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Payday Loans

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Warning: Late repayment can cause you serious money problems. For more information, go to MONEYHELPER.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Oyster Loan is a credit broker and not a lender

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

Representative APR example

The rate you are offered will depend on your individual circumstances.

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.

Representative APR Example: On an assumed loan amount of £1,000 over 18 months. Rate of interest 59.97% per annum (fixed). Representative 79.5% APR. Total amount payable £1,554.10 of which £554.10 is interest. 17 equal monthly repayments of £86.09, and the final month’s payment of £90.57. .

What Are Payday Loans?

It is a short-term personal loan that a borrower has to repay within a year or less. Since these loans are unsecured and do not require any guarantor, many people opt for it during a sudden emergency. Traditionally, a payday loan had to be repaid by the borrower within 30 days. However, with evolution in the unsecured lending industry, the lenders are now offering this credit product for a period of a year. A borrower can easily avail a loan and can repay it back in easy monthly instalments.

These high-cost short-term credits are beneficial to resolve any financial difficulties as there are no limitations or restrictions on its usage. A borrower has the complete degree of freedom to use the loan amount for any purpose they want.

Payday Loans for People with Poor Credit in the UK

At Oyster Loan, we believe that a poor credit score may be a result of financial distress that a borrower went through. We understand that nobody will intentionally damage their scores. Hence, we deal with lenders who are authorised by the FCA and who provide payday loans for poor credit in the UK.

A credit score is undoubtedly an important part of your financial health. Many lenders take their decision of loan application based on the credit score of the borrower. That is how they gauge the borrower’s repayment affordability. While, there are lenders who consider the borrower’s creditworthiness and hence, they take the risk and lend money to people who do not have a perfect credit history.

It is important to find such lenders who are willing to take the risk or else it will become a challenging task for you to find the right one.

Moreover, our lenders will perform a soft credit check to present the options available to you. Please bear in mind that a soft check doesn’t impact your credit score and hence, your score will not be damaged during the initial loan application processing.

Online Payday Loans in the UK

With the advancement in technology, the payday loan industry has also advanced over the years. Now, a borrower can easily apply for a payday loan for bad credit with Soft Credit Check online. And with Oyster Loan, the process is much easier. The form of loan application has been designed to be operational on desktop and mobile devices. Because your convenience matters to us!

A borrower has to fill in the application form with all the basic details including their residential address, current and past employment details, bank account details, personal details such as date of birth, email ID, income, contact number, etc., While filling in the information, a borrower may be assured of the safety of their data as our website is hosted on a secure server. You may read more in our Privacy Policy.

Once you submit the application form of a payday loan online with all the necessary details, the lenders will verify the information provided. Also, they will assess the loan eligibility by conducting a soft credit check.

The decision of your loan application will be displayed on the screen if you meet the lender’s eligibility criteria.

An online payday loan applicant must consider the following points before making an application:

  1. a) The applicant must be 18 years or above.
  2. b) She/he must be a citizen of the United Kingdom.
  3. c) They must have a valid and functional bank account.
  4. d) They must have a regular income stream.

Alternatives to Payday Loans in the UK

If you feel that payday loans uk is not the answer you were looking for your financial queries, then you might try to consider a few other alternatives that are available in the UK. To choose the right credit product, you need to understand your own requirements first. Calculate how much do you need to borrow and for how long. Remember that the amount borrowed has to be repaid by you as agreed or else that may result in severe damage to your credit score.

A borrower may opt for a short-term loan. If you feel you need funds to cover some of the expenses of your dream day, you may opt for a wedding loan. If you want to unwind and relax, you may avail a holiday loan.

The choice of the credit product depends on you completely and your credit requirements. Hence, make sure that you know why you are borrowing the money and how much you can afford to repay the loan.

Borrow Responsibly – With Oyster Loan

Oyster Loan is an FCA registered loan broker that operates in the UK. Our aim is to promote responsible lending and borrowing in the financial market of the country. We care about our borrowers and therefore, we believe in maintaining the highest level of transparency to avoid any confusion and inconvenience.

Always remember to shop around and compare for more options if you are searching for low interest rate on a personal loan. This way you are more likely to find out a loan with favourable rates that you can easily afford. Once you borrow the loan, start repaying it regularly on time to avoid damaging your credit score. If you have borrowed a Payday Loan for Bad Credit, then timely repayment will help in building the score.

We deal with FCA registered lenders only and we do not charge any upfront fees to our borrowers. Oyster Loan will help you in finding the right lender and the right credit product so that you can smoothly sail through the financial distress.


WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYHELPER.ORG.UK.

Credit subject to status & affordability assessment by Lenders.

Oyster Loans is a credit broker and not a lender.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

Not all borrowers will qualify for a loan. The operator of this website does not engage in any direct consumer lending, we simply provide you a FREE loan brokering service. This means we don’t charge customers a fee for using our introducer services, but we receive a commission from lenders or other brokers if a customer enters into a consumer credit agreement with them following an introduction by us.

photo of Oyster Loan Oyster Loan
Oyster Loan
71-75 Shelton Street
Covent Garden, WC2H 9JQ United Kingdom £100-£35000
+44 203 633 1699
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