Applying for quick loans in the UK at Loan Bird is as easy as 1 2 3!
Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).
Step One - Apply
Applying for quick loans online takes just a few minutes. Select the loan you need, how long you need to repay it.
Step Two - Decision
Submit your information and for near-instant decisions from our trusted partner lenders. Simply choose the best deal.
Step Three - Cash
Once you’ve accepted the loan agreement, the money can be in your bank account in as little as 10 minutes!
Understanding A Quick Loan And How They Can Be Useful
Get Quick Loans in the UK
Quick loans can be a lifesaver in emergency situations where you’re faced with an unexpected bill. Thanks to advances in technology, it’s easy to find quick loans in the UK, but you don’t always get the best deal when you’re in a rush. Here at LoanBird, we’re here to make sure you find the best quick loans online so you can get the cash you need, when you need it, and don’t have to pay over the odds.
When you’re in a rush and need quick loans in the UK, you don’t often have the luxury of shopping around for the best deals. Going from direct lender to direct lender is a hassle you don’t need when you’re already in a stressful situation. And if you need quick loans for bad credit, it’s even worse. Not only does filling out a new application form after being turned down take up your time, but multiple applications, and the hard search credit checks that go along with them, can damage your credit rating further.
At LoanBird, we’ll help you find the best deals on quick loans in the UK. We’ll match you up with the best quick cash loans from a panel of over 30 FCA authorised lenders. You’ll already have pre-approval for all the quick loans in the UK that we show to you, so you can choose from them confident with your changes. And we do it all without leaving a mark on your credit report.
The way it works is simple: we’re an FCA authorised broker with a difference – our services are completely FREE to use! You only need to fill out one simple application form, which saves you hours of time spent going to different lenders, protects your credit score and still ensures you get the best deal. Ready to get started? Click the Apply Now button!
Quick Loans for Bad Credit
With access to a huge range of quick loans online through our easy and free comparison tool, the world of finance is at your disposal. Whether you need quick loans in the UK, are looking for guarantor loans or would benefit from a personal loan, we can help.
And the best part of it is you don’t need to waste your time reading up on the differences between different types of quick loans in the UK. It’s confusing, and it doesn’t really matter – what matters is your needs. Simply let us know how much you need to borrow and how long you’ll need to repay it. We’ll iron out the details for you and match you with the best loan type for your needs.
If you’re looking for quick cash loans and don’t have the best credit score, you don’t need to worry. We offer many quick loans for bad credit, and we’ll only show you those that you’re most likely to be approved for.
You’ll already have pre-approval for these loans so you can have confidence moving forward that you aren’t wasting your time. Of course, we can’t guarantee that every loan application will be approved, but our pre-approval method gives you much higher chances than going in blind. It’s important that all the information you provide us with is correct – otherwise your application could be slowed down or turned down completely. We successfully match an incredibly high number of people with quick loans online, are help 8 out of 10 applicants find a quick loan for bad credit.
You can further increase your chances of being approved for quick loans in the UK by only applying for loans you’re sure you can afford. Many of our lenders assess based on affordability, which is why they’re able to offer quick loans for bad credit. They’ll look at your income and regular outgoings to ensure you can cover the repayments on your quick loans, and importantly, have extra money left over for living expenses. This is fantastic, because it reduces the number of borrowers who default on their loans, which can have serious consequences for their credit ratings.
Can You Get Payday Quick Loans in the UK?
We’ve made it our mission to try to help as many people as possible get access to quick loans online, even with a low credit rating. You’re welcome to apply for our quick loans for bad credit as long as you meet the following simple eligibility criteria:
- At least 18 years of age
- A resident in the UK
- Hold a UK bank account with a valid debit card
- Receive a regular income
Your income can come from full or part time employment or self-employment; some lenders are also happy to lend quick loans in the UK to people with a benefits-only income. You will need to be able to provide evidence of your eligibility, and it might be useful to have your last few months’ worth of bank statements ready. This is in case your lender needs them to assess your affordability.
Can you explain the term “bad credit” quickly?
Bad credit is a situation where an individual fails to pay his/her borrowed credit. Customers find themselves in a place where they’re unable to make necessary payments to lenders, thus earning them a negative credit score.
Having a history of defaulting on payments usually means you are likely to continue this habit in the future. This is where your credit score comes into play so the lender can conduct a quick assessment.
One must remember not to confuse bad debt with bad credit. Bad debt is regarding those who have fallen into some sort of debt repayment plan or write off. The chances of obtaining a loan with bad debt are pretty non-existent, unless you look at a guarantor loan.
Do your lenders carry out a credit check on a quick loan?
Yes, you will normally go through the process of a credit check if a lender offers you a quick loan. The reason why is obviously really.
A credit score is a rating given to judge your creditworthiness based on your ability and frequency to pay back a loan. Having this rating is quite a crucial step for any lender. It determines what type of loan (rates etc.) they can offer you, the lower the score the better the rates.
How Does the Process of Quick Loan Work?
Quick loans are ordinarily applied for via the web as this offers a swift approach to submitting your application. This method typically works faster than other traditional loan options. If the application is successful, then you might receive the loan as quick as 24 hours. In some cases, it can only take around an hour to deposit.
The process is as follows:
- When you first apply for a loan, your application goes under the review process by the lender
- They review your situation (reason for needing the loan, check affordability)
- The lender then checks your creditworthiness
- If you’re offered the loan, a confirmation email/letter is sent with a copy of your agreement to sign
- The lender then makes the payment to the receiving bank
Your agreement will set out the terms of the loan, applicable interest rate and the period of repayments. Any charges or fees will also be addressed for any late payments.
Can I Get A Quick Payday Loan with Any Lender?
One popular type of loan you can get quickly is a payday loan, there’s also a fruitful supply of lenders to apply with. Before going into how you can apply, one needs to understand what quick payday loans are, who direct lenders are and how they are both interconnected.
What are quick payday loans?
A quick payday loan is based on a small amount of borrowing, also known as cash advance loans. Lenders are usually less focused on your credit rating and more so on your current financial condition. It is supposed to be paid back when you get your next payment from work.
Points to remember when seeking a quick payday loan:
- They mostly operate on high-interest rates and are given for a short time period
- Since they have a high cost associated with them, it is not advisable to use them for a long-term basis
- If you need to use one for a higher-cost purchase, you will have longer high interest repayments
- Try to only take out these loans for financial emergencies
- Use approved credit brokers & lenders
How “quick” is a quick loan with a direct lender?
It can be time-consuming considering the amount of effort one has to put in before qualifying for a loan with each lender. It’s always wise to pre-inform yourself on who to approach and who to avoid, so you select the best lender to your requirements. For example, if for some reason one lender refuses, then you’ll have to start the whole process again with another lender.
However, if you find the right lender the process can be wrapped up pretty quickly, as some lenders do offer same day payday loans.
A direct lender is a financial institution which decides whether you are suitable for a loan or not. This is obviously after checking your credit rating report. If they find it satisfactory, they will then process the loan directly to you.
There are different types of lenders meaning, different guidelines, loaning amounts and time frames.
How Can I Get A Quick Loan Online?
A quick loan online can be acquired through a number of brokers and lenders websites. As a broker ourselves, we understand that every visitor expects a fast-online service. That’s why we’ve adopted a platform to deliver a loan decision in seconds.
You can apply online at anytime, anywhere and on any device. We’ve made our application form available on the internet 24/7, including holidays and weekends.
What happens once I’ve applied for a quick loan with you?
- Your application is sent to many prospective lenders who quickly review your application
- You’ll then hold on for a few seconds to get an approval
- Once a decision has been made, you are presented with some options
- It’s then up to you to decide to go ahead with the lender or not
What are the typical terms with your online lenders?
Our online lenders terms and rates will always be clear to you before you agree to any loan. As we have access to a nationwide lending panel, we conduct an in-depth search with these lenders for you. These results will then address a brief overview of the lenders terms.
When applying for a quick loan, you should always check the terms set out in your agreement adhere to what you’re happy with.
These main terms usually include:
- The APR – though this depends on the lender and varies from one to another, there is an interest rate cap. So, for your own piece of mind check the lender is using the correct APR
- The financial charges – what it costs you to borrow and any late fees
- The total amount that is owed
- The duration of the loan term and the relevant period
- What your renewal options are and what kind of extension plans are available for you
- The consequences if you fail to repay the loan by the predetermined repayment date
- A cooling off period
(Your lender will obviously set out a more detailed set of terms)
What Do I Need to Be Careful of When Applying Online?
You need to be careful when applying online. It’s been known that certain brokers charge you to search for a loan, stay away from these. Also, you should thoroughly check the clauses and be mindful of all the terms that you are agreeing to.
Once you do receive your loan, you need to use the money responsibly. For example, use it to clear your debts or to cater to any urgent expenses. Also, make sure you pay the loan back on time, it’s important to build a good reputation with your lender. This will mean any future dealings will work in your favour.
What Is a Quick Loan with No Guarantor?
A quick loan with no guarantor basically operates in the completely opposite way of a guarantor loan. It’s a loan that is ensures you don’t need a guarantor tied to you to pay your loan for you. This loan type offers a quick response as you don’t need additional people to co-sign on your agreement. Needing a guarantor can result in a lot of back and forth activity.
Better still, not requiring a guarantor means avoiding the hassle of further paperwork.
Anyone can apply for a no guarantor loan with LoanBird, even if you have a poor credit rating. If you know you can’t get a loan off your own accord then a guarantor would be the next option.
Concluding Quick Loans with LoanBird
If you’ve searched for a quick loan, you’re in the right place. Our versatile lending facility has been designed to help out people with good or bad credit.
We have a speedy application process that ensures you get a fast decision, also aiming to get your loan approved on the same day.
Most of our lenders now only require an e-signature, thus meaning the transfer of your funds is quicker.
Apply for Quick Payday Loans and More
Our application process is super quick and easy. This means you can get quick loans online in a rush, and still have enough time to do your homework and be confident that you’re making the right decision.
You can fill out our application from your computer, tablet or mobile phone, and you can do it on the go from anywhere that you have access to the internet. The application form should only take a few minutes, but it is important to take the time to make sure all the information is correct – this will save you delays further down the line.
Once you’ve completed the form, our super-fast technology will tell you near-instantly what the best quick cash loans for your needs are. Choosing them is as simple as selecting the best deal; all lenders are FCA authorised, trusted lenders of quick loans in the UK so you can be confident with any decision you make.
It’s important to read your terms and conditions, as they contain a lot of important information about your loan. After you’ve been approved and accepted them, the money from your same day loan can be in your bank account within just 10 minutes!
Get Quick Cash Loans Today
We understand how overwhelming it can be to look for quick loans online, and that’s why we’re here. Join the many happy people we’ve already helped to find quick loans for bad credit with no stress and no fuss. We save you time and hassle in finding the right quick payday loans in the UK, ensuring you get the best deal possible with no risk of damaging your credit score in the process. It’s quick, easy and FREE!
If you have any questions or need more information before you submit your application, it’s quick and easy to contact LoanBird online. Once you’re confident that our fast and free services are the best way to find quick loans in the UK, all that’s left to do is apply!
Quick Loan FAQs
Are Your Quick Loan Lenders Trustworthy to Use?
We only connect you with FCA approved lenders of quick loans to ensure you have the best choices available. We are an FCA authorised credit broker, so we only work alongside trustworthy, reliable direct lenders. As a customer, you can be assured your application will be treated fairly no matter if you have good or bad credit and will closely match the loan terms you’re looking for. With so many lenders available online, it can be difficult to tell which lenders are trusted, so by using our FREE search, you’ll always be connected to responsible lenders.
Do I Have to Have a Bank Account to Get a Quick Loan?
It is requirement to have a bank account to be able to apply for a quick loan through us. The loan amount you require, even if it is for a smaller amount such as a £100 loan, has to be paid into a valid bank account when approved. This is so the loan pay-out is secure and is delivered to the correct applicant. You should be wary of any online lenders offering cash loans that do not require a bank account as they will not be following responsible lending guidelines. Paying into your bank account is also much faster than receiving a cash pay-out, with some applicants receiving the loan within 10 minutes of signing.
Am I Limited to How Much I Can Borrow with Quick Loans in the UK?
Depending on the type of loan you choose, you can apply for quick loans online up to £15,000. Some of the lenders we can connect you with may limit how much you can borrow, for example, a maximum of £3,000 as well as the repayment term. When you fill in our application form, all you have to do is tell us how much you want to borrow and we’ll match you to the lenders who are able to do so, filtering out the ones who cannot offer the amount you want.