At Fast Loan, we offer loans between £50 and £2,000. First-time borrowers can borrow up to £800, while returning customers can lend up to £2,000. Make sure to work out exactly what you need to borrow first and avoid taking out more than is necessary. Remember that you’ll be paying interest on the money you borrow.

Representative example:
Borrow £500 over four months. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18% APR.

We arrange your loan repayments using a Continuous Payment Authority (CPA). This will be taken out at a time each month that is agreed upon during the loan application. We’ll send you a reminder a few days before payment is due – all you have to do is make sure there is enough money in your bank account to cover the repayment.

We allow first-time customers to pay back their loans over 8 months, with trusted return customers able to repay over 12 months. You can choose to repay your loan on a weekly, fortnightly, or monthly basis – whatever works best for you.

Yes, we run a credit check for instant loan approval. If you’re worried about your credit score, don’t worry! We focus on affordability to determine if we can lend to you, so previous poor credit won’t necessarily impact your ability to get an instant money loan with us.

Here at Fast Loan, we do everything we can to live up to our name! If you’re looking for an immediate loan online, our process couldn’t be simpler – or quicker. Most of our customers are approved and receive their instant cash loans on the same day. We transfer your loan amount directly into your bank account using the Faster Payments System, so it’s worth checking to make sure your bank supports this type of payment, as that may affect how quickly you receive your loan.

For most of our customers, we’re able to provide an instant loan decision within five minutes of applying online. In some cases, we may need a few more details from you. A Customer Care Manager will be in touch if this applies to you for a quick call to get the extra information. Once you’ve signed your digital loan agreement, we’ll release the funds to your account within 15 minutes.

We only allow customers to take out one loan at a time at Fast Loan. This is to ensure that you can afford your loan obligations to us. We do not recommend seeking out more than one UK instant loan at a time, as managing multiple loan repayments at the same time can be tough. Always think carefully about how affordable your loan is. Once your current loan with us is paid off in full, you’re welcome to apply for another.

We’re happy to accept full early repayment of your instant loan. Just let us know if you want to pay off your loan amount early and we’ll give you an early settlement figure. Talk to your Customer Care Manager to decide if this is the right route for you. You’ll only pay interest on your loan for the time it was borrowed, and a £20 early settlement fee.

We’re completely upfront with any fees associated with our UK instant loans. The amount you see on your loan agreement is what you will pay, so you can borrow from us with confidence. We don’t charge for late payments, applying, or processing fees.

Unfortunately, one of our key eligibility requirements is that you be in full or part-time work. At this time, we do not lend to anyone who is unemployed. If you are self-employed, we may be able to lend to you, but we will have to assess your income when you apply.

We pride ourselves on offering financial help to customers of all backgrounds. If you have bad credit, you could still get an instant money loan from us. We look at affordability – not just credit scores – to help us decide who to lend to. It’s a good idea to get in touch with one of our expert advisors to discuss your circumstances and find out if we’ll be able to loan to you. Contact us today to find out more.