Cash Loans Online From Cobra Loans

Loans from £100 to £5000 and deposited the same day

Apply Now!

100% Secure Online Application

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

Cobra Payday Loans Hero

Get Quick Cash

Online Cash Loans – Instant Decision & Same Day Funding

What Is an Online Cash Loan?

There are lots of loans that you can now apply for online. However, cash loans are a particular type of loan – they are quick to apply for, quick to payout, and are designed to cover short term expenses. This means that they can be a useful way to cope with emergency expenses.

Cash loans are typically a portion of your monthly income, so a relatively small amount is designed to help you make ends meet until you receive your next pay. They are most often used to help cover unanticipated bills or expenses, such as a broken-down car or home repairs – things that cannot wait until the next time you are paid.

We are an FCA authorised credit broker, who specialise in helping customers find short term finance. We do this by working closely with a small selection of regulated, FCA authorised lenders – to give you the peace of mind that you are working with a reputable, responsible company when it comes to your short term financial needs.

cobra payday loans is authorised by the FCA

What Are the Benefits of an Online Loan Compared to a Conventional Loan?

If you need a loan, you might be considering whether it is better to get a loan from a high street bank or building society or apply for an online cash loan. There are some important points to be aware of for each of these options, and there are a few advantages that online payday loans have over other forms of borrowing:

It Is Quick and Simple to Apply for an Online Loan From Cobra Payday Loans

If you are looking for cash loans online, one of the huge advantages is that you can apply in a matter of minutes. Unlike a traditional loan which might require you to visit your bank or building society, you can apply for a payday loan online via your smartphone or laptop. This means that it is speedy and convenient for you to make an application, saving you time and effort.

There is a second point worth noting with regards to speed. Online payday loans payout quickly. Once you have been accepted for an online loan, the money can often be sent the same day provided the lender, and your bank makes use of the faster payments service. We know that emergency expenses cannot wait.

Online cash loans for people with bad credit

Securing a loan through us is possible even if you have a bad credit score. A poor credit history might prevent you from taking out a secured personal loan. However, this is not as relevant in terms of payday loans. If you can provide proof of your income, it should be possible to find a suitable payday loan which can then help you to cover your emergency expenses. This means that finding an online cash loan with bad credit is still perfectly possible.

Online lenders take security seriously

Because online payday lenders are strictly regulated, reputable providers will look after your personal data securely. However, you can see in the news that lots of large companies like airlines, supermarkets and online ticket sales websites have all recently suffered from data breaches, meaning that their customers’ personal data was stolen and could potentially be accessed by criminals. We know that this is the last thing that you want to worry about, especially if you are dealing with a stressful financial situation at the moment. This means that we take data securely exceptionally seriously and take extensive measures to protect your personal information online.

Online cash loans that are easy to apply for

We make it as quick and easy as possible to apply for a loan. We understand that many people search for a cash loan to cope with some unexpected or unplanned costs. Dealing with a surprising bill can be extremely stressful, particularly if you face a vet’s bill or have to repair your car to travel to work. We do not want to add any more stress to this experience. That is why we make the application as simple and quick as we possibly can. The good news is that online payday loans do not have the same requirements like traditional loans, meaning that the application can be much more straightforward.

Affordable cash loans

Providers of short term loans haven’t always had the best reputation. Some companies exploited borrowers and placed unfair terms and charges on the loans in the early days of online lending. This has all changed. In the UK, the industry is now well regulated, and the Financial Conduct Authority (FCA) has placed a cap on the total amount of fees that an online lender can impose on a borrower. This move has made these loans more affordable. The regulations have also helped drive competition between different online lenders, meaning that the rates on offer are competitive, again helping UK borrowers find some of the cheapest online loans available.

Unsecured cash loans

Whereas loans from a conventional bank or building society might rely on you providing some form of security – also known as collateral, online payday loans are not secured in the same way. Security effectively means that you, as the borrower, contractually agree that if you do not pay the loan in time, the lender has the right to sell off a specific asset that you own to pay the cost. This sort of loan is typically secured over your property – whereas payday loans do not require you to sign this kind of agreement.

need a cash lifeline - we can help

Should I Take Out a Quick Online Loan Rather Than a Payroll Advance?

Some companies might be willing to offer a service called payroll advance to their employees. This means that they will advance you part of your salary. Effectively you are then in debt to them. This might be an appropriate option for some people – however, there will be many cases where a payday loan might be a more suitable option.

1. For as long as you are in debt to your employer, you will be constrained to stay in employment with them. This means that you will not have the freedom to move jobs. In addition, if you are subject to disciplinary action or dismissal, you may also find yourself unexpectedly asked to repay the advance if you still owe them money.

2. Although some companies may be willing to provide this service for cases of financial hardship, you should carefully consider who within the company would be aware that you had made use of this service. Your employer, or your management chain, might regard it as a financially irresponsible move. This may impact your career progression, whereas they would not be aware should you take out a payday loan online.

How Do I Apply For a Loan?

We like to keep the process as simple as possible and take all the hard work to find the best rates. Put – we do the hard work for you! Start with our simple application form, the entire process is completed in these five simple steps.

Step One: Complete the online application form

You will be asked to fill in an online application with some of your personal information. This is quick and easy. You will need to provide your name, address, bank account details, and basic details about your income. You must be a UK resident, and you will also need to be over 18 to qualify for an online payday loan. The loan will need to be paid into a UK bank account once your application is approved.

Step Two: Validation

This is a quick, automated process that checks the accuracy of the information that you have provided. This means that it is important to check the information as you fill it in carefully – simple mistakes in your address or phone number can slow down your progress. If all the information is successfully validated, then your application will progress to the next stage.

Step Three: Processing

As an FCA authorised credit broker, our role is to match your application with the absolute best lender to meet your needs. This takes the hard work out of the process for you – we do all the background work for you. Part of this involves working through your application and putting it into the format that different lenders require. Effectively this saves your putting your data repeatedly on different lenders’ websites.

Step Four: Posting

Once we have put your information into the format that different lenders require, we send it to suitable lenders that meet the criteria that you need. We work with only the most reputable online payday lenders in the UK. This means that we can quickly match you with the best lenders for your needs. You can expect a swift decision, as a lot of the process is automated.

Step five: Approval of Your Loan

Your successful application will then generate a loan agreement. At this stage, you might be asked to provide any additional details that you did not include in the initial application. Once you read and agree to the loan terms and conditions – your online loan application is complete.

It is important to make sure that you read the terms and conditions properly before you sign them, to make sure that you understand how much you will be asked to repay and when.


What Our Customers Say About Us

How Are Online Loans Regulated in the UK? How Can I Be Sure I Am Picking a Reputable Broker?

In the UK, the Financial Conduct Authority governs how online loans are processed. Therefore, when searching for a credit broker, you must choose an FCA authorised credit broker who can direct your application through FCA authorised lenders.

It would be best to choose an FCA authorised broker because it is effectively a mark that they are legitimate and held to certain professional standards. You can look up all UK credit brokers and direct lenders through the FCA register

When they first came into existence, there was a lack of regulation around payday loans. However, in 2014 the FCA took significant steps to change how lenders could promote and issue these loans. They also made amendments to the repayment terms and the charges that could be issued to borrowers. One of the most important aspects of this is that online payday loan providers are now clearly regulated, which means they must provide full cost disclosure. This means that when you apply for a loan through an FCA authorised broker like our company – you will be given all the details upfront, including a clear figure of how much the total cost (or amount repayable) will be. This can help you plan your finances better and is designed to ensure that you do not find yourself with an unexpected debt that can quickly get out of control.

The industry has grown and changed a lot in the last few years. FCA authorised brokers and lenders will work with you to find a suitable loan. There is no desire to see you, as the borrower, be put in an uncomfortable financial position – so we are always clear upfront with what interest rates and charges there will be on your loan.

We will never deliberately use misleading language, and we will follow all the FCA guidance on interest charges. This includes a daily interest charge cap of 0.8% and an overall cost cap of 100%, and a maximum default fee of £15.

If I’m Unhappy With the Service Provided by a Lender, Can I Complain?

All reputable lenders will have a dispute resolution mechanism in place. You should be able to find this quickly and easily through their website. The terms and conditions documents associated with your loan should also direct you to the process to follow if you wish to make a complaint. You can find our dispute resolution section here.

All licensed credit brokers who operate in the UK are governed by the Financial Ombudsman Services (FOS) when they deal with customer complaints. Some complaints can be dealt with quickly and easily, and it is in the interest of a responsible provider to try and resolve any issues as efficiently as possible. However, if a customer complaint is not addressed immediately, credit brokers must inform the customer in writing within five days and launch an investigation into the complaint. When their investigation is concluded, the company will send a final written response to the borrower, which should also be sent to the FOS. If you, as the customer, are not satisfied with the way the company has responded to your complaint, you have the right to raise this directly with the FOS within six months. The FOS will then examine your claim, and if they consider that your complaint is justified, they can help seek an appropriate resolution from the company. They may deal with all manner of complaints, ranging from unfair charges or fees or a company that delays the disbursement of a loan.

Managing Your Money Responsibly

Quick cash loans are not a solution if you are routinely unable to meet your financial commitments. The primary purpose of these loans is to cover an emergency expenditure – such as unexpected bills or to repair your car if it is out of action. If you cannot meet obligations on your mortgage, rent, utilities or other ongoing costs regularly, this type of finance is unlikely to be an appropriate solution for your situation.

if you are struggling with your finances there are many organisations you can talk to

If you find yourself becoming dependent on taking out payday loans every month, or unable to pay off loans that you have committed to, then you should seek independent financial advice. Independent advisers will be able to provide you with confidential guidance on managing debt, repaying loans, and how best to manage your income to meet your financial commitments.

There are several organisations that can help provide free financial advice, including and