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).

Use Same Day Loans When You Need Cash Now

Some spending obligations are easier to plan for than others are. The amount of rent you owe is the same each month, so it’s not hard to prioritise payment and put by cash for your landlord. The cost of your TV license stays steady, unless the government decides to hike the price, making it easy to anticipate the charge and reserve money for the bill. Your car finance is broken into equal monthly instalment payments, giving you time to account for the expense.

All of these costs of living remain fairly consistent over time, creating a manageable monthly flow. But what happens when spending spikes or unexpected expenses interfere with your household budget? Unless you have money available, specifically reserved for household spending emergencies; the circumstances can leave you short on cash.

When you’re faced with unforeseen financial demands and you need cash, same day loans provide straightforward solutions for a variety of unanticipated spending challenges.

Omacl is rated 4.85 stars by Reviews.co.uk based on 13 reviews

What is a Short-term Same Day Loan?

Various types of financing are used to cover costs when you don’t have cash on hand to pay the full amount, all at once. For example, when buying a house, a mortgage is used to secure the property, because you probably don’t have a lump sum of money available to pay the whole house price. The mortgage loan is then repaid over the course of many years, unless you choose to remortgage during the term, which changes your repayment schedule.

A mortgage is an example of long-term financing, whilst same day loans serve short-term finance needs.

As you make monthly mortgage payments, some of the money is applied to the principle balance of the loan, while another portion of the payment goes toward the interest owed on the mortgage. After successfully completing a long-term payment schedule, you own the house free and clear, receiving title for the property.

Similarly, you may need to finance a car purchase. Car loans are available from dealerships and private lenders, extending repayment terms for a number of years, until you’ve paid the full amount. Though car loans provide another example of long-term financing, they are commonly repaid within a few years, compared to mortgages, which may take decades to satisfy.
Unlike mortgages and car finance, same day loans specifically serve near term needs. They provide perfect solutions when you need to get cash, but you must plan to repay them in weeks or months, according to the terms of your loan agreement.

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). 

Answer these questions to measure the fit for same day loans:

  • Do I need cash now?
  • How much money do I need?
  • Do I require short-term or long-term financing?
  • Can I repay the loan on time?
  • Am I eligible for same day loans?

Advantages of Same Day Financing

Same day loans aren’t the only answer when you need cash now. You may rely on another source of funding or approach your cash flow problem from another angle, such as:

  • Borrow money from a family member or close friend
  • Add the charges to your revolving credit card account
  • Raise money selling personal possessions
  • Use overdraft to cover the expense
  • Work out a payment plan
  • Earn extra money at work
  • Start a second job
  • Return recent purchases to the store for refunds
  • Cancel subscriptions and services to reduce your bills

It may be possible to make financial headway by adopting one or more of the methods listed above, but there are inherent disadvantages to proceeding with most of these strategies. Depending upon your circumstances, some of the solutions may not be available to you, at all. For instance, you may have already reached your credit card limit, and overdraft might not present a realistic solution.

In other cases, the pressing financial demands you’re facing may prevent you from working out a plan, ahead of time. Same day loans serve the kinds of urgent circumstances, when you need cash now and don’t have time to earn extra money or sell personal items to raise cash. The loans are quickly funded, providing rapid access to critical cash, helping you resolve financial issues, without delay.

Flexibility is another one of the benefits of utilising short-term loans for unexpected expenses. In addition to getting fast access to essential finance, you’re not restricted as to how you use same day loan proceeds.

Flexible Finance Solutions When You Need Cash Now

Spending demands fall across a wide range of financial functions, so flexible funding can help you address various monetary challenges. When you take a loan at the car dealership, it’s only valid, paying for your new car. But short-term loans are not restricted, so you can apply the cash wherever it’s most needed. Common ways people use same day loans include the following possibilities.

  • Replace a failed appliance
  • Make unexpected car repairs
  • Cover college costs
  • Pay household bills
  • Care for your pet
  • Fix broken electronic technology
  • Pay a fine
  • Replace stolen items
  • Buy last minute gifts
  • Complete repairs to your house
  • Pay expenses related to health care
  • Fund holiday costs

This partial list of spending demands represents a small sampling of the ways you might choose to use flexible same day financing. As soon as you’re approved for a loan, this alternative form of funding transferred instantly and ready to use as you wish.

How Do I Qualify for Same Day Loans?

Applying for same day loans takes about as long as enjoying a cup of tea. The online process starts with a basic application, asking only for the information needed to guide you through to approval.

Your online loan request provides streamlined access to several lenders, at once, and takes only minutes to complete. As soon as you submit the form, safe software conveys your information to more than one lender, enabling top providers to evaluate your eligibility.

same day loan need cash

Qualified applicants quickly receive loan offers onscreen, outlining funding terms and repayment conditions. Your offer amount may match your request or the lender may choose to extend a lesser amount, based upon specific eligibility criteria. Either way, you can decline the loan or accept it and continue with the seamless funding process, structured for speed and simplicity.

After you accept the loan offer, all that’s left is transferring funds to your bank. Once the lights are green, the money is sent directly to your account, according to the preferences you shared whilst applying. Depending upon the time of day and how fast the lender can process your loan, the cash should arrive within hours of completing the approval sequence.

Choosing the Best Lender for Your Funding Needs

With a range of borrowing options at your disposal, it can be hard working out which lender is right for your finance needs. When you need cash now, same day loans present clear advantages over other finance options, such as credit card cash advances and money transfers from your card account.

The application process for short-term loans caters to fast approval, so you won’t wait days to find out whether or not you’re eligible. As soon as your application gets the nod and you’re matched with a top lender, you can expect fast funding, direct to your bank account.

Applying online further accelerates the funding process, even for £200 loans, allowing you to complete a single form, and then sit back whilst several lenders work out your best deal. Though you could individually connect with various lenders, one by one, it may take hours or even days to do the required research and follow through with multiple applications. Why not let a single loan request match you with the best lender for your same day funding needs?

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

Prompt Repayment Protects Your Credit File

Each time you borrow money, lenders evaluate certain aspects of your credit history. They don’t always need a complete background check to approve your application, but it’s still important to put your best foot forward when making funding requests.

Paying back your same day loan on time, according to the terms of your agreement, protects your credit file and prevents agencies from making negative reports. Over time, a pattern of prompt repayment can actually work in your favor, strengthening your credit score and making it easier for you to acquire future financing. Each case is unique, but you can’t lose following these steadfast rules:

  • Pay on time, every time
  • Track monthly credit statements
  • Consult debt charities for help managing balances
  • Monitor your credit score
  • Take precautions against identity theft
  • Don’t borrow more than you can afford to repay
  • Destroy unused credit cards

Try same day loans when you need cash now. The flexible credit alternative provides the money you need, without complicated applications or a long wait for approval. Simply submit your straightforward online request to find fast funding today.

same day loans need cash 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.