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Emergency Loans

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When looking for quick emergency loans, we search the market in an instant for emergency loans direct lenders. They can credit your account on the same day, with emergency loans available between £1,000 up to £20,000. We’ll find you the best rates on emergency cash loans, so you don’t have to. Click apply now, and we can help you find emergency loans that fit your budget and give you a decision in minutes.

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What are Emergency Loans?

If the unexpected happens and you need funds fast, emergency loans are the ideal solution to provide quick cash. If you need to pay a repair bill, there are emergency loans direct lenders available. Whether it’s a car repair or broken boiler, they can help resolve your situation quickly. Our credit on demand service will provide a personalised table of offers from 40+ lenders with one form. This will give you a full overview of the loans market so you can make an informed decision. An application takes just 3 minutes to complete with us. Once you’ve chosen the lender you want to apply with, a decision is made in 90 seconds. If accepted, same day funding to your bank account is possible.

To see your own personalised table of offers, you won’t need to have a credit search conducted. This way, you can view the entire market and get a loan overview of the available offers. This includes the interest charges and repayments, without having a negative effect on your credit score. Click apply now, and we can get started with finding emergency loans direct lenders that match your needs.

Am I Eligible for Quick Emergency Loans?

Am I Eligible for Quick Emergency Loans?

To be eligible to apply for emergency cash loans, you’ll need to meet the following eligibility:

  • You are 18 years of age or older
  • You are a current UK resident
  • You have a UK bank account
  • You have a regular source of income

If you can meet the above requirements, then we can start helping you find the emergency loans you need. Please note, meeting the above criteria is a minimum requirement. It does not guarantee you’ll be approved for emergency loans. You’ll undergo credit and affordability checks to ensure you can afford the emergency loans you want. If you want to see how much emergency loans may cost in interest and repayments, use our loan calculator. You’ll be able to see how much per month you will need to pay for the loan amount you want.

Emergency Loans for Bad Credit

If you currently have bad credit, you may still be able to apply for emergency loans. We take into consideration more than just your credit rating. We look at your current affordability to see exactly what you can afford to pay. There is a good chance we can match you with emergency loans direct lenders that can help you. Our credit on demand service will search the entire loan market and will pair you with emergency loans for bad credit that work for you.

If you have bad credit, you may find that the offers available to you are for a lower amount. Some lenders will only be able to offer a maximum of £7,500 with emergency loans for bad credit. This will depend on your current situation. Every lender is different and as responsible lenders, we’d need to ensure your finances are not impacted. We recommend looking at your current income and outgoings. This is so you can see exactly what your disposable income is after your main bills are paid. That way, you’ll be able to check what you can afford to pay towards any emergency loans you apply for.

 

Why Choose Personal Loans Now for Emergency Cash Loans?

At Personal Loans Now, we search the entire loans market to match you with direct lenders who are best placed to help. Our credit on demand service will ensure you can see all the loan offers available. This will make searching and applying for emergency cash loans a quick process. The advantages of applying through us include:

  • Full Online Application – You can complete an application in 3 minutes and get loan approval completely online. All without waiting for paperwork.
  • Low APR Rates – We search the market, so you don’t have to. Showing you the lowest available rates of interest to match your circumstances.
  • High Acceptance Rates – Our lenders offer high approval rates. We’ve helped 50,000 people already get the funding they want, and we’re eager to help more.
  • Instant Approval – Our team of lenders can give you a decision in just 90 seconds.
  • Same Day Funding – Once approved, you will receive the money into your bank account on the same day.
  • Safe Lenders – We’ll match you with fully authorised direct lenders. All working to responsible lending guidelines.

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If you want to find the best emergency loans and need money fast, we can help you do exactly that. Click apply now, and receive your own personalised table of offers today, whether it’s for 6 months or longer.

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Emergency Loans FAQs

Do I Need a Guarantor for Emergency Cash Loans?

You don’t need to have a guarantor as part of your application for quick emergency loans. However, some lenders may only be able to offer the loan you want with this. A guarantor loan will ensure if you have poor credit, your chances are improved by having someone co-sign the loan. A guarantor would need to be someone who has a good credit score as well as other conditions. This will help increase the chances of being approved. Having a guarantor cannot guarantee the loan you want will be approved, but it will provide a lower risk. If you have a good credit score, you can apply for emergency loans without a guarantor.

What Happens if I Miss Repayments on Emergency Loans?

If you expect to miss a repayment as set out in your credit agreement, then you’ll need to contact the lender. They may be able to come to an agreement for repayment of any arrears within a suitable time frame. However, if you do miss repayments, you risk the lender taking legal action to recover any arrears. This can result in court action where the arrears, or possible full loan amount, can be requested to be paid in full. The unexpected can happen to anyone, which is why it’s best to contact the lender ASAP. Especially if you think you’ll miss any repayments. You should ensure before applying that you can afford repayments to avoid any potential missed repayments.

Can I Get Emergency Loans with No Credit Check?

As a responsible credit broker, we don’t have access to lenders that offer emergency loans to someone without a credit check. If you find any lenders who do not need to conduct a credit search, then we strongly recommend you do not use them. You should also report them to the FCA. A search of your credit file is designed to help protect you as well as the lender. This ensures the risk is as low as possible when lending to you. If you’re not sure what your current credit score is, we recommend contacting a credit reference agency. Experian, for example, can show your score and information a lender considers during the application.

I’m in Financial Difficulty, Can I Still Apply for Emergency Loans?

If you’re in financial difficulty, we recommend you consider your current finances before applying. As responsible broker, our lenders cannot lend to someone in financial difficulty. This is because further borrowing can sometimes cause further issues. There are many free organisations you can speak to for help. This includes the Money Advice Service or Citizens Advice, who offer free, impartial financial advice. Emergency loans are designed to be used for short term financial issues, to resolve an unexpected bill. They shouldn’t be used for long term financial issues or to pay for other borrowing you may already have.

What’s the Maximum Amount I Can Borrow with Emergency Loans?

Depending on your current credit score, you can borrow up to £20,000 with emergency loans. If you have bad credit, this may be limited to a maximum of £7,500 due to the bigger risk to a lender. If you want to borrow higher amounts, we can provide up to £20,000 unsecured borrowing. With higher loan amounts, you’ll be liable for higher amounts of interest or higher monthly repayments. You’ll need to ensure you’re happy with the full terms being offered to you before agreeing to the loan. You can also apply for secured loans from £10,000 upwards to £250,000 if you need it.

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