Best Loan Rates, Discover the Best Loans Rates in the UK

Best Loan Rates

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Representative example: Borrow £700 for 5 months. 1st monthly repayment of £235.80, 3 monthly repayments of £235.80, last monthly repayment of £235.90. Total repayment £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 832.04%. Our APR includes all applicable fees. Daily interest is capped at 0.793%.


Looking for the best loan rates when you need a short term loan is preferable, helping you to minimise the cost of borrowing. You may find many lenders will only offer the best loan rates to those with high credit ratings, but that leaves many people who can afford repayments without a fair choice. Here at Payday Loans Net, we provide some of the best loan rates in the UK, helping even those with poor credit get instant loans the same day.

All you have to do is choose a loan amount and term, up to £1500 between 3 – 9 months, and click apply now. We’ll give you an instant decision and you could have the funds approved and ready to use the same day. Settle your financial emergency quickly through us today.


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What are the Best Loans Rates?


No matter which type of loan you are looking for, you will find varying interest rates for the terms you want. Some lenders will reserve their best loan rates for applicants with a high credit score only, as this will ensure they are lending to low-risk borrowers. This means those with lower credit ratings may struggle to find lower interest rates. Traditionally, personal loans would have some of the best loan rates as they apply the interest at the beginning of the term and it is fixed. Other products such as credit cards may have much higher rates but provide flexible credit limits instead.

With payday loans, although they are a form of high-cost short-term credit, as you only borrow these over a small period such as 3 months, the representative APR may be confusing. If they are maintained and only used to cover short term financial issues, you could still find the best loan rates. Comparing a personal and payday loan is difficult as they are not intended for the same use. At Payday Loans Net, we offer some of the best loans rates in the UK for payday loans and provide transparent terms so applicants can see approximately the cost before proceeding.

Comparing the Best Loan Rates in the UK


As with any type of loan, to be informed on what the best loan rates are, it’s best to compare different loan offers. Whilst there are brokers online that can provide multiple options, they may not provide a selection of the best loan rates in the UK. Using short term cash loans can be expensive, so you should only do so when you have no other options. They should also only be taken out if you can ensure repayments will be maintained. Otherwise, you could fall into financial difficulty and end up owing more than you originally borrowed. We work to responsible lending guidelines at Payday Loans Net, to ensure you will never pay more than 100% of the value of the loan back in interest and fees. You can use our loan calculator to work out how much the loan will potentially cost and what the interest charge will be. You can then compare this to other similar loans and choose which one offers you the best loan rates for your circumstances.

Why Choose Payday Loans Net?


It can be time-consuming comparing many different lenders when you are in a hurry and need money fast. That’s why at Payday Loans Net, we offer one of the lowest APR rates available, representative 997%. When compared with other payday lenders, you’ll find we provide some of the best loan rates, helping you borrow the money you need without paying more interest than other lenders. We are authorised by the Financial Conduct Authority (FCA), working to responsible lending guidelines to ensure customers are treated fairly. Whether you need a loan for £300 or £1500, and no matter your current credit rating, we take a human approach to assessing your application.

As responsible lenders, we need to ensure you can afford the loan you apply for and that by approving this, it won’t cause further financial difficulty. This process is still quick and means we can provide a decision within 90 seconds of submitting your application. If approved, we’ll pay out the money the same day, even on a Sunday where possible. As a trusted source of short term borrowing, you can get the loan you need without delay.


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Best Loan Rates FAQs


How Do I Get the Best Loan Rates?

The best loan rates will depend on your situation, as if you only require a loan for a small amount in the short term, applying for a personal loan isn’t possible. In terms of payday loans, we provide some of the best loan rates in the UK which you can compare online. As you can use our loan calculator before applying, you will be able to see how much a loan through us will cost. You can then compare this to other direct lenders offering short term options and make the best choice for you. If you have bad credit, some of the best rates with other lenders may not be possible.

Are the Best Loan Rates Only For those with Good Credit?

Not necessarily, as there are many lenders like ourselves that can help those with poor credit whilst offering some of the best rates. By choosing specialist lenders, you can find more options available that won’t decline you straight away. Having good credit will enable you to access higher-value loans and other types of lending products, but generally with short term borrowing, you may still need to use a payday loan or similar to help. We have helped those with varying credit histories still get a loan that is affordable for them and on the same day.

Do the Best Personal Loan Rates Apply to Short Term Loans?

Comparing a personal loan with a short term cash loan will not provide a fair comparison, as they are designed for different uses. Typically, a personal loan will be for higher values over £1,000 and for at least a 12 month term. This is why when comparing APR rates, it may look very different. As a short term option is for less than 6 months, the amount of interest will seem much higher when looking at the APR. However, as you won’t have the repayments for over 12 months or more, the APR doesn’t necessarily match the actual interest you’ll pay. As per FCA guidelines, you won’t pay more than 100% of the value of the loan back in interest or fees, so the best way to look and compare costs is to use our loan calculator first.

Can I Still Get the Best Loan Rates on a Same Day Loan?

Yes, same day borrowing works in the same way as other loans, so you can still choose and compare to get the best loan rate deals. Some people may expect to pay much higher rates of interest with an instant loan as it provides quick convenience. However, the shorter repayment term will mean you will settle the loan quicker and only choose affordable repayments. If you compare Payday Loans Net with other quick cash lenders, you will see we offer competitive rates and some of the lowest available.

Apply Now & Compare the Best Loan Rates


Ready to see the best loan rates for your short term need? Click apply now to start your application today. If you have any questions about our borrowing options at Payday Loans Net, please contact us to find out more or browse our FAQs. We do not provide financial advice, but if you are in financial difficulties and you need more help, visit Money Helper to discover more information.

Best Loan Rates in the UK


Most borrowers will want to access the best loan rates, but it isn’t always possible. If you have a low credit score, your options will be limited, but you can still get the best loan rates depending on your circumstances. At Payday Loans Net, we can offer instant cash loans at a competitive rate, much lower than some other payday direct lenders. To be eligible, you will need to be at least 18 years of age and:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

Applying today will give you a decision in minutes and potentially same day cash. If you are looking to settle a financial emergency quickly, we can help to lend the money you need and pay out fast. We can’t guarantee approval, but we will fairly assess your application and look to help you where we can if you can afford repayments and are not in financial difficulty.

Representative example

Total amount of credit: £700
Duration of the agreement: 5 months
Repayment total: £1,179.10
Interest is fixed at rate of 222.79% per year – 0.793% interest per day | Representative 832.04% APR
£235.80
Instalment 1
£235.80
Instalment 2, 3 & 4
£235.90
Instalment 5
Warning: Late repayments can cause you serious money problems. For help, go moneyhelper.org.uk