Emergency Loans Online

For Everyday Lives

The maximum amount you can borrow from us with emergency loans is £800 if you are a new customer. We need to ensure you can repay a loan through us successfully first before you will be eligible to apply for higher values. Once you have become a trusted customer, we are happy to consider same day loans for values up to £2,000. Whilst we are happy to provide higher value loans, we don’t encourage you to apply for more than you need to borrow. Representative example: Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.

Hopefully, any emergencies that arise for you will be few and far between, however, if you have already had an emergency loan through us, you may be able to borrow again. If you have successfully paid off your first loan with us, you will be eligible to apply for up to £2,000, but this is not guaranteed. In any situation where repeat borrowing is required, we will still perform a credit check and will assess your present affordability using Open Banking. This is to ensure your circumstances have not changed in the time between your last loan with us. Any form of short term loans through us are designed for occasional use, not to manage any existing debt you may have. Our loans for bad credit are not suitable for long-term use. If you have any questions about emergency loans online, please contact us.

No loan is guaranteed for approval, so you will need to undergo the correct assessment first. At Fast Loan UK, we don’t provide 100% acceptance loans, instead, we focus on your affordability and current circumstances. Whilst we do check your credit file, this isn’t the only factor in providing a lending decision. If we cannot determine whether you can afford the loan, or if it will put you into further difficulties, we will have to decline your application.

Repayments on an emergency loan are flexible and work similarly to other types of short-term cash loans. We’ll arrange a Continuous Payment Authority (CPA) on your bank account as part of your credit agreement. This means on the agreed repayment date, we will automatically take the funds, so all you need to do is ensure you have enough credit to cover this. We’ll send a reminder a few days before too. It’s important to choose repayments before applying that you can sustain throughout the loan term.

Unfortunately, if you are unemployed then we cannot provide emergency loans. As a minimum requirement, applicants need to be in either full or part-time employment, including self-employed, and receive a regular income. If you are experiencing financial difficulties, please visit Money Helper for further advice and information that may help you.

We do not require applicants to provide a guarantor when applying for emergency loans for bad credit. You can apply as a sole applicant, even if you are someone with a history of poor credit. We welcome applications from those with varying credit histories, as long as repayments are affordable to you, and you can meet our eligibility requirements. As emergency loans direct lenders, we hope to help you get the quick cash you need, as long as it’s affordable for you.

We always aim to transfer approved funds quickly so that you can use them on the same day. Your bank will need to support the Faster Payments System (FPS), and your application will need to be within our business hours. Please note, any request outside of business hours, such as evenings or weekends, may not process until the following working day. For most approved applicants, funds can be transferred within just 15 minutes after signing your loan agreement.