When you have an urgent need for cash, you usually check your savings. What if you don’t find any cash lurking in there? You turn to online instalment loans for help. It could be a personal loan, short-term loan, doorstep loan, etc.
Each of this involve borrowing now and paying the dues later in equal monthly instalments. However, one can repay a payday loan in one lump sum by the next salary day. You can also split the payments into affordable instalments if you want to.
A payday or an instalment loan may help you meet your requirements. Finding the right loan provider eases the task. It cuts out the hassle of documentation and provides needed assistance at every step. The blog discusses some of the best instalment or payday loan sites to check on.
Popular payday and instalment loans to check in 2025
Choosing the right company for your instalment and payday loans becomes easier when you know the parameters. Identify the APR, interest rates, additional costs, eligibility criteria and the pre-qualification result. It will help you know the loan approval chances and the approximate amount you may get on the loan. Here are some of the top companies to check out for payday and instalment loans in the UK marketplace:
Safemoneyloan
If you wish to tap someone as a pioneer into the Fintech lending landscape, Safemoneyloan is the place to be. Operating for years, the company nailed its focus on the operations of payday and instalment loans. You can contact one for short-term and long-term life needs.
Payday loans are known for their high interest rates and terms. However, the experienced loan company prioritise customers’ comfort. Hence, it offers detailed insight and help in reducing the loan costs.
You may get payday loans with guaranteed approval here by revealing your affordability. You do not need to provide massive documentation for that. Instead, you may qualify just by providing basic earning proof, i.e., a salary slip. Unemployed individuals may also get a payday loan by revealing part-time income evidence.
Drafty
Drafty is a well-known direct lending company known for providing the best instalment loans. It does not deal in payday loans as its prime focus is on helping individuals with needs as small as £300. You may instead find loans like short-term loans, same-day loans, loans for emergencies and bad credit loans as the prime offerings. However, if seeking long-term loans, Drafty may not be the right choice.
Annuityloans
If you wish to deal with the new age lending scenario without documentation, check out Annuityloans. It hosts a 100% online loan processing and approval process. The firm helps you meet any personal requirements with optimised offerings.
You may dial the number for payday loans, instalment loans, or get the cash delivered at your door. Yes, you may get that with doorstep loans. No hidden charges, simple application, no upfront fee and same day loan approval make it a quick-to-go option for any personal needs. You may get a loan despite a bad credit history.
QuidMarket
Just like Drafty, QuidMarket also deal with short-term loans like Payday. You may get anywhere from £300 to £1000 for your small and immediate loan requirements. Unlike Safemoneyloan, you don’t share repayment flexibility here. You instead need to repay the dues within 6 months instead of 12 months. However, the company conducts hard credit assessment searches as a part of the loan approval process. It may hurt your credit score temporarily.
DotDotloans
DotDotloans is a popular direct lending firm in the UK. They are known for the smallest payout limits, like £100 for any small needs. You may get payday loans, bad credit loans and short-term loans for your needs. Further, you may get the loan amount of up to £5000 here. However, re-applying for another loan may be time-consuming here. You need to re-login with your details for the next loan. It may make the whole process cumbersome.
24loansWales
If you are seeking instant cash options as an unemployed, 24loansWales may help. It is the right destination for individuals with a bad credit score and low income. You may find multiple loan options like – loans for people on benefits, no guarantor loans, payday loans and bad credit loans for any of your needs.
You can get the loan approved without detailed documentation, a guarantor or collateral. Instead, you may get the loan the same day if you meet the affordability criteria. You may get up to £25000 for your needs as the maximum amount here.
Creditstar
Creditstar is a popular platform for short-term loans with easy and transparent terms. The length of experience it shares in the industry makes it one of the best companies. However, the process is a little lengthy, which may affect the loan approval timelines. Thus, just make sure to provide accurate details while applying. It helps you avoid wasting time unnecessarily.
Cashlady
Cashlady is a popular direct lender operating for years in the country. The best part about the portal is its offerings. The clear differentiation helps you choose from the loan products according to your needs. You may get loans for bad credit history and short-term loans here. However, you may only get up to £10000 for your needs here. Moreover, you need to follow a specific repayment term according to the loan you take. If you struggle with payments or defaults, you may be liable for a penalty.
Moneyline
Moneyline is the right platform if searching for loans between £200 and £1000. The best part about the lending company is the clarity of the lending terms. The transparency in numbers makes it one of the popular platforms for short-term loans. However, it may take some time to receive a response from the company. I could be due to the loan processing procedure and the document requirements.
NortonFinance
NortonFinance is a long-operating lending firm which helps individuals refinance heavy loans. You can contact the firm for instalment loans like mortgage, home improvement loans, car repairs and purchase loans, etc. You may get £10000-£200,000 for your unique financial requirements. The range of loan options and amount flexibility make it a good option.
Bottom line
These are some of the best options for payday and instalment loans in the UK. Identify your personal needs, amount requirements and affordability. Compare the APR, interest rates, total (approximate) amount to pay, etc., before applying. It will help you choose the one with the lowest APR and fees. It thus helps you save money. Also, prioritise loans with transparent terms and no hidden costs.