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Have you got a financial emergency causing you stress and frustration? A payday loan may be able to help.

We have made applying as straightforward as possible, giving you quick and flexible access to the money you need to take care of that unexpected expense. You can apply to borrow anything from £200-£1,000 with three months to repay. Once approved or affordability and credit checks apply the money is paid straight into your bank account, helping you worry less about your financial emergency.


What is a payday loan?

A small, short-term loan, paid back in full or in part on your payday. We’re here if you need a little bit of help before your next pay check. Common issues people come to us with is a boiler repair or urgent repairs to your home, sudden dental work or vet bills. Whatever your financial emergency, if approved, you can count on us to provide the money you need.

Payday loans are typically pretty small, ranging from about £50 to £3000 and designed to be repaid quickly – we’re talking days and months. If you’ve got an unexpected expense, then Wizzcash could be the answer you’re looking for to get you back up and running quickly.

We’re a direct lender & broker

This means if your application is successful we will act as a direct lender[1] by lending and communicating directly to you. If your loan application is not successful, we will act as a broker to try help find an alternative credit provider or product. We do this by linking you to a panel of consumer credit companies offering services such as: loan products or loan comparison websites or credit reports companies. You bank card details are not shared with other organisations


How it works – a step-by-step guide

  • Step 1

    Choose how much cash you want & fill in the application

  • Step 2

    Verify your loan by SMS & email

  • Step 3

    Once approved cash is transferred to your bank account in 1 lump sum

  • Step 4
    3 equal monthly payments

    Money comes out of your bank account automatically

Why use Wizzcash?


Since 2012, we have been committed to responsible lending. Since then we’ve lent 26,000 loans, helping customers when they needed us most. We are members of the Consumer Credit Trade Association (CCTA)[2] and, authorised and regulated by the Financial Conduct Authority (FCA)[3].


We appreciate that unexpected financial events can cause stress, which is why we have tried to remove as much the complexity in applying for a loan online as possible. We offer loans for as little as £200, to as much as £1,000. Whichever amount you choose, you have 3 months to pay.


You will receive your money in one lump sum and repay your loan over 3 months in equal monthly instalments. We won’t continually extend a growing line of credit. Nor will we hit you with early payback fees or any other hidden charges. We’ll do the necessary credit checks to ensure your suitability and we’ll only approve a loan if we’re confident you can meet the repayments.

Following the FCA rules

You will never have to pay back more than double what you originally borrowed.

The price cap structure and levels set by the FCA means:

  • All loans will be capped at 0.8% per day of the amount borrowed.
  • If borrowers do not repay their loans on time, default charges will not exceed £15.
  • Borrowers will never have to pay back more than double the amount borrowed.

Wizzcash is authorised and regulated by the Financial Conduct Authority, under registration number 673428[4]

Why Use a Payday Loan?

Before we jump into the benefits…

It’s important that even when acting on an emergency to carefully consider your options. Firstly, make sure a payday loan is the right option for you. Always check the costs of the loan to make sure you can make the repayments on time. Payday loans may not be suitable if you are struggling financially or if you cannot control your spending or if you are looking to make non-essential purchase(s).

Why you may choose to use a payday loan?

  • A cash advance when you need it to bail you out of a sticky situation
  • With our payday loan you have 3 months to pay back
  • No early repayment charges or hidden costs

How much cash do you need?

  • £300
  • £400
  • £500
  • £600
  • £700
  • £800
  • £900
  • £1000
Apply Now Clock Icon Only takes a few mins
Warning: Late repayment can cause you serious money problems. For help, go to
Repay over
3 Months
3 payments of
Repayment total
Apply Now Clock Icon Only takes a few mins
Warning: Late repayment can cause you serious money problems. For help, go to is a payday loan direct lender. This means if you have a successful loan application with us we will communicate and lend directly to you. In the event that we are not able to help you, we are also a broker and we will link you to panel of consumer credit companies who might be able to offer you: loan products, with loan terms from 1 to 36 months, loan comparison websites to give you access to the comparison of loan products or credit reports companies to help you understand credit ratings and make informed credit decisions. We will never pass on your card details to any other organisation.

Representative Example

Total amount of credit : £300
Duration of the agreement: 90 days
Installment one
Installment two
Installment three
Repayment total
Interest is Fixed at rate of 292% per year - 0.8% interest per day | Representative 1265% APR

What is APR?

APR stands for Annual Percentage Rate. Presented as a percentage, APR is a calculation of the full amount you will pay for a loan over the course of one year. The calculation includes any fees you may need to pay, plus the interest rate a lender applies to your particular loan[6]. So, the Annual Percentage Rate -The APR- is the cost of borrowing money. When you do borrow money, the lender will calculate the interest plus the fees and split that across the year. If the loan is longer than a year, then the total is calculated and averaged to give you a yearly cost. The good thing is, every lender calculates it the same way, so there is a standard measurement you can use to compare financial products.


Representative APR and typical APR come into play because everyone has different circumstance i.e. your credit history, your history with the lender, how much you want to borrow and how long you want to borrow for. When lenders say “representative APR”, they are referring to a rate which 51% or more of applicants for their product will be offered. When lenders advertise a “typical APR” they are referring to a rate which, by law, two thirds or more of applicants for their product will be offered. Both rates include all interest, fees and additional charges.

Read more about APR …

Bank Overdrafts vs. Payday Loans

You’re in a sticky situation and need some extra cash, but do you dip into your overdraft or take out a payday loan?


Which? has suggested that it could be four times cheaper to take out a payday loan than it is to fall into an unplanned overdraft as overdraft fees can accumulate![7] Can you even remember your terms and conditions of using your bank overdraft? Thanks to FCA regulations[8], there is a cap on the interest you’ll pay back.


Read our blog post about the subject for more details


  • Show Answer About loans and responsible lending

    At Wizzcash, when we review a payday loan application, we treat it responsibly. Our aim is to always:

    • Treat our customers fairly.
    • Be transparent.
    • Only lend to people we feel will be able to repay.
    To help us do this we: Loan companies do not always have the best reputation. We are working hard to change that by putting our customers first and investing in responsible lending.

  • Show Answer Can I Get A Payday Loan With Bad Credit?

    The good news is you may still be able to get an online loan with bad credit in the UK, with some payday loan companies such as Wizzcash providing a responsible lending service that evaluates affordability also, not just your credit score.  It is important to remember your credit rating will have an impact on your ability to get loans from other financial institutions including banks and payday loans. Under FCA regulation, you must undergo a credit assessment when you borrow money from an authorised lender. Thus, you may want to avoid lenders that offer you a payday loan without a credit check.

  • Show Answer Do Payday Loans Affect Your Credit Score?

    If you take out any kind of credit, whether it’s a payday loan, credit card or something else, it will have an impact on your credit score – a score financial providers take into account when they decide whether to lend money to you – in some way. It’s true that payday loans have a higher APR when compared to other loan types such as credit cards. If you fall behind on your repayments, this could affect your credit score, just like any type of credit.

  • Show Answer Do Payday Loans Help Your Credit Score?

    Taking out a payday loan could, in some cases, help your credit score. While some lenders might view taking out a loan as a sign you’re struggling, paying a payday loan back on time could show a lender that you are a good repayer. Failing to pay it back would, however, negatively affect your credit score.

  • Show Answer How are payday loans different from other loans?

    The main difference between payday loans and other loan types such as a personal loan, mortgage, or consolidation loan is that they are low value and have a short repayment period. For example, you wouldn’t borrow more than £1000 with a payday loan (ideally) and you’d pay it back within a few weeks. However some lenders, such as Wizzcash, offer longer, flexible payment options for payday loans too. Payday loans also have a higher annual percentage rate, or APR, when compared to longer-term loan options.

  • Show Answer How Can I Protect My Privacy When Applying For A Payday Loan Online?

    You can be sure that when you apply for payday loans online with Wizzcash, that we have some of the very best encryption technology to identify, prevent and eradicate any scam attempts. Your online security is our ultimate priority. If you are asked to pay for anything in order to get a loan, then it could be a scam. If you would like a payday loan with Wizzcash, then please apply through our secure website.

  • Show Answer How Do Online Payday Loans Work?

    The application process for loans will vary depending on the lender you choose. This is how the loan application process works here at Wizzcash – and it only takes about 5 minutes.  

    • Tell us some basic details about where you live, your job and your expenses.
    • Enter your bank details so we can run a credit check.
    • We’ll run some other checks and you’ll receive an instant decision.
    • If approved, the cash will be in your account within minutes.

  • Show Answer How does compare to other lenders?

    Below, you can see our APR by comparison to other direct lenders offering similar payday loan options in the market, by comparison we have a relatively low:  

    LoanPig 1261% APR Direct Lender
    Wizzcash 1265% APR Direct Lender
    QuickQuid 1294.1% APR Direct Lender
    PiggyBank 1270% APR Direct Lender
    Sunny Loans 1293% APR Direct Lender
    Lendingstream 1333% APR Direct Lender
      Research undertaken 19/12/18.

  • Show Answer How Many People Are Using Payday Loans In The UK?

    In 2012, according to a study by ACCA, over twelve million short term loans were arranged in the UK. The market regulators are putting in restrictions in order to help consumers, which could be one of the factors in the steady decline in people using them since 2014.

  • Show Answer How Should I Use A Payday Loan?

    Payday loans are supposed to be used in the event of a financial emergency that you may not be able to pay for with what’s left of your monthly pay. Payday loans online should be used as a quick remedy in the short term, not as a long-term solution. Essentially, a payday loan is finance which is made available by an authorised direct lender, such as Wizzcash. Use them, and pay them back as soon as you can.

  • Show Answer What Checks Are Carried Out For Payday Loan Applications?

    At Wizzcash, we run credit checks to assess your suitability for taking out payday loans with us. A credit check presents a score which gives an indication of how well you have repaid various forms of credit in the past including mobile phones, credit cards and loans. Not keeping up with repayments will cause your credit score to drop. Paying back on time will maintain your credit score and will even improve it.

  • Show Answer What checks are done for loan applications?

    To assess you for a loan application, we run a number of checks, including:

    • Credit score check – we always check credit scores and use this to make our decision on your loan.
    • Employment check – we only lend to people in employment.
    • Affordability stress test – we look at what you want to borrow with what you can afford to repay.
    We also offer a flexible repayment plan, allowing you to pay back your loan in easy repayments rather than one lump sum.

  • Show Answer What Does APR for Payday Loans Mean?

    If you’re thinking of getting a payday loan, you’ll undoubtedly come across the term APR. Find out what these three little letters mean in our in-depth guide to annual percentage rates.

  • Show Answer What Happens If I Need More Time To Pay Off My Payday Loan?

    We understand that unexpected circumstances can cause you to not be able to repay your loan. While missing repayments can have serious consequences and cause you credit rating problems, Wizzcash has a friendly team that are always ready to help you. If you know that you’re going to miss your repayment, then let us know and we will do everything we can to work with you in order to make an affordable plan.

  • Show Answer What Is An Unsecured Loan?

    A payday loan can also be called an unsecured loan. This means that if you take out a payday loan, you don’t pledge an asset, like your car or your home, as collateral. This means that, if you fail to make repayments for your payday loan, you won’t have to give up anything in return, like you would with a secured loan.

  • Show Answer What Is The Lending Criteria For Payday Loans?

    To take out a loan with Wizzcash, you will need to be:

    • At least 18 years of age.
    • A UK resident.
    • In current employment, taking home at least £750 a month.

  • Show Answer Where Did Payday Loans Come From?

    Payday loans originated in Cleveland, Tennessee in 1993, where William Alan Jones redeveloped the idea of offering short term loans in return for a post-dated cheque, which was written for the combined value of the loan and fees on top of this. Based on this model, Cheque Into Cash was founded, and Jones convinced the state to change the laws that prohibited charging overly high interest rates. In 1999, Jones began the payday loan industry which quickly became a worldwide phenomenon.

  • Show Answer Why has been voted one of the best direct lenders?

    Wizzcash has been voted one of the best Payday Loan lenders by independent review company Our customers have rated us over 4.5 stars for Customer Service, Ease of Use, and Value for Money. As of October 2018, Wizzcash is rated 4.6/5 stars and is a Readies A Rated Lender.