WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

Instant Online Payday loans

The Best Payday Loans In Then Market

How much?

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Why Choose MoneyFall

Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Excellent
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

Loan amount
500 - 25,000
Loan term
1 - 5 Years
CUSTOMERSCORES
Gold Trusted Service - feefo
Apply Now

Show More ▼

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)

Compare Loans UK Before You Take Another Credit

Taking out a loan in an instant is now possible – thanks to online loans UK. Borrowers who are in need of quick cash don’t have to wait for weeks or even months. In just a few clicks, the money is sent directly to their bank account provided that they’ve met the criteria set by the lender. But what are these quick loans anyway? It seems like every loan companies have different names and slightly different explanation but are talking about the same product. So further understand what the loan is about, just keep on reading.

Compare Loans UK: What Are Instant Loans?

Also known as a quick advance, payday loans, or short-term advance, the loan offers a small amount settled in a short time; normally between 2 weeks or up to 6 months. The requirements are more lenient compared to the advances offered by banks and it can be acquired in less than a day, or even within 30 minutes, thus the name. It is faster and more convenient than taking a traditional loan.

When it comes to the application, there’s no need to consume a day or two; in fact, you only need to complete a 5-minute application form. The decision is released as soon as the application is received and once approved, the fund is sent to the provided bank account on the same day the borrower has applied. Nonetheless, it’s best to compare loans UK to know which lender offers the best rate and service.

why compare loans uk

The loan comes with no restriction and it can be used on almost anything. However, it is not ideal if you are in a debt crisis or debt spiral. It is too expensive to be used as a way to settle other loans. If you are having difficulties in getting yourself out of debts, you can seek financial advice rather than take another credit.

How Instant Loan Works?

Instant loans – as the name suggests – are easy to acquire but the challenging part is when you compare loans UK. Every lender has their own terms and conditions, rates, and kind of service. You need to conduct a research to find out which among them is worth considering.

Instant loans start with the application form, which is normally found on your potential lender’s website or an app. It will ask for personal and financial details such as your full name, contact details, employment information, bank account, Security Service Number, etc. Most online loan companies won’t bother checking your credit report and if they do, they will only use your to determine the maximum amount you can have and the interest rate to be applied. This is ideal for bad credit or those who have no credit history at all.

Usually, a verification call follows after submitting the application form, and this is one way for the lender to know whether you’ve answered the form honestly. A simple typographical error or inaccurate details can result in a delay or automatic rejection. Once approved, the money is sent directly to your bank account so you can use it immediately.

Frequently Asked Questions

One unwritten rule when taking out a credit is to compare loans UK. It’s important to check out different rates and policies before you finally choose the lender you will deal with. Taking a look at these frequently asked questions will also help you acquire the loan smoothly.

  • What are the prerequisites for a quick advance?

With instant loans, the only thing you need is the application form, although some lenders may ask for a soft copy of a document such as a payslip to be sent via email or fax. Other prerequisites involve your full name, home address, the details of your employer such as the contact numbers and business name, your basic contact details, your monthly income, active email address, and the information about your bank account.

The answer is yes – although your loan options are quite limited. The amount you can have is also smaller compared to those with a good credit standing.

  • Can I extend or delay the repayment for my quick advance?

It depends upon the terms and conditions of the loan. Most loan providers will allow you to extend the loan – which is referred as “rollover” – providing that you agree to settle additional fees.

  • Where can I use instant loans?

Instant loans can be used on almost anything; however, it is too expensive to be used on anything impractical, such as travel or buying a new gadget. It is ideal for emergency situations though since it can be acquired immediately. There’s no need to wait for days before you obtain the bank loan, allowing you to address urgent concerns.

  • What are the benefits of instant loans?

Basically, it’s advantageous when you need urgent cash to cover emergency or medical expenses. Also, since it is considered as a high-risk type of loan (because it doesn’t use collateral or guarantor to secure it), it helps in improving your bad credit remark. This means you can take advantage of it when you want to fix your credit report or build a credit history. However, you need to avoid late payments and default as this can damage your credit standing even more. To ensure that you will minimize problems in terms of repayment, you can compare loans UK first to know which loan is the most affordable.

  • Who uses instant loans?

Almost anyone who is employed or self-employed can use the loan but basically, the lender is more likely to accept those who are capable to settle it. It’s also important that you are of right age (at least 18 years old), have a UK residency, and can provide a bank account. If you’re unemployed, be sure to have an alternative source of funds such as a pension, benefits, or a business; otherwise, the lender may reject your application. Nonetheless, you can still compare loans UK to find lenders who are willing to accept jobless individuals.

why compare loans uk

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

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

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

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

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.