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Get between £100 - £5,000 paid out by

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  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • 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).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.

    Borrow Money with a Same Day Loan for Quick Cash

    If you need to borrow money for any reason, you’ll need to know what your options are. There are plenty of different ways to obtain funds, but you don’t want to choose just any of them. Same day loans offer a quick and effective borrowing solution that you will need to be aware of when going forward. In this article we will discuss these loans and everything they can do for you. The more you know about this option, the more likely you are to match the best overall decision.

    What is a Same Day Loan?

    A same day loan is a short-term loan that you can receive funds from (if you are approved) within hours of submitting your application. It allows you to borrow money in amounts of anywhere from £100 to £5,000. The incredibly short amount of time it takes to receive approval and funds is what makes this such a popular borrowing option with so many people.

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    Where to get a Same Day Loan

    When you need to borrow money fast, the last you want to do is rely on a bank. The fact is that most banks won’t be able to provide you with your funds in a reasonable amount of time. The private lenders who give out same day loans can help you get your money a lot faster. Many of these lenders are based online with sites that you can apply on.

    The internet is the best resource you have when it comes to borrowing money, so you need to take full advantage of it. Online private lenders have become more popular than banks in some parts of the UK, and for good reason. A vast majority of these lenders are entirely trustworthy and reputable, so you will have nothing whatsoever to worry about.

    How to Borrow Money with a Same Day Loan

    You will find that borrowing money with a same day loan is very easy and doesn’t take much time at all. You can get one of these loans very quickly when you go online.

    Finding a Lender to Borrow from

    The very first step that you have to go through is finding a lender. It is important that you look for a lender with a good reputation so you can be sure you’ll get a good overall deal. One of the best ways to determine this is by reading reviews written by some of the lender’s customers. When you take the time to go through these reviews, you can get the information you need to make the right decision on a good lender.


    It won’t take you very long to complete a same day loan application, as the process is usually very simple and streamlined. Most lenders make it possible to complete their application within 2 to 5 minutes or so. It’s also possible that you’ll need to send them proof of your income. The lender needs to know how much you make so they can tell if you are able to pay back your loan on time.

    How Does Happy Penguin Compare?

    Why Use HP?
    What's the max loan amount?
    Up to £5,000
    No hidden fees.
    Is approval instant?
    Yes, immediate.
    On Screen Decision
    Poor Credit Possible?
    Yes. Bad credit too.
    All considered.
    Same day transfer?
    Within the hour!
    Direct to bank!
    Flexible Repayment Dates?
    Flexible terms.
    Quick and easy.

    Get Your Money

    Once you have agreed the loan terms with the lender, you should receive your funds within an hour. The money is going to be electronically transferred into your bank account. You can use the money however you want, choosing to withdraw it from your account or simply use your bank card to spend it.

    Tips to Follow

    There are certain tips that you will need to follow if you want to borrow money with a same day loan, including:

    • Don’t borrow more than you need: One great rule to follow when getting a same day loan is to only borrow as much as you need. The interest rates on these loans can be fairly high for some people, so you should keep this in mind. It can be tempting to borrow more than necessary just because you can, but you’ll ultimately regret it.
    • Never delay repayment: You don’t want to put off paying back the loan, because it will only end badly. Your credit will take a major hit and you will still owe the full amount plus late fees. It will only make paying back the loan much harder for you.
    • Check your own credit: Before you apply for a same day loan, you should make a point of checking your own credit. Some private lenders are less strict with their approval process than others, but it’s still good to do. This will let you know if there are any mistakes on your report.
    • Fill out application truthfully: It’s never a good idea to lie on your same day loan application. Those who do this almost always get caught, and their application is rejected. All of the information you submit on the application must be 100% accurate and truthful.

    When to get a Same Day Loan

    There are a variety of situations in which it might be appropriate to borrow money with a payday loan. A lot of people who obtain these loans do so because they are stuck in a bad situation where they need money fast for an emergency expense. This could be a car repair, home repair, or a bill that is past due. Some people successfully consolidate their debt with a same day loan to make it more manageable. If you want to combine your debts into one lower monthly payment, this is an option to consider.

    This type of loan is best for those who need money as quickly as possible. One of the best things about same day loans is that they can be used for anything. None of the private lenders that give out these loans will ask you what you are going to use the money for. This is very different from bank loans, which restrict the usage of funds in a big way.


    These days a lot of private lenders offer multiple repayment plans for borrowers. The more flexible the lender is, the more options you will have. Keep in mind that you should try to go with the shortest term that allows you to pay back the money on time. An unnecessarily long term means that you will have to pay more in fees. If you are only borrowing a few hundred pounds, you likely don’t need more than a few weeks.

    If you are in a situation where you don’t think it is possible to pay back the loan on time, you should make the lender aware of this. It is important that they know you cannot make your payment by the due date. Borrowers that communicate with the lender in these situations are usually able to work out a deal. There is a good chance that you could get an extension on the loan so it doesn’t go into default.

    Who Can Qualify for a Same Day Loan?

    Before you try to borrow money with a same day loan, it is important that you know about some of the basic qualification requirements. You will not be able to get a loan if you are not over the age of 18, have a checking or savings account, and you are a legal UK citizen. You must also provide the lender with a current home address, phone number, and email address. These are just the most basic requirements. The lender will also take a look at the proof of income you have submitted. If you meet all of the basic criteria and your income is sufficient, you will likely be approved. Never assume that your approval is guaranteed though, because this is not the case with any lender.

    Getting the Best Rate for your Loan

    If you want to save money on interest with your loan, you will need to make a point of comparing offers. Most of these lenders have flat rates on their website that you can look at and compare before making a final decision. The rate typically goes up with the borrowing amount. The more you borrow from the lender, the higher your rate is going to be. Make sure that you spend time shopping around for the best rate. This will help you save quite a bit on the loan you need by the end.

    Warning: Late repayment can cause you serious money problems. For help, go to Happy Penguin is a broker, not a lender, and does not make credit decisions.