Same Day Loans with No Credit Check
At Payday UK, you can apply for a same day loan without damaging your credit score.
At Payday UK, you can apply for a same day loan without damaging your credit score.
Many people who, unfortunately, have a poor credit score look for same day loans with no credit check, as they think this is the only way they’ll be able to borrow money. Therefore, some lenders will say you can apply for a same day loan with no credit check. However, this is misleading at best. Responsible lenders have to perform certain checks in order to make a decision on your application.
You can apply for and get an instant decision with only a soft credit check being performed. This leaves no trace on your credit score and will not be visible to any other lenders looking at your credit file. However, all lenders must be registered with the FCA (Financial Conduct Authority), and it is a mandatory requirement that all lenders perform a full credit check before releasing any funds.
Our online Eligibility Checker is free and takes 60 seconds. Find out if you’ll be approved with no credit footprint.
Check EligibilityWe know you need your money as soon as possible. That’s why we do everything we can to make the process fast and simple.
Fill out our short, secure form and search our industry-leading panel of lenders to find your loan.
Once you have your offer from the lender, you can review the offer and get your cash.
Your money can often be paid into your account within just 10 minutes.*
A soft search allows us to check your eligibility against our pool lenders without harming your credit score. While it doesn’t provide the same level of information as a full credit check, it gives us enough to know which lenders are the best fit for you, and which ones that will accept you.
The main advantage of a soft credit search is that it doesn’t show up on your credit report. Previously, if you applied for a payday loan in the UK and were denied, it would show up on your credit report. This could potentially put off other lenders, making them less likely to approve your application. This also compounded the problem, as now you’d have two failed applications on your credit record, which will reduce the likelihood of another lender approving you even lower. A soft credit search avoids people being unfairly punished in this way.
We process around 4500 applications every day^, and we help a high percentage of people find a loan. We have built a panel of lenders that includes companies that specialise in providing bad credit loans.
We look at all the loan offers you receive and show you the one with the lowest interest rate and the highest chance of acceptance. This takes much of the guesswork out of the process, as you’ll already know you meet the lender’s criteria and will almost certainly be accepted.
There is no single answer to this question. Many of our direct lenders specialise in same day bad credit loans, but the best one for you will depend on your current situation. That’s why Payday UK compare them all instantly and show you the best deal for you. The payday loan market has grown in popularity in recent years, which is good news for consumers. More lenders create increased competition for your business. This can lead to lower APR rates and special offers to attract new customers.
Payday UK do not charge any fees for using our service.
These guides will help you find out more about the different types of loan and lenders available.