Compare the fastest same day loans lenders in the UK. Do you need fast cash and have nowhere else to turn? Every payday lender on this site offers same day loans, and if accepted you will have the loan within 24 hours. A same day loan is effectively a payday loan, payday loan lenders and brokers are the only companies in the UK who can offer an instant loan within 24 hours. Compare the range of payday lenders below on the loans that they offer. You can either click on ‘more info’ to get a full run down on the service that they provide, or else click on the apply button to be taken straight through to the same day loan companies website.
If you haven’t applied for a sameday loan before, it would be wise to read our hints and tips guide below the comparison table. It could help you in getting accepted for that much needed loan.
| LENDER | TYPE | MORE INFO | LOAN AMOUNT AVAILABLE | BENEFITS | ID REQUIRED | DEBIT CARD REQUIRED | CREDIT CHECK | APPLY |
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Payday UK | Lender | More Info | £80-£750 | • Good Customer Services • Simple Application • Weekend Funding | Bank and debit card details | Yes |  |  |
| Payday loans from £80 - £750. Quick and easy online application and decision within a minute. Majority of applications do not require any documents to be faxed. You now have the option to have your money transferred on the same day.£125 repaid for every £100 borrowed / Representative 1,737.2% APR |
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Payday Bank | Broker | More Info | £80-£750 | • High Acceptance Rates • Accept Poor Credit Applicants • Roll Over Up to 2 Month | No documents required | No |  |  |
| Can borrow up to £750. Accept MORE applications than any other payday company. 2 minute application and instant decision. Same day cash available. No paperwork required. Bad credit does not affect loan approval. Can rollover payday loan to multiple pay periods. Payday Bank are possibly the largest payday company in the UK, they have the highest acceptance rate for those with bad credit and due to their size are able to get you your payday loan straight to your bank account within hours. £125 repaid for every £100 borrowed / Representative 1,286% APR | ||||||||
Gatekey Lending UK | Broker | More Info | £50 - £1,000 | • Instant Decision • Weekend Funding • Quickest 1 page payday application | Personal and Employment details | Dependent on Lendenr | | |
| Can borrow up to to £1,000. Do not worry if you have a poor credit history or a low credit rating due to CCJs. Unlike other loan providers, they will provide a payday loan regardless of your credit history. They have the quickest 1 page online application amongst all payday lenders. So if you want to know right away if you will be accepted or not, and require access to instant funds up to £1,000, try Gatekey Lending UK. Representative 1,737% APR | ||||||||
Payday Express | Lender | More Info | £80-£800 | • Good Customer Services | Generally not required | Yes | | |
| Can borrow £80 - £800. Simple online application with an instant decision. Same day cash transfers before 4pm. They charge £20 for every £80 borrowed. £125 repaid for every £100 borrowed / Representative 1,737.2% APR |
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QuickQuid Payday | lender | More Info | Up To £1,500 | • Good Customer Services • Simple Application | No-nothing to fax, no paperwork to post | No | | |
| Accept poor credit applicants. No fax, no paperwork required. 5 minute application. Can borrow over 2 pay periods and apply for a loan extension. £120 - £129.50 repaid for every £100 borrowed / Representative 2,278% APR | ||||||||
Speedy Payday Loan | Broker | More Info | £100 - £1,500 | • Accept Poor Credit Applicants | Personal details, income information and I.D. details | Yes | | |
| Speedy payday loans offers Payday loans anywhere from £100 - £1,500, due upon the individuals next pay date. Taking out a loan from a bank can be time consuming and require heavy paperwork. Speedy payday loans can provide you with the money you need without any delay or hassle. No faxing of documents required. Representative APR dependent on lender | ||||||||
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Tips on applying for a same day loan
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Although you may be in a rush to get a same day loan, it would be wise to spend just five minutes on comparing the lenders and brokers available to ensure that you get the best deal.
First of all be realistic on the amount that you borrow. Most sameday lenders will base the loan that they are willing to offer on your net disposable income. Net disposable income is the income you have left after all essential bills are paid i.e. council tax, rent food etc. There would be no point applying for a same day loan for £1,500 if you only have a monthly net disposable income of £1,000. If you do the sums right here you are less likely to be declined.
A number of sameday lenders will charge you a fixed rate of interest till the end of the month while other lenders will allow you to repay the loan early and in turn will charge less interest.
Some same day lenders allow you to borrow your loan over multiple pay periods. This can definitely make your loan more affordable however, you will end up paying more in interest payments over the length of the loan term.
If you have poor credit or have recently missed repaying any credit commitments, your same day loan is more likely to be accepted by a sameday broker than a sameday lender. This is because same day brokers have access to adverse credit lenders who are more likely to accept those with a poor credit rating.
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What are the criteria for being accepted for a same day loan?
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Most same day loan companies have the same minimal criteria. They usually are
- That you are a UK resident
- 18 years of age and over
- And lastly, that you are in regular employment
You will however find that some companies will have minimum income criteria. This can usually range from between £300 to £700 per month.
If you are self-employed, unemployed, on job seekers allowance or on benefits, Provident Financial are the only lender who would be willing to lend to you and they don’t provide a same day service.
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The process of applying for a same day loan
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So you are in need of a quick loan but how do you go about getting the cash? Well, first of all you have to decide what company you are going to use. All the relevant information that you require can be found on this site. Once that decision has been made you will be taken to the relevant same day lender or broker’s website by clicking on the apply button or banner.
Most same day companies will have a wealth of information on the site with regards to all the charges, such as same day transfer costs and the representative APR. It would also be wise to read the terms and conditions of your loan so that you know what you are signing up for!
Once you are happy with everything, all that you need to do is complete the online application. Most sameday loan applications will only take you a maximum of five minutes to complete. The majority of sameday lenders will tell you within the hour if you have been accepted or not, you will also be informed of the value of the instant loan they are willing to lend you.
Lastly, you will have to complete some form of e-declaration. This is the same day lenders agreement stating the terms and conditions of the loan. Completing the e-declaration is the same as a physical signature on a loan agreement and is legally binding.
Depending on what option you selected you will either have the cash within the hour or 24 hours
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Repaying the instant loan
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All same day loan lenders and brokers will either offer one of the following ways to pay back your loan
- They will set up a direct debit to withdraw funds from your bank account on a pre-determined date
- Or, they will receive the funds back by charging your debit card
Please be aware that if you feel that you will struggle to repay your loan, it is best to contact the same day loan company as soon as possible to work out a solution to your problem. It is never wise to hide from the situation as you will likely encounter additional fees. Some same day lenders will allow you to defer the capital element of your loan with only paying the interest part on the due date however, all lenders and brokers are different and it would be wise to check their procedure before applying.
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Are there options available other than a same day loan?
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This would all depend on your current situation. Most individuals who are looking for instant cash may have exhausted all other avenues.
- Friends and family – This could be the most cost effective option to obtain quick cash as most friends and family won’t charge you for the favour.
- Your bank – You may find your bank willing to lend you money but the whole process usually takes at least a week. Most banks allow you to apply for a loan online or by telephone banking however, you are likely to have to wait for documents to be posted to you, they will then need to be signed, posted back and then processed.
- Credit Card- If you have available balance on your credit card then this could be a cheaper option (if you repay by the next month!). If however, you have to apply for a new credit card then it may take at least a week to receive your new credit card in the post.
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Making the decision to obtain a same day loan
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Hopefully we have provided you with enough information in order for you to make a decision as to whether a same day loan is for you. If you have any questions with regards to this site or on same day loans in general please use the contact us page to make an enquiry.
