Quick loans are commonly used in the UK as a fast cash solution. The application process is fast and approval can be just as speedy. Also, if your bank accepts fast payments your money can be available the same day.
Whatever the reason there are times when you need money quickly. Payday loans or quick loans are one type of short-term borrowing. They have high-interest rates and you should only use them for emergencies.
Decide if a quick loan is right for you
- be employed
- have a UK bank account
- an email address
- a mobile phone number.
Find a quick loan
Using a credit broker to get a loan quickly
- Are they reputable
- can you find reviews on the internet which tell you how others have found using their services
- Do they give you impartial advice too
Fast quick loan application and approval process
Agree to your loan on your mobile
Printing, signing and sending hefty loan agreements is not needed. Once you have agreed to the terms of your loan, a code can be sent to your mobile phone. When you receive this, you add it to your application online. This is to signify your agreements to the loan and repayment terms.
Fast transfer of money
If you are successful, your application and approval can take minutes. For bank accounts with fast payments, you may also be able to receive the loan funds on the same day or the day after.