Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

How to Get a Same Day Loan UK

If approved, your loan can be sent to you within minutes*

With over 50 direct lenders in our network to compare, we aim to find you the best loan offer available.

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When you search for a loan with us, a soft search will be carried out on your credit file to match you with the most suitable offer. All lenders on our panel are authorised by the FCA and will conduct a hard credit check if you proceed to take out a loan with them.

Representative Example: £400 loan repayable over 39 weeks at £18.96 per week, Rate of interest 113.46% p.a fixed; Representative 498.78% APR, Total amount payable is £739.44.

We're a fully regulated and authorised credit broker and not a lender.

We work with over 50 lenders to help you find the best loan possible.
We never charge you for our service.

Can you get a loan the same day?

Yes, you can! These loans are often referred to as same day loans. They are type of short term loan where after the application, the borrowed amount is deposited into the borrowers account the same day as the application. You can get an instant loan for small amounts pretty fast, but remember, they are not designed as a long term solution for finance issues. The monthly repayments are usually very affordable when speaking of small loan amounts, and many lenders are quite flexible when it comes to early repayment or even rolling over the loans to pay over a slightly longer period than originally planned. Keep in mind though, that just like any other loans, same day loans are subject to checks. Please be honest about your situation and complete the form with the required information truthfully.

What is a same-day loan?

Life doesn’t always go to plan. Car breakdowns and boiler repairs are some of life's inconveniences that we cannot predict or ignore. If you find yourself in a financial emergency, a same day loan may be the answer to your need. It is quick and easy to apply for a same day loan so you will be back on your feet in no time.

Same day loans are offered to individuals who need a quick financial fix to an unexpected pay-out.

When you have an urgent bill to pay, an application for same day.loans can be approved within a few minutes and you will get the money within 24 hours. Unlike the more traditional loans from banks, they do not involve a lengthy application process. Same day loans and pay.day loans are similar in nature, but same day loans can also be short term loans, where you don't need to pay bay the money you owe as fast as with a payday loan uk.

Can you get a loan instantly?

Same day loans and instant loans are very similar. There is very little time between the application and the amount appearing in your bank account. Also, instant also refers to the lender's instant decision whether to lend to you or not. This type of loan is very popular in the UK. Whether you are searching for an instant loan or same day loans, Loanza can help! We have the best lenders on our panel in the UK, and whenever you need, we are here to assist you.

How to Get Same Day Loans UK

Simply fill an application online, and if approved you will receive the money that very same day!

A majority of lenders provide online application forms to their customers. When applying, you should ensure that:

  • You are at least 18 years old
  • Have a steady income
  • Have an active UK bank account and
  • Be a resident of the United Kingdom

To qualify, you must meet the above requirements. The lender will ask for some employment, financial, and personal information from you. Such as a valid email address, phone number, and details of your debit card and bank account.

How to apply for a Loanza same day loan?

All you need to do is click Apply Now, fill in our 2-minute application form, and wait to get connected to a lender. Then, finalise the loan agreement with the lender and get your cash in an instant. We don't charge any fees, our process is fast and easy, and you are free from obligations.

Looking for a same day loan?

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Things to Check When Applying For Same Day Loans…

Before going ahead, make sure you understand what you are getting yourself into. It is recommended that you first read and understand the terms and conditions of the loan. If you do not understand the terms in the contract, you should contact the lender for clarity.

You should also check the amount offered. Choose a lender who can offer you an amount that will be enough to cover your emergency costs.

Most same day loan lenders will charge between 2% and 3% processing fee. You should take note of the processing charges. This amount will be deducted from the money that you receive. You should also find out if there are any other charges before applying for it.

Applying over the weekend? Check that the lender will transfer the money on a weekend day. Some lenders will only pay-out on the next working day.

Are There Different Types of Same Day Loans?

The main difference between payday loans is the loan term and the amount of loan that a person is borrowing. This will all depend on the lender and the person borrowing. The competition among lenders shows that these loans are in demand.

Some of the same day loans are ideal for individuals with good credit scores. Some are better for those with a bad credit rating. Others are best-suited for those without guarantors. Compare same day loans online and find the best one suited to you.

Where Can you Apply for Same Day Loans?

You can either apply for same day loans online or in person. If you prefer to apply in person, the application process will be different from the one done online.

When applying for a loan in a high street lending store, customer care may help you in filling out your form. Most borrowers prefer to apply online because it is more convenient.

If you need the easiest application for same day loans, just go ahead and click one of our big orange buttons and get started with your application right now! You could receive the money in your account within minutes if approved.

At Loanza we can connect you to a wide range of lenders offering short term loans that can be paid the same day in the UK. Our application form takes only 2 minutes to fill, and you can rely on our free, trusted service. No need to go from lender to lender trying to find the best deal, risking to have multiple credit checks on your file. With one easy form we can help you find a lender who will likely fund your loan request.

What are the best same day loans?

The best same day loans are the ones with reasonable interest rates, reliable service with legit, trustworthy lenders. We collected some tips for you at the end of the article on what to watch out for. But, the good news is, if you apply through Loanza, you don't even need to worry about these things, and doing all those checks. We only work with reliable, FCA approved lenders, so you are in safe hands if you use our free service to get connected to a direct lender.

Looking for a same day loan?

We can connect you to a lender in minutes, even if you have bad credit.

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How Quickly Should You Pay Back the Loan?

You should receive a payment schedule indicating when the payments are due. If you apply for a loan over a period of three months, you will need to make your repayments for at least three months after the day when the loan was approved.

You may choose to repay the loan earlier or make extra payments to speed up the process. Speeding up the repayment process will clear your debt faster. It can also reduce the interest fees that you pay. We would recommend that you check your agreement before making those early payments.

Can I Get A Good Deal on Same Day Loans?

You can find quite a lot of reputable same day lenders. They do not always perform a hard credit check however you will need to prove your ability to repay the loan. You may be considered a high-risk borrower which in turn may lead to you paying a high-interest rate. It's good to do market research before taking out a loan. You may find out there are lenders offering loans at a lesser interest rate than others. At Loanza, we can help you find the loan that best suit your needs in a fast and simple way.

How Do Same Day Loans Impact on Your Credit Rating?

If you make on-time payments, your credit record will show that you have repaid the loan. Unfortunately, if you fail to repay the loan on time, your credit record will show missed payments. This will affect your credit history.

If you are unable to repay the loan, you need to contact your lender. Sometimes they offer an alternative repayment method. You can also make payments using your credit card.

You can clear your outstanding debt using a personal loan or take a same day payday loan online. This will help to avoid any missed payments and a bad credit rating.

How long do same day loans stay on credit report?

A soft search, - one carried out by Loanza and other brokers - even though it doesn’t affect your credit score, will show on your credit file. A hard credit check for any loan will stay on your report for 12 months, visible to other lenders. Missed or late repayments, however, as with every other loan type, will stay on your report for 6 years. If you’re experiencing difficulties making your repayments, contact your lender before you end up with a late payment on your file. 

What should I watch out for when applying for same day loans?

With any kind of loan application, including loan same day, you need to make sure your lender or broker is legitimate and trustworthy. They have to be authorised and regulated by the financial conduct authority fca. Check the interest rate they offer, and also the representative example. To be absolutely sure, you can search the lender or broker's trading name on the financial conduct authority website. The address of the registered office should be disclosed by the direct lenders and brokers as well. Scotland, England and Wales company number should be safe, since you need cash loans funding in the UK.

Final Thoughts…

Same day loans can be a lifesaver in financial emergencies, however, there are a few things you need to consider before borrowing.

  • Shop around
  • Don’t over-borrow
  • Understand the terms and conditions
  • Answer honestly

Remember our Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Looking for a same day loan?

We can connect you to a lender in minutes, even if you have bad credit.

Apply Now