Apply for a loan of up to £25,000*

  • STEP 1
    Apply Online

  • STEP 2
    Get Approved

  • STEP 3
    Get Your Cash!

I’d like to borrow:


and I need it for:

1 Months
12 Month
You want to borrow
£1000 for 12 Years
£1000 for 2 Month

Key points

  • With text loans, you can get fast cash by simply sending a text message to the lender instead of filling an online form.
  • It is faster, quicker, and more efficient than most short term loans offered by direct lenders and banks in the UK.
  • The requested loan amount is disbursed directly to your bank account immediately your application is accepted by the lender.

Text Loans

Apart from payday loans, one of the most popular types of loan is the text loan. If you thought online loans are the most convenient ones, wait until you try text loans. Indeed, applying online is fast and accessible because there’s no need to go outside. You’re not required to dress yourself up, drive your way to the lender’s office, and talk to the lender personally. It only needs a few requirements though, such as a laptop and an Internet connection. But with a text loan, you can have the money you need just by using your very own mobile device. It won’t ask you to compose a long, dramatic message, too; instead, you will type a few keywords and a Personal Identification Number (PIN), send it to a particular number, and wait for your money in an hour or less.

Understanding Text Loans And Its Difference From Other Loans

Banks and traditional lending facilities are the primary sources of loans, and basically, the only way to acquire it is by visiting their offices personally. This means leaving your comfort zone, dressing up to impress the lender, and bringing a handful of documents with you. Obviously, this is a hassle to those who are not capable of going out or have limited time. In addition, the lending facility usually accommodates borrowers during office hours; after which, they are close and open again on the next business day. The application process is another concern. Borrowers have to wait for a month or two because of the lengthy verification process and release of money. The advantage of choosing this one, though, is that you can personally have your concerns answered. You’re also guaranteed that the facility is legitimate because they have a place where you can go back to if any problem occurs.

Private lenders, on the other hand, usually offer online loans. As mentioned above, you may acquire this one by using a laptop/desktop and a stable Internet connection. Compared to the traditional way of acquiring loans, this one is more convenient. You can get a loan in your pyjamas and you’re not required to leave your bed. The application process is simpler and faster because all you need is to fill out an application form. Basic questions will be asked, such as your full name, mobile number, email address, bank account, and details about your employment. Some lenders may ask you to fax necessary documents such as your payslip while others will not require you to do so. Because of the less complex prerequisites, the entire process is faster and you can get the money in three days or less. In addition, most online loans are available 24/7, and you can talk or chat with their customer service even after office hours. Anyone who has limited schedule may find this loan option more accessible because they can apply for a loan anytime. The money is transferred to your bank account so there’s no need to visit any loan office. Some lenders may even lend the money on a door-to-door basis, send their agent to your home so you don’t have to go anywhere.

Meanwhile, text loans are best for those who have no access to the Internet or doesn’t have a laptop. If you want to try this, all you need is a regular credit from your network provider and of course, a mobile device. You will follow a text format, such as NEED A LOAN (amount) (PIN), and have it sent to a specific number. There’s no need to say “please” or “thank you”; rather, you only need to type in a few keywords. You will receive an automated text after awhile stating whether the amount you’re asking is approved or not. Most text loan applications are granted and in case of rejection, the lender will only ask you to request a lower amount. However, before becoming eligible, you have to follow several steps, such as applying online, acquiring a loan, and repaying the debt. If you’re a new borrower, you cannot avail text loans immediately unless you acquire an online loan first. Text loans are ideal for individuals who want to get their money at the soonest possible time even without going online. Even if they are in an isolated area, as long as they have a mobile device, they can get their money in a matter of minutes.

Criteria For A Text Loan

Text loans are easy to acquire and anyone who’s eligible may re-apply again by following the same process. However, each borrower has to meet several criteria first and these are as follows:

  • Legal Age

Like other types of loan, the borrower must be at least 18 years of age and above. Meanwhile, other lender’s minimum age requirement is 21 years old.

  • UK Resident

One of the basic prerequisites is the residency. Your text loan provider is located in the UK, therefore, you need to be a resident of the same country as well. This way, the lender can verify you as a borrower easily.

  • Source Of Income

Text loans are unsecured, and the lender’s trust is based on your capability to repay the loan. You may submit proof of income, such as payslips, in case your primary source of fund is through employment. You may also submit other documents if you have alternative sources, such as pension, benefits, or alimonies.

  • Successful Loan Application And Repayment

Text loans are only available to those who have been approved and have settled the loan successfully. As mentioned, you cannot apply if you’re a first-time borrower.

  • Bank Account

Just like with online loans, you need a bank account because of two things: receiving and repaying. After the successful application, the lender will send the money to your bank account. You may settle the debt afterwards by letting the lender have an access to your bank account.

  • Registered Number

Only registered numbers are allowed to avail the loan. In case of a new number, you may notify your text loan provider or you may visit your own online account to make the changes.

Text Loan FAQs

How is a text loan different from an online loan?

They are not very different, but text loans are considered to be faster. To get the urgent cash that you need, all you have to do is to send a coded text message to your lender and that is all. A response will come in within minutes telling you whether or not the loan will be granted.

What are the eligibility criteria?

You must be a citizen of the United Kingdom who is at least eighteen years old. You should have a regular source of income or at least a source of benefits. An active email, a bank account, and a phone number will also be needed. Your bank details will enable the lender to send the money to you as soon as your application is successful.

How much money can I get from a text loan?

This depends on the lender providing the services, but you can get as much as 5000 pounds if you can afford it. The repayment time is between 1 to 60 months depending on the amount of money borrowed and loan agreement. However, most text loans are considered to be short-term loans because they usually involve a very small amount of money.

Can I settle the loan earlier than was agreed upon?

You can pay off the whole debt if you feel there is no need to wait for the loan’s due date. But note that some lenders may charge an extra fee since you will not be honouring the previous interest rate you agreed upon. This is why you must contact your lender as soon as you sense the need to clear all your debts.

Will the lender carry out a credit check?

Yes, our lenders will conduct a credit check before granting you a loan. But the results of this check does not out-weigh your ability to pay back the loan. This means that you can still get a text loan from our lenders even if you have bad credits.

Am I free to use the loan to do whatever I want?

These loans are meant to solve financial problems and emergencies like car repairs, tuition, and home repairs. They could also be used to fund weddings, and vacations. It does not matter what you use the loan for as long as it meets your needs and you can pay it back.

Can I take multiple text loans?

Yes, you can as long as the lender agrees and you can afford it. However, it is rare to find a lender who will agree to give out another text loan when you are yet to pay off the previous one. We’ll advise that you only take another loan when you are sure that you can afford it.