Monthly payday loans

Monthly payday loans are designed to offer you fast access to cash that you then repay over a pre-agreed term from 1–12 months.

How can monthly payday loans help?

Compared to the more traditional personal loans that are repaid over a number of years, the borrowing period for payday loans can be a lot shorter – hence the name! The idea is that the money will tide you over until your next payday — or maybe a few paydays depending on how much you want to borrow.

This may be attractive to you if you need a fast cash injection (such as for a financial emergency) but don’t want to be saddled with monthly repayments for several years.

Popular loan durations

Get £100 to £3,000 paid out by 11:25 pm

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(It won't affect your credit score)
Representative 669.35% APR (variable)
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How do monthly payday loans work?

These are short-term loans that you typically apply for online. You can generally borrow amounts ranging from small 100-pound loans up to £3000. (The amount will vary depending on the provider).

You can also select how long you want to repay the loan. Again, while this will depend on the provider, you have the traditional payday loan that you repay on your next payday as well as other repayment options up to 3 or 6 months. 12-month loans are not uncommon either.

This flexibility means you aren’t stretched financially when repaying the money as you are spreading the payments across several months if need be.

Once you have decided how much you would like to borrow and the repayment term, initial approval could be instantaneous. (If it isn’t, don’t worry — sometimes lenders need a bit more information from you before they can make a decision).

If your loan application is approved, the money could be in your nominated bank account within an hour (with some lenders this could take a little longer).

Even if you have bad credit, loans may be available

There are lenders who are sympathetic and understand that sometimes people experience financial glitches that affect their credit history. So, if you have a less than perfect or poor credit history, you can still apply for monthly payday loans (providing you meet the eligibility criteria of course).

If your payday loans application is approved, you may find that in some cases the lender may offer you less that you want, to ensure that you’ll be able to comfortably meet your monthly payments.

Of course, all responsible payday loans providers reserve the right to decline any finance application if they feel it is not in your best interests.


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(It won't affect your credit score)
Representative 669.35% APR (variable)
View example

Monthly payday loans from Instant Lolly

Are you looking for payday loans online because you want something that is quick and easy to apply for? Then we think you’ll love Instant Lolly.

Flexible borrowing — choose from a large range of short-term and payday loans.

Flexible borrowing

Choose the most suitable loan amount and term for your needs. We provide loans from £100 to £3,000 over 1 to 24 months.

High acceptance — great approval rates for people with good and bad credit.

High acceptance

Fill out one short application form, and we will ensure your details reach all the right lenders for the best chance of approval.

Fast funding — instant decisions and speedy money transfers guaranteed.

Fast funding

Receive a decision in seconds, and get money sent to your bank account as soon as 15 minutes after approval.

Online convenience — access the best UK direct lenders in one place.

Online convenience

Apply securely online 24 hours a day, seven days a week — via mobile, desktop or tablet. Oh, and it's FREE too!

How can Instant Lolly help me?

As we have explained above, different loan providers may offer different products, and repayment terms.

At Instant Lolly, we use our experience and expertise to match you to what we believe is the most suitable payday loan for your own unique needs.

We offer small loans from £100–£500, plus other personal loans right up to £3000.

Our loans can be repaid from 1–24 months — meaning you can spread the cost in a way that most suits you.

Finally, we work with specialist lenders who provide bad credit loans. So if you need money fast but have a less than perfect credit history, we may still be able to help.

Why not apply now for a monthly payday loan to see how we can help you?

Can I apply?

To apply you must:

  • be at least 18 and a permanent UK resident;
  • receive a regular income, such as a wage, a pension or benefits.

You will also need:

  • a mobile phone and email address;
  • a UK bank account with a debit card.
We respect your privacy and will never use, sell or share your information for marketing purposes.

Ready to apply? Get up to £3,000 within 15 minutes of approval

(It won't affect your credit score)
Representative 669.35% APR (variable)
Representative Example: £250 borrowed for 30 days. Interest charged is £60.00. Total amount repayable is £310.00. Annual interest rate of 292% (fixed).

Important Information

If you do not make your minimum repayment by the agreed upon due date, you may incur additional charges and penalties. If you are having problems paying, please call your credit provider. For other sources of assistance, visit www.mymoneysteps.org; call the Step Change Debt Charity on 0800 138 1111; or National Debtline on 0808 808 4000; or visit moneyadviceservice.org.uk; or visit your local Citizens Advice Bureau.

Loan approval: All loan offers are subject to lender final approval. Approval/transfer times vary by lender. Not all lenders may be able to transfer funds in 15 minutes. Approvals/transfers may take longer for applications processed outside normal working hours. If your bank does not support faster payments, it may take longer for funds to reach your account.

Credit checks: When assessing your eligibility for a loan, lenders will carry out a soft search; only you can see them on your credit report and they have no impact on your credit rating. If you accept a lender's loan offer, they will perform a hard credit search which will be visible to any company searching your credit report for 12 months.

Instant Lolly does not charge customers a fee for using its services, but it receives a commission from lenders or other brokers following an introduction through this website.