Pay Penguin flexible short term loans

You can apply for a loan 24 hours a day 7 days a week. Most lenders work 7 days a week and can even deposit funds into your bank account on the weekend.

Yes, most of our lenders will work with people who don't have perfect credit. Most of our customers are people who can't get regular loans from a bank. The lenders we deal with tend to have higher APR than the general mainstream banks, however when you take a loan you can't be charged more than 0.8% per day in line with the FCA rules, so the quicker you pay off your loan the less interest it will cost you.

If we are unable to find you a loan you should not be offended as this means that the lenders are acting responsibly and it may be that you need to take alternative steps to address your current financial situation.

If you are in any doubt as to whether a loan is suitable for you, you should contact the Citizens Advice Bureau or Money Helper - free, impartial advice services which can help and support you.

Pay Penguin is a broker and not a lender. We introduce you to one of our lender or broker partners to see if they are able to provide you with a loan. If you are matched successfully with one of our panel then you will be able to enter into a borrowing agreement with that specific lender/broker. Please be sure to consider all of the information provided to you by any lender or broker before deciding to take out a loan. In particular you should read the lender's website and loan documents to help you decide whether the loan is appropriate for your circumstances.

Most of our customers are people who can't get regular loans from a bank. The lenders we deal with tend to have higher APR than the general mainstream banks, however when you take a loan you can't be charged more than 0.8% per day in line with the FCA rules, so the quicker you pay off your loan the less interest it will cost you.

Since short-term loans are usually paid back in a shorter amount of time, the APR is not the best way to compare our rates to those of other lenders. The sum amount you pay back is more important to our lenders than the APR. APRs for longer term loans tend to be cheaper because the loan payments are spread out over a longer period of time.

We don't work with every UK lender, so you might find a cheaper loan somewhere else.

Please try not to panic. Lenders are equipped to deal with these situations. If you think you are going to have a problem with your repayments you should contact your lender as soon as possible. The sooner they know there's a problem, the sooner they can start to help.

If you're worried about things and want more help and information, there are a number of free and independent organisations which can help.

• stepchange.org provides free advice on debt problems and finding the best solution for you.
• moneyhelper.org.uk offers free, unbiased and independent advice to people who want to manage their money more effectively. Face to face sessions available.
• nationaldebtline.org is a free, confidential debt advice service that is run by the Money Advice Trust.
• citizensadvice.org.uk is a free service that will give you information to help you figure out what to do next, no matter what your problem is.

If you need help finding your lenders contact details please contact us.

We are a free online credit brokerage. We DO NOT charge our customers a fee for this service. No one from Pay Penguin or any financial partner relations; including lenders; will ever contact you and request you to send money to them or buy products from them in advance of receiving your loan.

To learn more about dealing with cold-calls, refer back to our fraud protection guidance.

Our service is entirely online so we can provide support via email.

If you have questions regarding an existing loan we recommend contacting your lender directly.