Quick Cash Loans Online
A quick loan is one where you can apply online and receive funds quickly into your account. More and more UK borrowers are going online to apply for quick loans rather than applying through their local bank and filling in lots of paperwork and waiting for a response in the post.
The best thing about a quick loan is that the entire application, correspondence with the lender and transfer to your bank account can all be handled online and the funds can be sent to your account on the same day.
The types of quick loans that we feature on Quiddi Compare include payday loans that last between two to four weeks and intends to tide you over until your pay date, usually the last working day of the month. Alternatively, applicants can choose to borrow from instalment loan lenders and repay equal monthly repayments for three, six or twelve months for some added flexibility.
Quick Cash for emergency purposes
People looking for quick cash may need money for an emergency expense. Although we always try to have some savings available for things like medical bills and home repairs, we can never be sure how much we need, especially for an emergency that we don’t expect.
For this reason, you sometimes need quick cash to see you through the emergency so that you can repay in full on your next pay date. A simple cash loan can give you a bit of breathing space and time to get back up on your feet. So whether you can repay in one lump sum at the end of the month, you can also choose to spread repayment over a period of time in equal monthly instalments.
How to apply for Quick Cash Loans
To apply for a quick cash loan, you can start by comparing the different loans we feature on our table above. You can find the best product for you based on how much you are looking to borrow and how long you need to repay e.g 30 days, 3 months, 12 months.
Once you have found the right lender for you, simple click on the company logo or ‘visit website’ and you will be taken directly to the lender’s site where you can apply. Alternatively, you can use our ‘clever search tool’ where you can enter a few basic details and receive a list of the best loans suited to your requirements. Quiddi Compare will not charge you anything for using our service and you have piece of mind knowing that all the lenders we work with are fully licensed by the FCA and follow the criteria for responsible lending in the UK.
When applying on the lender’s website, you will be asked to confirm a few details about yourself including name, age, address, employment and bank details. Some lenders require a quick phone call to confirm your details and carry out further checks on your account. If your application has been approved, the lender will be able to transfer the amount you wish to borrow to your bank account in 24 hours or less.
How much you can borrow will depend on your personal circumstances and affordability. Lenders have an obligation not to lend to you what you cannot afford to repay. Therefore, the loan provider must consider your current expenses and income and assess how much in loan repayments you can afford each month without being financially compromised. With this in mind, lenders may ask you to provide a recent bank statement or pay-slip to confirm your employment and income.
Quick Cash for Bad Credit
Some borrowers will be looking for quick cash for bad credit because they don’t feel that they can obtain finance based on their current credit rating. Unfortunately, the lenders we feature will usually carry out credit checks as part of the application process. This is because it gives an insight into the customers repayment history for other lines of credit and loans and allows them to see how many other loans the applicant has open.
If you are a customer with bad credit and are looking for finance, you can consider applying for a guarantor loan whereby having a close friend or relative with a good credit rating can be your guarantor to help you get a loan. Otherwise, we provide tips to improve your credit rating so that you can be eligible for loans in the future.