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 (broker)

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: 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.

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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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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