What are Quick Loans?

Quick loans are short-term personal loans that can be obtained quickly. In a vast majority of cases, the lenders deposit the required money in the borrower’s bank account on the same day that the application has been received.

This loan is quick and convenient. Of course, in order to get the loan, you must provide correct and accurate information about yourself and your finances when applying online. If you meet the eligibility criteria for the loan, and the lender is satisfied with your repayment affordability, you will receive the loan in a fairly short time frame.

Why Choose Loan Broker for Quick Loans?

At Loan Broker, we specialise in helping people across the UK to find fast credit. We have on board, a pool of FCA-approved direct lenders, who will review your loan application in the swiftest manner possible, in as little as a few minutes of time. Once your application is reviewed and approved, you can expect to receive the funds in a matter of few hours.

Our online application and approval process is carefully designed to help you gain access to the funds in the fastest manner so that you can use the cash to meet your urgent needs without having to endure long wait times.

What can I Use the Quick Loan for?

Quick loans prove to be ideal for your needs for smaller amounts of cash quickly. Such loans are often taken by borrowers to meet one-off expenses, cover short term financial commitments or simply make certain important purchases.

While the lenders do not restrict the use of the money, it is important that you use the money wisely so that your finances stay in order, and you won’t face any debt-related problems in the future.

Is a Quick Loan Right for Me?

As is the case with every loan, even a fast loan comes at a cost – the upfront cost of the loan as well as the interest charged on the amount borrowed.

Hence, you must only opt for this emergency loan, if you absolutely need the money and do not have any other source of cash to rely on. Moreover, before taking the loan, you must work out a repayment plan which enables you to repay the loan on time and in full.

Can I get a Quick Loan with Bad Credit?

At Loan Broker, we understand that your creditworthiness should not completely depend on your credit rating. Hence, we have a pool of lenders who offer you a quick loan even with a bad credit history.

Of course, to be approved you must have a reliable source of income as well as should be able to afford the repayments.
You must, however, remember that the interest rates on quick loans for bad credit may be higher than usual. This helps the lender to dilute its risk proposition.

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Quick Loans FAQs

Yes. When you take a quick loan from direct lenders who are registered and authorised by the FCA, the loan is absolutely legal.
With Loan Broker, we have lenders who will give you a 14-day cooling off period, from the date of the loan agreement. If you decide to cancel the instant loan within the cool-off period, you can do so. In such a case, you will be given up to 30 days to repay the borrowed money. You will, however, be required to pay the interest for the period of time that you had the money in your possession. While this is standard practice, not all our lenders follow the same. Hence, we request you read the terms and conditions of the loan before signing the agreement to avoid any unwanted circumstances at a later stage.
While it is possible to take out more than one quick loan simultaneously, it isn’t considered financially wise. Having more than one loan can make the repayments difficult and, in some cases, unaffordable, leaving you with debt-related troubles.

If you meet the following requirements, you will be considered eligible for a quick loan from our FCA-approved lenders –

  • You are aged 18 years or over.
  • You are a current resident of the United Kingdom.
  • You are in a full-time, part-time, or self-employment.
  • You receive a regular income.
  • You have a valid bank account and debit card.

You must, however, remember that meeting these requirements is mandatory but doesn’t guarantee approval on your loan application. The lender will check your creditworthiness and loan repayment affordability, before approving your quick loan application. 

Find Quick Loan – With Loan Broker

Loan Broker is an FCA registered credit broker that operates across the major cities of the UK. All the lenders associated with it are also authorised by the financial regulator. The mission is to promote responsible lending and hence, our lenders perform soft credit checks to offer initial quotes. Soft credit checks are safe as they do not leave any footprint on your credit report and doesn’t even harm your credit report.

We do not charge any upfront fees to our consumers. We offer an array of unsecured loans such as – debt consolidation loans, self-employed loans, to help borrowers get back on their financial track. As a credit broker, we help our borrowers to find the right lender by considering their requirements. With Loan Broker by your side, you can choose no obligation loans. We are loan brokers, committed to extending a true hand of help for borrowers seeking hassle-free, and affordable loans despite bad credit rating.

Borrow responsibly and repay timely.