At Paydayin1Hour, we like to keep things simple. That's why there's a flat rate interest for any loans you apply for through us. 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 interest charged. 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, but the most common interest is £20 for every £80 you borrow:

Annual Percentage Rate

This gives a representative Annual Percentage Rate (APR) of 1737%. Please bear in mind that this is an annual percentage rate, not a monthly or weekly rate. It works out as roughly £20 per £80 you borrow over an average of 28 days.

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 borrow only what you can comfortably afford to repay. The upper limit of £300 has been set in order to help keep your borrowing to a manageable sum in the short term. Because payday loans are a fast, convenient solution, they are not intended for long term financial problems. 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.