Compare fast £50 loans

Need a quick £50 to cover an emergency? Here’s how to find the best short-term lender.

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

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

With interest capped at an eye watering 0.8% per day, short term loans are far from ideal. At the same time, when unexpected expenses pop up, they have a role.

The funds on offer are smaller – and the rates higher – than loans on offer from traditional banks. You’ll also be expected to pay the money back faster.

Below, we explore whether short term lenders are the best option when you need a quick £50, and how to find the best deal.

Table: promoted deals, sorted by total payable
How much do you need to borrow?

How long do you need to borrow for?

1 - 5 of 5
Name Product Available Amounts Monthly repayment Total payable Link
QuidMarket Short Term Loan
£300 to £1,500
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Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1297.5% and total payable £454.38 in 3 instalments of £151.46.
The Money Platform Short Term Loan
£250 to £1,000
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Fund Ourselves (Welendus) Short Term Loan
£100 to £1,500
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Representative example: Borrow £200 for 122 days at a rate of 208% p.a. (fixed). Representative 504.7% APR and total payable £286.62 in 4 monthly payments of £71.71.
Moneyboat Short Term Loan
£200 to £1,500
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Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
Lending Stream Instalment Loan
£50 to £1,500
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View details
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

How does a £50 short term loan work?

This form of loan is often referred to as a ‘payday loan’, because you’re expected to pay it back in one lump sum as soon as you’re able to (most likely your payday). The lender will ask you to name this day. Interest charges will be levied daily, so the further in the future your payday is, the more you’ll be charged. This is different from traditional loans, where your debt is paid back in monthly instalments.

Key features of short term £50 loans

  • High interest rates. The defining feature for payday loans is the high interest rates. The cap for payday loan rates was recently set at 0.8% per day, which amounts to an APR of 1,286%.
  • Short repayment periods. It’s rare for short term lenders to offer £50 loans for more than 30 days, although some may stretch as long as 90 days.
  • Late repayment fees. Short term lenders are known for clamping down on you harshly if repayments arrive late. It’s a good idea to compare late repayment fees, but it’s much better not to pay late at all.
  • Quick access to funds. As these sorts of loans are for emergencies, many short term lenders boast about their speed of transfer. It’s common to expect the money in your bank account within an hour. If you stumble across a lender that takes more than day to transfer £50, you might want to look elsewhere.

Pros and cons

  • Quick access to money
  • Simple application process
  • Lenient eligibility criteria
  • High interest rates
  • Large penalties for large repayments
  • Short repayment periods


Although it’s easier to be approved for a short term £50 loan than it is for a more traditional loan, most lenders will still list minimum eligibility criteria. Read these criteria before applying to ensure you don’t waste your time asking for a loan you’re not eligible for.

For a loan of this size, most lenders will check:

  • You’re over 18 years old
  • You have a regular source of income paid directly in your bank
  • You have a valid phone number and email address
  • You’re not already in serious debt

How to compare lenders

  • Rates. This could be expressed as both a daily rate and the APR.
  • Total payable. This is the total amount you’ll owe to the lender if you’re approved for the loan. The capital owed, plus the total interest charges. Many lenders include a handy toggle on their websites, which shows you the total payable based on the rate and term length.
  • Available terms. Some lenders will allow you to pick the exact number of days you’d like to borrow the money for (usually up to 30 days). When you consider the size of interest rates, this is really useful. You don’t want to be paying interest for any longer than you need to.
  • Early repayment options. When you consider how high the daily rates tend to be, it could be beneficial to find a lender that allows you to reduce your interest charges by paying the loan back early. Not all them do, though.

Bottom line

Short term loans are intended as a short term solution, they shouldn’t be used as a solution for long-term financial difficulties. Before taking out any loan you should compare your options and find the one most suitable to your financial situation. The easiest way to compare lenders is by using a comparison table. Our tables lay out all factors on the page in a digestible format that makes it easy to find the best deal for you.

With all of these factors in mind, it should be simple enough to find the best possible payday lender for your needs. With such high rates in this market, the difference between the best lender and the rest could be quite significant, especially if you’re borrowing money for a number of weeks. However, it’s worth noting that an alternative method of borrowing might better suit your needs, and be less costly to you.

If you do search for a lender using a different method, check whether it’s FCA registered. This will ensure its terms and conditions meet certain standards of compliance when offering payday loans.

Frequently asked questions

We compare payday/short-term loans from

Drafty Line of Credit
QuidMarket Short Term Loan
The Money Platform Short Term Loan
Fund Ourselves (Welendus) Short Term Loan
Moneyboat Short Term Loan
Lending Stream Instalment Loan
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • Loans like Credio

    Credio was a popular source of short-term credit online until the lender stopped issuing loans in 2018.

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    Looking for loans like Cashasap? Check out our list of UK lenders offering similar payday loans and services to Cashasap.

  • Top reasons for payday loan rejections

    Had a payday/short-term loan application declined? Wondering why? We take you through the top reasons payday lenders say “no” plus what to do next.

  • Compare 6-month short-term loans

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  • Sites like Cashfloat

    Looking for sites offering similar loans to Cashfloat’s? Browse popular short-term lenders offering a comparable service. Compare rates, fees, eligibility and estimate the total cost of borrowing.

  • Compare £1,000 short-term loans

    Experiencing unexpected costs and considering a £1,000 short-term loan? Use our in-depth guide to compare rates between lenders and to get a fast and simple estimate of costs.

  • Compare 3-month short-term loans

    Sometimes unexpected costs pop up and leave us temporarily short of cash. If you need a helping hand for three months then you might be considering a short-term/payday loan. Use our guide to compare rates and total costs of borrowing from a range of UK lenders and to find out more about how short-term loans work.

  • Compare £300 short-term loans

    It’s not always possible to see what costs are around the corner. If you’ve found yourself £300 short then you might be considering a payday/short-term loan. Use our guide to learn more about payday loans, to compare lenders and to calculate the cost of a £300 loan.

  • Compare £100 short-term loans

    Need £100 to cover an unexpected shortfall? Before taking out a payday/short-term loan it’s smart to compare rates from a range of lenders. Use our fast and simple repayment calculation and learn more about short-term loans.

  • Can you repay your short term loan early?

    Why not repay your payday loan early if you can? Find lenders that let you close your loan early without charging you a penalty or fee.

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