Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Which payday loan is best for people with bad credit?

Let Us Find the One for You Today!

Love Your Loan

Personalise your loan to your requirements – Loans to suit every circumstance

Read More

Online Applications

You can do your application from start to finish all online and all in just 2 minutes

Read More

Know Your Loan

Repayment statements make it easy to follow your progress – Keep on top of your plan

Read More

The Important Parts

Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Note: Loanago is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 500% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Lenders Facts

Loan amount
£50 - £2,000
Loan term
3 Months Only
CUSTOMERSCORES
Good
Apply Now

Show More ▼

Loan amount
£200 - £1,000
Loan term
3 - 6 Months
CUSTOMERSCORES
Excellent
Apply Now

Show More ▼

Instant Loans

Instant loans are exactly what it is described, instant. Most traditional loans involve the borrower going to the office or bank and apply for it personally with a long, and sometimes intrusive application process. Instant cash loans cut out that part and get you applied and approved within minutes. This means no long queues, no long waits, no emailing, no faxing, and no awkward or uncomfortable interviews. Your loan amount stays private and you will never have to explain why you even need to borrower such amount. With instant loans, you can apply for your loan and get approved in minutes, and you can also get your money in less than an hour if you apply during business hours

Getting Instant Loans

For your application, you will only need to provide proof of identity, evidence of stable employment and a stable income, and your bank statement from the previous three months of your income-receiving account. Some creditors implement credit check, but this depends between each borrower, and generally only searches through recent credit history. Basic requirements for this loan include being of legal age, a UK citizen, and must have a sort of income. Lenders may also assess whether potential borrowers suffer any excessive hardship that may prevent them from meeting loan repayments. benefits of instant loans today Instant cash loans are usually short-term, small loans of up to £200 to £2,000, with loan duration of up to two months. Similar to a payday loan, instant loan repayments align with your payday whether it is weekly or monthly. The amount you’ll pay is based upon a pre-arranged agreement. However, some lenders do not impose early repayment fees, so you can repay your loan as soon as you want. Finding a reputable instant loans lender to get a loan isn’t always easy, and it can be time-consuming, too. The easiest ways to obtain an instant cash loan is online. You will have hundreds of options and you can apply and get approved for your loan from the comfort of your own home. Most online lenders operate completely online, keeping your identity and information private, and saving you costs that many traditional lenders charge. Just fill out their application form on their website and get your loan approved within minutes. It is usually less time than it takes to commute to your nearest lender. The approval process takes a matter of minutes and you could have your cash within an hour, sometimes even less.

Instant Loans in the UK

Emergency expenses are what this type of loan is designed to be used for. Instant loans can be applied for and transferred into your account in a matter of minutes. This means they can easily be used for expenses that come up unexpectedly and need to be dealt with right away, such as urgent medical care, vehicle repairs, urgent home repairs, emergency trips, unexpected bill, and much more. Instant loans are quite popular in the UK. You’ll find many instant loan lenders anywhere, be it a bank or office or an online lender. In the UK, payday loans and cash advances are typically known as instant loans due to the fact that the application process and approval are so fast. Most instant loans are obtained from online lenders. Just make sure the lender is legitimate as there are many scammers and loan sharks online. Check the reputation and background of the lender. Before applying, make sure that the lender is trustworthy and licensed. Check online reviews and with friends and family, if applicable. A lender who gets you the money quickly is also a good thing to consider because speedy delivery of funds ensures your needs are met. You can expect from instant loan lenders that they really make decisions instantly since the application is completed online, which only takes five minutes. The money can be in your account within hours or within the day. Choose the right instant loans lender who recognizes responsible behavior. Many instant loan companies may give you the same rates and loan amounts repeatedly, even if you have established a history of repaying on time with them. However, there are also lenders who would increase the amount you can borrow if they see you are a good payer. Make sure the instant loans lender has clear terms and conditions. Some lenders get you with hidden fees, rollovers, and unclear interest rates. Be clear with them from the start on how much the short-term loan costs, so you can budget your repayments properly. Choose a lender with a track record of good customer service, and ensures that any costs are stated clearly throughout the loan process, providing transparency. Moreover, look for a loan that offers you flexibility based on your personal financial circumstances.

Key Points in Instant loans

Instant loans are usually up to £2,000, which can be paid back over three months in three equal payments. When applying for an instant loan, you can choose how much you would like to borrow, starting from £200. Applying for instant loans are usually all done online. You can use the loan calculator found on lenders’ websites to see for yourself how much you will likely be paying back for the amount you intend to borrow. It takes only a few minutes to have your application completed and sent off. If your loan application is approved, you could have the funds in your bank account right away, before the day ends. Anyone who can provide proof of employment or a steady source of income, a resident of UK, and of legal can apply for instant loans. Documents required may vary from lender to lender, so as the interest rate, other fees, and terms of the lenders. The maximum amount may also vary, but lenders usually want to stay competitive so there won’t be too much variation in this area. What you can focus on are the other terms and conditions, and certain features that come with the loan. This is where most of the complaints are coming from, and definitely the aspect you should watch out for. why choose instant loans

%

Applications Accepted

%

With Bad Credit

%

Return Customers

5 most recent personal loan reviews

Review of Funding Circle

Very quick response and good safety features. Speak to real people once the application has been logged. Very simple to fill out. Would definitely recommend Funding Circle to anyone.

Review posted by Gary Craigs, Dumfries

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Savvy

Really Great Service! Thoroughly recommend! Have dealt with several loan companies & Savvy is definitely the best, easiest, professional & they do exactly what they say unlike many other financial companies that lead you up the garden path!

Review posted by Helen Stern, Sheffield

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Capital One

I have poor credit and really needed the money to pay a court fine or be up against the magistrate again. Really helped me out and I found the charges for the credit very reasonable. Would highly recommend if your in a pinch. Great customer service and went out of their way to help get the loan out the same night I applied. Started 6pm and had money in the bank before 10pm. Great service.

Review posted by Blake Harrington, Margate

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from Trust Pilot to ensure the authenticity of accounts.