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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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.

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warning icon 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.

Key features of a PDNET loan:

  • Bad credit applications considered. PDNET will consider each application individually, taking into account the affordability of the loan applied for.
  • Borrow £200-£700. This increases to £2,000 for those who have already repaid a PDNET loan on time and in full.
  • Repay in up to 6 months. The loan terms available to you depend on the amount you wish to borrow (see table below), and are capped at six months.
  • Fixed, high interest rates. Your interest rate is fixed, which means it won’t change during the course of the loan, and you’ll know in advance exactly what your loan will cost you each month and overall. However, with interest rates fixed at the maximum allowed by the Financial Conduct Authority (FCA), this is realistically an expensive way to borrow money.
  • Missed repayment charges. If you miss a repayment, a late fee of £15 will be added to your account and interest will continue to accrue up to a maximum of 100% of the amount borrowed.
  • Early repayment. You can repay your loan in full or in part at any time and save money in interest.

Available loan amounts and terms

Loan amountLoan terms available
£200-£2501-2 months
£3001-3 months
£350-£4502-3 months
£500-£6002-4 months
£650-£8503-4 months
£900-£11004 months
£1200-£20006 months

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

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 money do you need to borrow?

How long do you need to borrow over?

Name Product Available Amounts Monthly repayment Total payable
£50 to £800
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.
£300 to £800
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.
£200 to £1,000
Representative example: Borrow £300 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,256.3% and total payable £919.40 in payments of £203.33, £183.23, £163.13, £143.33, £123.24 and £103.14.
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.
£150 to £5,000
Representative Example: Borrow £350 for 6 months at a rate of 220% p.a. (fixed). Representative 651.4% APR and total payable £605.55 in 6 monthly payments of £100.93.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 259.33% p.a. (fixed). Representative APR 947% and total payable: £750.78 in 6 monthly payments of £125.13.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£100 to £2,500
Borrow £350 for 8 months at a rate of 204% p.a. (fixed). Representative APR 575% and total payable £572.80 in 8 monthly payments of £71.60. You can repay this loan early.
£50 to £200
Representative example: Borrow £80 for 29 days at a rate of 292% p.a. (fixed). Representative APR 1281.8% and total payable: £98.56, in 1 payment of £98.56.

Compare up to 4 providers

Important information: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

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

Short-term or “payday” loans 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

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:

  • Be at least 18 years of age
  • Live in the UK
  • Have a UK bank account
  • Be in full-time employment

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).

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

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We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although 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, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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