WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk/en.

Rates from 12.9% APR to 1625.5% APR.

Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable)

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At BadCredit.co.uk, we could help you get loan you need faster and with less effort. We quickly analyse our panel of lenders for you and present you with the best match, making the whole loan process of securing a loan easier and giving you significantly better odds of being approved.

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Our group of lenders use cutting-edge technology to process applications quickly, which can lead to super fast approvals and even same-day funding from some lenders. But remember, approval speed and funding times might be different depending on the lender you’re matched with, so we can’t guarantee you’ll be funded on the same day.

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We work with a wide range of lenders and brokers, and we compare them without performing a hard credit check on your file. Our panel carries out a soft search, which only you can see on your credit report. We use the information you provide to pinpoint the lowest cost lender in our network who’s likely to approve your application.

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Unlike some of the larger comparison websites that are owned by product providers, who often push their own products first, BadCredit.co.uk is entirely independent and unbiased. Our dedication to impartiality ensures that we focus solely on providing you with the most suitable options for your unique financial needs, without any hidden agendas.



Current best unsecured same day loan direct lenders


We’ve compared hundreds of loans and compiled a list of the top 5 UK loans from lenders who might offer loans to individuals with a less-than-perfect credit history.

Try our eligibility checker to receive a free quote from our panel without impacting your credit score. Keep in mind if, after receiving your quote you formally apply for a loan with a lender they will perform a hard credit check which will affect your credit file.

Keep in mind: our panel may change over time, and we might not compare all lenders featured in our top 5 list.

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Frequently asked questions (FAQ)

What is a same day loan?

As its name suggests, a same day loan is a short-term financial agreement that helps individuals to borrow funds quickly – so quickly, in fact, that they could potentially receive the funds within minutes of a successful application.

Whilst same day loans may offer lightning-fast money, the amount they offer is usually less than traditional loans – and the repayment windows are usually far smaller, too.

What can I use a same day loan for?

Same day loans can be used for anything you like, though they are generally called upon by borrowers looking for quick money to resolve unexpected costs such as car repairs, medical expenses, large bills and so on.

How do I apply for a same day loan?

The application process for a same day loan is similar to applying for most other loan types. First, you have to ensure that you meet your lender’s eligibility criteria, which will vary from lender to lender but generally include: 

  • Being at least 18 years of age
  • Being a UK resident
  • Having a valid UK address
  • Having an active UK bank account
  • Having a regular job and proof of employment 
  • Having no CCJs or bankruptcies on your record

Once you have provided all the information needed, a decision will be made instantly and you could receive your money the same day.

Can I get a same day loan with bad credit?

Same day loan lenders, much like lenders of other small and fast loan types, are generally less concerned about your lifetime credit history and more focused on whether or not you have the regular income needed to pay back the same day loan over the months ahead. 

For that reason, you may need to answer questions about your monthly earnings and expenses. 

Remember, same day loans can be a helpful option for covering unexpected expenses, but they should only be used for urgent expenses that you can’t afford to pay for with your regular income or savings.

How do I choose the right same day loan for me?

When considering taking out a same day loan, we recommend carefully reviewing the terms offered by a range of lenders in order to find the best interest rates and repayment terms available.

Can I get a same day loan with bad credit?

It’s certainly possible – same day loan lenders focus less on your lifetime credit history and more on your current monthly financials, as this will show whether or not you are likely able to make your repayments on time.

However, bear in mind that same day loans often feature incredibly high interest rates and falling behind on these will damage your credit score further.

Will repaying a same day loan improve my credit score?

Yes, making payments on time will likely add positively to your credit score. However, falling behind on repayments will do the opposite. 

If you are already in debt or experiencing financial hardships then think carefully before committing to taking out a same day loan. You may benefit from seeking debt advice as apposed to applying for more credit.


How long will the funds from my same day loan take to arrive?

If your same day loan application is successful then you could receive your money the same day. The exact transfer time will vary between lenders and specific cases but generally speaking the money could arrive in your account within a matter of hours or even minutes.

What are the pros and cons of same day loans?


Lesser credit needs: Same day loans often feature less strict credit checks, making them an attractive option for borrowers with low or absent credit histories.

Flexibility: Same day loans offer a reliable resource when it comes to finding emergency funds to pay off unexpected costs.

Improve credit score: So long as the repayment terms are consistently met, you may be able to positively impact your credit score when settling your same day loan.

Unsecured loans: Same day loans are usually unsecured loans, meaning you do not need to provide collateral (such as a car or your home) in order to secure the loan.

Quick repayment periods: Same day loans usually feature short repayment windows, which enables borrowers to focus on making the repayments and settle the debt within a relatively short amount of time.

Smaller loan amounts: Same day loans offer lower sums of money, which can be useful to borrowers susceptible to taking out large loans and placing themselves in greater financial hardship unnecessarily.



Same day money: The instant provision of same day loan funds make them a popular option with borrowers who need money right away.

High interest rates: Same day loans are renowned for featuring extremely high interest rates, which can land unexpecting borrowers in hot water more abruptly than they anticipate.

Fast repayments: Whilst the quick repayment windows of same day loans is appealing to some, it can also surprise other borrowers who find themselves unable to make repayments as agreed. Ensure you can keep up with the repayment terms before entering a loan agreement.

Credit score damage: If repayments of same day loans fall behind, the borrower’s credit score will be negatively impacted – which may lead to further financial difficulty in the future.Increased debt: The quick and easy appeal of same day loans can lead those already in or close to debt further into a debt cycle.

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Page last updated: December 08, 2023 | Author: