If you’ve found yourself short on cash when the unexpected happens, payday advance loans can be the solution to help. With a quick application, you can get same day cash to help resolve your financial emergency fast. As we are a trusted source of short term finance, at Fast Loan UK you can choose a loan up to £2,000 with flexible repayment terms available that are based on what you can afford to pay, whether you have a perfect credit score or not.
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 advance loans application and help you get back on track in no time.
What Are Payday Advance Loans?
Payday advance loans are a type of short term payday loan that allows applicants to access quick cash before their next payday in a financial emergency. Traditionally, a cash advance would be associated with an employer paying an employee a few days early to help cover an essential bill or expense. Whilst not a common practice by employers in present day, there are direct lenders online who can provide a similar service with cash advance loans instead. Typically, someone would apply for advance loans only when an unexpected bill arises, and they do not have the available credit or savings to cover it. For example, if it’s a week before your next salary date and your car breaks down leaving a large repair bill to pay. This can leave some people in a difficult position if they cannot pay straight away, which is where payday advance loans can help.
Thanks to the advancement of online lending technology, those seeking cash advance loans can apply and have their application assessed very quickly, meaning the potential for same day cash which would be difficult through traditional banks. They also tend to be available for lower amounts, with small loans available between £50-£2,000, and more flexible repayment terms between 1-12 months. Compared to products like a personal loan that tends to be for amounts of £1,000+, payday advance loans are ideal for small amounts of borrowing over a short period.
Why Choose Fast Loan UK for Advance Loans?
At Fast Loan UK, we offer a simple and quick online service to apply for payday advance loans, keeping an application short and easy to complete. By telling us how much and how long you want to borrow for, we 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, this means those with poor credit can be unfairly declined straightaway. This is where Fast Loan UK is different, as we take a human approach to the approval process. You will still be credit checked to see your credit history, but whether you have a high or low credit score, 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. Sometimes, if we have all the information we need, we won’t have to call you at all.
We understand not all applicants will have the best credit rating, which is why we do not automate the application process like other lenders. We take a human approach whilst still providing a fast application that can provide the quick cash you’re looking for. 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 Cash Advance 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 advance loans, you will need to meet the following:
1. Aged 18 years or over
2. Current UK Resident
3. Be in Full-time, Part-time or Self-Employment
4. Receive a Regular Income
5. Have a valid Bank Account and Debit Card
Meeting the above means you can choose the amount and repayment terms you want and start your application. It does not guarantee you will be approved for the loan you choose. Every applicant will undergo a ‘soft check’ of their credit file once an application has been completed, providing us information to provide an agreement in principle. A soft check will not appear on your credit file and will not impact your current credit score.
If approved in principle, the Customer Care Manager will assess your income and outgoings to check your affordability and then perform a ‘hard check’ of your credit file. This will show on your credit file as part of your application with Fast Loan UK. If we cannot determine you can afford the loan terms you are looking for with cash advance 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 Payday Advance Loans
If you’re looking for instant cash today, and you have the proven affordability, our cash advance 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 advance loans, please get in touch, or to start your application, click apply now.
Payday Advance Loans FAQs
Can I Apply for Payday Advance Loans with Bad Credit?
Yes, we can help customers from all types of credit backgrounds. If you do have bad credit, this doesn’t mean you will be declined straightaway, as a credit check is one part of the approval process. We take the time to assess the finances of each applicant, which is why we request your most recent bank statements. If we can determine you can afford the loan amount and repayments you request, even with a poor credit rating, there is still a chance we can help you with advance loans.
How Fast Will I Receive the Funds from Cash Advance Loans?
We can process payment very quickly once your application is approved. If your bank supports faster payments, many customers have been able to receive the loan amount within 20 minutes of digitally signing their loan agreement. This will vary depending on whether you apply within business hours, with applications outside this and on weekends or bank holidays not processed until the following working day.
How Long Can I Borrow For with Advance Loans?
As a new customer, the maximum repayment term you can choose is 8 months (241 days). Once you have repaid your first loan from us, you are welcome to apply again in future when you need it up to a maximum term of 12 months (365 days). Your first loan with us is limited in value (maximum £800) and repayment length to ensure that this can be repaid on time and that you become a trusted customer. Returning customers can then 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.