Tick Tock Loans: 2020 review plus similar companies

If you have an unexpected expenditure and a poor credit score has limited your options for getting credit, Tick Tock Loans could help with a short-term loan of £200 to £1,000 for up to 6 months.

Updated

Fact checked
Tick Tock Loans

A newcomer to the short-term loans market, Tick Tock Loans says its “personal touch” is what sets it apart from its competitors. It puts an emphasis on “manual underwriting”: rather than a computer making a decision on your loan, a personal account manager will consider your application on an individual basis.

Interest rates will vary depending on your ability to pay and your employment status. Make sure you always take the time to understand what the exact terms are that you’re being offered before you agree to a loan.

If you are approved for a credit facility with Tick Tock Loans, it will act as a direct lender (not a broker). Tick Tock Loans 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 Tick Tock 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 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.
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.
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.
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.
loading

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

Key features of Tick Tock Loans

Product NameTick Tock Loans Short Term Loan
Available amounts£200 to £1,000
New customer maximum£1,000
Loan terms3 months to 6 months
Maximum APR1,250%
Soft search eligibility check
Employer contacted during application
Funding speedOnce approved for a loan, Tick Tock loans says that you can expect the money in your bank account within a few hours.
Repayment period optionsMonthly
Default repayment methodDirect debit or Continuous payment authority
Repay early at any point
Parent companySavvy Loans Products Ltd
FCA registration number718888
More Info

How does a loan from Tick Tock Loans work?

  1. Use the sliders on the homepage to select how much you can afford to borrow and for how long.
  2. Complete the online application form, which will ask for details of your monthly income and expenditures. You will need to provide at least three months of bank statements to confirm your income.
  3. Tick Tock Loans will then perform a full credit search to assess your creditworthiness and ability to repay the loan. This will leave a footprint on your credit file.
  4. You will be given a decision on your loan within one working day of your application being submitted.
  5. Once approved, you will receive the money into your bank account within a few hours.

How do I pay back my loan?

You have two options for repaying your loan:

  1. Direct debit or standing order. Simply complete the online form during your application and the money will be collected from your bank by monthly instalment on the agreed date.
  2. Continuous Payment Authority (CPA). Many short-term loan providers use this method of repayment since it allows them to withdraw money directly from your bank account at any time.

What is a CPA?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account whenever it wishes and to take payments of different amounts without consulting you. Most short term lenders like Tick Tock Loans 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 loan through Tick Tock Loans if you are certain you can meet the repayment terms. You must also meet the following criteria:

ResidencyUK resident
Minimum age18
Additional eligibility notesYou must have a UK bank account.
You must be legally capable of entering into a binding agreement.

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

Looking for sites like tick tock loans?

These loan companies could offer a comparable alternative to Tick Tock Loans.

NameEstablishedLoan types
Tick Tock Loans Short Term Loan Tick Tock Loans Short Term Loan 2014 Instalment loans More info
Lending Stream Instalment Loan Lending Stream Instalment Loan 2008 Instalment loans Go to site
QuidMarket Short Term Loan QuidMarket Short Term Loan 2011 Instalment Loans Go to site
Savvy.co.uk Personal Loan Savvy.co.uk Personal Loan 2015 Instalment loans Go to site

Early repayment options

Repay early at any point
Repaying early can reduce overall interest
Phone number0203 743 8668
More Info

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.

Read more on this topic

  • Buffa short term loans review Buffa offers quick and easy short term loans, but with high rates and limited terms.
  • Updraft loans Updraft lets you avoid the cost of expensive overdraft fees by giving you a low cost loan when you overdraw on your bank account or credit card.
  • Uploan short term loans A "big sister" company to the better-known Peachy, Uploan offers small loans over terms of up to a year, to cover one-off expenses.
  • Overdraft statistics We find out how often Brits are going overdrawn in the UK and how new regulations are set to shake up the industry.
  • Loans like Credio Credio was a popular source of short-term credit online until the lender stopped issuing loans in 2018.
  • Cheque cashing If you need to cash a cheque, it can take three days to clear it with a bank. Cheque cashing services give you immediate access to your money.
  • Lending Stream loan calculator Considering a short term loan from Lending Stream? Use our calculator to work out how much it could cost you plus how much you could save by repaying early.
  • Sunny loan calculator Considering a Sunny short term loan? Use our calculator to work out how much you'll pay back. You can also compare Sunny against the competition and make sure you're getting the best deal.
  • Compare short term loans of £50 to £1,000 Compare live rates from a range of popular lenders on loans over two months or more.
  • Hastee review July 2020 An affordable alternative to payday loan, Hastee Pay's salary advances can be a lifesaver if you need to meet an unexpected expense.
Go to site