The cost of borrowing £300 over 6 months:
#1
Fast Loan UK
£507.48
#2
Mr Lender
£544.00
#3
Cashasap
£556.23
#4
Lending Stream
£579.00
#5
Money Platform
£586.26
#6
Savvy
£595.00
#7
QuidMarket
£596.46
#8
Cash4unow
£599.82
#9
Fernovo
£595.92
#10
Ticket Loan
£595.92
#11
Loan Pig
£595.92
#12
Moneybag
£600.00
Proud to offer the cheapest instant short term loans in the UK
Compare our loans to other lenders here
Warning: Late repayment can cause serious money problems. For help, go to moneyhelper.org.uk
Representative example:
Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%
Get a same day loan fast when applying online here at Fast Loan UK. If you need a loan quickly to cover an emergency or unexpected expense, we can look to help you with our simple application, even if you have a poor credit history.
We understand that getting a loan quickly is vital so you can resolve your short term position as soon as possible. That’s why we’ve made it our mission to simplify the application process with 95% of our customers getting the cash they need in their bank account within just 10 minutes of digitally signing their loan agreement.
With our same day alternative to payday loans, you can borrow up to £2,000 with flexible repayment terms of up to 12 months, helping you spread the cost of repayment for longer if you need to. As a new customer, you can choose a same day loan up to £800 and choose repayments for up to 8 months, helping you to cover most short term cash flow issues when they arise when you have no available savings to help.
We’re a transparent, responsible direct lender, authorised by the Financial Conduct Authority (FCA) to provide short term loans. We can work with you to arrange the same day loan you need on a plan that suits your budget, with fixed monthly payments that you can sustainably afford.
What Are Same Day Loans?
There are so many situations where same day loans can be necessary. Whether your car is in the garage for urgent repairs that need to be resolved, your boiler needs replacing and you don’t have emergency savings to cover it, or you are experiencing a cash flow problem before your next salary date, a same day loan may provide the financial relief you need.
If you don’t have the spare cash straight away to help, as a same day loans direct lender, we can help eligible customers apply quickly even if they have a low credit score. We’re able to offer same day loans to many customers where you can easily apply, get a quick decision, and receive the cash if approved all on the same day. As long as the repayments you want are affordable and sustainable for you, and you are not in current financial difficulties, you could get the approval you need fast.
We’re happy to consider all levels of credit and we never charge hidden costs or fees. When you take out same day loans in the UK with us, you’ll be provided with your own personal Customer Care Manager, who you can contact directly at any point of your loan term. This process ensures when you need quick loans, we are here to help as much as possible. We can’t guarantee approval, but we won’t decline you just for having a poor credit history. Unlike other lenders, we take a human approach, so we are happy to welcome your application if the repayments will be affordable for you.
Benefits of a Same Day Loan
Unlike other types of loans, a same day loan provides an opportunity to get the cash you need fast whilst still being able to choose flexible repayments. Rather than having no option than to settle your loan in full on your next payday, we provide up to 8 months to repay for new customers, and up to 12 months for those who have borrowed before and repaid their first loan in full. This flexibility ensures you can choose a loan term that is sustainable for you.
The other benefit is the fact you can receive the cash quickly – some lenders may make you wait a number of hours or even days to provide a decision and then transfer the funds. A same day loan strives to do this all on the same day and as quickly as possible whilst following responsible lending guidelines. You’ll still be credit checked and have your affordability assessed, but your Customer Care Manager will be able to perform these actions and provide a lending decision much quicker, enabling a same day loan to be approved and then transferred to your bank account within minutes of signing your agreement.
Fast access to the cash you need – within 10 minutes of signing your agreement when approved.
Simple application form to complete – we only require the essential information about you and your finances.
Poor credit histories welcome – there is no minimum credit score to apply, as long as the repayments are affordable for you.
Flexible repayment options – adjust the repayments to suit your budget and schedule, either weekly or monthly.
No hidden fees – transparent terms on the same day loan you need, with no hidden fees added.
Same Day Loans For Bad Credit
We’re happy to provide same day loans for bad credit, meaning if you do have a low credit rating or a history of arrears, defaults, or CCJS, we welcome your application. Before you do, it’s essential that the loan you are looking for, whether £100 loans or £2,000 loans, is affordable for you.
We pride ourselves on being completely transparent about all costs involved with our loans, so this ensures you have all the information you need upfront, so that you can look at your budget and see if you’ll be able to sustainably afford the same day cash loan. This way, you can make an informed decision about whether same day loans for bad credit through us is the right choice for your situation and finances.
It’s important to only apply for a same day loan if you can afford it and only apply for the amount you need rather than the maximum available. As responsible lenders, if we cannot determine whether the loan is affordable for you, we will have to decline.
We know that your current credit score doesn’t necessarily reflect your current finances. If we can see you have plenty of money each month after essential outgoings when assessing your last few months’ bank statements, and the loan is sustainable throughout the loan term, there’s a good chance we can approve your application today.
Why Choose Fast Loans for Your Same Day Loans?
As a direct lender of same day loans, we can ensure that we’ll assess your application quickly and fairly to provide a decision in minutes. Whether you are a new customer or someone who has borrowed from us before, we’ll always look to help our customers get a cash loan when they need it – all we ask is that you can meet our eligibility requirements and sustain the repayments throughout the loan term.
We keep our eligibility criteria straightforward, so you’re welcome to apply for our same day loans if you:
- Are at least 18 years of age
- A current UK resident
- Have a bank account and a valid debit card
- Receive a regular income from employment
As an FCA authorised direct lender of same day loans in the UK, we are required to run credit checks as part of our decision-making process. Only after credit and affordability checks have been completed will we be able to provide a decision. Unfortunately, we are unable to approve applicants who have been declared bankrupt, entered into a Debt Relief Order, or have an Individual Voluntary Arrangement (IVA) debt solution.
To find out more about our same day cash loans, please contact the team at Fast Loan UK today. Once you’re ready to start your application, please click apply now and we’ll see if we can help you get a same day loan today.
Same Day Loans FAQs
How quickly will I receive the loan?
Once you’ve signed your loan agreement, we’ll transfer the cash to your bank account without delay. In order to facilitate same day loans, we use the Faster Payments System (FPS), and you should receive your loan within 15 minutes. If your bank or building society doesn’t process Faster Payments, it might take a little longer.
Am I guaranteed approval for a same day loan?
We cannot provide guaranteed same day loans and your application will be subject to credit and affordability checks first. However, we can look to help those looking for bad credit same day loans, as long as the repayments are affordable and can be sustained. We take responsible lending seriously, so as long as we can determine the loan is sustainable and will not cause financial difficulty, we can look to approve. You should be wary of online lenders offering guaranteed approval without a credit check, as this is designed to not only protect the lender but also you from taking on a loan you cannot afford.
What’s the maximum I can borrow with a same day loan?
If you are a new customer, the maximum same day loan amount you can borrow is £800. This is to ensure your first loan with us is affordable, providing a maximum repayment term of 8 months. If you have borrowed from us before and you have settled your first loan in full, you are welcome to apply again if you need to. You may then be eligible to borrow up to £2,000 and choose repayments of up to 12 months. This will be subject to credit and affordability checks. Rather than apply for the maximum amount available, you should always look to apply for the amount you need to resolve your short term position and the shortest loan term you can afford to sustain.
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.