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

Clever Loans will never telephone you and will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.

Payday loans alternative - Borrow over 3 to 36 months

Get a quote in 2 minutes, then decide if you want the loan. If you are unsure if you will be accepted, try our QuickCheck

Loan amount £1000
Over how many months?
79.5% APR Representative

Please keep this box ticked and you could have your loan sent within minutes**


Try QuickCheck to find out your chances of being accepted - 100% no credit footprint!

Try QuickCheck to find out your chances of
being accepted with no impact on your credit footprint!

Digitonomy Limited (trading as Clever-Loans) is a credit broker not a lender. All Applications Subject to affordability, UK residents only

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

Our Happy Customers

What Is a Payday Loan?

CleverLoans® is a leading online loans broker. Operating as part of the Digitonomy Group, with over 120 years of combined experience in Comparison Sites and Financial Services, we offer no-obligation quotes from the most competitive and reputable direct lenders, with a range of loan options that offer a viable alternative to payday loans. There are no fees for using our service.

Rather than relying on outdated decision-making models or the type of flawed ’best buy’ tables that many other sites use, we deliver our customers the certainty of being ’accepted’* through our online loans broker service, which searches up to 40 loan options.

Payday loans tend to be comparably small amounts of money, borrowed with the intention of paying them off during a relatively short period of time. Most notably, on your next payday. However, repayment periods could last anywhere between 1 to 12 months, based on individual circumstances.

Clever Loans provides access to a range of personal loan options, allowing you to apply for a loan between £100 and £5,000 with repayment periods between 3 and 36 months, depending how much is borrowed. This offers a more flexible range of choice than a payday loan, but a similar potential to have your loans sent to your bank within minutes** if approved.

Am I Eligible for A Payday Loan?

In order to be eligible for a payday loan, you must meet the following criteria:

  • Minimum 18 years of age
  • UK resident
  • Employed
  • Hold a valid UK bank account
  • Regular income – paid into your bank account
  • Legitimate email address and telephone number
  • Not currently in any form of individual voluntary arrangement (IVA), debt management, administration or bankruptcy

Please note: Clever-Loans does not offer payday loans, we act as an online loan broker and find you the best personal loan option for your requirements.

How Do Our Personal Loan Options Compare to Payday Loans?

At Clever Loans, our online application process for a personal loan is simple and straightforward. You can complete our application form using computer, mobile phone or tablet device, with clearly displayed terms for you to choose from in terms of the amount you want to borrow and the length of your repayment period.

While many payday loan lenders have been criticised for lack of transparency and the size of their APR levels, all of our loan choices are clearly displayed, with representative 79.5% APR and a quick decision on your eligibility.

During the application process, you will be required to provide some basic information regarding your Residential and Financial status. This may include details of your income, expenses, and employment. The lender will also require your bank account details in order to be able to transfer the funds into your bank account.

Clever Loans is authorised and regulated by the Financial Conduct Authority (FCA) which follows industry best practices. Additionally, we are GDPR compliant and your personal information is safely stored on our secure online system and never shared with third party providers.

What Happens Next?

Once you have completed your personal loan application, we will compare the available options and match you to the right lender for your needs. This lender will then carry out the relevant checks, and once accepted, your money could be transferred to your bank within minutes**

What Are the Fees Involved?

Clever Loans does not charge fees for using its comparison service to find the most suitable personal loan for you. These personal loan options are a suitable alternative to payday loans. Using our innovative technology we compare up to 40 loan options and find you the most suitable personal loan option with the information provided in our application process.

You should always keep in mind that while a personal loan option can be used for a time of unexpected or immediate expense, you should consider whether this type of loan is correct for your situation. If you notice financial commitments building and start to struggle to make monthly repayments, organisations such as Money Helper or Step Change could be of help.

How Much Can I Borrow?

If this is your first time considering a personal loan, first make sure that you meet the criteria to be eligible and that you have a regular income to afford the repayments. You can also use our on-site eligibility checker to see your likelihood of being accepted.

What Are My Repayment Options?

Our recommended direct lenders offer flexible repayment plans to suit your individual financial situation. Important factors to take into consideration when choosing a repayment plan are: the duration of the loan, the amount, and the number of repayment instalments.

Example Repayments

These are indicative quotes only

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative.

How Responsible are Our Loan Options?

Clever Loans is not a lender but is a fully regulated and authorised credit broker which introduces borrowers and lenders for the purposes of entering into personal unsecured loan agreements. CleverLoans® have a corporate social responsibility to only work with lenders who are fully regulated and authorized by the FCA.

Before lending to a customer, our lenders assess the customer’s:

  • Creditworthiness (inclusive of assessing affordability)
  • Financial Well-Being
  • Ability to make Repayments
  • Credit Reference
  • Credit History

Remember: While a personal loan can be a suitable solution to an unexpected short-term expense, anyone consider this option should think about whether it is the right option for them.

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender.