Payday Loans Net (PDNET) short-term loans

PDNET specialises in providing fast "payday" and short-term loans to people with a bad credit history, offering loans of £200-£700 (and up to £2,000 to returning customers).

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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.

Launched in 2017, PDNET is a relative newcomer to the payday/short-term loans market. It’s owned by London-based Western Circle Ltd, which also operates the lending brands CashFloat, PeraLoans and Quick Loans Express.

PDNET states that its high acceptance rate and willingness to lend to people with a bad credit history sets it apart from its competitors. Borrowers will, however, need to show that they can afford to pay back the money over the term applied for. It’s also important to be upfront about any previous financial problems during the application process. PDNET offers an instant online decision on its loans.

How do PDNET’s loans hold up against the competition?

Table: promoted deals, sorted by total payable

As well as comparing short-term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders. You can use the table below to get an idea of how much the loan that you have in mind might cost.

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available amounts Monthly repayment Total payable
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. 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.
Sunny Loan
£100 to £2,500
Representative example: Borrow £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 568% and total payable £199.33 in 8 monthly payments of £19.93. You can repay this loan early.

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 Personal Loan
Sunny Loan

Key features of a PDNET loan:

Product NamePayday Loans Net (PDNET) Short Term Loan
Available amounts£200 to £2,000
New customer maximum£700
Loan terms1 month to 6 months
Soft search eligibility check
Employer contacted during application
Instant decision in most cases
Funding speedPDNET says that if you're approved, funds are normally sent to your nominated account on the same day, and often within just a few hours.
Repayment period optionsMonthly
Default repayment methodContinuous payment authority
Repay early at any point
Parent companyWestern Circle Ltd
FCA registration number714479
More Info

How does a PDNET loan work?

If you decide to take out a short-term loan with PDNET, this is the process that applications normally follow:

  1. Use the sliders on PDNET’s site to choose how much you want to borrow, then select from the repayment terms available.
  2. Fill out the simple application form with your personal, financial and contact details. This should take about 2-5 minutes.
  3. PDNET states that it will issue a decision in less than 90 seconds, regardless of credit rating. You’ll then be asked to verify a few details online. You won’t need to speak to anyone on the phone, but you can call an advisor if you need help with your application.
  4. If approved, funds are normally sent to your nominated account usually within 2 hours.

How do I pay back my loan?

Like most short-term loan providers, PDNET uses a Continuous Payment Authority (CPA) to collect the repayments from your bank account on your chosen dates.

What is a Continuous Payment Authority (CPA)?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.

CPAs differ from direct debits because they give the company being paid the ability to withdraw money from your account whenever it wants, and to take payments of different amounts without consulting you. Most payday loan companies will use CPAs to collect your repayments. However, you can cancel this at any point by either consulting with your provider or your bank.

What are the eligibility requirements?

You should only apply for a PDNET loan if you’re certain you can meet the repayment terms. You must also:

ResidencyUK resident
Minimum age18
Applicant with bankruptcyPDNET will consider your application even if you have a CCJ against your name.
Additional eligibility notesYou must have a steady source of income.
You must have a UK bank account.

If PDNET does not approve you for a loan, it can perform a search for other lenders who may accept your application. If you would like to pursue this option, tick the box stating so before you submit your application. Always be sure that you know who you are borrowing from and what the terms and conditions are before you accept a loan. It’s a smart idea to check if a company is authorised and regulated by the Financial Conduct Authority (FCA).

Changing you loan: Additional borrowing options and early repayment

Repay early at any point
Repaying early can reduce overall interest
Interest is only applied to days where funds are outstanding
Multiple loans allowed at the same time
Phone number020 3006 6977
More Info

Is high-cost, short-term borrowing a good idea?

Short-term or “payday” loans from companies like PDNET offer a quick fix when you get into unexpected difficulties with your finances, but they are a very expensive method of borrowing – so you should only consider this one as a last resort. Short-term loans are unlikely to solve your money problems in the long term, and aren’t suitable for regular use. Before you apply, make sure you’ve considered other options carefully. Is the expenditure you’re planning absolutely essential? If you are struggling to pay a bill, could you talk to your electricity, gas, phone or water provider to see if you can work out a payment plan? Read more about alternatives to payday loans at

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you should never have to pay more than twice the amount you borrowed.

Frequently asked questions

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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