1 Month Loan - 30 Day Loans from £50 to £5,000

If you need a loan to cover short term financial obligations, why not consider a one month loan? When you apply for 1 month loans through ThisLender, we'll quickly search our panel of lenders and provide you with an instant online decision.



Representative 49.9% APR

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.

We are a credit broker, not a lender

Payday has come and gone, and you’ve already received a low bank balance alert; what are your options? If you aren’t in the position to borrow from close friends and family, you could consider taking out a 1 month loan.

These short term loans are designed to help you plug that gap between paydays, so there’s no need to panic when you run out of cash. You might have run out of cash because you had to pay an unexpected bill, or there was an emergency you couldn’t have foreseen. Whatever the reason, a one month loan is here to support you when you need it most.

Being low on the funds you need is a position no one likes being in, but remember, it’s only ever temporary. There are always solutions to help bridge periods of low cash flow - and our one month loans are a popular way to do it.

But be warned, 1 month loans can be pricey. Learn more about a 1 month loan below.

Apply for a 1 month loan

What is a 1 month loan?

A 1 month loan, also known as a payday loan, is a short term cash solution that is usually repaid within one month - either within 30 days or four weeks. As these types of loans are extremely convenient and quick to get hold of, they’re pretty expensive, too.

Can I get a loan for 1 month?

Yes, if you meet the below direct lender criteria, then you could qualify for a 1 month payday loan:

  • You’re over 18
  • You’re a UK resident with a permanent address
  • You’re employed and have a regular income
  • Have a UK bank account with a debit card
  • Your wages are paid into your UK bank account
  • You are NOT currently bankrupt

Can I get a 30 day loan if I have bad credit?

Yes, you can. There are many specialist 1 month loan (30 day) payday lenders in the UK who consider people who have a bad credit history. Having said that, they will still lend responsibly, and every lender’s criteria differs.

One month loans for bad credit are becoming more and more popular as they enable people with an adverse credit history to access emergency funding. However, lenders offering 1 month bad credit loans will have more restrictions in place for bad credit borrowers.

When you apply for bad credit 30 day loans, you should be aware that you may face higher interest rates, or be asked to provide a guarantor for the loan. The guarantor will co-sign your 1 month loan contract, and agree to take on your repayments if you fail to meet the payment dates.

Are 1 month loans available with no credit checks?

No, every lender will perform a credit check. But even if you do have bad credit, it doesn’t mean they won’t lend you money. As mentioned, you could still be eligible for a one month loan with bad credit.

Every UK lender is required to lend to customers responsibly; they will credit check you and make sure you can afford the loan by ensuring you have a regular income and a stable financial situation.

If you come across a direct lender online offering one month loans with no credit checks - steer clear! When borrowing money, you should ensure you do your due diligence to make sure you are lending from a trusted, Financial Conduct Authority (FCA) approved lender.

How much can I borrow over 1 month?

Here at ThisLender, we offer loans from £50 to £5000. However, the amount you will receive will be based on what you can afford and your financial circumstances. You should never lend more than you need. The more you borrow, the more interest you’ll pay back.

Although you could borrow up to £5,000, please be aware that the lender may only approve you for a smaller amount than you originally applied for. They do so to ensure you are not taking on more than you can realistically afford to pay back.

Once your application is processed and approved, you’ll could see funds in your account within 10 minutes².

How much does a 1 month loan cost?

The cost of a 1 month loan will vary depending on the lender. But the Financial Conduct Authority (FCA) implemented price cap rules for the payday loan industry. Now, no borrower will ever pay back more than double the loan amount.

The FCA states, “for all high-cost short-term credit loans, interest and fees must not exceed 0.8% per day of the amount borrowed.”

Although there is a cap on interest rates and fees, a payday loan is still a costly loan option. You should only apply for a 1 month loan if you have absolutely no other financial options available to you.

When calculating whether or not you can afford a one month loan, be sure to include any additional fees and charges. You need to take into account the additional interest per month, alongside any lender setup or early repayment fees.

Apply for a 1 month loan

Can I repay the loan after 1 month or on my next payday?

Yes, these loans are designed to be repaid within a month (30 days) after taking out the loan. You can repay on your next payday, or some loan lenders will allow you to repay early. Be careful to check whether or not your lender charges early repayment fees as this can increase the total amount you are required to repay.

Don’t forget that defaulting on your monthly repayments can severely affect your credit score - meaning you’ll find it difficult to secure a loan in the future.

If you’re struggling to manage your debt, talk to Money Helper (formerly the Money Advice Service). They offer free, impartial money advice.

Should I get a 1 month loan from a direct lender?

When you apply for a personal loan online, you have two choices. You could borrow through a direct lender, or go through a broker - like us!

At ThisLender, we work with a panel of 1 month loan direct lenders. The process works similarly to if you were to apply directly with a lender, the only difference is that you make your online application through our website, and we put you in touch with suitable one month loan lenders directly.

How to apply for a 1 month loan:

As mentioned, you can apply with a direct lender, or use a credit broker like ThisLender to match you to a suitable lender, authorised and regulated by the Financial Conduct Authority. All you need to do is complete the online application form, and we’ll search a suitable lender for you - no leg work required on your part.

To get started, all we need to know is how much you’d like to borrow, how long you’d like it for and the reason for your loan. Your reason might include debt consolidation, car loans or home improvements.

Although we ask for your reason for borrowing money, there are no restrictions on how you spend the loan. You should only ever take out a 1 month loan for financial emergencies, but you don’t have to worry about being limited by lots of red tape.

Then, you can relax as we do all the hard work. Ready to get started? Apply now.

What are the benefits of 1 month loans?

Applying for one month loans can be a great solution to financial emergencies, when you have nowhere else to turn. This loan product offers a number of benefits, including:

  • Fast access to the cash you need: All being well with your application, some of the lenders that we work with may be able to deposit money into your account within 10 mintues² after approval. This means that you don’t have to hang around waiting for the money to come through in emergencies.
  • No spending restrictions: The loan is yours to do with as you see fit. There aren’t any restrictions on how you choose to spend the money, provided you don’t use it for anything illegal.
  • Can be used to improve credit score: If you’ve suffered bad credit in the past, a one month loan can help you get back on track and prove yourself as a reliable borrower. However, this only works if you are able to successfully upkeep repayments.
  • Trusted UK lenders: These days, all direct lenders offering 30 day loans must be authorised and registered by the Financial Conduct Authority. To ensure you’re borrowing from a trustworthy lender, check the Financial Services Register.

Are there any risks when you take out a 1 month loan?

Yes, all loan products come with associated risks that you should seriously consider before applying. Knowledge is power - and by understanding the things that could go wrong, you will be in a better position to borrow responsibly. The risks of one month loans include:

  • High interest rates: As mentioned, 1 month loans come with high interest rates because they are taken out over the short term. You must factor in these interest rates when calculating your total spend, so there are no nasty surprises along the way.
  • Potential to damage credit score: If you fail to meet your repayments on time, your credit file will be tainted with black marks. Remember that your credit history follows you for life, and you will have to then work twice as hard to rebuild your damaged score.
  • Additional fees and charges: It’s vital to shop around for the best one month loan deal before making your decision. Some lenders charge additional fees, and you could end up repaying more overall. Always read lender terms carefully. At ThisLender we work hard to ensure each of our customers gets a suitable loan offer for their situation.
  • Brief repayment periods: These short term loans don’t give you a very long time to repay the money. To avoid defaulting on the loan you must be absolutely certain you will be able to make immediate repayments.

Why choose ThisLender for a one month loan?

At ThisLender, we have built our reputation as a trusted UK loan broker. There are a number of advantages to applying through our website, including:

  • Authorised & Regulated by the Financial Conduct Authority : All the lenders that we work with have been approved by the FCA. This means that they are held to the highest standard of lending, and you are in safe hands.
  • Access to a panel of lenders: We search our panel of lenders to bring you a suitable loan offer. There’s no need to spend hours trawling the internet, we do the hard work for you.
  • Free, online applications: It takes just 5 minutes to complete our easy online application. The best part? It’s 100% free to apply and it always will be. All the quotes you receive are no-obligation, which means you can change your mind at any time.

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.

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Access from £50 to £5000

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Representative 49.9% APR

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.

We are a credit broker, not a lender.

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