Quick Loans No Credit Check *

£100 - £5,000 paid out by 12:59pm

How much would you like?


Representative 669.35% APR

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).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.
*Omacl will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

Are Quick Loans with No Credit Check an Option?

In short, no as if you take on any kind of loan, even one branded as “no credit check” then should you choose to go ahead with that loan offer, a check will usually be performed. There are many people that are quick to criticise quick loans of this type but if you need to borrow money, then there are other alternatives that could also be difficult to manage. It is worth comparing different types of loans so that you can decide which will be the best. One of the most common ways to borrow money quickly is to use a credit card and therefore they are compared here so that you can see which might be the best for you.

Comparing Cost

Most people would assume that quick loans of any kind would be more expensive than a credit card, but this may not always be the case. If you compare the interest rates, then the credit card will look cheaper on paper, but this does not take into account the way that the loans are used, which can have a big effect on the actual monetary cost of the loan.

quick loan no credit check

For example, if you borrow a few hundred pounds using a small bad credit loan, then you will be charged a certain fixed rate, unless you do not pay it back on time. You will know exactly how much you are paying back and understand how much the charges are. With a credit card, you will not be told how much the loan will cost. This is because you will not have a repayment date and therefore can just repay the interest each month for as long as you wish. These interest payments will add up, but it is easy to forget how long you have been paying them for and how much they cost. If you do not repay the loan for a prolonged period then it could end up costing you a lot more money in real terms, even if the interest rate is lower.

How much would you like?

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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). 

Comparing length of debt

As stated above, you will have a repayment date with a quick loan, but you will not with a credit card. This means that the quick loan is more likely to be paid off quicker. Many people dislike being in debt and knowing that they will have to pay the debt off quickly will be a big relief. Although many people do choose to pay off all the money owed on their credit card each month, there are people that do not. This could be because they choose not to, they forget or they cannot afford to. Whatever the reason, it means that the loan will hang over for them for longer, potentially causing them stress and worry.

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Comparing amount borrowed

When you take out a fast loan, the lender will offer you a certain amount and will not be able to lend you any more until that debt is fully paid off. However, if you have a credit card, you will be able to borrow any amount up to the credit limit. Then if you pay a bit off you will be able to borrow again. This means that you could potentially borrow a lot more money. This may sound good, but of course, the more you borrow, the more you pay in fees, so having this money available to borrow could work out for the worst for you. It is worth keeping in mind however, if you are simply looking to get ideas on the affordability of a quick loan without the need for a credit check you can use a broker such as Omacl who will perform a soft search based on your application data. Should you be eligible you will then be presented with an offer from a specific lender which outlines the amount/terms and any interest incurred. You can then decide whether to go ahead and take out the loan at which point a proper credit check would be performed.

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

Comparing temptation

There is a temptation with a credit card to spend more money than you need. With a same day loan, you will be given an agreed amount and not be able to borrow any more. With a credit card, you may have a credit limit higher than the amount of money that you need. This means that you could be tempted to spend extra. You may decide to treat yourself or just use it to buy your regular shopping. If you do this, you will end up paying interest on the money you borrow if you do not pay it back when the statement comes. If you overspend, it is unlikely you will have enough money to pay it back and you will therefore have to pay interest on the borrowing.

quick loans no credit check

Comparing availability

You may find that a credit card is not even an option for you. If you have a poor credit record then it is unlikely that you will be given one. However, a short term loan is usually for a lower value and therefore you’re far more likely to be accepted. This means that you will be able to get one even if you have a poor credit record.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Omacl is a broker, not a lender, and does not make credit decisions.