Emergency loans from £50 to £5,000

In a financial emergency but short of cash? An emergency cash loan could be the perfect solution. We arrange emergency loans for UK residents with bad credit options available. Pay back over 3 - 24 months.



Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

In a financial emergency but short of cash? An emergency cash loan could be the perfect solution. We arrange emergency loans for UK residents with bad credit options available. Pay back over 3 - 24 months.

When an emergency happens, it can be easy to panic and jump to the worst case scenario. If you’re experiencing a financial emergency or crisis, the first thing you should do is take a deep breath and step back to look at the situation as a whole.

There are lots of things that happen in life that are out of our control, and often these emergencies happen when we are least prepared for them.

Whatever the problem is, there are always potential solutions to consider. In the event of an immediate expense that needs to be paid, an emergency loan could be just what you need.

Need emergency money now? Live in the UK? We can help

Life has a funny way of throwing us a curveball when we least expect it. Just when you feel financially stable, your car will break down and need fixing a week before payday. Or your boiler will pack in just as winter kicks in.

We don’t always have funds readily available for these situations, so if you need emergency money now and you live in the UK, we can help.

What is an emergency cash loan?

An emergency cash loan is a short term form of borrowing that lets borrowers access the money they need quickly, usually on the same day. Emergency loans tend to be for fairly small amounts and are paid back over a shorter period of time than a standard loan.

These loans are taken out to cover unexpected costs that are out of our control. They are commonly used to help people pay for immediate expenses, such as vital household appliance repairs or medical bills.

Other short-term loans that are similar to tend to be payday and instant cash loans. As the need for money tends to be an emergency, hence the name, lenders will perform a credit check on the borrower but will also take into account employment status and current financial status. This means even if your credit history isn’t great, the lender will make a decision on your current circumstances rather than if you’ve missed a payment with a previous credit agreement.

How do emergency loans work?

Emergency loans work by providing borrowers with enough money to cover unexpected expenses. This type of funding should only be used in a financial emergency, and only once you have exhausted your other options.

They work similarly to other loan products, however they are usually able to be paid out on the same day of application. After you have received your emergency money, you will be required to make repayments in instalments at a pre-agreed interest rate until the amount has been repaid in full.

What can I use an emergency loan for?

As mentioned, emergency loans should be used for emergencies only. So, let’s say you needed urgent car repairs or dental work, this solution could help you.

Most people use emergency cash loans because they just don’t have an emergency fund saved up for a rainy day. It’s rare to find people in this current economic climate who have an emergency fund, so many people are turning to this type of loan when crisis strikes.

Although there are no restrictions on how you use your emergency loan, it They definitely should not be used for casual spending or non-emergencies. These urgent same day loans are commonly used to cover:

  • Medical or veterinary bills
  • Funeral costs
  • Urgent household repairs
  • Urgent vehicle repairs
  • Essential living expenses
Couple in need of an emergency cash loan

What are the pros of an emergency loan?

Emergencies can cost a huge amount of money. When funds aren’t readily available, this can be a scary position to be in. The main advantage of emergency loans is The reason so many people tend to choose this loan is because of how quickly you receive the money. Other pros of emergency cash loans include:

  • Instant Approval: Many borrowers apply online and receive a decision from the lender almost immediately. Emergency loans tend to have high approval rates, so it’s no wonder why they are so popular.
  • Bad Credit Options: Another helpful aspect of the loan is that your lender will take into consideration your employment status and current financial status. This means that even if you have a bad credit score, you could still be eligible for the loan.
  • Fast, Online Application: You can apply for an emergency loan online, which gives you the advantage of being able to submit an application from anywhere, at anytime. When an emergency strikes, the last thing you want to do is spend time waiting for the relevant open hours, this is not the case with these online applications.
  • Lower Risk: Emergency cash loans tend to be unsecured, which means that you don’t have to put forward your personal assets as collateral for the loan. This lowers the overall risk of borrowing, as the lender will not seize your assets in the event of non-payment.
  • Safe & Secure: You can borrow with peace of mind knowing that your emergency loan provider has been approved by the Financial Conduct Authority.

What are the cons of these emergency loans?

Getting the money you need quickly, there’s got to be a catch right?

Well, not quite. However, it’s important to understand that emergency loans carry much higher interest rates than your standard long-term loan.

With that being said, with an emergency loan, you’re meant to pay it back fairly quickly, and therefore the amount you pay back may not be quite as high as you thought. As long as you keep up with your repayments, then you shouldn’t have any problems.

The main disadvantages of emergency loans are:

  • Higher Interest Rates: When you take out an emergency short term loan, be aware that the interest you pay will be higher than with other personal loan products. However, interest rates vary lender to lender, and at ThisLender we work hard to find you the most competitive rate available.
  • Borrow Less: These loans tend to be borrowed over the short term, which means typically you will receive a smaller loan amount.
  • Bad Reputation: Emergency loans are associated with lenders that charge exorbitant interest rates and fees, taking advantage of people in vulnerable situations. To mitigate this, make sure you check to see that your provider is reputable, and listed on the Financial Services Register.

Can I get an emergency loan with bad credit?

Yes, you can get an emergency cash loan if you have poor or bad credit. In the past, many people have been prevented from securing funding as a result of their credit file. However, there are now a lot more options for people who need emergency loans but have adverse credit.

If you’re looking for an emergency loan for bad credit, look no further. Selected lenders on our panel offer options for people with a less than perfect credit score. When analysing your application, they will look at a range of data to assess your creditworthiness.

Can I get an emergency loan with no credit check?

No, you cannot receive emergency loans with no credit check having been completed. These credit checks are a lending requirement that have been put in place by the Financial Conduct Authority to keep you protected when borrowing money.

We can’t stress this enough - all trustworthy providers will require a credit check to be conducted before they agree to lend to you. No matter how big the emergency, don’t accept funding from a lender in the absence of a credit check.

Further, if you do have bad credit, you still have options to receive an emergency loan. As mentioned above, our lenders will look at the full scope of your financial situation, as opposed to your credit score alone. They will also take your employment status and income and expenditure into account.

The best part? They can do all of this quickly. Which means you still have the chance of receiving your money on the same day.

How much emergency cash can I get?

The amount of emergency money you can borrow will depend on your current financial situation. Lenders will assess your income and outgoings carefully to work out how much you can afford to borrow.

Generally speaking, emergency loans tend to be taken out for smaller amounts of money, and sometimes your requested amount may be lower than the loan amount you are offered.

Am I eligible for an emergency loan?

You may be eligible for an emergency loan if you meet the lender’s requirements. We welcome you to make an application if you meet the initial eligibility criteria:

  • UK resident
  • Over the age of 18
  • In regular employment
  • Have a UK bank account and debit card
Apply for an emergency cash loan

What repayment periods can I expect with emergency loans?

Once you have been matched with a suitable lender, you will discuss the emergency loan’s terms and conditions directly with the lender. There are lots of options for repayment available, from 3 months to 24 months.

Because an emergency cash loan is a short term form of funding, it is typically repaid over a shorter period of time (under one year).

Be sure to agree upon a loan term that suits your needs. Never borrow more than you can afford to comfortably repay within the time provided.

What to consider before taking out an emergency loan?

Always do your research first. Any lender or broker you choose should be regulated by the FCA. You can quickly check this on the Financial Services Register. By law, lenders need to ensure that they only lend to borrowers who can afford it and must make every effort to increase borrowers’ awareness of the cost and risk of borrowing.

Also, track all of your spending habits, your outgoings and what you have coming in, so you can get a clearer view of how you will be able to pay the loan back with interest. It’s important to make sure you know exactly how much you will have to pay back and how long you have to pay it back.

If you start to default on your emergency loan payments, you could be hit with a late payment fee. This will then be flagged up on any credit check you have in the future and will, therefore, make it harder for you to obtain a loan.

How can I apply for an emergency loan in the UK?

If you’re certain you need an emergency loan, it’s time to start the application process. Always remember that emergency cash loans should be used for emergencies only and after every other option has been exhausted.

Instead of applying for emergency loans through direct lenders, you can use a broker like us. We have a panel of direct lenders that we will automatically assess your profile against. All you need to do is complete our free, online application which takes 5 - 10 minutes.

As soon as you’ve passed the initial application stage, you will start to receive tailored quotes from lenders we’ve matched you to. At this point, you will speak directly with your chosen lender to discuss the emergency loan terms. The lender will do their due diligence and run further checks before the agreement is finalised.

If used correctly, this type of loan can give you the chance to show lenders that you can make repayments on time and are a responsible borrower with a sensible attitude towards money.

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.

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Access from £50 to £5000

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Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

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