Redwallet Payday Loans - Short Term Lenders

Borrow up to £2500* if approved the money could be in your account today... Just apply online!
Welcome...

How much would you like to borrow?

Representative Example:
Borrow £300 for 90 days. Total repayment of £454.23, Interest of £154.23 Annual interest 292% (variable), Representative 1272% APR** 80p per day for each £100

We don’t charge set up fees or faster payment fees"

Select Loan Amount
Select Pay Date
  • Specific Day
  • Four Weekly
  • First Working Day
  • Last Working Day
Select Loan Term
If you don’t repay on time you may incur extra costs:
Default Interest

Maximum of 0.8% per day on the outstanding principal if your loan is still in arrears at the contractual end date subject to the application of the rate cap.

Missed payment fee
Maximum of £15 for any oustanding balance subject to UK regulation

For more information on the default fees and policy terms please consult your approved loan agreement

  • Quick Decision
  • Fast Paperless Application
  • Regulated Direct Lenders
  • UK based help and support
  • Must be over 18
  • Must be a UK resident
  • Must have a valid UK bank account and valid debit card
  • Must be employed

Regulated lenders and credit providers • No hidden extras • Safe, secure

Information about Redwallet Payday Loans...

Why choose Red Wallet for your payday loan?

If you are looking for a short term payday loan, you need to know that any lenders you apply with are secure and honest. Whilst we may not be a payday loans direct lender, we are a UK licensed broker working with the best payday loans direct lenders in the market-place to find the perfect short term loan for you.

Instalment loans from regulated direct lenders

We only work with accredited responsible lenders regulated by the Financial Conduct Authority to ensure that you are secure and safe in the knowledge that your payday loan application is being handled professionally. Installment loans are similar to payday loans but the repayment term is spread over a longer period.

Quick decision for your application

At Redwallet we want to make the process of applying for a payday loan as easy as possible. Complete the online form and receive a quick decision from our trusted direct lenders. No need for lengthy calls or endless paperwork. And, if your application is approved, you could receive an instant payday loan decision with your funds being deposited into your account within 10 minutes.

Fast, paperless loan application

Don’t worry about postage. Our secure online forms are easy to use and may help you get the cash you need instantly.

Privacy and security

Data we receive from you during your loan application is scrambled using secure industry standard encryption technology which makes the transmission of data very hard to intercept.

UK Based Support

With our support centres, based in the UK, you can be sure that you can get the payday loan support you need as quickly as possible.

More Choice Means More Control

We understand that choosing a short term loan shouldn’t be snap decision. Through our optimised online slider options and our choice of carefully selected direct lenders, the offers available to you for a payday loan or short term loan may be the best solution available with the rates and flexibility you need.

Complete Transparency

We understand that people who apply for instant loans are often simply in need of a quick boost. Our policy is complete transparency in what we do, this means that we won’t add in extra payments or fees in the small print. With Red Wallet, what you see is the best payday loan you can get by applying with us.

Payday loans for bad credit

Payday loans are a quick financial boost. Payday loans are not advised for customers with bad credit rating or if you are already in financial difficulty. If you are using payday loans to solve a long term financial problem, you should seek advice from Debt Management Councillors.

Customer Satisfaction

We strive to ensure that anyone who comes to us for a payday loan gets exactly what they need in an affordable and manageable way. Read some of the testimonials from a few of our satisfied customers

blog ...

  • Payday loans from responsible payday lenders (13 May 2016, 09:01 AM)

    If you're a solvent, responsible person who keeps a Read More

  • Payday loan providers clean up their industry (19 Apr 2016, 12:36 PM)

    Although it’s had a bit of bad press in the past, ... Read More

  • Credit unions could be the future, says FCA (8 Apr 2016, 02:51 PM)

    Credit unions can help to lead us into a new future ... Read More

  • ‘Challengers’ issue interest rate challenge (24 Mar 2016, 09:39 AM)

    You may or may not have heard of ‘challenger ... Read More

  • How Redwallet Works...

    At Redwallet we want to make the process of applying for a loan as easy as possible. Complete the online form and receive a quick decision. No need for lengthy calls or endless paperwork.

    You can decide how much you want to apply for by using our slider function; this gives you a guide to the amount you will have to repay. When you are happy to proceed, hit the apply now button. All loans are subject to status and an affordability assessment.

    At this point we ask you to fill in the application form - we never take an upfront fee!!. Your application will then be considered by a trusted third party. If accepted you will then leave our website and deal with them directly, if you do not require this service we recommend you do not apply.

    It is important however that you keep up with the repayments. We want to keep your wallet out of the red. If you are likely to experience any issues with repayment it is important to contact your lender as soon as possible.

    Each lender may have different collection schedules, so make sure you are aware when payments are going to be collected and ensure you have sufficient funds in your account. Fees for late payment or missed collections may be incurred and charges may continue to be added to your account if you default, so it is important to read carefully the terms and conditions of the lender you use.

    It is in both the lenders interest and yours that the loan is repaid. Your lender will make every effort to contact you and talk through the issues, with the aim of helping you resolve your situation.

    NOTE: Your debt could be transferred to our Debt collectors if a resolution cannot be met

    Your lender will report your arrears to Credit Reference Agencies and this may affect your credit worthiness so it is important to work with them to resolve any issues in a timely fashion.

    It is important that you assess your ability to repay the loan on the agreed date. If you feel this is not going to be possible we advise you to not take out the loan. As a responsible payday loan broker we feel it is important you go into the process with your eyes wide open.

*If we need to check more details with you, we will communicate our progress via email and
attempt to contact you during working hours. All loans are subject to creditworthiness and affordability.

**APR you pay may differ depending on the lender that accepts you.
If your bank does not support Faster Payments then funds may take up to 3 days to reach your account
We are a UK licensed broker working with the best direct lenders in the market place to find you a short term payday loan. Our FREE quoting service compares more than 40 lenders quickly, not all lenders offer loans of £2500.

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