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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).

9 Reasons To Use Cobra Loans

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

Super quick cash when you need it most!*

Get quick cash without the hassle with same day payout**

No Hassle Loans

Representative Example

Credit amount£250

Length of loan30 Days

Total payment£310.00

(Interest charged is £60)
Annual interest 292% (fixed) Representative 669.35% APR

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100% Secure Online Application


Lauren’s car broke down and she didn’t have money to pay for repairs. She couldn’t wait 3 weeks to get paid so applied for a short term loan through the Cobra Loans website. She got her cash straight away from a lender.


Applying through Cobra, Micheal got the quick cash he needed. He applied online, was accepted by a lender in minutes and got the cash into his bank.


An application to Cobra Loans, a lender was found for Leanne in 39 seconds. She needed the money for debt consolidation and got the money fast.

Fast Same Day Loans – Apply Today!*

Cobra Payday Loans is the ultimate online resource for those looking for simple, accessible short term borrowing solutions. The huge selection of direct lenders available from Cobra Payday Loans has given us the tools to help potential borrowers from a wide range of financial circumstances, including those who may have been turned down elsewhere.

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.

And the best part? We’ll do all the leg work of comparing payday loans for you, completely free of charge, so you can focus on resolving whatever crisis life has thrown your way!

Let’s take a closer look at how Cobra Payday Loans works, and how we can help you to get the very best deal on your next payday loan, today.

How Can Payday Loans Help Me?

Over the past 20 years, the short term lending industry has experienced a meteoric rise from a few specialist lenders to becoming one of the most common forms of borrowing in the world today.

Unlike debt consolidation loans or a mortgage, which are tied to a particular use, payday loans can be used for almost any financial emergency including, but not limited to:

A burst water pipe at home

A broken-down vehicle

Unexpected utility bills

New clothes or uniform

Private medical bills

Home improvements and decorating

Temporary travel & accommodation costs

Nursery/school fees

Alternatively, we all know how stressful life can be when the bank account is nearing zero and having a safety net that can provide quick cash in an emergency can take away a lot of those stresses and anxieties.

Payday Loans Tailored to You

In the past, if you wanted a same day loan you would often need to take on credit for a minimum period of 3 months in some circumstances. That’s all well and good if you want to delay repaying your loan, but ultimately, the longer your loan runs for, the more you’ll be charged in interest by the lender.

With Cobra Loans, we’ll give you access to lenders who can offer finance for as little as just a month, helping to drive down the interest costs and ensure that you aren’t needlessly over-borrowing.

Better still is that most modern lenders will now waive any early repayment fees and can even wipe out interest on the days you haven’t used, giving you even more incentive to get your balance settled as quickly as possible.

Can’t afford to repay your loan in full on payday? No problem! The flexible, tailored nature of some of the loans available through Cobra Loans means that our lenders can create a bespoke repayment plan that meets your financial circumstances. Loans are available from £100 – £5,000 and can be taken up to a maximum term of 36 months. Of course, the quicker you repay your loan, the less interest you will pay, however, by stretching out your repayments over a longer period, this can make a huge difference to your monthly outgoings.

Applying for Payday Loans Online Has Never Been Easier!

It’s all well and good applying for loans in the event of an emergency, but they aren’t much use if they take weeks to be approved or are unable to accept you after a long-winded application process.

Well, the great news is that those days are gone! By using a free payday loan matching service like Cobra Loans, you’ll be able to quickly and easily be matched with payday loan lenders in minutes.

Check out the UK’s most competitive loans with our easy to use service straight to your laptop, phone or tablet.

Simply tell us a little more about yourself and the type of loan you’d like to apply for. We’ll use this information to search lenders from across the UK on your behalf.

Once you’re matched with a lender, just complete the final steps of your application and sign your agreement, and funds could be in your bank account on the very same day that you apply.

What Short Term Loans Are Available?

When people think of traditional loans, they might consider a mortgage for a house purchase or a large cash sum for wide-scale home improvements or a new car purchase.

That’s all well and good, but if you only need a few hundred pounds to see you through until the end of the month, then a long term loan with years of repayments may not be the ideal solution for you.

Instead, short term and payday loans are there to support your monthly spending, giving you that little bit of priceless flexibility and wriggle room when money gets tight. When you consider that more than a quarter of British working adults have less than £100 in savings, it’s easy to see why payday loans can be such a useful resource.

The payday loans available from Cobra Loans are each tailored to your own personal circumstances. It’s completely down to you if you’d like to proceed with any loan offer you may receive.

Why Use Cobra Loans?

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

Lightning-fast payments | Need cash quick? Many of the lenders used by Cobra Loans can transfer funds directly to your bank account on the very same day that you’re accepted. If you need funds today it’s 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 website, Cobra Loans offers a completely free, no-hassle service, and we will never call you to discuss your loan over the phone. All of our communications are carried out by email, allowing you to easily track and store all information about your application or loan.

Free service | No matter what loan and lender you borrow from, Cobra 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, Cobra Loans is 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’s no such thing as being too security conscious. As with our entire panel of direct lenders, Cobra Loans is fully regulated and authorised by the Financial Conduct Authority, giving you the peace of mind that you’ll always be dealing with professional, regulated lenders. All of your personal information will be securely stored and protected in line with GDPR.

Quick Payday Loans With No Credit Check

Responsible lending is a huge buzz phrase in the loans market and so it should be. Credit should be a way to help better your financial situation, not worsen it, which is why no credit check loans are not available in the UK. Always be wary of websites 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’s 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’ve had issues with credit in the past then the great news is that all is not lost! Cobra Loans has invested heavily into attracting a wide range of direct lenders offering bad credit loans who can cater to almost any financial background.

What’s more is that we’ll never contact your employer under any circumstances, 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 is a good thing – surely that shows lenders you’re financially savvy? Wrong! Those with no credit history are treated in a very similar way to those with bad credit. Lenders need evidence that you are able to 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’ll see your score shoot up in no time.

How Is the Interest on Payday Loans Calculated?

You’ve probably seen plenty in the media about some of the higher interest rates that are commonly associated with payday loans and short term loans.

The interest rates offered will depend on a number of factors, including:

The rates offered by the lender

Your creditworthiness

The amount of credit taken

The length of the repayment period

Some lenders will also offer reduced interest rates to repeat customers once they can see that you’re able to responsibly manage and repay credit.

Whilst payday loan interest rates can look rather daunting, the reality is that due to the relatively low amount of credit on offer and the short term nature of the repayments, the actual amount repaid is very small.

For example, if you were to borrow £500 for 1 month at an annual interest rate of 49.9%, you would only repay an additional £20.79 on top of the amount borrowed.

This is a great example of why short term loans should be used for life’s little emergencies rather than as a solution to larger, longer-term financial issues.

Once you’ve applied for your loan and the application has been accepted, you’ll be sent a full breakdown of all the key facts via your credit agreement.

It’s so important to keep this credit agreement tucked away somewhere safe as this will detail exactly how much your repayments will be when the repayments are due, how much interest you’ll pay, and the responsibilities held by both you and your lender.

Are Payday Loans Available for the Self-employed?

Yes! Just because you pay yourself rather than being paid by someone else doesn’t mean that you aren’t able to access short term borrowing when you need it. In fact, we find that self-employed people can often benefit hugely from the fast, short term nature of these loans whilst waiting for invoices to be paid or rebates to be settled.

They work in exactly the same way as payday loans for employed people, except that you’ll list yourself or your own limited business as the employer. You may be asked to provide evidence of earnings to some lenders to support your application, however, this will only help to ensure you’re offered the most suitable and competitive loan for your needs.

If you don’t happen to be in work at the moment but are in receipt of benefits then you may well also be entitled to short term lending.

Ultimately, the lender wants to make sure that you are able to comfortably afford your repayments, and that lending you the money won’t worsen your financial situation. Therefore if you have a regular income through benefits and have a credit file that shows a history of managing credit, there’s no reason why you won’t be able to get exactly the same loans as those in full-time employment.

Supporting You Through Financial Difficulties

Cobra 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’re unable to repay your loan then the first step is to not panic and simply contact your lender. You wouldn’t be the first person and certainly won’t 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’s 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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