Student payday loans are short term loans, usually for a few hundred pounds that can be applied for completely online and have a quick turnaround rate, meaning that you won’t have to wait long for your decision or your money. The loans are designed to be paid back quickly so that the amount of interest you pay is minimised as much as possible despite the actual rates being higher than bank loans. If you pay back quickly, payday loans generally workout much better than slow repayment so always pay off as much as you can afford.

If you are a student and you have found yourself in the undesirable position of having an empty bank account with ever amassing bills to be paid, and your next student loan pay out isn’t for a few weeks, the information on this page might help you with short term loans.

Is it possible to get a student payday loan with no credit check and bad credit?

It is illegal for any lender to grant a loan without submitting the applicant to some sort of credit checks. The Financial Conduct Authority has strict guidelines regarding this, so any lender that is willing to loan you money with absolutely no credit check at all should be given a wide birth as it is likely they are a loan shark. The Money Advice Service have a great page on how to spot a loan shark. Please avoid them for your own well being, there are options to apply for those looking for a loan with bad credit scores.

Student payday loans brokers, like us, don’t perform our own credit checks when you apply with us because we are not the direct lender. Instead, the service we provide is getting your information seen by the top lenders and trying to organise the best deal for you in the shortest time possible. It’s the lenders themselves that will carry out the necessary credit checks to see if you are able to pay back the loan before they make their decisions.

Can I get a student payday loan with bad credit. What’s the best option ?

For many students, the first bit of debt they ever get into is their government student loan so they don’t really have a proper credit score or history. Some may have even fallen behind on their mobile phone bill once or twice and this will show up negatively on any credit check and they start looking for the best payday loans. Luckily, student payday loan lenders understand this and are still willing to give everyone fair consideration when it comes to their application. If a lender feels that you are now in a better position and will have no problems repaying the loan you requested, they are likely to offer you a deal regardless of any past financial indiscretions making bad credit payday loans possible.

Can I get an instant student payday loan with no guarantor and bad credit?

In some cases it is possible to get an instant student payday loan, even a bad credit loan with no guarantor but it depends on your current financial situation. If you have no previous credit issues then the automatic decision making software used by many lenders could grant you an instant loan. On the other hand, if you’ve ran into debt problems before, you’re application will need more consideration and it won’t be an instant loan wherever or whoever you apply with but don’t worry these loans are high acceptance so just be honest with your application.

Nevertheless, pretty much any payday loan from a direct lender is going to be dealt with quickly thanks to a more efficient application process. This process can be completed online in a matter of minutes and if you are approved by a lender, you could quite feasibly be looking at the money in your account the same day depending on how fast your particular bank deals with money transfers.

Compare student payday loans

Total Amount

Length borrowed for

Monthly APR example Representative 1266%

Loan total

Monthly repayment

£100 loan

3 months 24% £151.79 £50.60

£500 loan

3 months 24% £757 £252.34

What can I do if I have problems with a payday loan and are there alternatives?

Finding yourself sinking deeper and deeper into debt is not a good feeling and in these situations you may think you are all alone and attempt to bury your head in the sand. Dealing with debt problems is actually a lot more common than you think and you are certainly not on your own when it comes to struggling to balance your finances. It’s worth taking a look at the government career development loan as well. This might be a better or good alternative and worth a look

Organisations such as, the citizens advice bureau, the nation debt helpline and others have been set up and waiting to help people like you make their first steps on the road to financial recovery. The worst thing you can do with debt is choose to ignore it as it won’t go away. Instead you could easily find it spiralling out of control and amass even more debt in fines and missed payment fees. Tackling the problem early and head on, armed with correct information and good advice is the best way to deal with any problems.