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).

Instant Loans Provide Quick Funding When You Need Cash Now

Are you a little short of cash this month? Has an unexpected expense come up, causing a money crisis? Do you need a financial bridge to carry you to your next payday? If any of these financial concerns ring true, instant loans may provide timely relief.

Top online lenders furnish instant cash for UK applicants with immediate financial needs. When you simply can’t afford to wait out a lengthy approval period or jump through lending hoops, completing an online application for quick cash is all that stands between you and an instant loan.

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). 

What is an Instant Loan?

Online financing, such as UK instant loans, provides access to quick cash for addressing short-term spending demands. When pressing cash concerns create financial pressure, you may be able to correct your cash flow with an instant UK loan.

Instant loans are among a number of short-term online products designed to provide a financial lift between paychecks. The loans fund quickly, so they are a perfect choice for addressing spending demands requiring immediate attention. Unlike mortgage financing and other long-term finance commitments, instant loans are rapidly repaid, within weeks or months of funding. Loan amounts are relatively small, topping out at £2,500.

What if You Don’t Have Perfect Credit?

Credit scoring is an important consideration any time you need financing, particularly when requesting loans from conventional banks. Lenders use your credit score and information in your credit file to evaluate risk and qualify your application for loans. If your credit history doesn’t pass muster, you may be rejected by banks and building societies, fearing you won’t be able to repay borrowed money.

Instant loan providers online also evaluate applicants’ finances, but they often place more weight on employment and earnings when making affordability assessments. The streamlined credit review process results in higher approval rates for loan applicants – including those with imperfect credit.

Maintaining a good credit rating is important for your long-term financial health. Credit reference agencies (CRA) are private organisations that continually monitor consumer credit activities. Each time you open a new line of credit, make a payment on an existing account, or run into trouble with creditors, CRAs document the event, affecting your overall credit rating. It is much easier to build and maintain a good credit score, than it is to recover from a major credit downgrade.

What’s in My Credit File?

As you borrow and repay money, over time, each positive outcome boosts your credit score. Late payments, loan default, house repossession, and other negative credit outcomes have the opposite effect on your credit rating, pushing your score lower each time you fail to make good on credit obligations. Your credit file contains important information about you and your finances, including specifics such as:

  • Legal Name – Credit agencies confirm your legal name and aliases so that your credit record accurately reflects your whole history.
  • Address – When you apply for loans, banks want up-to-date address information, provided by CRAs.
  • Date of Birth – DOB helps lenders confirm your identity.
  • Electoral Roll Information – Are you on the electoral roll at your current address?
  • Late Payment Information – Late payments are recorded by credit reference agencies, creating a snapshot of your payment history on both existing accounts and accounts previously held in your name.
  • County Court Judgements – When you don’t make good on debts, creditors may file legal action to recover funds. Your credit file documents any County Court Judgements (CCJ) that have been recorded against you, resulting from non-payment.
  • House Repossession – Your lender holds title to your house until your mortgage is repaid, so failure to keep up with house payments ultimately results in repossession. This is among the most substantial deficiencies that appear in credit files. It is a long road back to a good credit score, after experiencing this significant credit downgrade.
  • Insolvency – Insolvency is another major setback that has a catastrophic effect on your credit score. You should make every effort to avoid insolvency, working with creditors to find solutions, before the circumstances spiral beyond your control.
  • Individual Voluntary Agreements – When you’re in financial crisis, it may be possible to enter into an individual voluntary agreement, avoiding worse credit consequences. The outcome is better than insolvency, but still has a negative impact on your overall credit rating.

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

Each time you apply for a bank loan, credit reference agencies such as Experian, Equifax, and TransUnion, supply lenders with information that helps them evaluate your creditworthiness and make decisions about your loan application. The “hard” credit pulls conducted by banks shine a light on your entire credit file; with a history of poor credit, your loan application may not be approved.

Because instant loans are quickly repaid and loan amounts are kept below £2,500, online lenders may be able to fund your loan request, when traditional banks and building societies cannot. The timely loans serve immediate financing needs, so instant lenders use “soft” credit checks to pre-approve applicants and streamline the review process. Their speedy service works to your advantage, when you don’t have time to wait for much-needed cash.

What Are the Rules for Spending Instant Loans?

Various types of funding are earmarked for specific purposes, such as buying cars and financing other big-ticket purchases. Instant UK loans do not have such restrictions – you can spend the money any way you want to. The flexible funding alternative provides cash for everything from holiday to household bills. Approved applicants use instant loan proceeds to address financial demands such as:

  • Education Expense – With a family member attending uni, it’s not uncommon to encounter unexpected expense, on the way to earning a degree. Student finance can help you tackle a bulk of your school spending obligations, but you may also need fast access to cash whilst pursuing an education. Instant loans fit the bill for education expenses, providing short-term resources for books, housing, day-to-day spending, and other college costs.
  • Car Repairs – Mobility is a must for most UK families, so car trouble can be a major setback. When your car lets you down, an instant loan can lift you up, furnishing funds to make repairs. Whether you need new tyres, motor work, or help catching up on overdue maintenance, instant loans provide the quick cash needed to keep you on the road.
  • Medical Costs – Illness and injury not only call for doctor visits, but may also lead to supplemental spending. Instant loans can help you manage health care costs such as lost time from work, travel expense to visit sick relatives, and bills during rehabilitation.
  • Increased Cost of Living – Just when your household budget comes together, cost increases can disrupt your financial flow. If you thought you had expenses covered, but rising living costs are in the way, an instant loan can help deflect rising prices at the supermarket, climbing energy expense, and petrol prices on the up.
  • Travel and Holiday – Getaways serve as rewards for your hard work, so it’s important to occasionally indulge on holiday. Although you can pay for travel with credit cards, an instant loan may provide a more economical alternative, keeping travel balances off your card.
  • Household Spending – From the clothes washing machine to kitchen fixtures, your house needs continuous attention, often calling for cash. Instant online loans can help you replace a failed appliance, update plumbing, patch your roof, or address any other needed repairs at home.

These are only a few of the most common ways UK credit consumers use instant loans. You decide how to spend your loan, without restrictions.

How Do I Get an Instant Loan?

Omacl is a loan broker, connecting lenders and UK borrowers needing fast cash. The quickest path to funding is our easy online application, which takes only minutes to complete. You must at least 18 years old at the time you apply, and maintain a current account, where your loan proceeds will be transferred, upon approval.

Qualified applicants must also show sufficient means for repayment, such as a part-time or full-time job. In order to confirm loan affordability, you’ll be asked to provide details about your employment history and monthly income. As long as you apply with adequate earnings and a stable employment record, there’s a high probability you’ll be approved for an instant loan – even if your credit file shows minor missteps, over the years.

After applying for an instant loan, your financing request is matched with a top UK lender, ready to make an offer. You may be granted the exact amount for which you applied, or the lender may decide to offer a different amount, based upon your credit qualifications. Instant loans are rapidly funded, so the waiting time is short, between approval and cash arriving in your current account.
Several short-term funding alternatives are available in the UK, addressing pressing money demands. Instant loans provide one such solution, granting access to quick cash when you need money now.

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.