SwiftSterling.co.uk short-term loans review

SwiftSterling.co.uk provides short-term loans of up to £750 (or £1,500 for returning customers) to be repaid over 1 to 5 months.



SwiftSterling.co.uk is part of the Essex-based MMP Financial Ltd group, which also owns short-term loans provider PoundsTillPayday.co.uk. You can apply for a loan with SwiftSterling.co.uk entirely online, and have the money in your bank account within an hour. It is worth bearing in mind that SwiftSterling.co.uk charges interest on your loan at the maximum amount allowed by the Financial Conduct Authority, every day. Before you take out a loan, make sure you have compared lenders to ensure you are getting the best possible deal for your circumstances.

SwiftSterling.co.uk is authorised and regulated by the Financial Conduct Authority.

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 the loans from SwiftSterling.co.uk compare?

Table: promoted deals, sorted by total payable

If you’ve used the SwiftSterling.co.uk loan calculator to get a quote and want to see if you’re getting a good deal, find out how much a comparable loan is likely to cost you from some popular short-term lenders:

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.
QuidMarket Short Term Loan
£300 to £1,500
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
Savvy.co.uk 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.
The Money Platform Short Term Loan
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
Auden Short Term Loan
£200 to £500
Representative example: Borrow £500 for 91 days at a rate of 178.85% p.a. (fixed). Representative 430.77% APR and total payable £652.33. You’d pay two monthly instalments of £217.45 and your third and final payment would be £217.43.

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
QuidMarket Short Term Loan
Savvy.co.uk Personal Loan
Sunny Loan
The Money Platform Short Term Loan
Auden Short Term Loan

Key features of a SwiftSterling.co.uk loan

Product NameSwiftSterling.co.uk Short Term Loan
Available amounts£100 to £1,500
New customer maximum£750
Loan terms1 month to 5 months
Repayment period optionsMonthly
Default repayment methodContinuous payment authority
Repay early at any point
FCA registration number718863
More Info

How does a SwiftSterling.co.uk loan work?

  1. Use the sliders on the website to choose the amount of loan you need and the number of repayments you wish to make.
  2. Complete the online application form. SwiftSterling.co.uk will then contact a credit reference agency to determine your eligibility for the loan you have chosen. You may be required to provide some additional information at this stage.
  3. Once you are approved, you will be given a personal online account where you can manage your loan. This is where you can accept the loan offer, make additional payments, see your balance and apply for a further loan if you wish. You can also message an advisor from here.
  4. Once you have signed your loan agreement, your money will be paid into your account usually within an hour. However, this may vary depending on your bank.

How do I pay back my loan?

Like most short-term loan providers, SwiftSterling.co.uk 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 contacting your provider or your bank.

What are the eligibility requirements?

You should only apply for a SwiftSterling.co.uk loan if you are certain you can meet the repayment terms. You must also:

ResidencyUK resident
Minimum age18
Min. incomemonthly income of at least £667
Additional eligibility notesYou must be regularly employed.
You must receive your pay directly into your bank account.

Early repayment options

Repay early at any point
Repaying early can reduce overall interest
Interest is only applied to days where funds are outstanding
More Info

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

Short-term or “payday” loans from lenders like SwiftSterling.co.uk offer a quick fix when you hit a financial emergency, but they are a very expensive method of borrowing. Therefore, you should only consider this option as a last resort. Short-term loans are unlikely to solve your money problems in the long term. They are not suitable for borrowing over longer periods or for people who have serious debt problems.

Before you apply for a short-term loan, make sure you have considered all other options carefully. Is the expenditure that you’re planning a necessity? If you can put off a purchase even for a few months then you could save yourself money in the long run. If you are struggling to pay a bill, then try talking 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 moneyadviceservice.org.uk.

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 also 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.

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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