Swift Money payday loans review

Swift Money is a growing payday loan broker offering fast short-term loans. But high interest means this service should be a last resort.

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Swift Money

As a broker and not a direct lender, Swift Money will not provide financial services directly to customers, but will find lenders or providers for you instead. With over 20 UK payday loans providers linked to its service, Swift Money makes it simple for people in need of emergency cash. Swift Money gets you to fill in a simple application form, then it sends your application to various lenders to find you one willing to lend to you.

Whilst this may save you some time, as with all payday loans providers, Swift Money loans have very high interest. Make sure you consider all your options, including a credit card, before taking out a payday loan.

Key Features of Swift Money payday loans at a glance

  • Terms available from 1 to 12 months
  • Loan amounts from £50 to £1000
  • High interest rates
  • Simple 5 minute application process
  • No set-up or arrangement fees. You will only have to make the repayments and interest charged by your lender.
  • Have access to over 20 payday lenders
  • If you are rejected by one lender, you’ll be be automatically passed on to another for it to consider.

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.

How do Swift Money’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 tool 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 £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.
£200 to £1,500
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.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 229.95% p.a. (fixed). Representative APR 720% and total payable: £707.01 in 6 monthly payments of £117.83.
£100 to £1,000
Representative example: Borrow £250 for 30 days at a rate of 292% p.a. (fixed). Representative APR 1270% and total payable: £310, in 1 payment of £310.
£50 to £1,500
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.
£100 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 £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 567% 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
Moneyboat Short Term Loan
Peachy Loan
PiggyBank Short Term Loan
QuickQuid Short Term Loan
QuidMarket Short Term Loan
Satsuma Short Term Loan
Sunny Loan

Am I eligible for a Swift Money payday loan?

You should only apply for a Swift Money payday loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • UK resident
  • Over 18
  • In receipt of a regular income
  • Have an an account with a valid debit card
  • Can meet the repayments. Missed payments incur a charge and could have severe consequences on your ability to obtain future credit

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.

How do I apply?

If you’ve decided that a Swift Money payday loan is right for you, simply follow these steps to view what loans are available to you and get the cash you need.

  1. Go to Swift Money’s “Apply Now” page on its website and fill in the simple 5 minute application form.
  2. Have your application forwarded to over 20 payday loans providers, and if you’re accepted you’ll receive details of the lender Swift Money has found for you, and you will automatically be sent to the lender’s website.
  3. Your lender will send you your loan agreement. It’s important you read this carefully before signing.
  4. Most of Swift Money’s lenders have a same-day payout service, so you could have the funds in your account within a few hours. Make sure you look into your lender’s payout policy before signing however, as this is not always the case.

Is Swift Money safe to use?

Swift Money is authorised and regulated by the Financial Conduct Authority (FCA). If ever in doubt, you can search the FCA register to check whether a lender is authorised.

When will I receive my loan?

Applying to over 20 payday loans providers in one form does make the application pretty quick and simple, it should take only 5 minutes. After this, it should take only a couple of minutes for Swift Money to see if a loan match can be found for you.

From then however, it is up to your lender how long it takes for you to receive the money. Many of the loans Swift Money broker are paid out the same day as they try to only work with speedy lenders, but usually payouts take longer.

Swift Money pros and cons


  • Application time. It can take less than a day to get a small loan.
  • No set-up or arrangement fees.
  • Poor credit doesn’t mean you’ll necessarily be declined.


  • Very high interest.
  • Will result in multiple credit checks being done.
  • There may be other cheaper options open to you.

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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