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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.

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

What are emergency cash loans?

Emergency cash loans refer to instant cash loans that enable you to access money quickly. They are provided in small amounts and have short repayment periods. If you face an emergency such as car damage, an emergency cash loan can significantly help you. Notably, they are similar to other kinds of short-term loans, such as instant cash and payday loans. But an emergency cash loan can be customized to meet the customer's specific needs.

Currently, a significant number of emergency loan lenders in the United Kingdom provide these loans to those who have good credit and those who have bad credit.

quick loans for emergencies

Which lenders can you borrow from?

If you seriously need an emergency loan today, we can help you to find a trusted lender. One of the best things with us is that we have simplified the entire application, confirmation, and transfer progress so that all our clients get funds into their bank accounts within the shortest time possible. Additionally, we accept online applications. As a result, it is not a must for you to visit our offices to apply for an emergency loan.

Notably, we understand that individuals who need emergency loans might be having stressful situations. Therefore, our short-term loans can help you seek out medical bills, buy household goods, and repair your car. Furthermore, even if other lenders have declined your application, our panel of experts can assist you. The lenders that we work with, specialize in offering loans to people have had a bad credit score. All people who have had credit issues in the past should be assured that they can still be assisted.

When time is of the essence... having access to quick loans is vital, so you can concentrate on the matter at hand. We save you the time of finding reliable lenders at low interest rates.

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When to consider applying for an urgent loan

Emergency loans are typically meant to meet occasional emergency or unexpected costs when people need money immediately. But lenders recommend that borrowers minimize using payday loans so that they do not pay huge interests, which can overwhelm them. However, there are situations when it is practical to take an emergency loan. When exposed to such situations, borrowers should take bold steps to seek out their emergency expenses. Even if the costs associated with emergency loans tend to be higher than other loans, you can prevent other costly issues such as loss of earnings or default penalties.

How can I know if I am eligible?

Just like other loans, emergency loans also have restrictions and guidelines that are relevant to all applicants. But payday loans do not have stringent measures like traditional loans. For instance, if you have bad credit, you can still qualify for a payday loan. Although emergency loan providers conduct a credit report, there is a higher likelihood of lending to those who have bad credit than banks.

Below are some of the details that the emergency loan lenders consider:

  • Employment- The applicants must be employed and receiving a regular income.
  • Bank account- The applicants must have a valid bank account in the United Kingdom.
  • Residence- The applicants must be residing in the UK.
  • Age- The applications must be above 18 years old with valid documents verifying their age.

Notably, the lenders can request the applicants to provide other relevant details relating to their job, especially if they have worked with their current employers for a short period. Furthermore, the lender can request details about the general financial position and budgetary requirements.

We can help you in an emergency.

When there's no time to lose and you need a to get a quick loan in an emergency, let MoneyFall help. We can connect you with trusted direct lenders in a matter of seconds.

That's one less thing to worry about!

Will my application be approved?

Currently, many lenders prefer to look past the borrower's credit history and score when they are providing loans. In this case, many decide to consider more if the borrowers have the means of repaying the money they need in time. Due to the loans' urgent nature, our partners can help you quickly identify a lender who is likely to approve your loan. With mobile technology and easy to follow instructions, you can get the money that you need within a few hours by making the application using your smartphone.

Can you still apply for an emergency loan on benefits?

A significant number of emergency loan lenders in the UK will require applicants to be employed. As part of the application, lenders will assess the expenditure and income of the applicant. Individuals who meet the required repayment criteria, their applications can still be considered. Additionally, lenders can consider applications provided they are assured that you will be receiving the benefits within the period you are supposed to repay your loan. One of the examples of the benefits includes Disability Living Allowance.

Why do emergency loans have high APRs?

Emergency loans might appear to be expensive due to the high APR quotes on their adverts. Fortunately, some lenders do not charge interest for the short-term loans. Instead, they charge fixed fees. Regardless of the charges, all regulated and reputable emergency lenders will be upfront about the charges or APR associated with the loans they provide.

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Urgent cash loans with no credit check?

It is impossible to get an emergency loan that does not have a credit check. Notably, credit checks are needed by the Financial Conduct Authority. They also protect borrowers from illegal moneylenders, ultimately increasing debt and high repayments. However, currently, lenders do use more relevant data in assessing applications. Specifically, some consider the borrower's employment and financial status, instead of considered if they missed repaying their previous loans. Moreover, due to the urgent nature of emergency loans and through online banking, lenders can provide quick responses.

Quick decisions set us apart

No-one wants to wait around for a decision, especially when it's urgent. You can get instant decisions regarding your loan request from multiple lenders.

We take the hassle out of finding a loan.

How long does it take to make a loan decision?

After the lender has received all the required information, the emergency loan decision is made quickly, as little as half an hour. It implies that borrowers can have funds quickly within the same day than traditional money lenders.

How long can you take to make all your loan repayments?

Once you apply for a loan, you choose a reasonable repayment period. Our lenders provide flexible repayment periods ranging from 3 months to 36 months. Typically, more extended periods are used by individuals taking huge loans, while small loans can be paid within a short period.

Can I borrow more than one emergency loan?

Typically, emergency loan moneylenders limit borrowers to one loan at a time. Once the borrowers have completed repaying the loans, they can again apply for another loan. However, emergency loan lenders advise the lenders to apply for another loan immediately, ONLY when it is necessary. Therefore, instead of exposing yourself to a situation where you always need money urgently, you should budget your cash in time. Moreover, it would be best to control your spending and any credit issues you may be having. Notably, several agencies can assist borrowers in reducing reliance on loans and have better budgeting decisions.