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Same Day Loans

If you need money fast, then a same day loan could be just what you are after.

Same Day Loans Summary:

The main facts:

  1.  Good option to get money fast.
  2. Online mainly but some offline providers .
  3. 18 years and over.
  4. The higher your credit rating, the better your interest.
  5. Higher interest rates than normal loans.

Read the full guide below, or jump to the best rates.

Compare Same Day Loans Online

Here are the best same day loan deals on the market presently. Updated with market changes.

Piggy Bank has a very good APR% representative of 1270% compared to other providers.

It also has great online customer reviews from 3rd parties.

Sunny was our top pick last year, and still represents a decent deal at 1290% APR representative.

They also have a superb online reputation, with no late fees.

Wizzcash represent the best APR% representative at the rates we checked around 1265%. However their online reputation on 3rd party sites is non-existent (minimum reviews) and so it’s difficult to judge them properly.

Same day loans for emergency reasons

Actual, same day loans are not common. In most cases, a same day pay out depends on all factors being perfect: you apply first thing in the morning, your credit score is good, your documentation for income and expenses is complete and straightforward, and the lender has the time to do the administration right away. If that’s the case, then you have a good shot.

Even if all of these conditions are met, it is advisable to expect two to four working days from the point of application to the time the money is in your account. Don’t apply on a Friday afternoon and expect the money for Friday night, it is very unlikely to happen.

Why would you need a same day loan?

Same day loans are usually for emergency situations, like home or car repairs, emergency trips to visit a sick or dying relative, and that kind of thing. The most common one is unexpected car repairs.

It is possible to get a same day loan when you are not in an emergency situation, though this is not as common. The main reasons for this is that same day loans carry higher fees and interest rates, so if you aren’t in a hurry, you can find much better deals elsewhere.

If it is truly an emergency though, and time is of the essence, then same day loans are a quick and easy way to get money in your pocket when you need it.

Same day cash loans for other purposes

A lender will not check to see that you used the loan for what you said you needed; it is assumed that you will. In truth, providing you meet their criteria, they don’t really care what you use the money for. That said, it is important to be honest when applying for a loan, as it is the lender’s responsibility to make sure you are reasonably able to repay the loan – and they’re experts at it – so if they determine that you can’t service a loan at this time, it is worth taking their assessment seriously.

Taking on debt always carries some risk; we can’t always predict what our situations will be six months from now. Taking on high-cost loans like same day loans is an added risk, because there is more to pay back than just the interest. It is not recommended that you use same day loans for non-emergency situations, as they can “snowball” and become unmanageable, creating deep damage to your finances and credit history.

Looking for Same Day Loans UK?

It can be daunting to sort through the various lenders and deals to find the one that best suits your current need. Doing so face-to-face is even worse, as no one wants to admit financial difficulty over and over again to strangers. The simplest, most private, and most effective way to quickly find a suitable lender in your time of need, is to use our comparison site.

Go through our comparison results and examine the available lenders. Remember, you are buying credit, so you are the customer. Shop for the best deal you can find and, if you don’t find one that suits your needs, don’t buy it.

In an emergency of course, you may not have a choice but to borrow money, but if the only deal you can find is a poor one, then it might be worthwhile to discuss options with friends and relatives to see if any of them can help. The best part of this option is that it is often interest free.

How can I get a same day loan then?

Apply first thing in the morning, make your credit score is as good as it can be, your documentation for income and expenses is complete and straightforward, and be available to clarify information or provide any additional documentation the lender may want to see. Finally, shop around. Apply for only one loan at a time, as applications can harm your credit rating, but know what’s available and try to make a mutually beneficial deal with your top-choice lender.

Same day loans for unemployed or on benefits

You may think that you are automatically not eligible for any kind of loan, based on your current financial situation. That’s not always the case though. Lenders provide financing to all kinds of people. Those who appear to b lower risk, will get better deals, and those that appear to be higher risk, will pay more. That way, the lender makes more money for taking on more risk. That’s only reasonable, right?

There are even loans designed for people on benefits, or for the temporarily unemployed. Some lenders even specialise in lending to high-risk applicants. Chances are they’ve loaned money to someone with a tougher situation than yours, so it’s worth finding out.

These loans will be for smaller amounts though, and are usually expensive, as they are considered high-risk loans.

Will I be accepted for a same day loan?

No one can guarantee that you will be accepted. The only way to know for certain is to apply. If your circumstances are poor though – low credit score, poor credit history, low income compared to expenses, or no income at all – then you are less likely to get a loan, especially a larger one.

Advantages and disadvantages of same day loan


They are quick – 1-4 business days

They are designed to be easy


They are usually expensive – fees and interest are high

They are normally for lower amounts of money

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