Emergency Loans

What are emergency loans?

Emergency loans, also called urgent loans or crisis loans, are made for unexpected emergencies that come your way and you need a loan urgently to cover any costs right away. These emergency cash loans are made for short-term borrowing and can help you get back on track despite what life may throw at you. Whether your car or boiler needs fixing, or you need a little to tie you over until payday, urgent loans offer instant decisions.

I need a loan urgently; how do I get one?

If you need emergency cash, getting a loan is easy. First make sure that you are eligible to receive one, then apply online for an emergency loan with our easy-to-use application. You can select how much you need, a flexible repayment period and use this to compare interest rates as well. With soft searches to see how likely you are to obtain one, you can then submit your application to a panel of urgent loan direct lenders, and if you are approved you can get your money the same day^#.

Are you eligible for an emergency loan?

Like any loan, there are a few requirements you’ll need to meet to be considered eligible to apply. We’ve broken some of these down below:

• You must be over 18 years old
• You must be a UK resident – This means you will need to have a permanent UK address you can provide proof of.
• You must have a regular income – You need to have a way of paying back what you have borrowed, so we will ask you to confirm the details of your income, and expenses.
• You must agree to a credit check – As part of our application process we will conduct a credit and affordability assessment. By applying, you consent to this.
• You must not be bankrupt or otherwise insolvent – If you’ve recently claimed bankruptcy, have taken on an IVA or are currently in a debt management plan you will not be eligible for an emergency loan.

Meeting these requirements doesn’t guarantee that you will be accepted for a crisis loan as your credit score is also taken into account, but it can give you an idea if you can get an emergency loan or not.

What about emergency loans for bad credit?

If you have poor credit and need emergency cash, don’t worry. You still can get an urgent loan for bad credit as we understand that everyone’s financial situation is unique. When you apply, we will do a soft search first so you can see your likelihood of being accepted, this doesn’t affect your credit score. If you proceed, our partners panel of emergency loan direct lenders will run a credit check just to make sure you are a responsible lender, but other factors are looked at as well. So, having a low credit score won’t prevent you from borrowing.

It’s important to note that while we offer emergency loans for bad credit, your score does impact how much you may be able to borrow and the interest rates. For more, read about bad credit loans.

Can I get an emergency loan with no credit check?

No, the Financial Conduct Authority demands that all urgent loan providers conduct credit checks no matter how much you want to borrow. When applying for an urgent cash loan lenders first run soft checks which don’t harm your credit score, but run both hard credit checks and affordability assessments if you proceed with the loan. If a lender is offering you am emergency loan with no credit check, they aren’t regulated. If you’re worried about a low credit score, don’t worry as you can still get an emergency loan with bad credit.