The Very Best Loans with Loantra

Short-Term Loans

Apply Today to Borrow up to £995

*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

What Loantra can do for You

Guaranteed Payday Loans

Sometimes you need a little money fast. Either you miscalculated your budget and find yourself unable to pay a particular bill or make rent, or you were hit by an unexpected expense whether your car has broken down or your plumbing is faulty.

Whatever the case, this can put you in trouble if you have a bad credit rating. A credit rating is a score that you receive based on your previously demonstrated ability (or inability) to pay back debts. If you have a good credit score, then that means that historically, you have proven that you’re able to pay off loans on time and in full. If you have a poor rating, it means that you have missed repayments, defaulted and perhaps even been declared bankrupt.

But this previous difficulty doesn’t make your need for a quick loan any less urgent and if you can’t find a lender willing to overlook that issue, then you can face mounting charges and further difficulty.

That’s where guaranteed payday loans come in.

What Are Guaranteed Payday Loans?

So what exactly are guaranteed payday loans

A payday loan is a loan designed to tide you over with a small amount of money over a short period. You’ll be borrowing a small lump sum with a very high APR but you’ll be paying it back quickly in order to minimize the total amount that this adds up to. This means you’ll be borrowing a few hundred dollars in many cases over a matter of weeks or months and will pay somewhere in the region of $15-$200 in fees. If you badly need the cash, then this is likely an amount you’ll be willing to pay and you’ll thereby be able to avoid getting into more trouble by missing repayments on other loans, by failing to make rent etc.

The word guaranteed meanwhile can mean more than one thing. In the context of loans, guaranteed often means that you are securing your loan using your property or potentially another asset. This way, you are agreeing to terms wherein failing to repay your loan can result in your home being seized by the lender and used to offset the remaining loan amount.

Generally though, payday loans do not require this type of guarantee as the amount is small enough that they can afford to take the risk – even if you have a bad credit score.

So instead, guaranteed payday loans simply mean that you are guaranteed approval for the loan. That means that no matter what your demographic, what your credit history, what your circumstances… you should be able to get the money you need.

Of course this is a massive relief for anyone who desperately needs funds and has been unable to get them – but it does also mean you often pay a slightly higher price. As always, be sure to shop around and check the best rates!

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
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Loan amount
£500 - £100,000
Loan term
1 - 18 Months
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Loantra is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative 305.9% APR. Representative example: £400 borrowed for 90 days.

Total amount repayable is £561.92 in 3 monthly instalments of £187.31.

Interest charged is £161.92, interest rate 161.9% (variable)

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

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.