What are payday loans

A short term small loan, repayable in full on your next payday.


Instant online decisions, approval within minutes, cash up to £1000 within 24 hours (most loans can deposit in less that 1 hour!). It's not a bank loan, so you don't have to go though endless paperwork.


No fax payday loans (an industry first!). Just fill up the payday loan Application Form online without leaving the comforts of your office or home and get the funds in your account as soon as same working day.

Credit rating doesn't matter

Get approval even if you have bad credit history.

100% secure transaction

Toppayday uses SSL encription for customer information protection. All the information provided by our valued customers are, and will remain safe and secure.

Understanding your Payday Loan

Before applying for a loan, we would like you to fully understand the process and the potential financial implications. Fees and interest charges vary by lender. The interest charged per £100 loan is typically between £25-£30 which reflects an APR ranging between 1737% to 3,214%. Some lenders may charge a transfer fee or processing fee, typically around £5 but variable by lender.

Implications of Non-repayment
If your circumstances change and you feel that you will be unable to make your loan re-payment you must contact your lender immediately and try to discuss flexible terms. If you do not re-pay what you owe on the pre-agreed date and you have not arranged an alternative date with the lender, you may be subject to fees and penalties. Non-repayment could result in an automatic loan renewal/extension which could cause further interest charges and fees. These terms will be disclosed in full within your loan agreement and the amount charged will be decided at the discretion of your lender's policy.

Late Payment
Again, call your lender immediately if you expect your payment to be late. Because you will often be subject to a late fee, which will be added to the amount that you owe. Fee's typically run £15-£35 or a % of the loan, however they may be able to offer you a new re-payment date. Please read your loan's terms and agreement in full.

Collections Process
Typically you will not be called, emailed or text messaged unless you do not pay the loan back on time. In this case, your lender or a collection agency working on its behalf, may contact you via phone and in some cases physically visit you to arrange repayment. Collectors are regulated by the Office of Fair trading and are not allowed to act in a threatening or harassing manner.

Credit Implications
Some lenders use Credit Reference Agencies (CRA's) to verify your identity and detail your credit circumstances for the application. This leaves a similar footprint as applying for a credit card or store card. Non-repayment may result in an adverse report to the CRA's while an on time repayment can reflect a positive report to the CRA's. Toppayday advises to borrow only the amount needed and repay on the agreed date.



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Representative APR
200%-2281% (variable*)

Representative Loan Example:

  • Borrow £200 for 30 days
  • Amount payable - £258
  • Interest - £58
  • Interest rate -252.8% p.a., 1905% APR


  • Over the age of 18
  • Resident of the United Kingdom
  • Currently employed and receive a regular paycheque
  • Active bank account that salary is paid into

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Payday Loan Charges

Charges will vary slightly; you will be presented exact charges upon approval. Generally speaking charges will be around £29 per £100.

You Borrow Total Amount Payable
£160 £206.40
£200 £258
£300 £387
£400 £516
£500 £645
£600 £774
£700 £903

Average cost of credit 29%
for a 28 day loan.
Representative APR 1734%


  • Absolutely Award Winning!
    "I have received my loan this late
    afternoon,thank you. I just have to con fess that, your service is absolutely award-winning. I have a great pleasure using your service. Thank you."

    - Sutay Ceyhan