Here at Payday SOS, we believe that It's important to really consider whether you can pay back the loan you are about to apply for before making your application. You need to be sure that you can repay the loan when you have agreed to so that you don't get into financial difficulty.

Payday SOS loans come with a fixed flat rate fee with no additional costs associated. When you sign your agreement with your lender, we advise you to read the Terms and Conditions carefully.

It's your decision as to how much money you need to borrow for your cash emergency. You can choose amounts between £100 and £1,000. You should only apply for the amount that you actually need, rather than taking out any extra 'just in case' because whatever amount you take out, must be paid back on your next payday. Here s a repayment table which demonstrates how much a cash advance from Payday SOS is likely to cost you.

Please see the table below for details of our charges for a 28 day loan repayable in one single repayment.

Loan Amount Interest Total Repayment
£100 £22.40 £122.40
£250 £56.00 £306.00
£500 £112 £372
£750 £168.00 £918.00
*Calculation based on a 28 day loan

Reasons for a loan

Easy 3 step process

Avoid pesky overdraft fees from the bank

It's YOUR money when YOU need it

Confidential and 100% secure

Pay off bills before they pile up

Representative 1294.1% (fixed) APR

Often times the time between the person’s application and next payday may differ from person to person. The APR will be calculated depending on the total timeframe of the loan and will be provided by the lender prior to finalizing the loan agreement.

Why does the APR seem so high?

By law, the entire finance industry within the UK is required to provide interest rates using a calculated Annual Percentage Rate, which is typically referred to by its acronym, APR. This allows consumers to better understand the comparisons between loans. APRs however, are specifically designed for loans that are taken over a 12 month period or more and often times do not tend to take non-interest related fees and charges into consideration.