Apply for a loan of up to £25,000*
Get Your Cash!
- Instant loans are built for emergencies such as urgent car repairs, bill settlement, home repairs, etc.
- Instant loans help customers get fast cash when they need it the most.
- You may not need to pay back the loan until your next paycheck arrives.
Instant Loan Facts
Like a thief in the night, unforeseen expenses can happen anytime and often in the most unexpected moments. No matter how hard you try to balance your finances, sometimes life simply doesn’t cooperate. One instance you think you have your books balanced and bills all paid out then your car suddenly broke down or your roof is having a leak. So what now? Where are you going to get the extra money to fix them? In these dire situations, getting instant loans may be the lifesaver you are looking for.
Instant Payday Loans
Among the instant loans offered by reputable lenders like (website name) in the UK today, instant payday loans are the smallest and also the quickest and easiest to obtain. Because they are offered in small amounts from £100 to £1000, they are perfect solutions to small unexpected costs and expenses. The instant cash loans are normally borrowed for short periods of time after a matter of days, weeks, or in most cases, your next payday. Instant payday loans have become extremely popular in the UK in recent years because of their flexibility when it comes to borrowing smaller amounts that you would never see in financial products offered by banks and other traditional financing institutions.
Fast Cash Transfers
Aside from being flexible, instant payday loans are also popular in the UK for their fast cash transfers. From an instant loan lender like (website name), you can apply for the loan online and get a decision within a matter of minutes after you have submitted your application. The entire process can cover just a few minutes with no face to face meetings, no fall in queues, and no paperwork whatsoever involved. All you need to do is complete a simple online application and your good to. And once you are approved, the lender will have your money deposited into your account on the same day you made your application or the next business day at the soonest. It’s that fast and easy!
Using Instant Payday Loans
When you decide to take out instant payday loans, it is completely up to you on where you want to use the money that you have borrowed. There are many reasons why people take out the instant loans and some of the common ones include:
- Car Repairs
- Home Improvements
- Unforeseen Bills
- Weddings and Birthdays
- Special Occasions
- Pay off existing debt
- Small Vacations
Applying for Instant Payday Loans
If you apply for instant payday loans, there are certain information that lenders will normally request from you to help them in their lending decision. There are lenders who will not conduct any form of credit check that may damage your credit rating and there are those that do. This means that Pick-A-Loan will still accept your application even if you have a bad credit rating or a credit rating that is none existent at all as long as you meet the eligibility requirements for instant cash loans which include:
- Age – You must be at least 18 years of age at the start of your application. 18 is the legal age for independence in most parts of the world and the age that makes you legally liable to take out a loan too.
- Proper Address – You need to provide the exact details of your address in accordance to UK anti-money laundering and fraud regulations. This will guarantee that you are who you say you are and not using some one’s identity to obtain an instant loan. Your address information will also verify that your personal bank account matches the address you have provided.
- Employment Details and Salary – Your salary or monthly income will give lenders an idea of a number of instant payday loans that you can afford. The bigger your income stream, the better your chances of availing for the maximum amount. This also means that you need to be employed to become eligible. If it will appear that you will face some difficulties in accomplishing your repayments, a responsible lender will never push you on the loan and will instead offer other borrowing solutions that may be comfortable to you.
- Bank Account Details – Instant loan lenders normally conduct their business purely online which means convenience and ease in your part. This also means that the money you availed for will be deposited directly into your bank account after your application has been approved.
Instant payday loans are also unsecured short-term loans which means that you don’t have to offer any form of asset to secure it. All you need is the information mentioned above to qualify for instant funding so you can address those urgent expenses.
Instant Payday loans for People on Benefits
But what if you are unemployed and living under benefit? Would you still qualify for instant payday loans? The answer is yes. As a matter of fact, you can obtain instant payday loans for people on benefits from reputable sources like pickaloan.co.uk. The qualifications for age, address, and bank account details are the same but you don’t need to be employed to get it. Instant payday loans for people on benefits provide instant cash loans to individuals who are dependent on benefits like pensions. Retirement, underemployment, physical ailment and disabilities are some of the reasons why you may be living under such benefits.
Instant Loans: The Other Options
Aside from payday loans, the other instant cash loans that you may also want to look into to satisfy urgent financial situations include:
- Personal Loans
- Guarantor Loans
- Doorstep Loans
- Logbooks Loans
Depending on the money that you need and the kind of payment term that you want to enjoy, you can choose any of the instant loan options mentioned above, found by brokers in the UK like Pick-A-Loan.
Instant Loan FAQs
What is an instant loan in the UK?
To help customers get unrestricted access to the cash they need to solve their financial emergencies, direct lenders in the UK have come up with instant loans. This means that there is less paperwork and loan applications can, therefore, be processed a lot faster. As a result, the loan amount may be released by lender the same day the customer submitted the application. With our lenders, it could be a lot shorter.
Can I get the loan without providing a guarantor?
Having a guarantor will certainly increase your chances of securing the loan, but it’s not compulsory. We work with a range of lenders that will be willing to give you the money you need even if you don’t have a guarantor to stand for you if you default on repayments.
How do I qualify to receive an instant loan from direct lenders?
With the level of competition in the market now, you don’t need to do a lot before a lender considers giving you the money you need. In most cases, lenders will work with you if you are above the age of eighteen, you live in the UK, have a regular source of income, and a working UK bank account. If your application is successful, you will receive the money in your account within a few hours.
Will lenders give me money if I have bad credit?
Our lenders recognise that bad credit ratings may sometimes be misleading. This is why they tend focus more on your current condition and not your previous inability to keep up with a loan repayment plan. So if you have poor credits and you have a job that can cover the loan repayment, our direct lenders will be willing to work with you. We’ll advice that you do your best to pay back the loan on the agreed date to boost your credit score.
Will my credit score be affected if I take an instant loan?
We know how delicate credit ratings are, this why our lenders use soft search technology majority of the time. This will make sure that your credit score isn’t negatively affected by the fact that you took an instant loan. If you have further reservations, you can make it known to the lender during the loan application process.
How much money can I ask for?
Instant loans have a short duration, as a result, lenders may not give out large sums of money. Our lenders offer up to 1000 pounds if the customer’s income can make up for it. A good credit score will also count for something.
How do I apply for an instant loan?
This is easy to do if you choose to work with us. Just fill out the online application form, submit it, and wait for a response from our lenders. If everything checks out at the end of the process, you could receive the loan amount in a matter of hours.