Bad Credit Payday Loans

Instant Decision 3 to 60 Month Loans

£100 – £5,000 paid out by 21:42 Today

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We don’t charge you any fees

Money deposited in 15 minutes 

We don’t perform a credit check*

Bad Credit Payday Loans Explained

Bad credit payday loans have been created by our lenders to help people out with a quick loan. Therefore, these people would have difficulty in getting approved elsewhere due to their bad credit history.

We don’t believe that having a poor credit rating should prevent you from getting a payday loan when you really need one due to a financial emergency.

Payday loans are small loans which people take out for a very short period normally only a month and are generally paid back after the next payday, hence the name of “payday loans”.

In the past, if you had very bad credit it was very difficult to be approved for a loan. But that was until recently when direct lenders started to design these bad credit payday loans. Now the way they do it is to look at you as more than just your bad credit rating. The lenders will also take into account how much money you earn, how long you have been with your employer and other parameters.

These loans should only be used for solving a short-term financial problem and should never be used for long term borrowing due to the APR being higher than traditional loans.

The panel of lenders which we have access to understand you are applying for these types of loans to address an urgent requirement. They will, therefore, work quickly to approve your quick loan and if approved you will have the cash in your bank account within 15 minutes† after accepting the loan offer.

Read the Terms and Conditions

We strongly recommend that with any financial matters that when you receive the loan offer that you take the time to read the terms and conditions. You have to make sure that you understand what is involved in terms of repayment amounts, instalment repayment date, and any fees. So be sure to budget for the repayments as missing any payments could incur late repayment charges.

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Applying is Free and No-Obligation

Are Bad Credit Payday loans suitable for me?

This depends on what you intend to use the loan for. If the loan is to sort out an urgent financial issue that cannot wait until next payday and you can afford to pay the loan back including interest, then this type of loan may be right for you. We never recommend taking out a short-term loan for long term borrowing.

When you apply for a payday loan via Cashute we will match your application to the most appropriate direct lender who specialises in bad credit payday loans. When a match is found we perform a soft credit search to match the most likely lender who will fund your loan. This soft credit search will not affect your credit rating when you accept the loan the lender will perform a hard credit check.

Annual interest rate of 292% (Fixed)

For example:

£200 borrowed for 35 days

Annual interest rate of 292% (Fixed)

Total amount payable is £256

1212% APR Representative

Can I apply for a bad credit payday loan online?

Yes, the entire loan application process is carried out online. Nowadays this process is quite normal and is the way most lenders will process all applications. Unlike the local bank which sometimes needs you to go into a branch and sign various documents wasting time and energy. With Cashute, our platform collects your data, encrypts it and transmits it securely to our panel of lenders to be matched against the most suitable lender to fund your loan.

To ensure that your loan application is processed quickly we ask you to fill the loan application with accurate details any errors could lead to your application being declined. Remember that all applications are no-obligation. Although when approved for your payday loan you could have the money in your account the same day or even hours of accepting the payday loan. Also, it is important that know that we NEVER hold any of your personal details EVER, only you and your lender will see your personal details.

Details of your regular monthly income and outgoings

Mobile phone number

Valid email address

Home address for the last three years

Your Bank account

Your Debit card information

Woman Applying for short term loan

Fast, Free & Easy No-Obligation Application Process


Choose Loan Amount & Term

Simply chose how much you wish to borrow and over how many months you wish to repay the loan


Fill in the Application form

Fill in our simple application form which takes only a few minutes and then apply for your loan


Receive Your Cash

We send your application to our panel of lenders, once approved you will receive the funds directly to your bank account

Why choose Cashute

Authorised by the Financial Conduct Authority

Fast Online Application

No Payout Fees

No obligation quote

No paperwork

100% UK Based

Very High Acceptance Rates

No Hidden Costs

How do bad credit payday loans interest rates work?

Just because you have bad credit it does not necessarily mean that you will be penalised with a higher interest rate. Although in the past payday loans have had a reputation of being very expensive and caused people to fall into further debt with interest rates of over 2,200% being charged by some companies.

As these short-term loans have been more common and accepted as a means to cover emergencies it found more direct lenders entering the payday loan market. This increase of competition saw the high APRs fall too much lower percentages.

There is no denying that these types of loans have a higher APR than traditional loans like mortgages or car loans. This is due to the nature of theloans being short term in that they are generally paid off in the next month normally over three to six months. So provided the loan is paid off in time then these small loans can be useful and not as expensive as they were previously.

When considering a loan please ensure that you can make the repayments also these loans should never be used for long term financial borrowing.

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Over 50 Lenders

No paperwork

Flexible repayment

Instant decision

No Credit Foot Print

Fast Deposits

Do I need a credit check for a bad credit payday loan?

No matter what any lender may say there will always be a credit check. These checks are performed regardless if you have the best of the best credit ratings or applying for a loan. If the lender is authorised and regulated by The Financial Conduct Authority, then they are obliged by law to perform the credit check.

If you do have bad credit you need not worry too much since the way in which your application processes is different from how it used to be performed in the past. Today the way it works is once you apply for a loan our partner will find the most likely lender who will approve your loan. This match is done via a soft search which does not have any effect on your credit rating.

Many direct lenders today handle applications from customers with bad credit looking for a loan. The lenders have adjusted and designed loan packages to take bad credit into account, whereas in the past having bad credit would have been an issue when applying for a loan today it is less of a problem.

Will a credit check affect my credit score?

When a credit check is performed for a loan declined when applying for a payday loan or other type of short-term loan your credit score could be changed.

This means that any time anyone with bad credit applied for a loan and were declined their credit rating would be affected meaning it was more difficult the next time they applied for quick loan finance.

This has now changed in the way applications are handled, today we will match you to the most appropriate lender likely to fund your loan which will not affect your credit rating.

The upshot of this new approach is that more people being approved for a loan that would have been on the old “let’s perform a credit check first”. Imagine if you had to apply to one lender after another what this would do to your credit rating.

Let us take the stress away and search for you, remember that all our applications are no-obligation so if you can apply for a payday loan via Cashute and if you decide not to go ahead you don’t have to.

Apply For Your Short Term Loan Here

Benefits of short term loans

The biggest benefit is, of course, the ability to respond to an unexpected event with a lump sum of cash. But, compared to other types of credit, there are other benefits to applying for a short-term loan through Cashute:

  • Funds in your account within the hour (hourly payouts between 6am-11pm)
  • Pay back your loan in manageable installments
  • You don’t need a guarantor
  • Borrow from £100 to £5000 (subject to affordability)
  • Short-term loans can help to build up your credit rating

Should I apply for a short term loan?

Depending on your circumstances, you should apply if:

  • Have an unexpected expense needing a lump sum
  • Would like to replace tired or worn out furniture or items at home
  • Need a quick decision at that moment
  • Do not want to take out a payday loan
  • Wish to repay your loan by monthly instalments
  • Like the peace of mind knowing exactly how much you will have to repay each month
  • Bad Credit Payday Loans in 15 Mins – £100 to £5,000 – High Approval Rate

Are Payday loans expensive?

The answer is it depends on your perspective, if you repay the loan on time, have budgeted for the repayments and the payday loan has solved the financial emergency then the answer is no they are not expensive as the alternative of allowing the problem to continue.

The numbers can rack up if you use payday loans in ways in which were not designed for such as long term borrowing. Always keep in mind that the whole point of a payday loan is to fix a financial emergency which cannot wait until your next paycheque. if you repay the loan within the agreed repayment period and have budgeted for the repayments then payday loans are manageable. Use our simple application form to apply today for a free, no-obligation quote and see for yourselves.

How do I apply for a bad credit payday loan?

The process is very straight forward and simple, just gather all the necessary details together and you meet the criteria below that you need to be at least:

  • 18 years old.
  • UK resident.
  • Hold a UK bank account.
  • Employed with a regular salary (so you can repay the money that you borrow).
  • Bank details to hand.

Once you have all your details ready click on the “Apply Now” link at the top of the page. Once there just fill in your all your details correctly, then click apply to send your details which we will match against the most likely payday loan direct lender which will fund the loan.

Once we have matched your application to an appropriate lender they will send you a loan proposal at that point you decide if you want to accept the payday loan offer. If you do accept than apply and the money will be sent your bank account within hours.

We understand you want a quick loan with minimal delay and to this end, efforts have been made to make the whole loan process nice and easy. You can apply with no obligation even if you have bad credit as many direct lenders support loans with bad credit.

Our direct lenders are fully aware that their customers are applying for loans due to a financial emergency and that they expect to receive their funds quickly therefore when applying for a payday loan online our lenders will do their utmost to make that happen.

I am finding handing my debts difficult, what should I do?

If you find yourself in difficulties and are unable to make your repayments, we strongly advise that you contact your creditor immediately, we also recommend that you speak to the companies listed below.

Warning: Late repayment can cause you serious money problems. For help, go to