Cheap Loans

£50 £2,000
Step 1 Step 2 Step 3
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£0 borrowed over 0 days
Total Payable £
due Saturday 28th May
Total payable £
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Representative example:

Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.

Warning: Late repayment can cause serious money problems. For help, go to

Compare high cost short term quick loans at

If you’ve found yourself short on cash when the unexpected happens, cheap loans can be the perfect solution to help. With a quick application, you can get cash on the very same day to help resolve your financial emergency fast. As we are a trusted source of short term loans, at Fast Loan you can choose a cheap loan, or a loan all the way up to £2,000 with flexible repayment terms available that are based on what you can afford to pay.

All you have to do is choose the amount and repayment terms you want using the sliders above and click apply now to start your application today. We’ll work quickly to assess your cheap loan application and help you get back on track in no time.

What Are Cheap Loans?

Cheap loans in the UK are a type of short term payday loan that can allow you to access quick cash before your next payday. Typically, someone would apply for a cheap loan only when an unexpected cost arises, such as an emergency expense or surprise bill, and you do not have the available credit or savings to cover it. Our cheap loans are small loans available between £50-£2,000, and more flexible repayment terms between 1-12 months. Thanks to lenders now almost going entirely digital, those seeking cheap loans can apply and have their application assessed very quickly, meaning you can receive funds into your account on the very same day.

Why Choose Fast Loan for Cheap Loans?

At Fast Loan, we offer a simple and quick online service to apply for cheap loan. The application process is short, and easy to complete, saving you time in your time of crisis. By telling us how much and how long you want to borrow, we can then work quickly to provide an agreement in principle, so you won’t be left waiting to find out. As many online direct lenders will use automated lending approval systems, often those with poor credit can be declined straightaway without any consideration in regard to their current affordability. Fast Loan is different in this respect, as we take a human approach to the approval process. Credit checks are necessary due to UK law, but whether you have a low credit score or not, we will still take the time to assess your finances further. We assign every applicant a Customer Care Manager who will personally oversee your application. This way we can manually check your details received from credit reference agencies and call you if we have any queries. If we need to call you, this will usually take no longer than 5 minutes to complete, although this is not always the case. If your credit report reveals all the information we require, we will not have to do so.

If approved and your signed digital credit agreement has been signed, you could receive the funds into your bank to use within 15 minutes.

Eligibility for Cheap Loans

We keep the application process simple for our customers which also means our criteria to apply is also straightforward. To be eligible to apply today for cheap loans in the UK, you will need to meet the following:

  • 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

By meeting the above criteria, you will be able to choose the amount and repayment terms you desire and begin your application.

If we cannot determine you can afford the loan terms you are looking for with cheap loans, we will have to decline your application. As part of the approval process, you will also be required to provide proof of ID, proof of address and your last 3 months bank statements.

Apply Now & Get an Instant Decision for Cheap Loans

If you’re looking for instant cash today, and you have proven your affordability, our cheap loans can help you in a difficult situation. As Financial Conduct Authority (FCA) approved lenders, we work to responsible lending guidelines to ensure your application is treated fairly and to determine you can afford the loan you apply for. If you have any questions about cheap loans in the UK, please get in touch, or to start your application, click apply now.

Cheap Loans FAQs

How Fast Will I Receive the Funds from Cheap Loans?

Once we approve your cheap loan application, we are able to process payments straight to your bank account very quickly. Many of our customers have received their loan within 20 minutes of signing the agreement, but this timeframe may vary depending on when you apply. If you apply outside of business hours, such as a weekend or bank holiday, the loan application will not be processed until the next working day.

Can I Apply for Cheap Loans with Bad Credit?

Even if you are an individual with a bad credit score, we may still be able to help. We help customers from all different walks of life, but bad credit doesn’t determine your eligibility. We will assess the finances of every applicant and if we can determine you can afford the loan amount, along with the specified repayments, we can still help you out, even with a poor credit rating.

How Long Can I Borrow For with Cheap Loans?

As a new customer to Fast Loan, the maximum repayment choose is up to 8 months. Once you have repaid your first loan from us, you are the able to apply again in the future with a term length up to 12 months. Returning customers are able to apply for up to £2,000 and spread this over a longer period if they need to up to 12 months. You should only borrow what you need and can afford to repay. We do not encourage customers to apply for the maximum amount and terms available.