How do emergency cash loans work?
Emergency cash loans operate in the same way as do cash advances; if you are in need of an instantaneous or same-day cash loan, all you need to do is consult the offerings by our featured lenders and submit an application to the one whose terms you feel suits you best. Once your loan is approved, you can expect to receive your emergency loan in as little time as one hour.
Alternatively, contact us and we will help you to find the most appropriate lender for your situation.
A cash advance is a type of unsecured loans product, meaning that the amount you borrow does not need to be secured against an asset of yours such as your house or your car. If you do default on your repayments, however, your credit score is likely to be negatively affected, making future financial services less accessible to you. Failing to make your repayments generally results in added costs; missed payment fees and late interest fees may be applied to your debt.
How much can I borrow from an emergency cash loan?
Emergency cash loan amounts differ between lenders, but typically, short-term loans of this kind range from £100-£2000, with repayment terms between 1 and 6 months.
Before you apply
Before you apply for an emergency cash loan, be aware that the following information will be needed for the lender to assess your suitability:
- Your basic personal information (name, address, etc);
- Proof of employment;
- Details about your financial incomings and outgoings;
- Your bank details (to be stored securely and confidentially).
How does our site work?
Firstly, use our free and simple comparison table to compare rates from our list of featured lenders. You can click through and apply on their website directly. Alternatively, you can provide us with a few of your details and one of our partners will get back to you as soon as possible to discuss your options.
Because we have partnered with multiple lenders, we are able to offer you the choice you deserve when it comes to finding the right loan for you. With us, you are free of the restrictions and set-rates involved in looking at a single lender.
We allow you to borrow from £50 up to £50,000 from one of our many lenders.
The main benefits of using our website include:
- No upfront fees
- We will not pass on your details to third parties without your permission
- Our site is on a secured server (https) to protect your details
- Compare rates from several competitive lenders
- Choose from over 50 different unsecured loan products
The criteria for applying
Whilst the criteria may vary between lenders, the eligibility factors include:
- Must be a UK Resident;
- Must be over 18 years of age;
- Must have a working debit account, email address & phone number;
- Must be employed, earning at least £500 per month and able to afford monthly repayments;
- Must have no history of bankruptcy, CCJs or IVAs.
What happens if you cannot repay your emergency cash loan?
Failing to repay your loan may result in your credit rating being negatively impacted, which could harm your ability to access other financial products in the future. If you take out a loan that is secured against an asset, such as your home or your car, defaulting on your repayment could lead to the repossession of that asset.
Please ensure that you choose a realistic repayment term when applying for a loan with any one of our providers such that you are able to make your monthly payments. If you expect that you will not be able to make a monthly repayment, ensure to let your chosen lender know in advance. Most lenders have sympathetic policies which allow for a grace period of a couple of days if you ensure to notify them of your situation.