At Paydayin1Hour, we like to keep things simple. That's why our lenders charge a flat rate interest fee for any loans you apply for through us. That's why we don't charge any fees to help you find the right loan for you, so all you repay is the loan amount and the lender's charges. And that's why we work with a number of lenders, so you could stand a higher chance of being approved than if you go straight to just one. When you apply, you agree the amount you want and when is most convenient for you to repay within the next month.

How much is the interest on Payday Loans Fast?

It can vary depending on your circumstances and the lender, but the most common interest is around £29 for every £100 you borrow:

Annual Percentage Rate

This gives a representative Annual Percentage Rate (APR) of 2670%. Please bear in mind that this is an annual percentage rate, not a monthly or weekly rate, and so can look a lot higher than the amount you're actually repaying. It works out as roughly £29 per £100 you borrow over an average of 28 days, although this can vary between lenders. You will be sent a breakdown of how much you will need to repay if you're accepted. If you're not happy with this, you are not obligated to accept the loan offer.

Payday Loans to Manage your Cash

Part of your application form will require your next pay date and bank sort code and account number. This allows your fast payday loan to be repaid after your payday without you needing to worry about sending cheques, arranging direct debits or making payment over the phone. It's all done automatically in order to be more convenient for you.

Payday in 1 Hour and responsible lending

We encourage you to apply to borrow only what you can comfortably afford to repay. The upper limit of £1,000 has been set in order to help keep your borrowing to a manageable sum in the short term. Because payday loans are designed to be a fast, convenient solution, they are not intended for long term financial problems. If you don't repay on time, you may need to roll the loan over, which can increase the amount you need to repay and make the loan more expensive. If you are having debt issues, take a look at the Direct Gov pages on debt.

Payday UK Loans are designed to offer the most convenient possible service to borrowers, with easy applications, high rates of approval and cash in one hour.