Cheap Payday Loans

Instant Decision 3 to 60 Month Loans

£100 – £5,000 paid out by 21:43 Today

100% No obligation Loan Quotes

We don’t charge you any fees

Money deposited in 15 minutes 

We don’t perform a credit check*

Cheap Payday Loans when you need cash fast

With so many payday lenders out there to chose from it can be difficult and sometimes stressful finding one that will suit your requirements and situation. All you want to do is manage your finances quickly.

When you are looking for a cheap payday loan applying through a direct lender could offer you some convenience, but applying for your cheap payday loan through Cashute will give you not only convenience but also access to over 50 different lenders each who will assess your application to determine which of their loan products is best suited to your requirements and offer you the best and cheapest payday loan according to your circumstance.

Payday loans are despite what people may have heard in the press not as expensive as you may think. They are cheaper than most overdrafts and more convenient than applying for a new credit card.

Apply For Your Short Term Loan Here

Applying is Free and No-Obligation

What are the Interest Rates on Payday Loans?

Interest rates on payday loans are higher than you would find on other consumer credit products like personal loans, car loans and mortgages.

The reasons payday loans come with a higher rate of interest is due to the nature of the loan. When you borrow money of a small amount for a short amount of time the lender takes on higher risk since the payday loans are generally not secured against any collateral.

Provided you do your research you will find that payday loans can be cheaper than allowing your financial emergency to continue.

The Financial Conduct Authority has placed caps on payday loans meaning that you will never pay more than double the original amount along with a cap of 0.8% interest per day.

Provided you repay the loan in full and in time you will find that payday loans can be cheaper than you were led to believe.

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



Woman Applying for short term loan

What Are the Payday Loan Fees?

There are some fees which you need to be aware of when applying for an instant loan. When you receive your loan offer it will come with the terms and conditions which you must take the time to read.

The terms and conditions will lay out the total loan amount. How much you have to repay with interest. The document will also detail what the interest rate will be for the term of the loan.

It will also list the fees which are associated to late payments and fees charged for missed payments.

It is advisable that if you believe that you are going to miss any payments that you speak to your lender as soon as possible so you do not incur and additional fees if you can arrange it.

All responsible lenders will make the payday loan terms and conditions clear so that you feel at ease and understand what is expected.


How Can I Find a Good Payday lender?

When you are searching for a cheap payday loan you need to make sure that you do your own research as to which lenders are good and which to avoid. Here is a list of points you want to keep an eye on.

Reputation for Fairness: You want to look at the interest rate they offer you. You want to make sure that you are not being charged an unfair amount of interest and that it is a fair amount.

Professional Approach: It is recommended that you speak to the lender prior to accepting any loan offer you are presented. How do they conduct themselves on the phone? Are they professional? Do they take the time to answer all of your questions?

Are they Experienced: How long have they been in business for. You want to see that they have a track record on lending payday loans in the UK.

Easy to contact and speak to: How easy is it to find your lenders contact information? Can they be contacted by phone? Is contact by email? Do they have on-line chat facility that you can ask questions directly on-line?

Addressing Concerns: When you contact your lender they should be open and approachable when discussing concerns you may have?

Regulated By the FCA: This is one of the most important elements is to check that they are registered with the FCA

What do I need to apply?

Applying for a loan is straightforward and is all online.

Before you start your application have this ready:

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

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 Much Can I Borrow with a Payday Loan?

The amount which you may borrow depends on how much you can afford to repay and your income. If you want to borrow £100 over 30 days, it is likely you will be approved if you are on a low income as opposed to asking to borrow £1,000 over 30 days on a low income.

Most lenders have a ceiling of how much they are prepared to lend. Some will limit borrowing to £1,000 while others will allow borrowing up to £5,000. Each lender will be using different factors to determine how much they will lend to you, such as your employment history and how much you earn along with examining your credit score.

Car Repair

Unexpected Bills

Broken Boiler



Living Expenses

Home Improvements

Over 50 Lenders

No paperwork

Flexible repayment

Instant decision

No Credit Foot Print

Fast Deposits

Applying for Cheap Payday Loans Via Cashute

There are so many payday lenders and brokers out there who make claims of offer this that and the other. We understand that this can be confusing. We here at Cashute want to offer you a one stop shop when it comes to applying for a cheap payday loan fast. So, when you need to borrow money and don’t have the time to apply for a loan with one lender after another Cashute will offer you a simple straight forward loan application process.

How do I apply for the best payday loan?

To apply a loan is simple. Provided you meet the criteria listed below you can start your application process:

  • 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 completed submit the application form by clicking on the “Apply” button and we’ll find the best match for you. The search will not take long and you’ll have a response in minutes.

When you receive the loan proposal can decide if you wish to proceed with the offer. If you do want to proceed with the loan just apply and the funds will be deposited into your bank account within hours, always remember that you can apply with no obligation even if you have bad credit as many direct lenders support payday loans bad credit.

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.

Benefits of Instant 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)
  • Loans can help to build up your credit rating

Should I apply for an Instant 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
  • You wish to repay your loan by monthly instalments
  • You like the peace of mind knowing exactly how much you will have to repay each month

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