Secure payday loans

Do you know what what the risks are when you apply? Find out what makes a short term loan safe and how you can get one.

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A short term loan, also known as a payday loan, is a convenient option when you need money quickly, and there are scores of short term loan providers across the UK. However, even though government regulations dictate how payday lenders operate, there are still some disreputable lenders.

Security plays a particularly important role if you’re considering applying for a short term loan online, because you’ll need to provide your financial and identification documents over the Internet. There are secure short term loans available and this guide will show you how to find them.

What are secure payday loans?

A secure short term loan is one where the loan provider keeps your information safe and confidential, and adheres to rules and regulations.

In terms of features, they are the same as other short term loans.

Are secure short term loans regulated?

Yes. Recent government regulations restrict how much you can borrow and what fees and interest lenders can charge.

The Financial Conduct Authority (FCA) has implemented three changes to the price structure of short term loans to protect borrowers from unfair lending practices. These:

  • Reduce the maximum daily interest rate to 0.8% per day
  • Cap default fees at £15 to protect customers who struggle to pay back the loan and prevent them from getting further into debt
  • Cap the maximum total cost of a payday loan at 100% so customers will never have to pay interest that exceeds the loan amount

A selection of secure short term loans you can apply for

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 £800
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.
£300 to £800
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.
£200 to £1,000
Representative example: Borrow £300 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,256.3% and total payable £919.40 in payments of £203.33, £183.23, £163.13, £143.33, £123.24 and £103.14.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
£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.
£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.
£100 to £2,500
Borrow £350 for 8 months at a rate of 204% p.a. (fixed). Representative APR 575% and total payable £572.80 in 8 monthly payments of £71.60. You can repay this loan early.
£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.

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 for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

The features that come with secure short term loans

A secure short term loan offers the same features that come with a typical short term loan. Here’s what you can expect when you apply:

  • Secure online application. Lenders who provide secure online short term loans make use of the latest encryption technology to ensure that the personal and financial information you provide remains safe.
  • Loan amount and terms. A lender should not offer you a loan that exceeds the restrictions set by government regulations.
  • Quick access to funds. Some online short term lenders can give you access to the money you need on the day you apply, or at the latest the following business day. If you apply online and the lender has a physical branch location you may have the option of picking up your loan in-store.
  • Use your funds however you need to. You can use the loan for any purpose, but it’s worth remembering that short term loans are not designed for covering ongoing expenses. They’re for one-off emergencies like repairing your car or a broken boiler.

What you should look for to find a safe loan

There are many loans on offer. Here’s how to find a safe option no matter what kind of financing you’re looking for:

  • Payday loans. A payday loan is usually paid back in one lump-sum, typically when you receive your next paycheck. Contact the FCA to find out if the lender you’re considering follows its standards and if there are any unresolved complaints against its name.
  • Instalment loans. While most payday loans typically last for a month, it’s becoming increasingly common to borrow for slightly longer periods. These loans require you to make repayments in instalments spread across a scheduled time period, which can be up to three months or more. Ensuring that you’re dealing with a reliable lender when getting an instalment loan is crucial. To check the reputability of the lender, you can follow the same process as detailed above for short term lenders.
  • FCA authorisation. Check the FCA register to verify if the the lender you are borrowing from is authorised as a lender.

Is applying online for a short term loan safe?

Online SecuritySafe short term loans are easy to find in the online world. Most of the leading short term lenders make use of 128-bit secure socket layer (SSL) encryption technology to keep the transfer of information secure.

When you’re considering online short term lenders, stick to ones who provide phone numbers and a mailing address in a visible location on their website.

The short term loan industry is home to some disreputable lenders, which means it’s important that you compare your options and apply with lenders that are reputable and trustworthy.

Frequently asked questions about secure short term loans

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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