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Piccadilly Loans review

Piccadilly Loans says it’s here to make mini-loans easy, but does it offer the right payday loan for you?

Piccadilly Loans is a loans broker and not a direct lender. This means that it will search the market for a loan that best suits your circumstances. Whilst this means that you can have access to many different lenders with only one application, it also may mean multiple credit checks and less of a say in where you get your money from and when.

Piccadilly Loans is a trading name of its parent company, Ineffable Ltd, and as a broker it brings a number of loans providers to your fingertips after just a one-page online application. As with all payday loans however, the loans Piccadilly brokers are high interest and should only be considered if you are sure there aren’t any cheaper options available to you, and you are certain you can meet the repayments.

Key features of Piccadilly Loans short-term loans at a glance

  • Get a loan for terms between 1 and 18 months.
  • Borrow from £100 to £1,000. Not all loans providers go up to £1,000, so you may not be able to get the highest amounts with whichever provider Piccadilly Loans finds for you.
  • High interest rates.
  • Simple one-page application process.
  • No fees for using the service and no obligation to accept any loan Piccadilly Loans finds for you.
  • If your loan is rejected, your details will be passed onto another lender for consideration without you having to fill in extra forms.
  • All credit ratings can apply.

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

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

Mini loans made easy

Piccadilly Loans is a broker providing efficient, secure and private short term loans to people all across the UK.

  • Borrow £100 to £1,000 over 1-18 months
  • All credit ratings can apply
  • Single-page application and quick decision

Representative example: Borrow £300 for 30 days at a rate of 292% p.a (fixed). Representative APR 1,270% and total payable: £372 in 1 payment.


Am I eligible for a Picadilly Loans personal loan?

You should only apply for a Picadilly Loans personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • UK resident
  • Over 18
  • Have a regular income
  • Hold an account with a UK-based bank or building society
  • You must ensure that you can meet the repayments as missed payments incur a charge and could have severe consequences on your ability to obtain future credit

How do I apply?

  1. Start by filling out Piccadilly Loans’ simple application form on its website.
  2. Piccadilly Loans then sends the information to Pingtree which applies for you, first from one lender, and then moving through others until it finds a match.
  3. Once a match has been found, you will be sent the details of your provider and the loan it is offering. You can then accept or reject the offer.
  4. Depending on the provider, you could receive the money in your account the same day.

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.

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

When will I receive my loan?

Once you have filled in the Piccadilly Loans application, it usually takes around 2 minutes for your application to be processed, and your providers to be listed. How long it takes from here is dependant on the provider you have gone for. If your in a hurry, you should look into payout times of the lender you have chosen and only accept if the lender has quick payout times.

Some of the lenders Piccadilly Loans brokers for have same-day payouts, and so you may have access to your loan the same day you apply.

Piccadilly Loans pros and cons


  • Quick online application
  • Access to many different lenders with only one application
  • All credit ratings can apply (although bad ones might not be accepted)


  • Higher interest than some other bad-credit options, such as guarantor loans and credit-building credit cards
  • You may be able to find a better deal by going direct to lenders
  • If you are rejected from one lender, you may end up with multiple credit checks, leaving a pretty big footprint in your credit rating

Frequently asked questions

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*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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