Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
*We are an authorised credit broker not a lender

What is a Quick Loan?

The Money Advice Service has found that 40% of adults will not have £500 or more in savings to cover emergency and unexpected expense. A quick loan can help to cover these unforeseen expenses, and should provide you with the money on the same day you applied. People often associate fast loans with payday loans, but there are different types of short-term loans which are authorised and regulated, that enable you to borrow money quickly.

With My Payday Loan Broker, if you require a loan, we'll try to find you a same day loan through the right online lender. You can be sure that the lender we match you with is following the responsible lending regulations and is a registered office.

Over 25 years of experience

Same day approval**

No Guarantor Required

**Please note that although most people receive their loan funds within 1 hour, individual banks may require funds to be held for up to 3 days while the funds clear. For questions about this clearing hold, contact your bank.

Why Might You Need a Quick Loan?

If you need cash fast, it's probably because you've had an emergency expense. This could be anything from your vehicle breaking down to your roof leaking. In these situations, you can't afford to wait until payday to cover the costs and you require a fast loan. You’ll likely need your car to get to work, and you'll certainly notice a hole in your roof the next time it rains.

If you don't have the funds saved, there are options available. Depending on your credit rating, you may be eligible for a bank loan or a credit card. However, as these are long term financial opitions, ou may end up paying more with these in the long run as the loan terms are likely to be longer and you may be charged for making early repayments. Furthermore, you may not be eligible for these options due to credit checks. With a short-term loan, though the interest rates are slightly higher, you select a repayment term that you can afford and won't be charged for making early and faster payments - which in turn could help improve your credit score.

Finding a loan through My Payday Loan Broker can also be more flexible - you can choose the amount you need and the length of time you need it for. The application process is also simpler and much faster. We won't tempt you to borrow more than necessary, so you won't have to pay back more in interest. You can also apply from the comfort of your own home with our fully online application.

Am I Eligible?

To get a quick loan with the help of My Payday Loan Broker, you will need to be at least 18, a UK resident and in part-time or full-time employment. You'll also need a UK based bank account and debit card.

If you think you have a poor credit history, you can check your score for free via Credit Karma. One way to help strengthen this score is to take out credit and pay back the monthly repayment on time or early.

With My Payday Loan Broker, you could be able to borrow up to £2000 - even if you have bad credit. Every application is looked at on an individual basis, and credit files are not the only thing assessed. You don't need to have perfect credit to take out a short-term loan.

Before taking out a short-term loan or a payday loan, consider whether it's the best option for you. A quick loan is not always the best solution: if you can save or if you are taking out new credit to pay existing credit, a short-term loan may be a bad idea and can lead to more serious money problems.

Should you be searching for loans for the unemployed, or loans for people on benefits, quick loans may not be the best option. All our online loan applications are subject to affordability. If you're in long-term financial difficulty, you probably can't guarantee that you'll be able to make the repayments and could end up owing more in the long run. If you think you need help, you can contact companies like Step Change or your local Citizens Advice Bureau for free impartial financial advice.

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How Much Can I Borrow?

Your loan offer depends on how much you can afford to pay back each month or on your payday. Our network of lenders makes sure that they are lending responsibly, and that by borrowing, you are not putting yourself into financial difficulty.

A quick loan can range from £100 to £2000, and you can borrow the funds for up to 2 years. The direct lender will let you know the total repayable amount and the loan term before you sign the loan agreement.

With most lenders, you'll be able to choose to make your repayments weekly, fortnightly, four-weekly or monthly, depending on your pay-dates until you pay the total amount.

How Long Does it Take?

Our application is completely online, so there’s no time-consuming paperwork. The application form is short and simple and can be completed in minutes. Once you're matched with a lender, you'll need to complete their application, and may need to send across some extra documents such as payslips. You should receive your loan the same day of approval, to cover your emergency expense.

How Can We Help With Quick Loans?

My Payday Loan Broker helps you find the perfect lender. We work with over 20 direct lenders, and we'll try to match you with the best options. As our application is online, you can apply at any time.

We'll ask you for a few personal details, your employment information and your income and expenditure. We will then pass your application to the lenders in our panel. If we match you with a lender and they approve your application, you could have the funds you need the same day.

If you have any questions about the application process or need some help, you can contact us by phone or email. Our contact information can all be found here.

What's the Difference Between a Broker and a Direct Lender?

Brokers such as My Payday Loan Broker offer a matching service to help you find the right lender, working with a group of lenders to assist you in getting a loan. A direct lender is a company that will transfer you the funds you need. If you're not approved by a direct lender you may need to spend time searching for an alternative, but we are here to search for you.

People often wonder if quick loans are safe: you can rest assured that all the lenders we work with are regulated by the Financial Conduct Authority (FCA), and are UK based. That means that you'll always be informed of your repayments and the dates, as well as the total amount due, all before you apply. Interest is capped, and you'll never have to pay back more than twice what you borrow.

For peace of mind, you can check if a company is on the FCA register.

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