Free for you. Paid by our partners.

At a glance

The short version

• UKPayday is a credit broker, not a lender.
• We search a participating panel, not the whole market.
• We never charge you for using our service.
• A lender or broker may pay us if an introduction leads to a loan.
• Commission can vary between partners and products.
• You can ask us for the amount, or likely amount, before entering an agreement.

Our role

What UKPayday does

You complete one application and we check whether a participating lender or broker may be able to consider you.

We do not:

• Lend the money
• Approve or decline applications
• Set interest rates
• Decide your repayment term
• Recommend a particular loan
• Search every lender in the market

A potential match is not approval. The lender makes the final decision after completing its own checks.

No cost to you

Our service is free

UKPayday does not charge you:

• An application fee
• A matching fee
• An administration fee
• A membership fee
• A fee if no match is found

You will not pay us whether you accept a loan, decline an offer or stop before completing the process.

Commission

How we are paid

A lender or another credit broker may pay PJG Financial Limited a commission or referral fee if you enter a credit agreement after an introduction through UKPayday.

The precise arrangement can vary. The payment may be a fixed amount or calculated using an agreed commercial method.

It is paid by the partner, not directly by you.

Your cost

Does commission affect what I pay?

UKPayday does not add a separate commission charge to your loan.

The lender sets:

• The interest rate
• The APR
• The repayment term
• The total amount repayable
• Any charges that may apply

You must be shown these costs before you enter the credit agreement.

Where the existence or nature of commission could affect our impartiality, your decision or the amount you pay, we will explain that before you enter an agreement.

Partner differences

Does every partner pay the same amount?

No. Commission may vary depending on the partner, product or commercial arrangement.

Our matching process may consider:

• The information in your application
• The amount and term requested
• Partner eligibility criteria
• Affordability requirements
• Which partners are available
• Whether a partner may be able to consider you

We do not claim to provide independent financial advice or compare the whole market.

Ask us

Can I ask how much UKPayday will receive?

Yes.

You can ask us for the amount, or likely amount, of commission relating to your introduction. Make the request before entering the credit agreement so we can provide the information in good time.

Email help@ukpayday.co.uk and include:

• Your name
• The email address used when applying
• Your application date
• The lender or broker involved, if known

The FCA’s commission rules explain the disclosure requirements that apply to credit brokers.

No obligation

You are not required to accept a loan

UKPayday only makes an introduction.

You can:

• Stop before submitting the form
• Decline to continue with a potential match
• Review the lender’s terms before deciding
• Ask questions before accepting
• Decide not to borrow

We are only paid if the circumstances set out in the relevant partner arrangement are met. That does not create an obligation for you to proceed.

Fraud warning

We never ask for an upfront payment

UKPayday will never ask you to pay money to:

• Submit an application
• Secure approval
• Release loan funds
• Improve your chance of acceptance
• Pay tax or insurance before receiving a loan

If someone claims to represent UKPayday and asks for an upfront payment, do not pay them.

Never disclose your PIN, online-banking password or debit-card security code. Report suspicious contact to help@ukpayday.co.uk.