The Money Advice Service have found that 40% of adults will not have £500 or more in savings in an emergency to cover an unexpected expense. Quick loans can help to cover these unforeseen expenses, and you should receive the money the same day you applied.
To get a quick loan with the help of My Financial Loan Broker, you will need to be at least 18, a UK resident and in part time or full time employment. You’ll also need a UK based bank account and debit card. If you think you’ve got bad credit, you may still be eligible for a quick loan, as the lenders we work with don’t expect your credit history to be perfect.
Before you take out a short term loan or a payday loan, you do need to consider whether it’s the best option for you. A quick loan is not always the best solution: if you are able to save or if you are taking out credit to pay credit, a short term loan may be a bad idea. If you think you need help, you can contact Step Change for free impartial financial advice.
This will depend on how much you can afford to pay back each month or on your payday. Our pool of lenders make sure that they are lending responsibly, and that by borrowing, you are not putting yourself into financial difficulty.
A quick loan can be from £500 to £5000, and you can borrow the funds for up to 5 years.
Our application is completely online, so there is no time consuming paperwork. The application for a quick loan is short and simple. Once you’re matched with a lender, you’ll need to complete their application, and may need to send across a document like your payslip. You should get your quick loan the same day, to cover that emergency expense.
My Financial Loan Broker helps you find the perfect lender. We work with over 20 direct lenders, and we’ll try to match you with the best option for you. As our application is online, you can apply at any time, and if we match you with a lender and they approve your application, you could have the funds you need the same day.
Brokers such as My Financial Loan Broker offer a matching service to help you find the right lender, working with a group of lenders to assist you in getting a loan. A direct lender are the company that will transfer you the funds you need. If you’re not approved by a direct lender you may need to spend time searching for an alternative, but we are here to search for you.