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MyPaydayLoanBroker We are an authorised credit broker not a lender

Quick Loans

Quick loans, are small short-term loans that you can apply for and in some cases, receive in your bank the same day. There are many times when an emergency bill lands on our doorstep and we simply don’t have the funds to cover it. In these circumstances, a quick loan can help us resolve the unforeseen emergency that has occurred.

How Much can I get with a Quick Loan?

A quick loan ranges from £50 up to £1000 although there are lenders that can lend up to £3500 and the loan term ranges from 7 days up to 12 months. In some cases, you may be able to borrow for up to 2 years.

How does My Payday Loan Broker help me get a quick loan?

My Payday Loan broker offers a loan matching service for people who are in need of a short-term loan 24 hours a day, 7 days a week. We work with over 20 direct lenders who may be able to help you. All you need to do is fill out our one page application form and if we can match you with a direct lender then we will pass your information to them for you to complete your loan application. If they approve your loan they could pay the money into your bank account the same day.

What’s the difference between My Payday Loan Broker and a direct lender?

My Payday Loan broker, offers a matching service by working with multiple lenders to try and help you get a loan. A direct lender is different because they are the company who actually lends you the money if you are approved. If a lender rejects your application you may need to search elsewhere to find a suitable lender. With My Payday Loan broker, we do the searching for you. To understand more about the checks that lenders may perform see our responsible lending page.

How long does it take to get a quick loan?

Our simple one page application form takes no more than 10 minutes to complete. Once you are matched with a lender, you will need to complete their application. In some cases, you may need to send documents to the lender like a bank statement or a payslip. In many cases you can get your quick loan the same day. You can read more about the process here.

What do I need to have to apply for a Quick Loan?

In order to apply for a quick loan, you need to ensure you meet the following criteria;

  • You are over 18 years old
  • You own a mobile phone
  • You have an active bank account with a debit card
  • You are in employment
  • Be a UK Citizen

Finally, it’s important to think about the different ways in which you can overcome an unforeseen circumstance. The solution is not always a quick or short-term loan. Read this great post by PiggyBank on how you can overcome financial difficulty. And if you are suffering and need help with your debts, you can contact the Step Change Debt Charity service at StepChange.org.