Same Day Loans for Bad Credit

£100 - £5,000 paid out by 11:47pm

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.

Advantages of same day loans for bad credit

There are very few loans available for those people who have a bad credit rating. There are some advantages therefore of them taking out short term loans online. These are a type of short term loan which are arranged so quickly that the money is normally available same day. They also tend to be available for most borrowers, even those with a poor credit rating.

No credit check

If you have a poor credit rating then it is likely that you will get turned down for many types of loans because of it. Many lenders will feel that you are too much of a risk to lend money to. Other lenders may lend to you, but offer you a much higher interest rate than their advertised rate and it could end up with your repayments being too high to manage and you could feel unfairly treated compared to other customers.

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). 

Choice of lenders

You may find that if you have a poor credit record then it is difficult to find many lenders that will be interested in even considering you for a standard loan. However, companies that offer same day loans for bad credit record holders, will consider anyone. This means that you can take a look at all of these types of lenders and compare them as they will be very likely to lend to you.

You may in fact find that it is rather confusing having so many to choose from, particularly as they may not be lenders that you are familiar with. You may not have heard of them and be concerned that you do not know much about them or who to choose. You may not even know how to find them. There are now companies, such as Omacl who will match your loan request with multiple lenders at once enabling you to essentially submit your application to lots of different lenders seamlessly in order to get the deal you’re looking for. All you have to do is to let them know, using an online form, how much you want to borrow and over what term and they will give you details of the lenders which can offer you what you want and how much they will charge. This will allow you to reduce your search and you can just investigate the lenders which they suggest and this will take a lot less time.

same day loan bad credit

Varied repayment terms

Different people can manage different repayment terms and with a choice of lenders you should be able to find one that will suit you. It is commonly thought that pay day lenders will always ask for all the money back; plus interest, when you next get paid, however, not all short term loans are like this. It could be that you will be able to find a lender that will allow you to repay in instalments which can make the repayments much more manageable. Although you will have the loan for longer, it should mean that you will be able to more easily afford those repayments and have enough left to cover your other costs as well.

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


Short term loan companies are now regulated in many cases. Omacl only pick from lenders that are regulated and this means that you can be confident that if you choose a loan that they suggest you will be better protected. Regulators work on the side of the borrower to make sure that they are not being unfairly treated and therefore it can make you more confident to take out the loan if you know this.

You may be reluctant to borrow money via a 12 month loan for a selection of reasons. However, if you do need money in an emergency, you may have little other choice. Also same day loans for bad credit are specifically designed for borrowers like yourself and so you should find that they fit all of your needs. The lenders understand that you cannot afford huge repayments or to repay over a long period of time, for example and so they only lend you a small amount of money making it easier for you to manage. There might be very few other options and those other options could be very much worse for you in the long run, but it is important to make the right choice for you.

same day loan bad credit

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