Payday Loans
Affordable Payday Loans Alternative from a Responsible UK Lender
If you need money quickly and payday loans seem like the obvious option, it’s worth pausing for a moment. They can solve a short-term problem but create a longer-term one – and there are better alternatives available. 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. 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 more suitable alternative depending on your circumstances rather than a payday loan.
Want to know more?
Representative Example
If you borrow £500 repayable over 12 months, your total repayment will be £929.40. Your 12 monthly instalments will each be £74.95. We will also charge and a one-off administration fee (6% of loan amount) amounting to £30. The rate of interest applied to the loan is 132% fixed. The Representative APR is 280%.
New customers can apply for a loan of up to £1,000 with repayments terms of between 6 and 12 months.
Existing customers can apply for a loan of up to £3,000 with a maximum repayment term of 18 months.
Are there any risks with payday loans?
- 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, as with other loans, 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.
Why choose a personal loan instead?
- Fixed repayments that are easier to budget for.
- Longer repayment terms can make borrowing more manageable and repayments more affordable during the month.
- Clear, transparent costs with no hidden charges.
- Borrow from an FCA authorised and regulated lender that carries out affordability and creditworthiness checks to make sure the loan is suitable for your circumstances.
Fair Finance offers personal loans
- £400 to £3000 (£1000 for new customers)
- Over a period of 6 to 12 months (up to 18 months for existing customers)
- 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.
This gives you the flexibility to choose a loan that fits your budget while knowing exactly what your repayments will be.
Simple Application Process
- 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.
Your Payday Loan Alternative
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.
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 FINANCE LOAN
Bad Credit? On Benefits? New to the UK?
Discounts for existing customers
No hidden surprises
Why choose a personal loan instead of a payday loan?
If you’re looking for extra financial support, it’s important to choose a borrowing option that works for your circumstances, not just today, but over the months ahead. While payday loans are required to be repaid quickly, this can put pressure on your finances if you’re already finding it difficult to make ends meet.
A personal loan from Fair Finance offers a more manageable alternative. Rather than expecting you to repay the balance within a few weeks, our loans are repaid over a longer period with fixed repayments, helping you budget with greater confidence.
As a responsible lender, we don’t simply look at your credit history. We take the time to understand your current financial situation and only lend if we believe the repayments are affordable for you. That means you won’t be encouraged to borrow more than you can realistically repay.
Whether you need to cover an unexpected expense, replace an essential household item or deal with a temporary financial shortfall, borrowing responsibly can provide peace of mind. Our aim is to offer fair, transparent lending that helps people move forward without adding unnecessary financial pressure.
Want to know more?
LET US ANSWER YOUR FAQ’s
We are a direct lender providing affordable loans of up to £3000
What is a Hard Search/Hard Credit Check?
A hard credit check is a full review of your credit report. It's recorded on your file, which means other lenders can see you've applied for credit. If you apply for a loan with us, we'll carry out a hard credit check as part of our assessment.
How do you make a decision?
At Fair Finance, we pride ourselves in not looking at people as “numbers”, and we don’t rely on a simple credit score to make a decision.
During the assessment, we go through your income and expenditure and what debt you may already have, to work out an affordable loan for you. We may also look at things like your bank account management and your credit history to see how you've been managing your finances.
I receive benefits. Can I still apply for a loan?
Yes. Many of our customers receive benefits. The most important thing is whether our loan would be genuinely affordable for you - that's what we look at.
Any more questions?
Why Choose Fair Finance As a Payday Loan Alternative?
We’re FCA-authorised and regulated, we carry out proper affordability checks, and we’re transparent about costs upfront. No hidden fees, no guarantor required.
- FCA authorised and regulated UK lender
- No guarantor required
- No hidden fees
- Transparent costs
- Responsible affordability checks
