Different Money is the new name that has replaced MyMate. This rebrand took place in 2014 with MyMate itself only being launched in 2013 and so it was a surprise to see a change like this occur. I did think that they carried out a great job on the branding of the original company, but the newer offering is also catchy. The new product available at www.differentmoney.co.uk spans between 2 and 12 months. New and returning customers have instant access to the same available cash sums that starts at £150 and stretches as high as £2500. Different Money loans do however come with restrictions based on the amounts selected.

To provide an example, if £300 was selected then the limit would be 4 months and if £1000 was chosen then the repayment limit would stand at 9. As was the case with MyMate, the standard of www.differentmoney.co.uk has been crafted to a high standard with secure logins being equipped here. With pricing, for £300 over 3 months the cost would be £156.51. Over a year £1000 can’t be selected, but £2000 would cost £1849.84 (this would split as £924.92). Payouts are processed between Monday and Friday (8am to 8pm) and on Saturdays (9am to 1pm). There has been a change here since the previous Saturday time was 10am to 6pm.

The cost that we sampled above at £156.51 is an improvement compared to their past price at £172.41. If you may recall, there was a supporting guarantor option handed to those that failed their credit check. This option appears to have now been discontinued since it is no longer mentioned. The potential sum of £2500 has remained in place that I’m sure will help to attract new customers in. There is plenty of flexibility on offer and early settlements can be made. Whether this brand can emerge will have a lot to do with advertising where they will have to challenge big spending instalment lenders like Lending Stream and Satsuma Loans.

Update: Lender may be closing soon (more details to follow).

The Landa Loan instalment product at www.landaloan.co.uk was released back in 2012. Car Repair Finance Ltd who are based up in Scotland is the brand owner. They also trade at www.carrepairfinance.co.uk that was also composed in 2012. With the service in question, £100 to £500 is available over the selections of either 1, 2 or 3 months. On the payment calculator they head charges of £25 per £100 (30 days) and £225 per £300 over 3 months. From looking through their APR payments page they reference a daily rate of 0.89% though and it appears that they do set rates daily.

In this case, charges of £26.70 and £240.30 would be required for our sample examples. A standard slow transfer is issued and there is a note that a same day option is available, but they only state that this can be done for a small fee without disclosing any figures. This would be expected to stand at around the price of £6 or less. The difference between Landa Loan and most of their instalment rivals is that each month attracts the same interest here. This means that savings over extended periods are not provided, whilst other lenders in this sector grant cheaper rates over increased terms.

This is achieved by them taking interest from the reducing balance or they instead just offer lower rates as an incentive. There was currently an issue when entering the application form at www.landaloan.co.uk whereby it wasn’t displaying when using Google Chrome. Using the Internet Explorer browser instead was working though. If you do get it working then do take note that no encryption is used and once funded no login is provided. This lender has standard opening hours of 9am to 5pm (Monday to Friday). There aren’t too many Landa Loan reviews circulating the web, but the few spotted all carried positive user feedback.

SafeLoans is an experienced loan provider that has been active online at www.safeloans.co.uk since back in 2003. The company itself was formed in the year of 1989 and so they would have likely started out through brick and mortar lending. They did at one time also trade as PaydayOK that was later closed. The service in focus was previously available over shorter terms. However, they have now scrapped these selections to cover instalment periods of 1, 2, 3 or 4 months. When applying for the first time you can select amounts from £50 to £400 and the possible future sum was £750, but they now list £800.

The charges are set daily at 1% and so for over a month (30 days) you would need to pay £30 on every £100 borrowed. The same rate is in place over the various instalment periods and so 1% creates a £300 3 month charge of £270. It is quite strange to see a fixed interest charge in place for instalment loans, since most lenders make big reductions the further that you extend your term. Other than interest, you must also decide on the funding that can be free or paid. Other than slow they have showcased for some time fees of same day at £10 or within the hour at £15.

On a recent check over their service I noticed that when you view their repayment calculator this takes you to a new subdomain section. Here they only mention the free and the £10 transfer options and so these would now likely be your choices. Be aware that SafeLoans only processes loan applications during Monday to Friday between the hours of 9am to 5pm. The www.safeloans.co.uk website has a professional design and secure customer logins are provided once signed up. This clean appearance and the owner’s valued experience is also supported by responsible lending that is clear from this lender holding both BCCA and CCA trade association memberships.

The True Blue Loans brand was launched recently in 2013. They have been growing at a quick rate since this time and are already becoming a popular choice in the instalment loan sector through the search engines where they are performing well. This product has been released by Fidelity Works Ltd and it is served through www.trueblueloans.co.uk. They offer 3, 6 or 9 month loans that can all be paid off at any time to grant savings although this would have to be phoned through. £100 to £750 can be applied for in total. There is a first time restriction imposed though at the amount of £400.

When it comes to the pricing, there is no fast funding fee in place with just the interest charge needing to be paid. This works out on every £300 borrowed over the 3 month term at £188.61, whilst over 6 you would be looking at £366.67. These costs rank more competitively in the 3 month sector since there isn’t much of a change to the daily rate at 6. There is no customer login facility built in within www.trueblueloans.co.uk, but they do encrypt all applications. With no login you would have to as noted phone through to pay off your balance at an early stage.

Any such early repayment request (or loan verification) would only be dealt with during their operational hours. This is throughout working days only during the times of 9am to 5pm. You may have to wait for their underwriting to be completed that includes a workplace verification call. Fidelity Works Ltd has took on a membership place with the CCTA trade association. The True Blue Loans are targeting those with bad credit, but just beware that they do require their customers to be earning at least £1200 monthly to qualify. Finally, there is a note on one of their pages that they do offer loyalty discounts, although no further details are disclosed.

Lend UK was created by United Kash Ltd back in 2010. These loans that are available through www.lenduk.com carry terms of either 4, 6 or 12 months. These are fixed as £100 or £200 over 4, £200 to £500 is 6 and £500 to £1000 covers 12. The new customer limit stands at £500. A nice touch on the application form is that they quickly display instalment breakdowns when any such figure is entered. To cover their pricing, per £300 borrowed over 6 months there would be a charge of £348. For a £1000 sum over the 12 months you would need to pay them £1040.

Same day transfers are provided for free, but they state that the application must be processed before 7pm to benefit from receiving cash that day. This is relevant to working days only, as they close over the weekend. Further to this they close early at 5.30pm on a Friday and so you’ll have to apply much earlier on that day. A note is made that a telephone call must be made as part of the application process. Once approved and funded each customer is handed with secure logins at www.lenduk.com. The ability is there if desired to repay early and price reductions are made when this is done.

Lend UK has took on BCCA membership. Although some people may be put off by the verification call, they are relaxed in what they ask from their applicants. One notable feature is that they are happy to consider applicants who are self-employed. Many of their rivals ask for applicants to be in full time employment and so it is good to see that they choose to make exceptions. Although this company may not boast top rates, they are cheaper than Lending Stream over 6 months and they also edge out Pounds to Pocket over the year. I’m sure they’ll be happy about this, since these are market leading brands.

QuickQuid FlexCredit was a notable addition to the subprime sector in 2013. This instalment product is available on www.quickquidflexcredit.co.uk and also on the main QQ Site. The owner (Cash America International Inc) also trades as Pounds to Pocket and On Stride Financial is their very latest project. These QuickQuid FlexCredit loans did have a 1 to 10 monthly term span, but they have recently fixed this at 10. The ability is there to clear early, but you can’t select between the full range at application stage. Many of the characteristics match the central product such as the available cash sums of £50 to £1000 (£1500 when returning).

A secure login is provided over at www.quickquidflexcredit.co.uk and you should be able to login through the main website as well. For pricing, a simple £100 loan repaid after a month would be just £24.30. This often changes though since they charge interest daily and the number of days in each month changes as you go along. Now you can’t select extended terms on application I will have to provide examples based on their current chart where interest and 10% of the balance is taken away. At £300, when clearing after 3 months this would cost £196.39 and for 6 you would pay £326.97.

These new rates are higher and so they are no longer as competitive as they were. Is there a QuickQuid FlexCredit promo code 2014? There wasn’t at first, but they now allow applicants to add a voucher on the form. I don’t think the main QQ Promos work here, since the Pounds to Pocket Promo Code takes a discount from the initial payment only and so this would likely be the case here due to the extended repayments. Free fast funding is provided and they are open 24/7 that guarantees speedy processing around the clock. The pricing is good when you clear after a single month, but they score less well over extended periods.

Shelby Finance has provided 6 month loans since the summer of 2012 at www.shelbyfinance.co.uk. This instalment lender that is based in Cheshire delivers cash sums between £100 and £600, although new customers are restricted to the sum of £300. A 6 month instalment loan here would cost £330 per £300 borrowed. You can receive the funds free of charge or instead you can go fast and have £15 deducted from the funds sent. A Shelby Finance promo code box is visible on the homepage, but there is currently no sign of any vouchers across the web. For some reason they reference a £27.45 per £100 monthly charge.

This may perhaps be the cost required if you settled after just 30 days. The actual monthly rates that you will pay are much lower. The team behind this service has valued experience with some prominent online financial brands and so the prospects look good for this newly devised lender. New applicants can apply securely for loans here and once funded can control the product at any time via the equipped login facility at www.shelbyfinance.co.uk. It is stated that the option is provided to repay early at any time and so you will save from this. There is no chance of any weekend cash here.

Their full times from Monday and Friday stands between 8am and 6pm. They quickly obtained CCTA trade association membership soon after launch. The number of 6 month loan lenders continues to grow and the Shelby Finance loans brand is a welcome addition to the pack. Within this sector they charge similar rates to Lend UK, although they offer more repayment terms. This company hasn’t advertised much across the web, but they have started to receive coverage from several review sites through their affiliate/broker system. As noted, there is no sign of any working promo codes that would be ideal to track down to wipe out the £15 fee.

The WagedayXpress loan brand was launched in the later stages of 2013. This service served from www.wagedayxpress.com is the creation of Ancora Capital Ltd who are a major emerging name in the industry. They are the team behind the RedWallet.com brand and another entry is VarioLoans.com that was launched just a day apart from this one. Text loans are available here for all existing customers and they specialise in weekly terms that fills the demand for those that are unable to receive a loan due to being paid weekly. This is in light of some lenders restricting their customers to be paid monthly such as PDUK.

Between £50 and £350 can be applied for and the term range is 1 to 12 weeks. The WagedayXpress loans have received a recent price slash that has created highly impressive charges across all such terms. For £100 over 7 days you did pay £10, but you now pay £5.25. Over 28 days was £25 and this comes in at just £13.13. They have even updated the charge for the maximum instalment term (84 days) per £300 from £185.04 to £102.38. The faster payment fee is already factored within the charges. Secure logins are provided at www.wagedayxpress.com and they are CCTA members (as at their sister-brands).

The other recent Ancora brand (Vario) has also seen a price cut, whilst RedWallet currently remains at £29 and this has a fixed monthly term. One reason why the costs here at Wageday are so cheap for instance over a month is that the repayments are repaid back weekly and so they are consistently being fed with cash that keeps them happy. The opening times are not disclosed. At RedWallet they just list Monday to Friday with a closing time of 5pm, whilst at Vario they also note Saturday. With the low pricing and the SMS facility for existing customers, there is no doubt that this is one of the top market solutions in 2014.

UK Lenders Alliance provides 6 month loans via www.uklendersalliance.co.uk with their launch arriving back in 2011. This was not the first major project from this company though as they had operated previously through the Cash Choice brand. They have now closed this service down and all visits there now quickly redirect on to UKLA. Whilst the previous brand provided monthly payday loans, this new identity caters a set 6 month term. This service comes with available sums of £100 to £600 for new customers and £1000 is a possible returning figure. No loan calculator is provided on the site and so we’ll have to add their representative example.

This example is provided per £100 that is took out with UKLA. The interest charge here would be £106.45 and £15 has been added for the fast transfer (totals £121.45). This £15 fee doesn’t need to be made since you can just go with slower funding that adds just a few days before access is granted to the cash. The daily rates would approx work out to 0.591% for the slow option or 0.675% for the same day selection. The costs in place here do work out cheaper than Lending Stream who are the biggest lender specialising in this 6 month term.

The UK Lenders Alliance loans can be managed securely at www.uklendersalliance.co.uk. It is stated in the FAQ that customers have the right to settle their loan early, although there is no mention that savings can be made when doing this. This Manchester-based instalment lender has acquired BCCA membership as a further seal of trust. The main area that could be improved by them lies in their loan processing times of 8am to 8pm from Monday to Friday. This is what lets them down compared to LendingStream.co.uk who trade 24/7. They do as noted have the pricing advantage, although these aren’t market leading rates.

Cash4UNow was introduced to the industry back in the year 2011. This brand was composed by Novaloans Ltd and it is served at www.cash4unow.co.uk. There has been a few recent service upgrades here. For one, they have now dropped the single monthly term that carried 30% interest. There was also term restrictions based on the level of funding received, but this is no longer in force. They have also lowered the age limit from 21 down to 18. You can now receive instalment loans from 2 to 6 months. When applying, £100 to £400 are the first time sums and £750 is possible for those returning.

Over the available instalment periods the charge per £300 would be either £202.50 (for 3 months) or £270 (for 6 months). It is certainly advised to use the longest term since the daily rate works out much lower. These attached examples cover the Cash4UNow loans with slow funding. The same day transfer option costs an extra £10. You can quickly login securely at www.cash4unow.co.uk to control the loan with ease. This CCTA member is open between Monday and Friday from 9am to 5.30pm and you’ll need to get your application approved before 4pm if you are hoping to be sent same day funding (when selected).

When you do apply they will follow up with a quick call to your work for verification. If they can’t do this, a bank statement or wage slip will need to be faxed over to them. The applicant requirement of 21 has as noted been relaxed down to 18. This lender hasn’t been active for a considerable time and so they may be unknown to many people across the UK. You may have run into their side project (Wise Cash or WiseCash) where they broker loans. Those that have stayed loyal to this firm have left plenty of positive feedback and the value is good when you take their maximum repayment.