Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

£50 to £25,000

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Payday Loans

£50 - £995

Tick - OrangeOnline decision

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Tick - OrangeRates 278% to 1576%

Tick - Orange3-12 month repayment

Personal Loans

£1,000 - £25,000

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Tick - OrangeRates 4.7% to 278%

Tick - Orange3-36 month repayment

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.
Not all loan types and amounts are eligible for 20 minute payouts. Your chosen bank may increase the time you receive the funds.

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Loan amount
1,000 - 7,500
Loan term
12 - 60 months
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Loan amount
1,000 - 10,000
Loan term
12 - 60 Months
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24-Hour Loans in the UK

Sometimes, it doesn’t matter how sound your budgeting skills are. When life throws an unexpected problem, it can quickly drain your funds and put you off balance.  But perhaps what’s even more depressing is when you become caught up in an emergency situation and the money left in your pocket is even barely enough to tide you through your next pay check.

Fortunately, in dire financial moments, when a pressing expense is at hand and you need to secure extra cash right away, there are 24-hour loans that you can consider in the UK today. But what are these loans anyway and why do you need them? How will they help you out in times of financial crisis? Below you will know the answers to such questions.

What are 24-hour loans?

As its name suggests, 24-hour loans are financial products that can help you obtain extra funding within a day or 24 hours, to be specific. The loans were made to cater borrowers who are in emergency situations so they can cover those urgent expenses or deal with a cash shortage right away.

Taking out a 24-hour loan is generally seamless and there are plenty of lenders online that offer them. They are typically short-term, unsecured loans with small borrowing amounts, anywhere from 50 pounds to as much as a thousand.  The repayments also vary from one lender to the next – there are those that allow multiple, instalment payments and there are those who will only permit you to make one single, lump sum payment. One thing is for sure however, you will always see your money deposited in your bank account in the same day if your application for the type of loan is approved.

why choose 24-hour loans

Why you may need a 24 hour loan

Sometimes, we just need to secure extra funding in the quickest time possible and a 24-hour loan is a viable solution during these times. Unforeseen medical bills, a broken washing machine, or a once in a life time discount purchase, are just some of the reasons why taking out the kind of loan makes sense.

Now because the loans are designed for same day funding, lenders will make sure that your application process is as streamlined as possible. This means that only a few, basic information will be requested from you such as your location of residence, general income level, and nature of employment, so your time won’t be wasted. Decisions are also lightning-quick – you will know whether your application will be approved in a matter of minutes. And of course, once you’re approved, you won’t have to wait until tomorrow for the loan to be transferred to your bank account.

Online Payday Loans – The ideal 24-hour loans

When you’re scouring the web for 24-hour loans, it might be a great idea to focus your search on payday loans. This is because the loans are designed for emergency use and the payouts are almost instant – often on the same day, you make the contract signature!

Qualifying for a payday loan is also very easy. If you are at least 18 years old, have a UK bank account, and are employed, getting approved is almost a guarantee. And it doesn’t matter what your credit rating is because those with poor credit histories and even non-existent credit histories are welcome to apply so long as their general earnings are enough to cover the loan and its repayments.

The benefits of online payday loans

With an online payday loan lender, there are numerous benefits that you can expect to enjoy. For one, the entire loan process is seamless and free of any hectic paperwork whatsoever. There is also no need to fall in long queues like you would when you take out a traditional loan from the bank. And because they are offered online, you can access them virtually any time of the day, whether it’s early in the morning or at midnight.  Most importantly, you can have the money ready for use in an instant so you can cover those emergency expenses without delay.

Generally speaking, here are the benefits that you can enjoy with a payday loan:

  1. Quick and seamless application process
  2. 24/7 access, anywhere you are in the UK
  3. Minimal requirements
  4. All credit ratings are welcome to apply
  5. Instant approval decision with same day funding

All in all, a payday loan is a quick and convenient 24-hour loan product that can be accessed with ease through your Smartphone, laptop, tablet, or personal computer. You can even arrange one via phone or text, depending on the lender. What’s more, there is no need to fax any type of document whatsoever as you can send the required information through PDF format or any other kind of digital form.

With that being said, if cash is tight and an unforeseen expense is knocking on your door, payday loans are the 24-hour loans that you can seriously consider to obtain that instant funding that you so desperately need.

Qualifying for a payday loan in the UK

24-hour loans are what you need when you are in an emergency situation and payday loans are one of the best options that you can consider in the UK today. Often, the lender will not hesitate to approve your funding request as long as you meet these 4 basic requirements:

  • You are at least 18 years of age as this is the legal borrowing age in the UK.
  • You are a resident of the United Kingdom. Identification cards and other legal documents can easily prove this.
  • You have an income that can comfortably afford the loan e.g. a month salary of £1,000. People who are employed full time or par-time, self-employed, or are unemployed are welcome to apply as long as they have a verifiable source of income.
  • You have an active UK bank account that will be used for the loan’s transfer.

And because payday loans are unsecured, there is no need to source out a valuable asset to use it as collateral to your loan deal. All you need are the 4 basic requirements mentioned above and that’s pretty much it!

why choose 24-hour loans


Loanize is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative Example: Borrow £200.00 for 60 days. Repay in 2 payments, first payment in 30 days
Each Payment: £147.04. Total Repayment: £294.08, Interest: £94.08.
Interest p.a: 365%(fixed). Representative APR 1058%

Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

Finding the Right Loan for You

There are many kinds of loans that you can get while using a guarantor. We have divided our site to focus on specific kinds to make it far easier for you to make sure you are getting the finance plan you are looking for.

If you are looking for something specific then check to see if our sub-sites cover what your after. If they don’t just get in contact with us and we will definitely be able to help.

5 most recent personal loan reviews

Review of Ikano Bank

Honest, realistic and genuine, I can't say anymore than that. I had problems with credit in my past that were cleared but unfortunately my credit score was very poor but thankfully Ikano loans gave me a chance to rebuild that. High rates, but that's expected when getting a loan with such bad credit. Thanks again for your support.

Review posted by Peter Harrow, Thornbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Money Guru

Excellent communication and a very quick and easy process. Authorisation telephone call was conducted by a friendly and polite lady who explained everything clearly. Would highly recommend this company.

Review posted by Melanie Steele

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Satsuma

The service was simply amazing. I have never taken loans service seriously, my view point has now changed. I needed the money for flight tickets to attend a funeral and I could have not been dealt with in such an amazing manner. The interest rate was also better than I expected. Certainly will be paying the money back early as this was really an emergency and a life saver.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews acquired from trustpilot.com for authenticity.