Lend and borrow with guaranteed repayments
Interest-free personal loans with guaranteed repayments. Paybackly handles the terms, payments, and tracking — automatically.
No credit checks. No interest. Just a small service fee.
Welcome back
Sarah
Car repair loan
To James Wilson
£83.33
/month
New request
Alex wants to borrow
£200
Install Paybackly on your phone
No App Store needed — works like a native app
iPhone (Safari)
Share → Add to Home Screen
Android (Chrome)
Menu → Add to Home Screen
How Paybackly works
Create a loan
Set the amount and repayment schedule, and invite the other person.
Both sides agree
Paybackly generates clear terms so everyone knows exactly what's expected.
Set up Direct Debit
The borrower connects their bank account for secure, automated repayments.
Repayments happen automatically
Payments are collected on schedule and tracked in one place. No chasing, no awkwardness.
Everything you need
We handle the awkward parts so you don't have to.
Zero interest, always
Borrowers pay a small service fee (3% + 50p) — that's it. Lenders get back exactly what they lent. No interest, no hidden costs, no catches.
Progressive trust system
New users start with a £500 limit. Repay on time and your limit grows — up to £5,000. This protects lenders while rewarding responsible borrowers.
Built-in lender protection
Every borrower is ID-verified. If a payment is missed, Paybackly automatically escalates — from gentle reminders all the way to formal notices — and your dispute is handled by our team. No chasing required.
Both parties notified instantly
Email + in-app alert sent immediately
Automatic escalation emails
Progressively serious reminders sent on your behalf
Borrower's limit reduced
Missed payments directly affect future borrowing ability
Raise a dispute
Our team investigates and mediates within 2 business days
Questions & answers
How much can I borrow?
New users start at £500. Complete loans on time and your limit grows up to £5,000.
What does it cost?
A 3% service fee plus 50p. No interest. The lender gets back exactly what they lent.
How do repayments work?
Direct Debit collects payments automatically on the last day of each month. Choose 1-6 months when you create the loan.
What if someone doesn't pay?
Paybackly handles it automatically. Both parties are notified immediately, then a series of escalating reminders are sent on your behalf. The borrower's future borrowing limit is reduced. If needed, you can raise a formal dispute and our team will investigate within 2 business days. Every borrower is identity verified before they can take a loan, so there's real accountability behind every agreement.
Can I lend to someone not on Paybackly?
Yes. We'll email them an invite. They sign up, verify their ID, and accept the loan.