Track Loans short-term loans

Track Loans is a not-for-profit provider of short-term loans, that aims to offer a more-affordable alternative to high-cost "payday" lenders, pawnbrokers or high street money shops.

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Track Loans

Track Loans is a trading name of Street (UK) CIC. Launched in 2001, it is a not-for-profit company that until recently offered short-term loans of £100–£500.

Important information

As of October 2018 Track Loans is no longer accepting applications for new loans.

Compare short term loans

Table: promoted deals, sorted by total payable

Estimate how much a high-cost short term loan is likely to cost you each month and overall from some popular short-term lenders:

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 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.
Moneyboat Short Term Loan
£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.
Satsuma Short Term Loan
£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.
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 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
Satsuma Short Term Loan
Savvy.co.uk Personal Loan
Sunny Loan

The Track Loans’ service at a glance

Product NameTrack Loans Short Term Loan
Available Amounts£100 to £500
New customer maximum£500
Loan terms3 months to 6 months
Maximum APR201%
Soft search eligibility check
Instant decision in most cases
Repayment period optionsMonthly
Weekly
Fortnightly
Default repayment methodDirect debit
Repay early at any point
FCA registration number673046
More Info

How do I apply for a Track Loans?

  1. Before applying for a loan, you should assess your current personal and financial situation to consider whether this is the best option for you. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase 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.
  2. If you have decided to apply for a short-term loan with Track Loans, you can visit the site and select the amount you want to borrow and the term you feel you can afford to pay it back over, then click “apply now”.
  3. Track Loans will ask you to provide information about your employment, income, expenditure and current debts. It is important that you provide accurate and complete information during the application.
  4. Once you have read and agreed to the terms of service, Track Loans will carry out searches with credit reference agencies. It will then provide you with a decision.
  5. If your loan is approved before 2.30pm on a working day, the money will be transferred to your bank account on the same day. If you are approved after 2.30pm, the money will be with you before 11.30am the following working day. If you are approved on a weekend or bank holiday, the funds will be available on the next working day.

What are the eligibility requirements?

You should only apply to Track Loans if you are certain you can meet the repayment terms outlined. You must also:

ResidencyUK resident
Minimum age18
Min. income£1,000 per month (excluding any housing benefit)
Additional eligibility notesYou must have a UK bank account that accepts direct debits.
You must Live in England or Wales.

How do I pay back my loan?

Unlike a number short-term loan providers, Track Loans will only take repayments via Direct Debit on an agreed date. This means you are protected by the Direct Debit guarantee. It does not use a Continuous Payment Authority (CPA) to make multiple requests for payments from your account.

What is a Continuous Payment Authority (CPA)?

With a CPA 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 loan companies like Track Loans will use a CPA to collect your repayments, however you can cancel this at any point by either consulting with the lender or your bank.

Help! I want to modify my loan

Repay early at any point
Repaying early can reduce overall interest
Interest is only applied to days where funds are outstanding
Multiple loans allowed at the same time
More Info

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

Track Loans and similar high-cost, short-term credit providers offer a super-convenient but eye-wateringly expensive method of borrowing. Because of this, it should only really be considered as a last resort. It’s not a good idea for borrowing over longer periods, or for sustained borrowing, and don’t expect it to solve your money problems.

Before applying for an expensive loan, consider your options. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase then you could save yourself money in the long run. If you’re struggling to pay a bill, then why not talk 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.

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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