WageDayAdvance offers a brokerage service that connects users with same day loan options from £100 to £5,000. They accept applicants with bad credit and promise a quick, secure online application process that aims to deliver decisions instantly. With rates ranging from 48.1% APR to as high as 1721% APR, loan terms are flexible, spanning one month up to 36 months. Representative example: if you borrow £1,000 over 18 months, your repayment is £89.22 per month, with a total repayable sum of £1,605.96 including interest. No paperwork or hidden fees, and all partner lenders are FCA regulated for added reassurance.

How to Apply: Step by Step

1. Select the loan amount and repayment term on their online form.
2. Complete a short application, which takes about two minutes online.
3. Receive an instant decision on screen.
4. If approved, review the loan offer, terms, and conditions.
5. Accept if happy – funds may be sent same day, depending on the lender.

Key Pros

One major plus is the flexibility: you can borrow anywhere from £100 to £5,000 and set a loan term that suits you, from a month up to three years. Their acceptance of applicants with bad credit greatly increases your chances of approval, even if your financial history isn’t perfect. Instant decisions and potential for same-day payout are also strong advantages for urgent borrowing needs.

The service operates totally online—fast, secure, and avoids the hassle of paperwork or in-person appointments. All partner lenders are FCA regulated, providing peace of mind for borrowers seeking a trustworthy provider.

Key Cons

Interest rates can be quite high, especially for those with poor credit. This can make loans expensive if not repaid quickly. Not all applicants will be offered the full range of amounts, nor guaranteed same-day payout; availability depends on the partner lender. Potential borrowers may face a higher total repayment due to fees and interest.

Verdict

WageDayAdvance is a reputable UK loan broker, particularly useful if you need quick access to cash and may not have a perfect credit score. The flexibility and transparency make it a solid choice for emergency funds, but borrowers should carefully check repayment terms and ensure they can meet obligations to avoid additional costs.