A fast loan is not a special product, it just describes borrowing where the quote and, if approved, the funding happen quickly. Our form takes about two minutes to complete.
Because we compare a panel of FCA authorised lenders and brokers at once, you can see what you could be offered quickly, then apply to the lender that suits you.
What affects how fast you get the money
Speed depends on the lender, the checks they run, and your bank. Having your details ready and giving accurate information helps a decision come back sooner.
- A completed application with accurate details
- The lender’s own checks and cut off times
- How quickly your bank processes an incoming payment
Who can apply
Lenders set their own criteria, but as a general guide you will usually need to be a UK resident aged 18 or over, with a regular income the lender can verify, a UK bank account, and to pass the lender's own affordability and credit checks.
How quickly the money actually arrives
Once a lender approves you, funds are usually sent by Faster Payments, which most banks receive within minutes. The timing still depends on the lender's cut off times and your own bank.
- Apply early in the working day where you can
- Approvals late in the evening or at weekends may land the next working day
- Your bank's own processing can add a short delay
Speed does not change the cost
A faster loan is not a cheaper loan. The rate and total cost depend on the amount and term, not on how quickly the money arrives, so it is still worth checking the total amount repayable before you commit. High cost short term credit is capped, so you can never repay more in interest and fees than you borrowed.
How to apply
Borrowing responsibly
It is worth making sure the monthly repayment fits comfortably around your other commitments before you apply. Focus on the total amount repayable across the full term, not just the headline monthly figure, and only borrow what you really need.
Every lender on our panel is authorised by the Financial Conduct Authority, and high cost short term credit is capped, so you can never repay more in interest and fees than the amount you borrowed. If money is tight, free and impartial help is available from MoneyHelper.
Representative Example: £1,000 borrowed for 18 months. 17 monthly repayments at £87.22, final repayment of £87.70. Total amount repayable £1,570.44. Interest total £570.44. Annual interest rate 59.97% (fixed). Representative APR 79.5% (Variable). Any representative monthly repayment shown is for illustration only, based on our representative APR. Your actual repayments will be confirmed by the matching lender if your application is approved.