Get a Loan Today With Cobra Payday Loans

Borrow up to £5000* for almost any purpose!

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed).Representative 669.35% APR (variable).

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

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From £100 to £5000

Cobra Payday Loans provides help for your short term financial needs. By using our service, it is possible to secure your online loan in just a matter of minutes, safe in the knowledge that our loan processing system is not only quick and efficient but also that your application will be seen by more direct lenders to improve your chance of success.

Because of this we have high acceptance rates on all loan applications. Borrow from £100 – £5,000 in minutes with convenient, affordable repayments that give you the financial flexibility you need.

We work with the UK’s most reputable mainstream and independent lenders, giving you lightning-fast access to some of the most competitive short term loans to be found anywhere in the country.

Why use Us?

12 Great Reasons to Use Cobra Payday Loans

No matter what the reason, if you are looking for a loan we can help.

Borrow between £100-£5000*

Cash deposited quickly**

No up front fees

100% online application

Open 365 days a year

Even Bank Holidays

We won't phone you

Borrow for almost any reason

Quick decision

UK based service

Secure 256 bit encryption

Easy application form


What Our Customers Say About Us

How can Cobra Payday Loans Help

How Can Cobra Payday Loans Help Me?

Cobra Payday Loans works with an exclusive panel of lenders, each of which is authorised and regulated by the FCA (Financial Conduct Authority). When you apply, it will be considered by multiple loan providers, increasing your chances of getting an offer of a loan.

Our service is completely free to use, we will never charge you fees. Once you receive a loan offer, there is no obligation to proceed. We try to match you with a lender who is firstly willing to lend to you and at the best APR possible, all loans are based on your personal circumstances.

We have made applying as quick and convenient as possible with one simple form to fill out, the entire process is competed 100% online.

Why use Cobra Payday Loans

Reasons to apply with

Our aim at Cobra Payday Loans is to bring together the very best features from the short term loans market to help our customers access cash quickly.

  • No fees
  • Easy to use application form
  • Secure online processing using 256-bit encryption
  • Already processed over 1,000,000 loan applications since launching in 2014
  • Fully FCA authorised

Lightning-fast payments

Need cash quick? Many of the lenders on our panel can transfer funds directly to your bank account on the very same day that you are accepted, often within just 10 minutes. If you need funds today, it is important to check that same day payments are offered by your lender and can be received by your bank.

No hassle

As an online loan company, Cobra Payday Loans offers a completely free, no-hassle service, and we will never call you to discuss your loan over the phone. All our communications are carried out by email, allowing you to easily track and store all information about your application or loan.

100% Free service

No matter what loan and lender you borrow from, Cobra Payday Loans will never charge you a single penny for using our service. We are here to help introduce would-be borrowers to potential lenders, with the sole aim of helping our customers get back on their feet financially.

Complete confidentiality

Whether your application is accepted or not, the entire process will be treated with the utmost confidentiality. Whilst we take down information about your employer, this is solely used when matching you to suitable lenders. We will NEVER contact your employer or make them aware you have applied or are applying for a payday loan.

Available around the clock

Unlike banks and buildings societies, we are open for business 24 hours a day, 365 days a year, meaning you can access emergency cash anytime you need it.

Secure service

When it comes to your personal finances, there is no such thing as being too security conscious. As with our entire panel of direct lenders, we are fully regulated and authorised by the Financial Conduct Authority, giving you the peace of mind that you will always be dealing with professional, regulated lenders. All your personal information will be securely stored and protected in line with GDPR.

Treating Customer Fairly

Cobra Payday Loans Treats Customers Fairly

  • We will never charge fees, whether hidden, upfront, or otherwise. Our service is completely free to use!
  • Ensuring customers understand that payday loans are designed for short term use, not as a long term financial solution
  • All personal data is held securely and only for a limited time
  • We never share your details with anyone else for marketing

We are committed to our treating customers fairly policy which can be found here.

Bad Credit History?

Payday Loans with No Credit Check

We will not credit check anyone who applies for a loan, instead a ‘soft check’ is used to verify your details which does not show on your credit file. Only once you accept an offer of a loan will a hard credit check be performed by the lender.

Credit should be a way to help better your financial situation, not worsen it, which is why a lender must perform a full credit check when you accept a loan. Always be wary of lenders stating they can provide loans with no credit check as they are almost certainly not FCA authorised. All lenders must perform some sort of credit check to establish your credit worthiness, it is the law. The lenders that we use are no different and will credit check each application for a loan.

Credit checks give lenders the opportunity to get a quick snapshot of an applicant's borrowing history offering an insight into how well they have managed credit in the past. Typically, records stretch back six years and things like CCJs and defaults may have an impact on the amount you can initially borrow.

However, if you have had issues with credit in the past, then the great news is that all is not lost! Cobra Payday Loans has invested heavily into attracting a wide range of direct lenders offering bad credit loans who can cater to almost any financial background through payday loans bad credit.

What's more, we will never contact your employer, giving you the peace of mind of knowing that your application, whether successful or not, will remain confidential every step of the way.

One of the most common misconceptions about credit is that not needing credit before and not having a credit history is a good thing – surely that shows lenders you are financially savvy? Wrong! Those with no credit history are treated in a similar way to those with bad credit. Lenders need evidence that you can manage and repay credit on time, which is why having no credit history can work against you.

Payday loans are a quick, hassle-free way to boost your credit score by taking on finance and repaying it on time. These quick repayments will be reported to credit scoring agencies and you will see your score shoot up in no time.


Frequently Asked Questions

  • Does a payday loan have to be paid back on my next payday?

    While you can still opt to repay your loan on your next payday, it is far more common these days to take them over a period of 3 months or more. Spreading the repayments over a slightly longer period has been a natural evolution in the payday loan market, making them much more affordable rather than having to pay a large lump sum out of your next pay packet.

    Ultimately, the decision on repayment terms is yours to make. If you want to borrow just a small amount, then repaying on your next payday may make sense, whereas a larger sum would be more manageable over a longer term.

  • Yes absolutely! Being self-employed shouldn't mean you can't access finance. Many of the lenders in our panel will consider those that are self-employed. As long as you have a provable income, it shouldn't be a problem.

  • Having no credit history at all can cause problems when it comes to securing any type of finance. Lenders usually like to see a history of repayments being made on time before making their lending decision.

    This is where we can help. We work with a panel of lenders, some of whom specialise in helping people with bad or non-existent credit histories. Apply quickly and easily through us, and we'll scour the market to find your perfect loan.

  • When you apply through Cobra Payday Loans, we try to make it as easy and stress-free as possible. As soon as you submit your application, we get to work trying to find you a suitable loan product. You'll receive an on-screen notification of the outcome of your application in as little as 20 seconds.

  • When you apply for a loan through our site, only a soft credit check will be performed, which is only visible to you and will have no impact on your credit score. If you are matched to a lender and decide to proceed with the loan, only then will a full hard credit check take place.

    As part of the stringent regulation of financial services in the UK, all lenders must ensure that a loan is affordable, both in your best interests and theirs. But if you are matched with a lender, you will know that you have met their eligibility criteria beforehand.

Help & Support

Supporting You Through Financial Difficulties

Cobra Payday Loans is here to help you access lenders who can provide you with the funds needed to tackle whatever short term emergencies life has thrown your way.

However, it's important to remember that payday loans are not suitable for borrowing your way out of debt in terms of either short term consolidation or long term borrowing. The interest rates associated with payday loans are designed with short term lending in mind, meaning that these loans can become expensive if they are mismanaged or rolled over into multiple repayments.

If you find that you are unable to repay your loan, then the first step is to not panic and simply contact your lender. You would not be the first person and certainly will not be the last to have issues with loan repayment.

In line with the Financial Conduct Authority's guidelines on Treating Customers Fairly, any lender is obligated to treat your circumstances with compassion and understanding. At the end of the day, it is in their best interests to help you get back on your feet so you can afford to complete your repayments.

They may be able to freeze interest or charges on your loan or offer a repayment holiday to give you some much-needed breathing space.

Whilst it goes without saying that any financial difficulties can be stressful, there has never been a wider range of services available to help you overcome these issues.

Money Advice Service (

The Money Advice Service is a government-founded, independent service. They offer free, unbiased help on how to manage your finances and make your cash go further. All information is available either over the phone or face to face.

StepChange (

StepChange is the UK's largest debt advice service and has helped more than half a million people to deal with their financial problems last year alone. Their website offers access to fully trained debt advisers along with a wealth of literature on debt and other financial commitments.

National Debt Line (

National Debt Line is the UK's leading debt advice charity. As an independent debt advisory service, they offer everything from online debt tools and web chats to budgeting advice and telephone-based debt help.

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Borrow from £100 to £5000