Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. UKPayday is a credit broker, not a lender.
The process
What we actually do
We keep the first step simple.
A potential match is not approval. The lender will make the final decision after completing its own affordability, identity and credit checks. This may include a hard credit search, which will appear on your credit file and may affect your score.
Responsibilities
Our job and the lender's job
It should always be clear who is responsible for what.
UKPayday
- Provides a credit-broking service
- Collects your initial information
- Uses a soft search to check for a potential match
- May introduce you to a participating lender or broker
- Does not charge you for using the service
The lender
- Decides whether to approve your application
- Decides how much it may offer
- Sets the interest rate and repayment term
- Completes its own checks
- Provides the money
- Collects and manages your repayments
We cannot guarantee that you will be accepted. We also cannot guarantee that you will receive the amount, term or rate you originally requested.
Before you accept
Why clear information matters
Short-term credit can be expensive. A monthly payment may look manageable on its own, but it does not tell you the full cost.
Only continue if every repayment fits your budget after rent or mortgage payments, food, energy, travel and your other essential costs.
Before accepting a loan, look at
- The interest rate and APR
- The number of repayments
- The amount of each repayment
- The total amount repayable
- The payment dates
- Any charges that may apply
- What could happen if you miss a payment
The most important figure is the total amount repayable. It tells you how much the borrowing will cost from beginning to end.
Commission
How UKPayday is paid
You do not pay UKPayday a fee.
We may receive a commission from a lender or another broker if our introduction leads to you entering a credit agreement. The commission may vary depending on the partner or product.
The existence and nature of the commission—and, where relevant, how it may affect the amount you pay—will be explained before you enter an agreement. You can also ask us for the amount or likely amount of commission.
Any interest or lender charges will be included in the loan terms you receive before you decide whether to accept them.
A word of caution
When borrowing is the wrong direction
A short loan should deal with a short, one-off gap: an urgent boiler repair, an essential car cost or a bill that arrived earlier than expected.
It should not become part of your monthly income.
If you need to borrow again to repay earlier borrowing, or the same shortfall returns every month, another loan is unlikely to solve the problem. It may make the next month harder.
Free and impartial help is available from MoneyHelper and established debt-advice charities. Speaking to them does not affect your credit score.
The legal detail
Company details
- Legal entity
- PJG Financial Limited
- Trading name
- UKPayday
- Registered in
- Scotland
- Company number
- SC535782
- Registered office
- 5 South Charlotte Street, Edinburgh, EH2 4AN
- FCA firm reference
- 919697
- ICO registration
- ZB537016
PJG Financial Limited is authorised and regulated by the Financial Conduct Authority. UKPayday is a credit broker, not a lender.
Ready to see where you stand?
Check our panel with one short form and a soft search. It will not affect your credit score, and there is no obligation to continue.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Representative 79.5% APR variable.
Rates from 48.1% APR to 1721% APR. Minimum term 3 months. Maximum term 36 months.
Representative example: Borrow £1,000 over 18 months. Make 18 monthly repayments of £89.22. Total amount repayable: £1,605.96. Interest: £605.96. Annual interest rate: 59.97% fixed. Subject to application and approval by the lender.