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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.

    How to Get a Loan if You Need Cash Now

    If you are in need of cash now, you absolutely need to be aware of your choices. There are plenty of great loan deals for when are in a desperate financial situation. The more you know about to get the right loan, the easier it will be to get what you need. In this article we will help you get the funds you need as quickly as possible. A lot of people don’t know just how many options they have, and it hurts them financially.

    How Quickly Can I Borrow Money?

    The fact is that you can borrow money very quickly with the right loan. In fact, you could get the actual funds within an hour of submitting your application. Online loans from private lenders offer you a very quick and efficient way of getting money. You have to find the right lender though, because otherwise you could end up waiting a long time.

    Private Lenders

    When you absolutely need cash now, the last thing you want to do is go through a bank. Most people who do this end up waiting days or weeks for their funds. It is also considerably more difficult to get approved for a bank loan.

    Private lenders have lower overall standards for applicants, so it is therefore much easier to get payday loans in the UK. You don’t even need to have a good credit score, which is pretty much a requirement with most banks and credit unions.

    Take the time to browse through the websites of some private lenders before deciding which one to borrow from. This will help you make the right decision so you don’t end up with any regrets later on. You should be able to get a decent amount of information by doing this. It’s also a good idea to read customer reviews. These reviews will provide you with a better idea as to what sort of overall reputation each lender really has.

    Borrowing Amounts

    You can borrow as much as £5,000 via a short term payday loan. These loans offer the best option if you need cash now. Keep in mind that you will only be allowed to borrow what you can afford to pay back. The lender is going to take a close look at your income before making a decision. If they determine that you can pay back the loan on time based on what you make, you’ll likely be approved.

    No Limitations

    When you borrow money through a private online lender, you won’t have to deal with any limitations with regards to how you can use your funds. The lender will not ask you what you are going to use the loan for. Whether it is catching up on bills or paying for a crucial home repair, the money is yours to do with what you want. This is just one of the many reasons why so many people in the UK love these loans.

    Applying for Your Loan

    The first step in getting a loan when you need cash now is to fill out and submit an application. You can do this entirely on the lender’s website, so it is very convenient. It doesn’t take very long, but you will have to submit some personal details. You’ll need to give the lender your first and second name, email address, phone number and physical address.

    There are a number of things to keep in mind when applying for a loan online. You need to make certain that the website you apply on is secure. This will ensure that your information is protected and doesn’t fall into the wrong hands. You will be required to submit some pretty sensitive personal and financial details, so this just makes sense.

    You’ll also have to enter in the exact amount that you want to borrow. Make sure that you don’t borrow more than you need. This will only increase your chances of defaulting on the loan, which is the last thing you want. It is important to figure this out ahead of time.

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    How to Speed up the Loan Process

    There are certain ways that you can speed up the loan process so you can get the money you need as quickly as possible.

    • Always apply online: Make sure that you apply for your loans online, as it is much faster and more convenient. This will go a long way towards helping you to get cash quickly.
    • Be honest on your application: If you want to make the loan process go as quickly and smoothly as possible, refrain from lying on your application. This is only going to hurt your chances of being approved.
    • Choose the right lender: Look for a lender who has a reputation for processing applications and distributing funds quickly. You can easily get this kind of information by just reading some customer reviews online. It is very important that you know this before deciding on a certain lender to borrow from.
    • Apply early: Try to submit your online loan application in the morning. The earlier you do this, the more likely you will be to get approved and receive your funds the same day. Don’t wait until late at night, because you might not get your money until tomorrow.

    Requirements for Fast Cash Loans

    You also need to be aware of the more basic requirements for getting a fast cash or payday loan. You must be over the age of 18 with an active current account.

    Fast Business Loans

    If you need cash now for your business, private payday loans can definitely be of help. While most people think of these loans as being only for individuals, business owners can benefit from them too. If you want money to expand your business or you are just trying to keep your operation afloat, this is a viable option to explore.

    The lender will require proof of your business’s income so they can determine how much of a liability you are. You will need to prepare these documents before you even start filling out the application. By doing this you will seriously increase your chances of approval. The more organised and prepared you are, the better things will go for you.

    Evaluate Your Options

    Take some time to evaluate the different lender and compare payday loan options you have before making a final decision. Even those who need cash now should still take a little bit of time to do this, as it is very beneficial overall. You should never rush into getting any sort of loan, because you are just asking for trouble.

    Find out what sort of interest rate each lender can give you. This is important to do so that you don’t pay more than you have to for your loan. The rate you get with your loan is crucial, so you have to get the best deal possible. Just keep in mind that your credit and other factors will affect what your rate ultimately is.

    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.

    After Approval

    If the lender sends you notification of approval, you will need to look over the loan offer before agreeing to it. While it might be a digital signature, it still makes the loan finalised and the contract is legally binding. Take all the time you need to go over every single sentence of this document so you don’t miss anything. You don’t want to end up with any regrets later on because you failed to do this very simple thing.

    Receiving Your Money

    After you agree to the loan offer the lender sends over, you will receive your money via electronic transfer right into your current account. This gives you an unbelievable level of convenience, as you don’t have to deal with any cheques. You can then spend the money with your debit card or withdraw it from your account as cash.

    Use a Loan Matching Service

    There are certain websites on the Internet that offer services to match your with the best possible lender according to your needs. These services can help you save yourself a lot of time and aggravation. You won’t have to worry about whether or not you have chosen the best lender to borrow from. Most of these sites are perfectly legitimate and incredibly helpful for the average person. They make it easy to borrow money when you need cash now.

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