can. A lender's hard credit search, a new credit account and your repayment record can affect how future lenders see you. Missing payments can harm your credit history; a payday loan can also matter in a later mortgage assessment even when repaid.
Money Trumpet does not carry out a credit check. Completing our form does not create a Money Trumpet credit-search footprint. That is different from the checks a lender or another broker may perform after your application is passed over.
A soft credit search and a hard credit search have different effects. Ask the company handling your application which search it will use and when. Do not assume the entire borrowing process is search-free.
Read our guide to things that hurt your credit for a fuller explanation of applications, missed payments and your credit file.
Who can apply for a payday loan?
To use Money Trumpet's consumer-loan service, you must be over 18 and a permanent UK resident. These are starting requirements, not a guarantee of acceptance.
Providers set their own rules. They can consider income, existing commitments, recent borrowing and credit history, and may require a UK bank account. Having an income alone does not establish that repayments are affordable.
Can I apply with bad credit?
A poor credit history does not mean every provider will make the same decision. Whether a lender will consider your application depends on its criteria and your circumstances. There are no guaranteed-approval or “no refusal” loans through Money Trumpet.
Our bad credit loans page explains that separate service. Do not make several applications simply to see which lender will approve you.
How does the application process work?
Complete the Money Trumpet form online. We will pass your completed application to a lender or another broker for the next stage.
Start online
Enter your details and requested loan amount in the application form.
Review and submit
Check the information and the data-sharing explanation before sending your application.
We pass it on
Your completed application is forwarded, and you receive an on-screen confirmation.
Direct contact
The company handling it contacts you for checks, any further information and available terms.
Money Trumpet is a credit broker, not a direct lender. We do not charge a fee for using our service, but may receive commission if an introduction leads to a credit agreement. A confirmation means your application has been submitted—not that a loan has been approved. Learn more about how our service works.
What should I check before accepting an offer?
Check the amount of credit, annual interest rate, APR, repayment dates, fees and total repayable in the lender's documents. The representative APR is not a promise of your individual rate.
Make sure the payment schedule works alongside rent or mortgage payments, energy, food and other essential commitments. Money Trumpet's form does not replace that personal budget check or the lender's affordability checks.
If repayments use a continuous payment authority, understand when money can be taken and how to cancel the authority. Cancelling a payment instruction does not cancel the debt. Ask the lender about other payment methods and support if a payment becomes difficult.
Already struggling with repayments?
Contact your lender and seek free debt advice rather than taking another expensive loan to repay it. MoneyHelper's Debt Advice Locator can help you find confidential support.
Are there alternatives to payday loans?
Yes. Depending on your situation, an arrangement with a bill provider, a credit union or a different form of credit may be worth investigating before high-cost borrowing.
Speak to the bill provider
If a particular bill caused the shortfall, ask about payment arrangements or support before adding a new repayment.
Check a credit union
Membership rules and lending requirements apply. A credit union can be an option to investigate, not guaranteed funding.
Compare other credit
An arranged overdraft or another loan may have different costs. Compare the terms rather than assuming one product is cheaper.
For the fuller guide, read alternatives to payday loans. If borrowing would cover a recurring gap in essential spending, support with that gap is more useful than repeatedly taking new credit.
Payday loans FAQs
Clear answers about the service, checks and repayments.
How much can I apply to borrow?
The range for this service is £100–£1,500. The amount a provider offers depends on its checks and lending criteria.
What repayment terms are available?
The confirmed product range is 3–18 months. Check the actual number, amount and dates of payments in any offer before agreeing.
Do I have to repay everything on my next payday?
Not necessarily. The products described here have a 3–18 month term range. Your agreement sets the schedule; do not assume the payment date from the name “payday loan”.
Can I get a payday loan on the same day?
Money Trumpet does not promise same-day approval or funding. Timing depends on the provider's checks, requested information and payment process.
Will completing Money Trumpet's form affect my credit score?
Money Trumpet does not carry out a credit search. The lender or another broker handling your application can perform its own searches later, so ask about those before proceeding.
Are payday loans available without credit checks?
Our no-search application stage does not mean a lender will provide credit without checks. Providers must assess the application against their requirements; do not treat “no credit check” advertising as guaranteed access to borrowing.
Can I apply if my income includes benefits?
Whether a provider accepts a particular benefit as income depends on its rules. Receiving benefits is not a guarantee of acceptance, and repayments must still be affordable.
Is Money Trumpet a direct lender?
No. Money Trumpet is a credit broker. We will pass your completed application to a lender or another broker, which handles the next stage.
Does Money Trumpet charge an application fee?
No. There is no fee to use our service. We may earn commission if an introduction results in a credit agreement; any lender charges are separate and should be explained in its offer.
What if I cannot make a repayment?
Contact the lender as soon as possible and ask about support. Use free debt advice if you are struggling. Further borrowing is not a solution when you cannot afford the existing repayments.
Helpful borrowing and budgeting guides
How to budget
See what remains after essential spending before adding a repayment.
Credit historyThings that hurt your credit
Understand applications, missed payments and credit-report information.
Debt supportHow to deal with creditors
Prepare for a conversation when keeping up with payments is difficult.
Sources and further reading
General guidance researched on 16 September 2026. Product figures and representative example supplied by Money Trumpet.
Start your application online
Apply for £100–£1,500 over 3–18 months with Money Trumpet.
Borrow only what you need and can afford to repay.