Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Borrow Money Online for Urgent Spending Relief

Planning payments is often enough to make ends meet, but paydays don’t always line up with your personal spending obligations. An unexpected bill or urgent expense can disrupt your plans, resulting in cash flow shortfalls between checks. Personal savings can help fill the gap, furnishing financial resources for emergencies. However, if your nest egg isn’t well-funded, you may need to borrow money before payday.

How much would you like?

Apply Now

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

Do You Need to Borrow Money?

Various finance alternatives assist when money is needed. From long-term bank loans, to revolving credit card accounts, cash loan lenders put forth a range of options, each designed to address particular conditions. When you need to borrow money, reviewing multiple lending alternatives can help you narrow your search and select the best available loan for your funding needs.

Online loans are primarily utilised for short-term expenses. The loans are relatively small, allowing you to borrow money for immediate financial needs, without adding long-term repayment commitments. Most online loans are not restricted, so the money can be used as you wish. Users commonly borrow money online for spending priorities such as:

  • Unexpected Financial Emergencies – Working out your finances in advance is a solid money management strategy. Unfortunately, even proper planning cannot guarantee consistent cash flow. Unforeseen expense arises without warning. And unless you have savings held in reserve, you may not have enough money on hand to contend with spending emergencies. From car repair bills to sudden replacement costs, financial difficulties may be lurking around the next corner. When problems emerge, online resources enable you to borrow money, without unnecessary funding delays.
  • Rent – Rent and mortgage payments are anticipated, because a consistent amount is owed each month. Under most conditions, your income accounts for housing costs. But on rare occasions, you may find yourself short of funds at the beginning of the month. Like other debts, your rent or mortgage payment calls for timely attention, risking credit problems when payments are late. It is better to borrow money for your rent, than it is to keep your landlord waiting.
  • Monthly Bills – Monthly expenditure varies from one month to the next, so it isn’t always easy to project how much your bills will set you back. A high utility bill or cost of living increase may be enough to disrupt your financial flow, resulting in a shortage between paydays. When your bills exceed your earnings, one possible solution is to borrow money online. Various instant loan opportunities offer short-term relief, providing enough money to keep your bill payments current until payday. Online loans are typically valued up to a few thousand pounds, delivering fast cash for energy bills, mobile contracts, entertainment subscriptions, and other household spending concerns.
  • Education – UK Student Finance provides flexible, low-interest loans for tuition and related costs. But the price of higher education also includes the cost of food, housing, travel, and other customary living expenses. Working students and parents with children in school may need to borrow money for incidentals. Payday loans and other online resources assist with small amounts of money for education, helping cover the cost of books, transport, and other short-term obligations.
  • Health and Wellness – Many health care costs are covered, but you may incur expense maintaining a healthy lifestyle. Your gym or yoga studio charges money for access and eating healthy can also set you back. When you do encounter illness or injury, whether personally affecting you, or a family member, it may place additional pressure on your spending budget. Short-term finance solutions enable you to borrow money in a hurry, for help managing health crises and wellness commitments.

poor credit record

Five Ways to Ease Financial Pressure

Financial balance occurs when your income matches or exceeds your outgoing monetary obligations. Unfortunately, financial equilibrium suffers when spending spikes or finance emergencies interrupt your cash flow. In the face of a cash crunch, you can borrow money to make ends meet or reduce spending to facilitate better balance. Common cost cutting strategies include the following measures.

  • Cancel Subscriptions – Recurring expenses can catch up with you. When money is tight, you may be able to reduce your monthly expenditure, without feeling the pinch. To ease financial pressure, review subscriptions billed monthly or renewed periodically, and consider cancelling underutilised commitments. Is your gym membership taking a bite out of your budget, despite low usage? Do you pay for publications you seldom read? Cutting back on unnecessary subscriptions can help you save money during difficult times; you can always re-subscribe when cash flow returns to normal.
  • Earn Extra Money – Spending spikes are temporary, so you may occasionally need to borrow money for a short period of time, enabling you to catch up on your bills. Alternatively, earning extra money might be enough to overcome short-term spending difficulties. A part-time job, one-off gig, or self-inspired business venture each provide earning opportunities that bring more money in to your financial flow.
  • Return Recent Purchases to the Store – Overspending often results in financial shortfalls. If recent purchases interfere with your ability to keep pace with other financial obligations, returning items to the store is one way to recover from financial setbacks.
  • Sell Unneeded Items – Consumers are active in the pre-owned marketplace; items you already own can bring in money. For quick access to cash, borrow money online or use websites and apps to sell unneeded merchandise. Clothing, collectibles, electronic devices, and other categories are in demand, yielding money with little or no investment. Online platforms and trunk sales make it easier than ever for you to unload unneeded belongings for fast cash.
  • Eliminate Services – Entertainment, communications, personal care, and other services can strain your budget – particularly when money runs short between paydays. Though you may wish to maintain your current level of service, prudent financial management may indicate a more affordable course of action. For immediate savings, consider a DIY approach for services you can provide on your own. And when spending commitments overlap, pare back by eliminating unnecessary communications contracts and other duplicate service commitments.

Does Your Credit Score Matter When You Borrow Money?

In the UK, credit reference agencies such as TransUnion and Experian are responsible for monitoring consumer finance activities. From your earliest personal credit relationships onward, the agencies keep tabs on various aspects of your finances, including open credit lines, repayment histories, and account balances.

Every time you apply for a store card, bank loan, or another type of financing, creditors run credit checks, consulting with reference agencies about your finance history. In order to simplify the process, each consumer is assigned a personal credit “score,” summarising the individual’s overall performance managing credit obligations.

In general, a high credit score opens doors to finance opportunities, including rates and terms reserved for those with pristine credit records. At the other end of the spectrum, bad credit applicants are often turned away for conventional financing. Credit consumers with so-so scores may be accepted for high risk financing with elevated interest rates and strict terms.

Online lenders specialise in providing small, short term emergency loans. Because the loans are promptly repaid and designed for urgent needs, online lenders adopt streamlined credit review practices during preapproval. The efficient screening strategies speed up the application and acceptance process, delivering the money you need, without costly delays. Your pending payday serves as a repayment guarantee, so you may be able to borrow money online without qualifying for traditional bank loans.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

Your imperfect credit score aside, online lending alternatives offer flexible finance solutions for urgent spending needs. If you’ve experienced credit problems in the past, strengthen your credit rating with these common sense strategies.

  • Balance Your Budget – Working out a balanced spending budget ensures your monthly expenditure stays within your means to pay. When an unexpected expense undermines your cash flow, you can borrow money to pay the bill, before returning to your regular spending patterns.
  • Make Every Payment on Time – Late payments not only impact your relationship with creditors, but paying late can also lead to negative credit reporting that reduces your credit score. For the best results maintaining a strong credit rating, make timely payment on loans, credit card accounts, service contracts, and other financial obligations.
  • Check Your Credit Score – Credit reference agencies strive to keep accurate records, but the for-profit companies don’t always present accurate information. In order to ensure your personal data and credit records are properly reported, experts recommend checking your credit report at least once a year.
  • Avoid Overutilising Credit Resources – Consumers commonly reach for convenient credit alternatives such as credit cards and store cards. Responsible account management can help boost your credit score over time, as you spend within credit limits and make timely payments. Overutilisation, on the other hand, can have the opposite effect, resulting in a lower score. To keep your rating on the up, avoid spending too much of your available credit line, instead leaving a portion of your credit limit unused.

short term loans

Personal finances ebb and flow, as you earn and spend in a continuous cycle. Under certain conditions, you may need to borrow as much money as you need between paydays. When your household expenditure outpaces your income, online lending opportunities offer timely relief.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.