Buffa short term loans review

As the name suggests, Buffa loans can give you a much-needed cash buffer. But is it a good deal?



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

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.

Compare Buffa loans to similar lenders

Table: promoted deals, sorted by total payable

Estimate how much a high-cost short term loan is likely to cost you each month and overall with some popular short term lenders:

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
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.
Savvy.co.uk Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
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
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% 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.

We compare payday/short-term loans from

Lending Stream Instalment Loan
Savvy.co.uk Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan

What is Buffa?

Buffa is a UK short term lender that offers small, fast loans. It’s a member of the Consumer Finance Association (CFA) and claims to offer flexible loans with no hidden fees for those with good or bad credit.

Key features of a Buffa loan

Product NameBuffa Short Term Loan
Available Amounts£100 to £1,000
New customer maximum£1,000
Loan terms3 months to 6 months
Maximum APR1,292%
Soft search eligibility check
Instant decision in most cases
Funding speedBuffa aims to deposit the money in your bank account within just 5 minutes of approval. However it might take longer depending on your bank.

Repayment period optionsMonthly
Default repayment methodContinuous payment authority
Additional repayment methodsOnline payment
Phone payment
Repay early at any point
FCA registration number791745

How does a Buffa short term loan work?

You can apply for a Buffa short term loan within a couple of minutes, and you can check your eligibility without it affecting your credit score.

When you take out a loan, you’ll be given a set repayment schedule and will then need to make monthly repayments until the loan has been paid off.

How much does it cost?

The cost of your loan will be based on how much you borrow and the length of your loan term. The longer you take to repay the loan, the more you’ll pay in interest, but the smaller the size of your monthly repayments. At the time of writing, Buffa’s rates max out at 274% p.a.


Loan amount: £100
Loan term: 3 months (with monthly repayments)
Interest rate: 274% p.a.

Total cost: £148.02

What are the eligibility requirements?

ResidencyUK resident
Minimum age18
Applicant with bankruptcyYou must not currently be bankrupt or in an IVA.
Additional eligibility notesYou must live in England, Scotland or Wales.
You must receive a regular income.
You must have a UK bank account with a valid debit card.

Pros and cons of a Buffa loan


  • Easy application
  • 5-minute funding
  • No hidden fees


  • Very high rates
  • Limited loan terms
  • Can only borrow up to £1,000

Changing your loan: Additional borrowing options and early repayment

Repay early at any point
Repaying early can reduce overall interest
Multiple loans allowed at the same time
Phone number0800 1701 703

Bottom line

Despite claiming to bring vital transparency to the short-term loan space, Buffa loans have the same benefits and drawbacks as most other payday loans.

While you can get approved and funded for a Buffa loan within minutes, you’ll be faced with very high interest rates (albeit not quite at the maximum allowable).

As with any short term loan, if you fail to make your repayments, you could end up getting yourself into serious financial trouble, therefore a Buffa loan should only be considered as a last resort.

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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