If you’re wanting to apply for the best debt consolidation loans available, at Personal Loans Now we can search the market and find the best rates available. With just one application, we can help you with debt consolidation loan comparison from 40+ direct lenders that can help you make your monthly repayments more manageable. Click apply now and we can help you quickly find the right debt consolidation loan for you.
What is a Debt Consolidation Loan?
If the unexpected happens and you need funds fast, emergency loans are the ideal solution to provide a quick cash injection. If you suddenly need to pay a repair bill, such as a broken boiler or unexpected car repair, there are plenty of emergency loans direct lenders available who can help resolve your situation quickly. Using our credit on demand service, just one application will provide you with a personalised table of offers from 40+ loan lenders, giving you a full overview of the loans market so you can make an informed decision. An application takes just 3 minutes to complete and once you have found the lender you want to apply for, a decision will be made in 90 seconds with same day funding to your bank account possible once approved.
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 loans market and get an overview of the available offers, including 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?
To be eligible to apply for emergency cash loans, you will need to meet the following eligibility criteria:
- 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 and does not guarantee you will be approved for emergency loans. You will need to undergo a credit check and affordability checks to ensure you can afford the emergency loans you want. If you want to find out how much emergency loans may cost you per month in interest and what the repayments would be for the terms you’d like, use our loan calculator to see this information.
Emergency Loans for Bad Credit
If you are currently in a bad credit position and have a low credit score, you may still be able to apply for emergency loans. Here at Personal Loans Now, we take into consideration more than just your credit rating, looking 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, even if we can’t approve your application ourselves as a direct lender, our credit on demand service will search the loans market to 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 than if you have a good credit score. Some lenders will only be able to offer a maximum of £7,500 for emergency loans for bad credit, depending on your current situation. Every lender is different and as responsible lenders, we would need to ensure if you do have bad credit that your finances are not impacted further. We recommend that you look at your current income and outgoings so that you can see exactly what your disposable income is after your main bills are paid. That way, you will be able to easily 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 to you and 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, 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 – we are proud to offer high approval rates, helping 50,000 people already get the funding they want, and we’re eager to help more.
- Instant Approval – we 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.
- FCA Authorised Lenders – we’ll match you with fully FCA authorised direct lenders, all working to responsible lending guidelines.
If you want to find the best available emergency loans and need money fast, at Personal Loans Now we can help you do exactly that. Click apply now and receive your own personalised table of offers today.
Emergency Loans FAQs
Do I Need a Guarantor for Emergency Cash Loans?
You do not need to have a guarantor as part of your application for quick emergency loans, however, some lenders may only be able to offer you the loan you want with this. A guarantor loan will ensure that if you have a poor credit rating, your chances of being approved for the loan you want are improved by having someone co-sign the loan agreement. A guarantor would need to be someone who has a good credit score, as well as other conditions, to help increase the chances of being approved. Whilst having a guarantor cannot guarantee the loan you want will be approved, it will provide a lender with more proof of affordability and present 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 will need to contact the lender at the earliest opportunity. A lender may be able to come to an agreement for the repayment of any arrears within a suitable timeframe. However, if you do miss repayments, you risk the lender taking legal action to recover any arrears. This can in some circumstances result in court action where the arrears, or possibly the 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 if you think you will miss any repayments. You should ensure before you agree to a new loan that you can definitely afford the repayments you have requested to avoid any potential missed repayments.
Can I Get Emergency Loans with No Credit Check?
As a responsible lender, we cannot offer emergency loans to someone without a credit check. If you find any lenders who say they do not need to conduct a credit search, then we strongly recommend you do not use them and report them to the FCA. A search of your credit file is designed to help protect you as well as the lender, ensuring the risk is as low as possible when lending to you. If you are not sure what your current credit score is, we recommend that you contact a credit reference agency such as Experian, who can show you your score and information that a lender considers during the application.
I’m in Financial Difficulty, Can I Still Apply for Emergency Loans?
If you are currently experiencing financial difficulties, we recommend that you carefully consider your current situation before applying for further borrowing. As responsible lenders, we cannot lend to someone in financial difficulty as further borrowing can sometimes cause further issues. There are many free organisations you can speak to for help, including 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, and 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 £15,000 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, our personal loans can provide up to £25,000 unsecured borrowing. With higher amounts of borrowing, you will be liable to higher amounts of interest or higher monthly repayments, so you will need to ensure you are happy with the full terms being offered to you before agreeing to the loan.