Guaranteed Payday Loans – Do They Exist?

£100 - £5,000 paid out by 04:22am

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

Representative Example: Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Need Access to Fast Cash Today? Are Guaranteed Payday Loans the Answer?

Times are tough, most of the public are struggling to make ends meet. And sometimes a little extra helping hand is necessary. Even if just to tide you over until your wages land. Emergency, unwanted expenses occur at the worst possible time. Often when the cash simply isn’t there to readily cover them. But still the need to pay for them urgently remains. This is where short term lending can be a huge help. And this is what Omacl Loans specialises in.

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Representative Example: Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Omacl Boasts Industry Leading Acceptance and Approval Rates – 97%

Here at Omacl, we offer a range of short term lending products boasting highly flexible and financially competitive terms. Particularly in the payday lending arena. And whilst technically there is no such thing as a guaranteed payday loan, we do possess one of the higher acceptance and approval percentages in the UK. This is in part a credit to our vast direct payday lender network. But primarily down to our partners adopting an affordability over credit ratings/scores/reports approach. So even those with a poor or downright bad credit history will still have an excellent chance of approval.

You can apply online for a payday loan in as little as 2 minutes. We can’t guarantee approval, but you can get an instant on-screen decision. A lender may also offer you a lower amount or longer term than you originally requested. You are under no obligation to accept this revised offer, however. At the time of acceptance, the lender will guarantee the loan offer.

Increase Your Payday Loan Approval Chances

It may not be possible to guarantee a loan for all customers due to the specifics and circumstances surrounding any given application. But you can improve your chances of getting approved dramatically. Our partners want to make sure you are who you say you are primarily and that you have the required funds available month to month to service any loan you take on. This is the cornerstone of the responsible lending framework which all the FCA-approved lenders in our network strictly adhere to. A framework which is beneficial to both the broker, lender, and customer. Particularly in the case of payday loans where irresponsible lending has historically plagued the industry.

Better Data Equals Better Chances

The above statement couldn’t be more valid when applied to loan applications. Lenders want to feel comfortable knowing that they have sufficiently verified the identity of the applicant. And from a financial viewpoint, that you have the funds available and financial stability to take on a loan. Accurately filling in personal details such as your full name, current address, phone number and email address will ensure the lender has the best chance of confirming your identity. And documenting the amount, source and payment frequency of your income will paint the perfect picture in terms of affordability. Particularly when coupled with a detailed overview of your expenses. This is a key factor if not THE key factor in determining approval.

Omacl Loans Eligibility Requirements

Taking out a payday loan via Omacl is relatively straightforward. And whilst we cannot offer guaranteed payday loans, we still aim to make the entire process a quick, easy, and even enjoyable experience.

Our application process has been refined extensively. We now only require the most basic personal information and an overview of your current financial situation. From this, our lenders can make an instant decision. The whole process takes less than 5 minutes from initial application to approval and is an entirely seamless, web-based operation. Most of our lending partners are also able to distribute the loan funds on the same day you apply. Sometimes even within the hour! This makes us one of the fastest payday loan providers in the sector.

*Applying for payday loans over the weekend or during bank/public holidays may delay fund disbursement until the following working day.

You must meet all the following eligibility requirements if you would like us to process your payday loan application. We will not guaranteed any loan, but assuming you meet the following and have a regular source of income, there is a high chance we will match you with a payday lender who can facilitate your loan request.

Ready to apply? You must meet the following requirements: –

  • You must be at least 18 years of age.
  • Have a UK address and phone number whilst also being a full time resident.
  • Hold a UK bank (current) account and have your income paid into it.
  • Have a regular income. This can be from gainful employment, self-employment, or benefits. *Some benefits are classed as income, some are not. So please check before applying.

Omacl offers a no guarantor loan service, across all loan types. So the above must solely apply solely to you, the applicant. Not someone applying on your behalf or an individual you intended to use a guarantor. Please be as accurate as you can with the information you enter. Your application is solely dependent on it. There will be no follow-up calls, paperwork, or additional verification checks.

Borrowing for the Short Term with Bad Credit or Unemployment

A perfect credit record is something that very few can maintain. It’s so easy to inadvertently pick up a black mark here and there whilst you’re on the limit month to month trying to make ends meet. And those who do only miss the odd payment here and there are considered the lucky ones. For many, particularly those who suffer from downright bad credit rather than simply poor or a “low” score – getting approved for any kind of loan can seem a virtually impossible task. Even a payday loan where the eligibility criteria is somewhat more relaxed.

As a short term loan broker, we understand this. We know who our customers are and the situations they find themselves in. We know why they need us, and more importantly what we can do to assist. This is what keeps customers flocking back to Omacl. It’s not just our super-fast service, high acceptance rate and same day transfers. It’s the overall understanding of the customer, market and situations that arise that sets us apart from the competition.

Suffering From Bad Credit?

Some of the more common causes of bad credit include: –

  • Lack of electoral register presence.
  • Historic late or missed payments.
  • County Court Judgements (CCJ’s), debt management products or bankruptcy.
  • Exceeding pre-defined credit limits or over exposure.
  • Frequent address changes (more than once every 3 years).
  • Unauthorised overdrafts.
  • Lack of reporting due to never having taken on credit.
  • Old but open historic accounts with no activity.

Borrowing Money Whilst Unemployed

Omacl will happily accept payday loan applications from those who are currently unemployed. The application process, lender exposure and loan terms are identical to those in regular employment. To be eligible however, you must have a regular source of income that can be used to service the loan. Common income types for those unemployed but still seeking short term lending solutions are benefits and pensions. Please do check however that your specific type of benefit can be used for borrowing purposes.

No Guarantors Required

No guarantors are required across our entire range of payday/short term lending products. Nor will you be afforded the chance to suggest one if you’re not approved for a loan personally. Therefore we stress that you’re as accurate and honest as possible throughout the application process. With that said, however, our lending partners do take a flexible approach to lending and creditworthiness in general. So even if you have been refused elsewhere or have perhaps required a guarantor in the past – there is still a high chance that one of our lenders will make an offer to you. Even if it cannot technically be guaranteed.

guaranteed payday loan

About Our Service – Applying Online, Loan Amounts and Terms

Now for the details. Below we’ll run through how our service works and exactly what we can offer you in terms of loan amounts and flexible repayment terms. And whilst we don’t offer a guaranteed payday loans service, our regular service affords the opportunity to take on short term credit for many applicants. Even those with bad credit. Especially when coupled with our industry high approval and acceptance ratio.

Applying Online

Omacl operates a 100% web based service. Our application and processing systems are based solely online, as are our lending partners. This is how we’re able to operate such a fast, instant decision loan service without the need for laborious paperwork, additional credit checks or uncomfortable phone calls. Our system is able to present you with a loan offer in less than 5 minutes. The process is the same if you’re applying for £500 or £500.

Loan Amounts

Omacl takes a flexible approach to loan amounts. We understand that each customer has their own requirements and when it comes to payday lending, people typically only borrow what they specifically need at the time versus a personal loan which are often for fixed, specific amounts. Via the Omacl.co.uk website, you can apply directly online for a short term loan for any purpose with amounts ranging from £100 – £5,000 (and any amount in between).

Loan Terms

All the various loan types offered at Omacl.co.uk can be taken out over as little as one month right through to 36 months at the upper end of our term range. Please consider that interest rates are calculated and applied on a month-to-month basis. So prolonging your loan term unnecessarily will lead to higher interest amounts. And subsequently larger repayments.

You will be presented with an overview of the total cost of the loan along with a breakdown of the repayment schedule. It will also show you how much interest you’re paying for the specific loan term you requested.

How Does Omacl Compare?

Omacl Loans
Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
Good
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?
No
Easy repayments

Alternatives to Guaranteed Payday Loans

The guaranteed payday loan product isn’t for everyone and whilst most solutions offered in the short term lending sector are similar in their nature, there are alternatives available that may perhaps be a better fit for your own current needs. We’ll look at a handful of the more common payday loan alternatives below. And also offer an insight into what makes them a popular choice. It is important to stress that none of the solutions below come in the guise of a “guaranteed” loan. But some may be more suitable for you needs or even offer a high chance of approval (depending on your requirements).

Short Term Loans:

A short term loan is typically a loan taken for less than 6 months. This applies to both personal and payday loans and is often used to make ends meet or to cover a single, one-off expense. They can be used to raise cash in an emergency and are often less than £1,000 in value. Like most online lending solutions, short term loans are considered cash for any purpose and like payday loans, you cannot get guaranteed approval.

Quick Loans:

Most online lenders offer “quick loans” in the traditional sense. The loan amounts and terms the loans are taken over vary wildly but the common factor is that application, approval, and the resulting fund transfer to your designated bank account – is quick. Quick loans as often turned around in less than 24 hours. Some online lenders and brokers such as Omacl can even facilitate loans on the same day of the application provided it is received during regular business/working hours.

Cash Loans:

A cash loan, as with a payday loan is for any purpose. That essentially means that you’re loaned a lump sum, cash amount and it is yours to do what you please with (within reason). You do not need to specify why you are borrowing the money. And what you need it for. Nor do you need to show proof of purchase as you would with a loan tied to a vehicle. Or any other form of asset for that matter in order to get the cash advance you need.

Direct Payday Lenders vs Loan Brokers

If you have ever tried to borrow money online in the past, you’ll have no doubt encountered both loan brokers and direct lenders. Both parties seemingly offer the same product for the same terms etc. And for the most part, it is exactly that. We know that the loan terms we offer here at Omacl are identical to those offered by our lending partners individually. We simply provide a way to make it quicker and easier to apply to all of them at the same time. But some specifically seek out loans from direct lenders, no brokers etc as they think they’ll get a better deal overall.

Below we’ll run through the pros and cons of going direct versus using a broker in the hope that you can find a solution that suits your current financial situation.

Direct Lenders

Applying via a direct payday lender has numerous advantages. And whilst none will be able to offer you a guaranteed payday loan, you can certainly use the fact you’re in touch with them directly if you are refused. Given they’re ultimately the decision makers, they may be more understanding of your situation and opt to fulfil your request in a way that an automated system such as ours cannot. In addition, discounts may be offered when going doing that aren’t afforded to their brokerage partners.

The main drawback of applying with a direct lender is that it is only they who will see and consider your application. And if it is refused (for whatever reason), you may find yourself needing to apply to multiple individual lenders which could have a detrimental effect on your credit score if said lenders choose to run a hard search on their bad credit loan applicants.

Payday Loan Brokers

The main advantage in using a broker is sheer volume. By using a system such as the one offered at Omacl.co.uk, you can complete one application form and have 30+ different lender systems see it immediately. This is a perfect solution for those with bad credit as it is highly likely at least one lender can fulfil your request or at least propose an alternative solution. Brokers always boast a higher acceptance and approval average over direct lenders for this very reason.

It is a common misconception that a payday loan taken out via a broker will come at a greater expense than going with a direct lender. This simply isn’t true. Our rates are identical to those afforded by our lending partners and there are no fees or charges whatsoever from our side.

Can I apply for a payday loan with bad credit?

Here at Omacl, we accept payday loan applications from all applicants, regardless of credit score. We offer one of the highest approval rates in the industry with 97% of applicants with a poor credit profile being offered a short term loan. You will receive an instant, on screen decision after completing our quick and easy 2 minute application form.

Are the payday loans offered by Omacl guaranteed?

All loan applications are considered provided you meet the eligibility criteria. Omacl has one of the highest acceptance rate in the industry with over 97% of loan applicants being approved for a loan, regardless of their credit status or history. This makes the chance of being accepted extremely likely.

Does Omacl perform a credit check?

Omacl does not perform any kind of credit checks on its customers. Once you’re approved for a loan, you will receive an offer from one of our lenders. Should you choose to accept that offer a soft search or soft check will be performed by the lender to make sure you meet the basic eligibility criteria. This check does not leave a lasting mark on your credit report as a hard search would such as those being performed by your bank or credit card company.

How do I apply for a payday loan via Omacl?

Applying for a payday loan at Omacl is extremely quick and easy. All you have to do is fill in our online application form at here – it takes less than 2 minutes to complete and you”ll then be presented with an instant, on screen decision which will tell you whether or not you’ve been approved. You will then have the option to accept or decline the loan offer presented to you.

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.