What Is a Same Day Loan?
Same day or instant loans offer immediate funding for sudden needs. They typically fall under a category known as short term loans because they are approved on the same day and repaid over shorter amounts of time than traditional long term loans.
While some direct lenders offer the instant lending option on more considerable credit sums, this type of advance is typically offered at relatively small amounts, ranging from £50 to £5000.
Where Can I Find Same Day Loan Direct Lenders?
Initially, it was not easy to find lenders that offer same day loans. With advances in technology, it is now possible to apply for a loan through the internet (using search engines).
Before you apply for a loan over the internet, you should check out the company. If possible, verify the details of their licence and accreditation. Make sure they are regulated by the FCA. You should also look at the lender’s reviews online to understand whether the services they offer are reliable.
Do UK Direct Lenders Offer Bad Credit Same Day Loans?
A while ago direct lenders did not offer same day loans for bad credit. Due to this reason, the potential applicants resorted to illegal means to obtain money to meet their emergency expenses.
However, it is not the case anymore as now direct lenders offer same day payday loans to applicants with a bad credit score. Still, they have to go through a credit check and meet the eligibility criteria to receive the amount.
Also, whether your loan application gets approved depends on how much you want to borrow, the repayment period, and your ability to repay the loan.
Is UKBadCreditLoans a Direct Lender or a Broker?
We at UKBadCreditLoans are brokers who connect you with our network of reliable lenders after you apply for the same day loan. You can use this service even if your credit score is low.
UKBadCreditLoans is good for individuals who want to find lenders quickly. We can help you find a wide range of loan options offered by various UK lenders. We make the process easy, secure, and accommodating to those in need.
Looking to Borrow Money Easily?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Can UKBadCreditLoans Get Me a Loan On the Same Day?
At UKBadCreditLoans, our lenders provide unique loan offers (same day loans included) that can be beneficial for many different types of people who might not normally find a suitable lender.
You only need to apply for the loans providing essential details, such as your personal information, and the amount you require. After that, a credit check will be done by our lenders before offers are given.
Simply accept the same day loan offer and the money will be transferred to your bank account quickly.