Representative Example
If you borrow £500 over 12 months, your total repayment is £929.40. Your monthly instalments will be £74.95 and a one off 6% administration fee of £30. Annual Interest (fixed) is 125% per year with a 280% Representative APR.
New customers can apply for a loan of up to £1000 for between 6 and 12 months. Existing customers can apply for a loan of up to £3,000 for a maximum 18 months.



Payday Loans
Everyone has heard of payday loans. But what are they? Why do people criticise them? And what are the alternatives? A payday loan is a very short term loan, usually just a few weeks or even days.
The original aim of a payday loan was to help people get through to payday if they run out of money part way through the month.
Are there any risks with payday loans?
Yes. The main risks are:
- Interest rates on payday loans are often very high. They are an expensive way to borrow money.
- Repaying the payday loan may make you short of money again, which can lead to a vicious circle of debt.
- If you can’t repay your payday loan, this will show up on your credit report and could damage your credit score.
- Some lenders may be biased against you if they see that you have recently had a payday loan.
But if you are feeling the pinch, is there an alternative to a payday loan? To get your finances back on track again, a personal loan could be a much better option than a payday loan. For example, Fair Finance offers personal loans of up to £1000, repayable over a period of up to 12 months. You can repay your loan either weekly or monthly, and if you are able to pay off your loan early, there is no charge for doing so.
We will consider lending to you even if you have poor credit history. We understand that financial circumstances can change quickly. So as long as you are able to afford the loan repayments now, we may be able to lend to you.
It is easy to apply for a personal loan with us. The application process has four simple steps:
- You complete a simple online application form.
- We will check your application and contact you with our lending decision.
- If approved, we will finalise the details with you and ask you to sign the contract.
- We then aim to get your money to you by the next working day at the latest.
When you apply online, we aim to come back to you within one working day, but usually we come back in a few hours. We send you a decision by text and email, and also call you if you are approved.
So, if you are looking for an alternative to a payday loan, use the slider to check out what Fair Finance can offer, then use the Apply Now button to get things moving.
Want to know more?
WHY BORROW A FAIR PERSONAL LOAN
Bad Credit? On Benefits? New to the UK?

Discounts for existing customers

No hidden surprises

LET US ANSWER YOUR FAQ’s
We are a direct lender providing affordable loans of up to £3000
Why should I come to Fair Finance?
Fair Finance is a social enterprise. We aim to tackle financial exclusion. We build products for people with financial problems. We offer the cheapest price we can that is responsible and sustainable. We are actively transparent clear and honest.
I receive benefits. Can I still apply for a loan?
Yes. Many of our clients receive benefits. The most important factor for us is to make sure you are on top of your finances and can afford our loan.
How long does it take to get the money in my account?
After you have completed your online application form and submitted your bank statements, our team gets back to you with a decision within one working day or 24 hours. Remember, if we don’t have your bank statements, we won’t assess your application. In some cases, we may need to require extra documents such as a proof of ID or address. Once all documents are provided, the loan contract can be signed. Once it is signed, we deposit the money in your account on the same day during week day, and on Monday if you sign your contract on the weekend.
Any more questions?
Money worries? Need information or Advice?

