Uncle Buck short-term loans review

Uncle Buck offers short-term loans of up to £1,000, repaid over 4 or 6 months, that are designed to cover emergency expenses.

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Uncle Buck

Uncle Buck is a direct lender (rather than a broker) which has been trading since 2004 and is authorised by the Financial Conduct Authority (FCA).

Unlike traditional “payday” loans, where the amount you borrow would be due in one single repayment on your payday, an Uncle Buck loan splits repayment into manageable monthly instalments over a 4 or 6 month term. That can be handy, but don’t forget that the longer you take to repay a loan, the more it costs you overall.

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.

Key features of a Uncle Buck loan

  • Loans of £200-£1000. First time customers can borrow up to £500. All of Uncle Buck’s loan offers are subject to eligibility, creditworthiness and affordability assessment.
  • Choose your term. Decide between a 4 or 6 month loan term and set repayment dates to coincide with your payday.
  • No hidden costs. The overall cost of the loan plus the individual payment amounts will be made clear to you upfront before you accept the loan offer.
  • Simple application. Applications can be completed online in about 10 minutes. You will be asked to provide information on your employment, bank accounts and address history.
  • Quick access to funds. If approved between 7am-7pm the funds will be sent within 15 minutes. After 7pm, funds will be sent the following day.
  • Repayments collected automatically. Uncle Buck will collect monthly payments on the pre-agreed date each month using a continuous payment authority (CPA). Learn more about CPAs.
  • Repay some or all of your loan early without penalty. Contact Uncle Buck to request a final settlement figure. Depending on how close you are to the end of the loan term, this could save you money on interest.

How do Uncle Buck’s loans hold up against the competition?

Table: promoted deals, sorted by total payable

If you are considering a short term loan its a good idea to compare different providers and find the best arrangement for you. You can use the table below to estimate the cost of the loan that you have in mind, from a range of 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
£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

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

Payday/short-term loans offer a fast fix when you get into difficulty with your finances, but are a very expensive method of borrowing. You should only consider this as a last resort – they’re unlikely to solve your money problems in the long term, and aren’t suitable for borrowing over longer periods, or for sustained borrowing. Before you apply for a short-term loan, make sure you have considered all other options carefully. Find out more at moneyadviceservice.org.uk.

How does a short term loan from Uncle Buck work?

Uncle Buck’s online calculator enables you to select your loan amount and loan term, plus your preferred repayment day. You will then get a good idea of how much the loan would cost you each month and overall.

Applications are submitted online, after which Uncle Buck will complete an eligibility, creditworthiness and affordability assessment. Using your personal details, employer details, bank details and address history, as well as details of income and expenditure information, Uncle Buck will ensure your loan repayments are affordable and approve or decline your application accordingly.

Funds for applications approved between 7am-7pm will be sent within 15 minutes, and applications approved after 7pm will be sent the following day.

Like most payday/short-term lenders, Uncle Buck use a Continuous Payment Authority (CPA) to take your payment automatically on the repayment date you choose during your application.

What is a Continuous Payment Authority (CPA)?

With a CPA you give a company permission to withdraw money from your account on a regular basis.

CPAs differ from a direct debit because they give the company being paid the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday/short-term lenders will use a CPA to collect your repayments. You can cancel this at any point by either consulting with your loan provider or your bank.

What are the eligibility requirements?

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

  • Employed and residing in the UK
  • 18 or over
  • Have your salary paid directly into your bank account
  • Have a valid card for this account
  • Have a valid email and mobile phone

Further borrowing

Uncle Buck do not offer top ups, rollovers or extensions. Although some other lenders do offer these options, Uncle Buck believes it can lead to severe debt problems for customers and therefore don’t offer the facility. Instead, it encourages you to speak to customer service to discuss repayment options.

What if I miss a payment?

If a payment doesn’t go through, Uncle Buck will email and text you. They will also attempt to call you. If you are having financial difficulties Uncle Buck will help you set up an alternative, more manageable, repayment plan. This may involve breaking down repayments into smaller amounts over a longer period of time and freezing the interest.

If you do not respond to correspondence and no payment has been made three days after the due date you will incur a £15 fee. In addition to this you may be charged a daily interest rate of up to 0.8% on the outstanding amount.

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 (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 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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