Quick Payday Loans with KwikPayday!

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Don't want to get tied into a long payment plan? When you apply for a quick quid with KwikPayday, it's for 28 days and you repay it when you get paid! It's simple, it's fast and you can apply right now.

Things To Consider

Taking out a loan means that you need to be able to repay it on time to avoid creating further debt problems. What is it important to consider before applying? (more)

Representative 2670% APR
Representative Example:
Borrow £200 for 28 days
Total in one repayment:          £258
Interest rate p.a:                  378% (fixed)
Interest Payable:                  £58
Representative 2670% APR

Types of Loans

Payday Loans

Payday loans are usually repaid with a single instalment within around 28 days. This instalment includes the original loan amount, as well as the lender’s interest and charges. (more)

Instalment Loans

Instalment loans are repaid over a longer period of time than payday loans. They are designed to be repaid in anything from 2 months through to 18 months duration, depending on the lender. (more)

Lines Of Credit

A line of credit is a more flexible solution, which makes the credit available for you to use and repay as suits you. There will be a daily charge on the credit for any times that you use it. (more)

Guarantor Loans

Guarantor loans are a longer term loan, which require you to have a guarantor who will take over repayments if you are not able to keep up with them. They can be for a larger amount. (more)

Implications of Non-Payment

We always recommend repaying on time, and our representative examples assume that you will. If you are unable to pay on time, each lender has their own policies with regards to fees and interest, and how they collect outstanding debts. Most will contact you by phone or letter in order to rearrange payment. Non-payment may result in charges and/or raised interest. We suggest contacting your lender as soon as you are aware there is a problem, as otherwise, it may be noted on your credit record.

Renewal Policy

If you wish to renew your loan, you should contact your lender in advance. Most lenders will charge the same rate of interest and fees for another month on the entire amount owed. In the event of non-payment, a loan renewal/extension could be automatic and further interest and/or charges may be added to your account.

Nonpayment may affect your credit score. Some lenders may pursue claimants by legal means in the event of repeated non-payment. All of the above varies between lenders. More responsible lending information.

Rollovers

You may have the opportunity to roll over your loan, which means paying off the interest earned to date and continuing to gain interest on the original loan amount over an extended term. This interest will most likely be at the same rate that the original loan was charged at. Some lenders may insist on a rollover as opposed to a renewal. All of the above varies between lenders. More responsible lending information.

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