Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
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Same Day Loans

No matter how well you plan your budget, due to unforeseen circumstances, you may find yourself experiencing money problems. 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. Short term loans regulated by the Financial Conduct Authority offer responsible lending supporting those eligible and in need.

How To Get A Same Day Loan

Quick cash advances can be necessary if you don't have enough money saved. This means you'll need to find an authorised and regulated 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 where you will be able to apply for a same day loan. My Payday Loan Broker understands the unique requirements of different customers and aims to select the most compatible lender for your loan amount, credit history amongst other criteria. 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.

Many FCA authorised High-cost short-term lenders are focusing on a customer's current situation rather than credit checks, which means you might be eligible for a loan even with bad credit. However, finding the most suitable lender for your needs can be a difficult and time-consuming task. During a financial emergency, this can be particularly stressful, this is why we provide you with the opportunity to find the best loans deals. We only work with ethical and responsible lenders who cover a huge variety of circumstances.

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. Furthermore, many direct lenders also offer loans for individuals with bad credit or who do not have a guarantor.

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 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 be putting yourself in further financial difficulty as loan repayments may be too high in your case Moreover, late repayment can cause you serious money problems. 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 be 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 withh Noddle.

It is possible to have a thin credit file— where you don't have much of a credit history because you haven't borrowed large sums or anything in the past. This means that lenders cannot judge how creditworthy you are, 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.