Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount £1351.20 and total interest is £601.20. 12 monthly payment of £112.60.** We do not know how many customers take out a loan or the APR, this calculation is based on the mean APR of the lenders we work with
To apply for a 1 hour payday loan, simply select your loan amount and click on the apply now button. This will take you to our online application form where you can enter your details including the loan amount you wish to borrow and how many monthly payments you’d like to repay it in.
Our loan application process is available to be completed 24 hours a day, 7 days a week and is fully functional on mobile, desktop and tablet, all you need is access to the Internet to make an application.
You will receive an instant decision from a direct lender and they will give you the exact total repayment amount. If you choose to apply with the lender, you can proceed with further checks and receive funds within 1 hour is successful.
Should you apply for a 1 hour loan online, you’ll often get a near instant decision. Whilst some 1 hour loan companies will offer loans without a credit check when you apply, remember to check the interest rates before you sign up.
As with any loan, when you are applying for a 1 hour loan, make sure you can afford the repayments before borrowing. If you think you may need third party advice about your financial situation, you can contact companies like Step Change for free.
Responsible direct lenders will complete full credit and affordability checks, among numerous other checks to ensure they are lending responsibly. The good news is that our lending matching capabilities are so fast that we can still offer lenders that offer loans in as little as 1 hour.
Although we pay out our loans quickly once they have been approved, there is a lot going on behind the scenes beforehand. Even if your application is immediately approved, we have still completed numerous checks to make sure you can afford the repayment. We also check that the application is not fraudulent by using industry leading technology to ensure that by paying out the loan we will not be putting you in a position of financial difficulty.
Some applications may be passed through to our manual underwriting team for additional checks: in which case we may request a payslip for example, allowing us to check your employment details. This won’t slow you down though, as this can be sent by email so your application can still be approved the very same day. We will also check your credit file and the figures that you have provided us with regards to your income and expenditure.
You can only get an hour loan from a high street bank if your bank offers this service and if you have one of their current accounts, as this would make it much easier for them to transfer the money into your bank quickly. Some banks can take up to 3 days to transfer the funds.
You can only get 1 hour loans online from your bank if they offer this service. Again, you’d need to have a current account with them, so that they can transfer the money into this account as speedily as possible.
This is very rare, but a high street loan company may be able to pay the money out within an hour if you’re able to get to one of their offices in this time to pick up the money.
Some payday loan companies now have the capabilities to get the funds into your account within 1 hour, but they may charge you for this service. Check with the lender to ensure it's free of charge or if extra charges could be added onto your loan. It’s also important to check to see if you’re applying for a 1 hour loan though a direct lender, or through a broker.
Our panel of lenders offer fast payday loans online, and we won’t charge you any fees or credit check you for applying.
Some direct lenders, once you have registered with them, don’t require you to use a desktop and allow you to apply from your mobile. They are often very quick at transferring the money into your account, usually within 1 hour.
Another type of quick short term loan is an instalment loan. These are repaid over a few months rather than in one full payment like a payday loan. Instalment loans are usually intended for larger expenses as you can spread the cost.
If approved for an instalment or payday loan, most lenders will aim to get your money into your account within 1 hour. If you’ve had an unexpected expense and are looking to take out a short term loan, you can find out more about our loan eligibility criteria.
Before you take out a one hour loan, you need to ask yourself whether borrowing the money is the right thing for you. If you can cut down on your spending or put off buying something until you’ve saved for it, do that first before calling on applying. If you are borrowing money to make repayments on other loans and debts, you may be in a vicious circle and it might not be the best thing to do and you should seek advice and guidance. Your local Citizens Advice Bureau will be able to offer help if needed.Apply Now