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Can I use a payday loan to pay my rent?

13th October 2021

We will always find times in life when money suddenly becomes stretched and you might discover that urgent, unforeseen costs leave you unable to keep up with all your essential monthly payments like your rent. Even if you budget well and make a conscious effort to manage your money effectively, unexpected expenses can arise leaving you feeling stressed and anxious about your finances. Unsecured loans, like payday loans are designed to ease cashflow shortfall so you can remain in control of your finances and meet those emergency payments more easily.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How much would you like to borrow:

£150
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £250 loan for 3 months at a fixed interest rate of 290% pa. Total amount payable is £321.51 in monthly instalments of £93.26, £124.38 and £103.87. This is based on the amount of credit plus interest, no other fees apply. Representative 1288% APR


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