Payday Loans

We are among the last few companies offering true payday loans as we believe that the service of getting cash for an emergency now and paying back with your now wage is still required. So if you apply for a loan with BingoLoans and you borrow £200 over 90 days, that has got to be better than not having a car because of a breakdown or not being able to use your broken washing machine for a month!

Please borrow responsibly, only use a payday loan or short term loan for the emergencies in your life.


Looking for Reliable Payday Loans Online?

When you’re faced with financial difficulty, a day or even an hour can be a lot of time, especially in our fast-paced world. Sometimes you need a loan as soon as possible. While you can apply for payday loans in high street stores, more people are taking advantage of the benefits that online lenders offer. With online lenders, the entire process is completed online, so you can expect to apply, receive a decision and get funded, if approved, all online.


How Much Would You Like?

Rates from 49.9% APR to max 1261% APR Representative example: Borrow £300 over 3 months @ 292% pa (fixed) Total repayment: £457.95 in 3 monthly payments of £152.65. Representative 1261% APR.
We are a Direct Lender and Broker, giving you more options

What should you look for when choosing payday loans in the UK?

A great number of people are looking for short term loans with prime interest rates in the UK, but they may not be approved for them. When that is the case, it is important they make sure the alternative options are legitimate. Here is a checklist of things to look for before choosing a lender:

  • Actual lender: Many online payday loan companies imply they offer loans themselves, when what they really do is take your information and sell it the highest bidder, taking away your opportunity to choose a loan that’s right for you. The law requires them to state that they are not a direct lender and that they are “a service to provide you with a loan.”
  • Authorised: UK lenders are required to be authorised by the Financial Conduct Authority. Online lenders must post their registration number on their website.
  • Physical address: If an online lender does not provide a physical address for correspondence anywhere on their website, beware.
  • Privacy policy: If a company doesn’t have a privacy policy on their website, it may be a warning that the company is less than reputable.

Industry best practices: Make sure the payday loan lender you choose is an active member of organisations like the Consumer Finance Association (CFA) and the Credit Industry Fraud Avoidance System (CIFAS). If you see these logos on the lender’s site, then they follow the lending industry’s best practices.

How should a payday loan be used?

Taking on a short-term loan is a big responsibility, and should only be done in an emergency or similar situation. These loans should only be used as solutions for temporary money issues and are not designed to be used as a long-term solution. But if you feel as though a short-term payday loan is the right choice for you, and are confident in your ability to make repayments on time, consider BingoLoans.

If you’re looking to apply for a larger loan amount or wish to have a longer repayment period then consider visiting our partner website, On Stride Financial, and read about their alternative to traditional payday loans.

Payday Loans Direct Lenders

If you’re looking for a loan company, that provides responsible lending, to provide you with a quick and completely online payday loan, then turn to BingoLoans, we are authorised and regulated by the financial conduct authority and will conduct the appropriate credit checks and affordability checks during your loan application process.

Payday Loans UK

For a long time, Payday loans have been a popular option to fix the situation when a financial emergency arises. Often, a small amount of money is needed quickly which can be repaid as when payday comes. If a slightly larger amount is needed before payday, this can lead to problems paying it back.

Our instant decision loans can often be in your bank account within a couple of hours. Or at least, the same day, which can be just what’s needed when you’re struggling with a financial emergency.

Short term loans are a perfect alternative to payday loans and BingoLoans can make the process smooth and quick. However, the most cost-effective alternative to a payday loan is to talk to your bank. Ask for an overdraft or maybe talk to family about borrowing a small amount. If you still need cash fast and other options aren’t available to you, a short term loan might be a better solution.

High Acceptance Payday Loans Direct Lenders

At BingoLoans, we have high acceptance rates when it comes to lending to individuals. It helps if our borrowers are able to adhere to our eligibility criteria also. When it comes to choosing the right direct lender for you. Please take your time to consider whether a payday loan is right for you. Don’t be forced into making a rash decision, consider your other outgoings, and the consequences of paying back the loan with interest at the end of the month.

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