Why Choose Fast Loan UK for Quick Loans?

At Fast Loan UK, we understand there is a real need to lend in the most responsible manner possible. Besides our best lending practices that are outlined below, we have processes and controls in place to ensure that our customers never borrow more than they can afford to pay back. Find out more about our responsible lending of quick loans in the UK and see just how we are a trusted fast loan direct lender.

QUICK LOANS UK

We specialise in fast credit in the UK, ensuring we will get the money approved for you into your account as quickly as possible. Once all relevant checks have been carried out on your application, you will receive the funds and be able to use them on the same day. In fact, 95% of all our quick easy loans will credit your account within just 5 minutes of you digitally signing your Loan Contract for fast loans. We have specifically designed the borrowing process here at Fast Loans UK to be as quick and hassle-free as possible. We will ensure you’re won't be kept waiting, leaving you more time to put your new funds to good use.

HONEST & TRANSPARENT QUICK EASY LOANS

What you see is what you pay with Fast Loan UK, as we ensure your best interests are matched as a fast loan direct lender. You will have come across many other lenders offering a similar fast service, but what makes Fast Loan UK stand out is our attention to you personally. We want you to be safe in the knowledge that our service will take your affordability into account fairly and not solely based on your current credit rating. If we can see you can afford the financial commitment you’re requesting, this will help form a decision even if you have a low credit score.

We calculate the cost of your loan including each repayment upfront. This way you can see that we have no hidden charges and we do not believe in admin, extension or late payment fees. We feel that it’s in both of our interests to treat you fairly when it comes to quick money loans, and we promise you’ll NEVER get a nasty surprise from us.

TOTAL FLEXIBILITY

At Fast Loan UK, all you need to do is choose the quick small loans amount you would like to borrow, how long you would like to borrow for, and how many loan repayments you would like to make in that time. You can choose to repay your quick easy loans early if you can and you’ll only be charged interest for the days you’ve borrowed. Now that’s total flexibility that you won’t get from just any fast loan direct lender.

AFFORDABLE FAST LOANS

We’ve seen just how many quick loans in the UK companies trap their customers by having them commit to large one-off payments at the end of the month. As a result, we have developed longer-term quick easy loans that have the option of making smaller, weekly, fortnightly or monthly repayments. This means our fast loans will always be affordable for you, just choose the options you need, and we’ll do the rest.

PERSONAL TOUCH

All our customers get allocated a friendly Customer Care manager as our commitment to you. It’s their job to personally manage your individual account to make sure you’re getting the most out of our online fast credit UK services. At Fast Loans UK, we do not believe you’re just a number and understand that everyone has their own personal set of circumstances when it comes to borrowing quick small loans. We promise you’ll always have someone to talk to about any uncertainty or problems you may face. If you have any queries, please refer to our FAQs, or contact us directly.

UNDERSTANDING

We understand that your circumstances can change unexpectedly from time to time, affecting your ability to manage bills and repay credit agreements. If this is the case, your Customer Care Manager will work with you to help resolve any financial difficulties you may be in. At Fast Loan UK, we are proud of the bonds many of our customers and Customer Care Managers have formed as a result of working together to resolve financial hardship. We want you to not feel alone if the worst-case scenario occurs, so just call or email us to talk through your options.

Unlike many other fast loan direct lenders, we do not believe in profiting from your missing loan repayments by charging excessive late and legal fees. We will work with you and give you every opportunity to repay your loan in a manner that is sustainable to the changes in your circumstances. The unexpected can happen at the unlikeliest times and we want to help see you through a difficult moment with our care and attention to quick loans in the UK services.

Useful Information on Fast Loans

How are Quick Loans Assessed When I Apply?

Although all applications for quick money loans, along with individual circumstances, are considered, we have put in place screening processes to assess all customers’ creditworthiness. These will include using credit reference agencies where necessary. This is so we can ensure that you can afford the fast loans you request without being in any prior financial difficulty. This forms part of our decision process, and we will still consider your circumstances to ensure your best interests are met.

How Quickly Can I Receive a Decision?

We aim to give you a decision as quickly as possible. It should take you less than 5 minutes to complete your application online for quick money loans. As soon as you submit your application, we will run credit and affordability checks. If we require further information a member of our Customer Care Team may contact you. Assuming there are no further queries needed to check with your application, we aim to credit your account within 10 minutes, meaning a very fast turnaround for you.

What’s the Maximum I Can Borrow With Quick Small Loans?

We offer flexible fast loans up to a maximum of £2000. If you’re a new customer, the maximum you can apply for on your first loan is £800. Once you’ve paid off the initial quick small loans up to £800, you will then become eligible to apply for a maximum of £2000 on your next loan application with us (subject to full affordability assessment). Please remember, whilst we are happy to provide loans up to £2000, you should only apply for and borrow what you need. These loans are classed as High-cost Short-Term loans and are not suitable for repeated use over a short period of time.

Do I Have to Have a Credit Check Performed for Quick Loans in the UK?

Due to our commitment to FCA (Financial Conduct Authority) guidelines and responsible lending practices, a credit check is necessary to be able to loan fast credit in the UK. A soft search will be performed at the beginning of your initial application to ensure you can definitely proceed with a loan through us. This won’t show on your credit file so will not have a negative impact on your score.

However, once pre-approved, a hard search will be performed and show on your credit file as part of our decision-making process. Whether you’re a new or returning customer, we will perform a soft search to ensure nothing has changed in your circumstances. Remember, a credit search is designed to protect you as much as the lender, so that you can avoid unnecessary financial difficulty from borrowing more than you can afford. You can find out more about how it works, plus more information in our money smart blog.

Do I Need a Good Credit Score to Apply for Fast Loans?

Whilst having a good or excellent credit rating provides you with more options, it isn’t a necessity when applying for fast loans. We take a human approach to lending, so if you have a poor credit history, we may still be able to help you today. You will need to ensure the repayments and loan is affordable for you, and we’ll perform credit and affordability checks to determine this. Even if you have been declined recently or have a history of arrears, CCJs or defaults, we could still approve a loan. If you can demonstrate your financial difficulties are in the past and your current finances can afford the loan you need, we can look to help with affordable options.

What Should I Consider Before Applying for Quick Loans?

Applying for a loan shouldn’t be taken lightly, so to avoid any potential financial difficulties, there are a few things to consider before choosing quick loans. If you haven’t got a budget in mind, you should consider the exact amount you need and what this will cost to repay. You should also keep in mind that the longer the term you choose, potentially the higher amount of interest you will have to pay back. Whilst you may be in an emergency situation requiring a loan fast, you should still ensure you have thought about how you will pay back the loan and if it is sustainable for you. If you have low affordability and will struggle to maintain the repayments needed, you should carefully consider if this is the best option for you. It’s best to work out how much you can afford to pay each month and stick to this budget.

Can I Pay a Quick Loans Agreement Off Early?

Yes, if you are able to settle the fast loans amount before the end of the term, all you have to do is contact us. We can provide you with an early settlement quote that will include a £10 early settlement fee, and the interest charge over the term so far. This is subject to this not taking you over the 0.8% daily interest charge. If you can afford to settle early, this can save you money overall as you will only pay interest for the days that you borrowed. Just speak to your Customer Care Manager who will be happy to help.

What Are the Eligibility Requirements to Apply?

If you want to apply for fast loans through us, you will need to meet the following eligibility requirements, including:

• Aged 18 years or over

• Current UK resident

• Be in Full-Time, Part-Time or Self-employment

• Receive a regular income

• Have a valid bank account and debit card

Meeting these requirements does not guarantee approval for quick loans, with each customer subject to credit and affordability checks first. We have no minimum credit rating requirement, so you will need to demonstrate the loan will be affordable and sustainable for you.

Do Fast Loan UK Charge Hidden Fees?

We are happy to confirm there are no hidden fees when applying for fast loans through us. We believe in transparency when it comes to lending, so the full costs of the loan you require will be provided before signing any documentation. There are no processing fees and we also do not charge late payment fees either.

How Long Can I Choose to Repay Fast Loans?

We provide full flexibility with our quick loans, allowing you to choose the repayment term that is most suitable for you. If you are a new customer, you can choose up to 8 months for your loan term and choose either weekly or monthly repayments. You can use our loan calculator to see how much this will cost you, adjusting the term to fit in with what you can afford. If you are a returning customer, you may choose up to 12 months for repayments. Your Customer Care Manager will be able to discuss repayment details further with you during your application.