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Options For Bad Credit Payday Loans
22 Aug 2018

Best Options For Bad Credit Payday Loans

Have you run out of cash before payday, or has a bill come out of the blue? If you need money fast, and you’re not due to be paid yet, a payday loan may provide the solution. Payday loans give you rapid access to funds on a short-term basis. If you’re interested in payday loans, and you’re looking for advice to find the best offers, Bonsai Finance can help.

The best options for bad credit payday loans

If you don’t have an exemplary financial record, you may have assumed that payday loans were not an option for you. In truth, payday loans can actually be an appealing option for those with a low credit score. If you have a full-time job and a steady wage, and you can prove that you can pay back a loan when you next get paid, there’s no reason why you shouldn’t be able to borrow money with bad credit.

If you have bad credit, and you’re on the hunt for a payday loan, it pays to have a look around, compare offers from different lenders, and try and find a loan that satisfies all of your requirements. Bonsai Finance analyses and evaluates products from an array of different lenders to make it easy for customers to find the best deals. If you’re searching for bad credit payday loans, here are some of best options:


Sunny offers a wide range of flexible loan options, most of which involve short-term borrowing. Sunny loans range from £100 to £2,500, and the repayment schedule is calculated based on the total loan amount. Smaller amounts are usually repayable within 2-4 weeks. Borrowing money is fast and simple, but be careful when it comes to interest rates. Always make sure you check the rate, and you understand exactly how much you’re borrowing and paying back before you submit your application.


Cashfloat offers convenient payday loans worth £200- £1,100. Interest rates are high, as you would expect for a payday loan for bad credit, but the process is very quick and simple, and this option may appeal if you need money fast, and you can repay the loan within a couple of weeks.


With Satsuma, you can borrow £100 to £1,000 over a period of 13-52 weeks. The lower the amount, the shorter the timescale. You can modify the amount and the term to find a solution that suits you. Interest rates, like many other short-term lenders, tend to be over 1,000%, but this option may work well if you’re able to repay the loan swiftly.


Peachy offers loans of £100 to £600. Interest is payable on the loan term, and it is possible to pay off the loan early. Typically you can expect an APR of around 1,200%, but if you plan to pay off the full amount in days, rather than weeks, this option could work for you.

Are you looking for a bad credit payday loan? If so, why not let Bonsai Finance help you find the best option for you?