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Same Day Loans

When you're in need of a cash loan in the event of an emergency, you can apply for a same day loan to help you cover the cost. If you can't get to work because of a breakdown and you cannot get to work any other way, you'll need a quick solution. Many banks and high street lenders cannot offer you money on the same day, however many payday and short-term lenders can.

How To Get A Same Day Loan

Quick cash advances can be necessary if you don't have the money saved, so you'll need to find a lender that will be able to help you. Simply use the sliders to select the amount that you'd like, fill in our short application form and we'll try to match you with a suitable lender. Once you've been paired with a lender, you'll need to provide a few more details and if approved, you could get your money on the same day.

How Much Can I Borrow?

My Payday Loan Broker can help you find a short-term loan between £100 and £2000 and you can borrow the money for up to 2 years. Once we've found you a direct lender they will let you know the amount you'll be repaying and when you'll need to pay it.

Some short-term lenders like PiggyBank have flexible repayment options including weekly, fortnightly, and monthly. You can even choose the exact repayment dates that suit you.

Am I Eligible For A Same Day Loan?

To apply for an instalment or payday loan you will need to be aged 18 or over and a UK resident. You will also need to be in part or full-time employment. If your application is successful you'll need to own a bank account for the lender to pay into.

No lender can guarantee a loan approval, so many short-term lenders will also request more details such as a wage slip to ensure that they are lending responsibly. If you cannot afford the repayment, the lender will not approve your application. If you want to check to see if you can afford the repayment, try this budget planner .

If you're unsure whether a payday loan is right for you, consider whether you can use savings or budget more stringently instead. If you are borrowing money to repay other debt you may putting yourself in further financial difficulty. To receive free financial advice you can contact the debt charity Step Change for assistance.

Can I Get A Same Day Loan With Bad Credit?

Many people apply for payday loans because they cannot get access to credit elsewhere. This may because they need the cash fast or due to having a poor credit history. You may have a bad credit score for a variety of reasons, such as going into arrears with your rent or having a County Court Judgement (CCJ). Your previous six years of credit history will stay on your credit file, which will be accessed by lenders when you apply for a loan. If you want to look at your credit score, you can do so for free with Noddle.

It is possible to have a thin credit file— where you don't much of a credit history because you haven't borrowed much or anything in the past. This means that lenders cannot judge how creditworthy you may, so it will negatively affect your chances of being approved.

Many payday lenders will look at your recent credit history rather than what happened 5 or 6 years ago. On top of that, lenders also take into account your income and your monthly outgoings too. Even if you don't have a perfect credit score, if you can afford the repayments then a lender is more likely to accept your application.