While you can choose to pay off your loan on your next payday, this is not required. We offer payment terms that provide you with the flexibility to pay off your payday loan straight away or over time. We offer repayment terms of up to 8 months for first-time customers, or 12 months for returning customers.

Absolutely, you can apply for an instant payday loan with us from any device that has internet access – smartphone, laptop, desktop or tablet. This means you can apply for a loan whenever and wherever you are. You can even sign your loan agreement digitally, allowing you quick access to the funds you need.

Like any loan, quick payday loans come with interest that must be paid. Generally, the shorter the loan repayment timeframe, the less you’ll pay in interest. As an FCA-approved payday loan direct lender, we adhere to the 2015 FCA price cap. This guarantees that interest and fees will not exceed 0.8% per day, that default fees are capped at £15, and that your total repayments won't surpass 100% of the loan's value.

Payday lenders in the UK, including Fast Loan, are regulated by the Financial Conduct Authority (FCA). This ensures that our loans are fair to consumers like you. It’s always best to choose lenders that are approved by the FCA, as they make sure lenders stick to responsible lending practices and prioritise customer wellbeing. You can look us up in the FCA register – our reference number is 673907.

The best payday loan direct lender for you will depend on your circumstances. It’s a good idea to know exactly what you need when applying, so you can look at all of the lenders and make the best possible choice. If you’re looking for quick payday loans, flexible repayment options, and a trustworthy lender, Fast Loan is the perfect choice.

As a payday loan direct lender, we will perform a credit check during our application process. If you have poor credit, we may still offer you a loan, provided that you meet our affordability requirements. This includes being in full or part-time work – you can find out more about how it works here.

Being turned down for a loan can sometimes impact your credit rating. However, if a lender uses a ‘soft’ credit search instead of a ‘hard’ one, this should not affect your credit rating at all. Soft credit searches don’t show up in your credit history, unlike hard searches. Instant payday loans can improve your credit rating, as long as you make payments in full and on time.

Though we cannot guarantee approval for a loan, we aim to help customers get access to the money they need, whatever their circumstances. We don’t rely solely on credit checks to decide whether or not to make an offer – we look at affordability to make our decisions. This means looking at your employment and spending to make a decision. We offer payday loans for bad credit in some cases.

There are no hidden fees here at Fast Loan. We pride ourselves in being upfront with our customers about any fees from the beginning. As a payday loan direct lender, we’ll show you the cost of your payday loan before you sign. Interest is only charged during the time you have borrowed from us. Our missed payment charges are capped at £15 and we don’t charge for late payments. There is also no application or processing fee.

Absolutely. We aim to provide fast payday loans – and even instant payday loans are available to eligible customers. Our application process is designed to be quick and easy, taking only a few minutes online. Once you’re approved, the funds are released to your bank account within 15 minutes, ideal for those emergency situations where you need cash fast.