Representative 49% APR
Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%. Rates between 9.3% APR and maximum 1721% APR. New Horizons is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

Warning: Late repayment can cause you serious money problems. For help, go to

Payday Loans Online from New Horizons

Payday loans offer you an easy way to access small amounts of cash for a short period. The nature of a payday loan makes it an ideal solution for people suddenly faced with an unexpected bill. To make the process as quick as possible you can complete your payday loan online with no paperwork.

The flexible repayment period allows you to request the amount of cash you need to see you through to your next payday, hence the name. However, you can select a more extended repayment period if it suits your circumstances. People that use a payday loan successfully understand they are only a short-term fix and need to be paid back on time.

applying online

These loans are therefore not good if you are wanting access to some extra cash or are trying to solve a long-term financial issue. You must therefore always read as much as you can regarding repayments and what happens if you fail to repay the loan in the designated time. Always striving to help get the right loan for you, many of the new payday lenders now offer competitive same day loans. Fully certified, these lenders provide full transparency regarding their loans; helping to ensure they answer your questions or concerns.

Different Types of Payday Loans

A small short term loan or a payday loan offers a temporary financial solution and should not for use as a long term financial solution.

What you need to know
Why use us?
How much can new customers borrow?
Up to £5,000
No fees, ever!
What are the repayment terms?
3 to 36 Months
No paperwork
Representative APR
49.9% (variable)
No obligation quote
Can I apply with bad credit?
Instant decision
Can I repay in instalments
Flexible repayment
Do lenders credit check?
We only soft-search

Loans for Life’s Emergencies

A payday loan can be particularly useful when faced with an unexpected expense that can’t wait.

Getting a payday loan

The online application process is straightforward, and we have a dedicated and efficient customer support team. If approved, you could have the money in your account on the same day, although the time can vary depending on your bank’s procedures.

A payday loan can be particularly useful when faced with an unexpected expense that can’t wait. While the reasons people take out a loan are numerous, some of the most common causes include an unexpected vet bill, car, or house repair.

Due to the often urgent nature of the loan, payday loan lenders have streamlined the process so they can have the money in your account quickly.

As all payday loans are over a shorter term than conventional loans, the APR is typically higher to reflect the short window of interest. A payday loan should never be a long term solution to a financial problem. Fully certified lenders will offer a competitive and transparent loan. You must read the relevant information, so you grasp the terms of the loan and understand the consequences of failing to pay.

To help you understand payday loans, we’ve provided the answers to some of the most common things we get asked below. If you can’t find the answer to your question, please get in touch, we love to hear from you and are always happy to help.

Does a payday loan have to be repaid in full on my next payday?

No. Payday loans can be paid back when you reach your next payday, but many people in the UK pay them back over several months. This longer-term is to help avoid being in a similar situation the following month when the loan is due to be repaid. Splitting the repayment into a few smaller payments makes it more manageable, leaving more of your wages for you to live off.

The term of your loan will depend on what you agree when accepting a loan offer. Small loans are usually spread over a shorter period, while more significant amounts sometimes need to be repaid over a longer-term. If for any reason you can’t repay your loan on time, contact your lender straight away. Speaking honestly with your lender will help them to resolve the issue before you fall behind on your payments.

Can I apply online for a payday loan?

The quick answer is yes. To meet the increasing demand for online services and to take advantage of breakthroughs in mobile technology, many direct lenders in the UK now offer payday loans online. To help you get complete access to the different types of payday loans available, many of the direct lenders offer online loans. Meaning you can apply for a credit on your phone, laptop or tablet, as well as from any location.

Incredibly simple to use, mobile loan applications are similar to traditional application processes in regards to the information asked for and the type of credit check performed. After providing details of your current personal situation, as well as relevant identification and other information, your application is dealt with very quickly. You can often get the funds you need the same day as your application; sometimes within hours or even minutes.

Quick, safe and available from the comfort of your own home, online loans have quickly become one of the easiest and popular types of payday loans currently available in the UK. As such, many of the biggest direct lenders in the UK now offer a range of online loans, including online loans for people with bad credit.

You can apply for a loan today on any device. You will get an instant decision on your application from a large panel of lenders.

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Is a payday loan safe?

As with any transaction performed online, there are always some people with reservations regarding security. Because online shopping, banking, and loans are still relatively new for some people, many are naturally cautious about giving their banking details online. While this is, of course, understandable, modern technology and security practices have helped create incredibly secure systems that are helping to eliminate such concerns.

Many new payday loan lenders in the UK are now able to guarantee that any details you give online will remain completely private; helping to provide you with important peace-of-mind. As a result of such breakthroughs in data protection, online loans can now claim a reputation every bit as trusted and secure as traditional methods. Always striving to provide customers with instant access to some of the very best loans available, we do all we possibly can to help you get quick, convenient access to payday loans. We are working with the largest and most trustworthy direct lenders found in the UK.

Secure Lending

Are payday loans regulated?

Yes. Since 2014 payday loan lenders come under the authority of the FCA (The Financial Conduct Authority). The Consumer Credit Act 1974 also means all lenders must have a licence to offer consumer credit. The FCA issues these licences, and they consider irresponsible lending before granting permission.

Using an established, reputable and regulated lender for a payday loan ensures they adhere to the required processes to make their loans and practices acceptable to the regulating authority. You may also wish to check the lenders’ privacy policy for their Information Commissioner’s Office registration number. This check will provide extra peace of mind that your data is used appropriately and is secure.

Are payday loans expensive?

More people than ever are taking advantage of a payday loan to help them out of an unforeseen emergency, partly because of the nature of payday loans in the UK. Lenders regulated by the FCA (Financial Conduct Authority), have rules they must all follow. Meaning their loans are transparent, and the interest or APR rate displayed on all advertising and their website.

When you compare a payday loan rate to a personal loan, it does seem high. However, payday lenders charge a higher interest rate because the period of the loan is much shorter. Meaning they have a shorter window of time to make a suitable return on the money they have loaned, so the interest rate tends to reflect this. The increased popularity of payday loans has also led to increased competition between lenders. This competition between similar lenders can help to drive interest rates down, which can only be good for consumers looking for a loan in the UK.

How does payday loan interest work?

In essence, payday loan interest works just the same as interest on other types of loans. The lender will set the level of interest to be paid on a loan, and this added to the amount you borrow. However, there is one noticeable difference between a payday loan and that of more traditional types of loans; the APR.

In general, short-term loans including payday loans, feature a much higher APR than other types of loans. The difference can often be huge, with some lenders charging over 2,000 %. There are various reasons why lenders charge so much on these loans, with the biggest being the fact that these loans feature a short repayment period.

As such, lenders charge more to ensure they get their money back and of course, make a profit. Therefore, you must remember that such cash till payday loans are designed only to be a short-term solution. If used correctly, these loans can be beneficial. However, because of their high APR, payday loans must not be considered as a long-term solution to financial problems.

Do I need a credit check?

The quick answer to this is yes. All direct lenders are required by The Financial Conduct Authority to carry out a credit check on all loan applications. Therefore, no credit check payday loans don’t exist. As such, if you see a lender offering this, they are not telling you the truth, or they are not an officially-recognised lender. Remember, if you apply for a loan, lenders will check your credit score as part of the application. However, if you suffer from a bad credit score, this does mean your loan application will be turned down.

In the past, a bad credit rating would automatically put you at a disadvantage and would most likely ensure your loan application was not successful. However, many modern lenders are now changing how they rate a person’s suitability. People can find themselves with a bad credit rating for a variety of reasons. Because of this, many direct lenders are now changing how they rate a person’s application.

Find your best rate loan without needing an initial credit check.

‘Soft Credit Match’ our broker partner’s technology matches your profile with our industry-leading panel of Financial Conduct Authority (FCA) approved direct lenders without leaving any mark on your credit record.

With no obligation & no cost – it’s the best way to find a loan.

Get Your CreditMatch

Looking past traditional markers, lenders are now using more realistic indicators to assess a person’s ability to pay back a loan, such as current employment status. As a result of these changes in the industry, more people than ever before are now able to successfully apply for a payday loan regardless of their bad credit.

Will a credit check lower my credit score?

One problem when applying for payday loans in the UK in the past was how the process could negatively affect your credit score. If you applied for a loan and were turned down, your credit score could drop as a consequence. Resulting in a negative cycle where the more you asked for money, the more difficult it became actually to get it. This resulted in many people damaging their credit score and ultimately preventing them from even applying for loans they desperately needed.

When you initially apply for a payday loan, something called a soft search is performed. A soft search has no impact on your credit score. If you’re approved and agree to take out the loan, then lenders are required by the FCA (Financial Conduct Authority) to perform a hard (full) credit search. By this point, you’ve already been accepted based on a soft search, so it is much more likely that you’ll be issued a loan and it doesn’t create a problem.

How quickly will a payday loan be paid out?

The loan application process is designed to be quick. Lenders have streamlined it as much as possible for several reasons.

A payday loan is usually applied for when an unexpected expense has popped up, and you need the money quickly to cause the minimum amount of disruption. Another reason is also associated with this, as people that need cash quickly are more likely to look at a lender that offers quick cash. Some lenders are making claims of getting money into your account in a few minutes. However, the truth is that lenders don’t have control over your banks own systems or processes. Therefore, we say you should have the money in your account on the same day, but does still depend on your bank’s policies and procedures.

I am struggling with my debts. What should I do?

If you are struggling with your debts and require assistance, you can speak to the companies below, free of charge.

Payday Loans - Check Eligibility

If you need a loan for any purpose then you can check your eligibility quickly and easily. It takes just a few minutes to see if you could be approved.

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