What are Payday Loans?

Payday loans are small cash advance loans provided so you can quickly have access to cash when you need it. Our payday loans are repayable on your next payday – up to 31 days away. It is an easy way to borrow instant cash for those who don't want a formal and lengthy loan agreement with a bank.

What are instant payday loans?

Instant payday loans are small, short term loans intended to give users access to funds quickly and without having to answer a lot of difficult questions. Instant payday loans are referred to as 'instant' because we aim to get money to you as quickly as possible, almost certainly the same day and usually within the hour. Our instant payday loans, as with normal payday loans, are repayable on your next payday – up to 31 days away. They provide a simple source of quick cash for those who don't want a formal and lengthy loan agreement with a bank or don't have time to wait for a building society to go through lengthy credit checks.

Amount you Borrow — £
Amount you pay* — £
Representative APR 2120% (Variable)

£100

£1000

* Repaid on your next payday

Applying for Payday Loans

How instant payday loans work

With Top Hat Money applying for one of our instant payday loans couldn't be simpler. It's all done online and there's no mountain of supporting paperwork to fax either!

Simply fill in the Payday Loans Application Form, get an immediate response and, when successful, check your bank account for your money.

How to apply for instant payday loans

To apply for payday loans right now simply complete our payday loans application form, we'll do our best to approve your application right away, then simply receive your money.

What's needed to get instant payday loans?

To get one of our instant payday loans all you need is to be 18 and over and have a regular income into an active bank account with a debit card. It's as simple as that.

How long do payday loans application take?

Completing the payday loans application form should not take more than about 2 minutes.

You should receive an immediate response.

Once approved instant payday loans can be directly cleared into your bank account within minutes.

Do I have to send in any documents?

In most cases we should be able to approve payday loans application without needing to see any additional paperwork. Very rarely we may require some supporting documents from you to fully process your loan application.

How much can I borrow?

New customers can request instant payday loans of up to £1000. Once you are an existing customer we'll be able to increase the size of loan you can request to give you that extra flexibility to meet your short term cash needs.

Do I need to fill in payday loans applications every time I need a payday loan?

No, once you are an existing payday loan customer, and you have shown you understand how to use the system responsibly, you won't have to fill in an application every time you need a cash advance. However from time to time we may ask you for supporting documentation.

I have a CCJ - can I still qualify for instant payday loans?

Absolutely. To qualify for instant payday loans you only need to satisfy us that you will have enough money on your next payday to repay your loan.

How is a decision made if you don't use credit testing?

Link Metric Ltd trading as Top Hat Money is committed to lending responsibly, we don't want to put people into debt by lending them money that they can't afford to repay. Payday loans are short term cash loans that are there to help you manage your cashflow when unexpected expenses arise. There are strict criteria in place which we must meet to ensure we only lend to people we can be sure can afford both their existing commitments and the additional commitment of a payday loan based on the information applicants provide.

Why do I need to supply bank details before a decision is even made?

We request your bank details while we are collecting your other information primarily for identification purposes. For your safety and ours we never deal with anyone if there is any question about their identity.

Why do I need to provide so many details before a decision is even made?

For your safety and ours we never deal with anyone if there is any question about their identity. Link Metric Ltd t/a Top Hat Money is registered with the Data Protection Registrar and holds a Consumer Credit Licence (645219). In the UK a consumer credit licence, issued by the Office of Fair Trading (OFT), is required by a payday loans company before it can offer payday loans. You should check that any company you apply to for payday loans has a Consumer Credit Licence and their registration number is clearly displayed on their website.

We use the information you provide to be absolutely sure we are dealing with the correctly identified person.

Successful Payday Loan Applications

What can instant payday loans be used for?

Anything.

How do I receive payday loans?

The funds of your payday loan are transmitted electronically using the Fast Track service and are cleared into your bank account within minutes.

Unsuccessful Payday Loan Applications

Responsible Lending

Link Metric Ltd trading as Top Hat Money is committed to lending responsibly, we don't want to put people into debt by lending them money that they can't afford to repay. Instant payday loans are short term cash loans that are there to help you when unexpected expenses arise helping you manage your cashflow.

We don't want to put people into debt and we don't want to take advantage of people in need. For our safety and yours we never deal with anyone if there is any question about their identity. Link Metric Ltd t/a Top Hat Money is registered with the Data Protection Registrar and holds a Consumer Credit Licence (645219). In the UK a consumer credit licence, issued by the Office of Fair Trading (OFT), is required by a payday loans company before it can offer payday loans. You should check that any company you apply to for payday loans has a Consumer Credit Licence and their registration number is clearly displayed on their website.

Can you give me more information about why my application was unsuccessful?

Unfortunately not. We are not allowed by the Office of Fair Trading to give details of the selection criteria or of why applications may or may not have been successful. This is seen as 'coaching', i.e. applicants may re-apply changing some details based on the info we have given them, therefore obtaining payday loans they may not be able to afford.

Can you reconsider your decision?

Absolutely, if your circumstances change you may re-apply at any time and we may be able to provide you with a payday loan.

Repaying Your Payday Loans

Do I have to repay an instant payday loan in one go?

You should always try your best to repay your payday loans in full on the agreed repayment date. In some circumstances you may be permitted to refinance your payday loans by paying the interest and deferring repayment of the capital sum. However, this is only allowed at our discretion and is subject to an assessment of your creditworthiness in accordance with the Irresponsible Lending Guidance issued by the OFT. It is important to understand that when you defer payment of your loan in this way you are not paying anything off the loan amount, simply rolling over your full repayment until the next month and this will mean you will end up paying more.

Can I pay instant payday loans off in instalments?

Instant payday loans are designed to be paid off in full on the repayment date. However, if you think you are going to have difficulty paying off the loan in full, please contact us before you repayment date and we may be able to arrange an alternative payment plan.

What if I fail to repay an instant payday loan?

It is important that you inform us as soon as you think you will not be able to repay any payday loans on time in order to initiate rolling the loan over to the following month.