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Instant Loans
- Borrow up to £20001
- Trusted lenders only
- Payouts within 24 hours
- Responsible lending policy
- Alternatives available

With rapid developments in technology the instant loan is coming ever closer to being a reality, but with the caveat that all loans are subject to status and affordability assessments done by the lenders.
And there lies the paradox. It's easier than ever before for lenders to take an enquiry, gather information about a potential borrower and make a decision, but at the same time the regulatory environment has become stricter. Lenders are required to lend with care and penalties for careless lending are rising.
You can also look at the options using our Quick Start tool
Keeping these issues in mind it becomes apparent that some loan are faster than others. It depends on how enquiries are received, how they are assessed and how the loan is paid out.
No loan is truly instant, but it is possible to get a lender decision and get your loan relatively quickly if you are a low risk applicant. Be prepared to provide a growing amount of information to a lender so that they can do the necessary checks.
So what are your options?
Lenders are duty bound to ensure that applicants are who they say they are and that they truly can afford to repay the loan. It is highly likely that the lender will need to credit check you, and they will also need you to provide information about your income and expenditure. These extra checks tend to slow down the process.
Once the lender has approved your loan you'll be wanting the cash quickly. But the actual speed will depend on the banking system. If your bank operates the Faster Payments system then you can receive cleared funds within 2 hours. However, if this is not available then it may take a couple of days for you to get your hands on the money.
If you don't have a bank account then your borrowing options will be fewer and the time to access funds longer.
We thought we'd summarise which loans tend to be the quickest, and explain the elements that can slow down each type of loan. So, in order of speed starting with the fastest:
Loan Amount
£300
Interest
£72
Loan Term
30 days
Total Repayment
£372
Actual Interest Rate
24% (vrbl)
Representative APR
1081%
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
1 Subject to application being approved by the lender. Not all lenders are able to provide up to £1000.
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