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 - 7 of 7
Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
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More Info
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.
The Money Platform Short Term Loan
£250 to £1,000
Check eligibility
More Info
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
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More Info
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1293.3% and total payable: £454.37 in 3 instalments of £151.46.
Mr Lender Short Term Loan
£200 to £1,000
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More Info
Representative example: Borrow £300 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,256.4% and total payable £552.00 in payments of £122.00, £110.00, £98.00, £86.00, £74.00, and £62.00.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
Moneyboat Short Term Loan
£200 to £1,500
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More Info
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.
Fund Ourselves (Welendus) Short Term Loan
£100 to £1,500
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Representative example: Borrow £200 for 121 days at a rate of 211% p.a. (fixed). Representative 505.7% APR and total payable £286.26 in 4 monthly payments of £71.57.
CASH4UNOW Short Term Loan
£150 to £1,000
More Info
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1307% and total payable: £332.00, in 4 payments of £83.00.

Compare up to 4 providers

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.

The easiest way to compare lenders is by using comparison tables. Our tables lay out all of these 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.

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.

We compare payday/short-term loans from

Lending Stream Instalment Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
Mr Lender Short Term Loan
Moneyboat Short Term Loan
Fund Ourselves (Welendus) Short Term Loan
CASH4UNOW Short Term 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.

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