Quick Loans Online

Quick Loans Online


489.4% APR

Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 191.2% (fixed). Total repayment amount £1726.68 and total interest is £976.68. 12 monthly payments of £143.89. My Financial Broker is a broker, not a lender*.

* As a broker, we are unable to ascertain exactly how many customers take out a loan or the lender’s rate of interest particular to that customer, therefore our calculation is based on the mean APR of our panel of lenders.


According to Raisin, around a quarter of the UK population have less than £1,000 in savings. Without savings to cover an unexpected cost, it can be difficult if you need to pay for something urgently, which is why many people search for quick loans.

Quick short term loans are often used to cover emergency expenses, such as a sudden vet bill or car repairs should your vehicle break down. And in these situations, most people can’t afford to hang around in terms of covering the cost.

What Is A Quick Loan?

A quick loan is a type of credit where it is simple and fast to apply to borrow money. There are many types of loans that can be considered a “quick loan” as they can be paid out in a few hours, such as a payday loan or a doorstep loan. These loans are usually small cash amounts and are repaid within a few weeks or months.

Generally, these fast forms of borrowing are intended for people with a poor credit history, which means they come with higher interest rates. However, this can be relative. With payday loans, for example, as you repay the funds when you next get paid your wages, you’ll probably only be borrowing the money for a few days or weeks. You’ll therefore only pay a couple of days’ or weeks’ worth of interest.

Quick loans are generally short term loans, which can be payday, instalment, bad credit or guarantor loans. As such loans are generally aimed at people with a low credit score, they often act as a way to build up your credit score.


By making repayments early or on time, you’ll be demonstrating to other lenders that you’re able to manage your money well, and they may then lend to you in future. You can also start to build up your credit score by taking out credit and paying it back on the due date or before.

How Quickly Will I Be Approved?

Approval times will vary depending on which lender you apply with. In many cases you can get your application instantly approved provided you meet the right criteria. Quick small loans are likely to be funded faster because the lower loan amount is typically easier to underwritten by a lender.

Applying for a loan is generally fast, as the application is online and requires basic personal details such as your income and your identity.

With My Financial Broker, there is no time consuming paperwork or complicated questions to answer. Simply fill out the necessary fields and we can match you with a lender within minutes!

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. If you’re approved, you should get your money the same day, to cover that emergency expense.

How Fast Can I Get My Money?

When a loan application is accepted, most short term lenders will transfer the money on the same day. To ensure you get your money on the same day, try to apply during business hours. That way, if a manual underwriting team needs to look over your loan application, they should be able to do so quickly.

Provided that your bank supports the Faster Payments Service, then lenders that use Faster Payments are able to transfer your money to you almost instantly, although occasionally it can take up to two hours.

So when we say quick loans, we really mean quick loans! Most short term loan providers aim to pay out funds as soon as possible, as they understand that you’ll probably need the money to cover an emergency cost.

Quick Loans

Getting a Quick Loan With Bad Credit

Even if you have a bad credit score, it is possible to get a fast loan. Having a low credit score and a history of arrears and defaults can make it more difficult to access credit. Payday loans are designed for people with poor credit, who are looking to borrow money quickly.

If you are looking to borrow a larger amount with bad credit, you may consider a guarantor loan, although the process is generally slower than a short term loan due to the time it takes to find someone to cosign the loan agreement.

Will I Be Credit Checked For A Quick Loan?

All applications for “quick loans” in the UK, or any type of consumer credit, must involve a credit check before being approved. During the credit check the lender will assess your current credit commitments, overall credit score, and confirm your identity to prove your creditworthiness.

It is a common misconception that you are able to get some fast loans without being credit checked, but this is not true. Any lender offering this is highly likely to be a scam, and should be avoided.

The application process at My Financial Broker does not include a full credit check, though a soft search may be performed. We will then match you with a lender that is likely to accept your application. However once you select a lender, you should expect your credit report to be searched.

How Much Money Can I Borrow?

Quick payday loan amounts are usually between £300 to £1,500, although many lenders that advertise fast payouts can offer up to £2,000. You can borrow the money between 3 months and up to 2 years.

How much you repay will depend on how much you can afford to pay back each month, or on your payday. Our lenders make sure that they are lending responsibly, and that by borrowing a quick cash loan you are not putting yourself into financial difficulty.

Am I Eligible?

To get a fast 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.

Quick Loans Application

If you do need to take out an emergency loan, My Financial Broker can help! We’ll ask for a few personal details, some information about your income and expenditure, as well as info about your employer, and finally your bank details. You can then sign the terms and conditions, and we’ll do our best to put you in touch with a suitable lender.

Making an application with My Financial Broker won’t impact your credit score, as we only undertake soft credit checks, which are not reported on your credit file. However it should be noted that if you’re matched with a loan provider, they may choose to perform hard credit checks.

You can be assured that there are absolutely no hidden fees or charges when you apply for quick loans with us – our services are completely free for all our customers. To get started, simply click the button below!