Most people turning to a payday lender have a good reason for needing the money. This is why we have stripped away any unnecessary parts of the process, so you can complete the application quickly and get an instant decision. If you’re eligible for your chosen quick loan, then you will be shown the best deal currently available for you. If you accept the loan offer, the money will usually be in your bank account in a matter of minutes.

Sometimes an applicant with bad credit or unusual circumstances might be required to have a guarantor to secure the loan. This can take a little longer but is still relatively quick. The only other aspect beyond our control is your bank’s internal systems. These are the main reason we quote a time of ten minutes* to receive your loan because while we will transfer the money virtually immediately, there can be a short delay while your bank processes the payment.

Smartphones are increasingly being used for online shopping, banking, and even loan applications. They offer an excellent level of security and are a convenient way for many people to apply for their quick loan. Modern websites are designed in a way that provides just as good an experience for mobile users as someone using a tablet or computer. Some people may have security concerns about using a mobile device to apply for a quick loan. However, if your phone has the latest version of the manufacturer’s software and is connected via the cellular network or secure Wi-Fi connection (like you’ll have in your home), then the built-in security is more than enough.

We will endeavour to get the cash into your bank as quickly as possible. Once you’ve received an instant decision that says your eligible, you can accept the loan offer. The money will be transferred virtually immediately after you’ve accepted the offer. Most of our customers have their cash within a matter of minutes, but there can sometimes be variable that are beyond our control, such as your bank’s internal systems. However, even the slowest banks are still relatively quick. We have shortened every part of the application process, so you only have to worry about the bare essentials.

The quickest type of loan you can apply for is a payday loan. While payday loans initially received a lot of bad press, the introduction of FCA (Financial Conduct Authority) regulations and guidelines has eliminated the cowboy companies that were charging outlandish interest rates with unrealistic repayment terms. Every direct lender on our panel is a licensed and reputable lender that abides by the FCA’s regulatory and ethical guidelines. This provides consumers with an increased level of protection against unscrupulous companies.

Payday loan rates can still look high in comparison to traditional loans. This is often because of the short-term nature of the loans, giving the lender a short amount of time to make a profit. However, any sort of borrowing can start to become a lot more expensive if you fail to meet the agreed repayments. This is why it’s essential to be realistic when selecting your repayment terms. It’s also important to communicate with your lender if you’re experiencing any difficulty in making the payments.

Payday loans are available for people with bad credit. Our panel of lenders is deliberately made up of a range of lenders that offer a variety of terms. This allows us to provide credit to the broadest range of customers. Some reasons for a bad credit score are genuine mistakes or one-off situations that have been resolved. We don’t think it’s fair to punish you for years by denying you access to the loan market when you might be in need of a little extra money. Depending on your situation, some lenders will charge a higher rate of interest to borrowers with a low credit score, which they see as a direct reflection of the increased risk they are taking. With our service, even those with bad credit know they are getting the best rates available to them at that time.

If you apply for a quick loan, accept the loan offer, then make all the scheduled payments as agreed, a payday loan should only help to improve your credit rating.