Fast Cash Advance Loan

Get between £50 - £5,000 paid out by

How much would you like to borrow?

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  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Representative Example: Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). *HappyPenguin will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

    Helpful Tips to Follow When Getting a Fast Cash Advance Loan

    There are many great fast loans cash advance opportunities online, but you shouldn’t take advantage of any before learning a few tips. While these loans can be tremendously helpful for a lot of people, you need to take your time. Following a few simple tips can go a long way towards helping you get the funds you need without any problems. These days many people in the UK are applying for these loans, but not everyone is approved. This article will help you boost your chances of approval as much as possible.

    Avoid Unnecessary Fees

    There are some fees that come with cash advance loans that you just don’t need to pay, including late fees. If you do not pay back your loan on time, the lender will demand extra money on top of what you already owe. You can avoid this by simply paying back the full amount of your loan by the agreed upon date. You should also try to negotiate with lenders to get extra loans waived. The origination fee, which is the amount charged for processing the loan, is often negotiable. You can also simply look for a lender that does not charge this fee, and there are plenty of them to choose from.

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    Understand the Agreement

    When it comes time to read the agreement the lender sends you, it is imperative that you read it over very carefully. You won’t be able to get your money until you agree to all of the terms the lender has outlined in the document. If there is absolutely anything that you don’t understand, you need to get immediate clarification. Failing to understand all of the loan terms will only increase the chances of something going terribly wrong later on.

    Don’t Leave Anything Out on Your Application

    Failing to fill out your cash advance loan application in full will most likely result in having it rejected by the lender. You need to go through and submit all of the details that are requested with 100% accurate information. This will help speed up the entire process so you can get your money as soon as possible. Those who make mistakes on their application usually have to re-apply.

    Look for Solid Customer Support

    There are quite a few different things to look for in a cash advance lender, including solid customer support. This means seeking out a lender that is always there to help you with any problems you might have day or night. You should have a phone number that you can call, though live chat and email support are also good options. You definitely don’t want to borrow from any lender that doesn’t offer these things. If you ever need to get in touch with your lender for any reason, it shouldn’t be difficult at all.

    A Shorter Loan Term is Better

    Always remember that a short term for your cash advance loan is better, even if it is only for £500, simply because you will end up paying less overall. The longer your loan stretches out, the more interest you will be paying. Instalment cash advance loans can be helpful for some people, but they are also more costly in the end. This is something that you definitely need to consider before making a final decision.

    Use it for an Emergency

    It is a good idea to use cash advance loans for emergencies, because you will get your money very quickly if you are approved. In fact, that is what a majority of people who get these 6 month loans use them for. It is very common for people to apply for these loans when they need to pay an important bill or expense as soon as possible. You won’t need to worry about whether or not you will be able to get the money together in time. This is why these loans have become so popular to in the first place.

    Choose a Lender to Match Your Needs

    Whether you are a business owner or a college student, you need to find a loan that will match your specific needs. Look for a lender that can help you in the best way possible. Some lenders advertise loans specifically for certain types of borrowers. This will help you get precisely what you need without any problems. A little bit of research can do wonders for getting you a loan that checks off all your requirements.

    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.

    Prepare All Required Documentation

    It is also necessary to prepare yourself for getting a cash advance loan so that your chances for approval are as high as possible.

    Some of this documentation will include:

    • Income details: When you are filling out the loan application, you will have to give the lender a detailed number for your income. They have to know how much you make so they can determine if you are able to pay back the full amount on time. You need to be exact with this amount, so get some pay stubs for reference if you have to.
    • Employment details: The lender will also ask you to provide details on your current and past employment. This includes contact information for your employers. You need to supply them with these details so they can find out just how reliable you are.
    • Bank account: You also need to give the lender your bank account details. If you are approved, they will transfer the money in your current account. This happens within a matter of minutes after you agree to the terms of the loan.

    Apply for an Extension if You Need it

    If you don’t think you’ll be able to pay back your cash advance loan on time, you can always apply for an extension. There is no guarantee that the lender will grant you one, but it is worth trying. Most lenders are willing to do this because they want you to pay them what you owe. Just keep in mind that you will be charged daily interest until you have paid off your loan in full. A majority of private direct lenders let you apply for two extensions at the most. This isn’t something you should count on, but it can be helpful if you are in a desperate situation.

    Use Discount Codes

    Some lenders offer discount codes that you can apply towards your loans. This can save you quite a bit of money on interest, so you will need to keep this in mind. Not all lenders offer these discounts, but quite a few of them do. Look for lenders that give out codes that you can apply towards savings when borrowing money this way.

    The amount of money you save depends on how much you are borrowing and the specific nature of the discount. While it is usually not for a huge amount, saving a little bit is better than not saving anything. You also want to remember that these discount codes usually come with certain terms and conditions. It is important that you know what these terms are so you know if you can take advantage of them. You may be able to sign up for these discounts on the lender’s website. This is an extremely easy and simple way to save money on your next cash advance loan.

    Look into Top-Ups

    You may be able to get another loan on top of the one you currently have if you find yourself in need of more money right away. Not everyone is able to get a top-up, as there are certain conditions and requirements. The lender needs to be confident that you’ll be able to manage both loans at once without any issues. You’ll have to apply for a top-up to see if you even qualify. Your lender will take a look at all of the information you submit to determine whether or not to give you another loan. Make sure that you consider this carefully before going forward.

    Keep Track of Your Loan

    If you are paying your cash advance loan back in a series of instalments, it is important that you keep track of all of your payments. You should be able to do this online by simply going on the lender’s website. Most of these lenders allow borrowers to access all of their payment details quickly and easily. This will help you keep track of what you have paid so far and what you owe. You should try to pay more than the minimum amount with each payment if you are able to. This will help you get your loan settled sooner, which means you’ll save money and not run the risk of defaulting on it.

    The fast loans cash advance lenders are offering online can provide you with the money you need right away. It is the only type of loan that you can get approved for and receive your funds within just an hour or so. If you have any emergency expenses that need to be paid, you should keep all of these tips in mind.