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SwiftSterling.co.uk short-term loans review

SwiftSterling.co.uk provides short-term loans of up to £1,000 (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 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.

Key features of a SwiftSterling.co.uk loan

  • Borrow up to £1,500. First-time customers are limited to a maximum loan of £1,000.
  • Choose your instalments. Repay your loan over 1-5 months.
  • Fast payment. Once approved, the money can be in your bank account within an hour.
  • Fixed, high interest rates. With interest charged at the maximum allowed by the Financial Conduct Authority every day, this is an expensive way to borrow money.
  • Online account management. Log in to your online account to make additional payments, see your balance and apply for a further loan if you wish. You can also message an advisor from here.
  • Early repayment. There are no penalties for paying off your loan early. You pay interest only for the days that the loan is outstanding, so doing this could save you money.

How do the loans from SwiftSterling.co.uk compare?

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 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 1333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£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.
£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 £1,000
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.
£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.

We compare payday/short-term loans from

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QuickQuid Short Term Loan
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Satsuma Short Term Loan
247Moneybox Payday Loan

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

Short-term or “payday” loans 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.

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:

  • Be at least 18 years old
  • Currently live in the UK
  • Be regularly employed with a net monthly income of at least £667
  • Receive your pay directly into your bank account

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

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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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