Here are the 10 best quick loans and short-term lending products:
THL Direct offers fast short-term loans from £125 to £500. There are no upfront fees, no late fees, no interest, and no late fees. However, your first loan is only £125. The cash is deposited directly into your bank account from THL Direct. You can also choose to pay weekly or monthly.
Sunny offers fast, flexible loans from £100 to £2,500 and has a 9.1 rating on Trustpilot. You can save on interest if you pay it off early, and there's a five-day grace period if you suddenly change your mind after you get the money. They have a support team in the UK and are open Monday through Sunday.
Founded in 2008, Lending Stream offers short-term loans of up to six months. Customers come from all over the UK and the average age is 32. However, it doesn't offer quick loans because if a customer feels they can't repay on the scheduled payment date, they could end up deeper in debt. The company combines a process of specialized case reviews, rigorous data analysis, and expensive credit assessments when approving cash applications.
Creditstar is a fast loan company that claims to take up to 10 minutes to apply and up to an hour to approve. Loan limits are £300 for first-time borrowers and £700 for repeat borrowers, with repayment terms of up to six months.
Cashfloat is a responsible direct quick loan company that has helped over 100,000 satisfied users. They specialize in customers who want to improve their bad credit history and offer satisfactory terms. They also have a state-of-the-art "cash on demand" app that allows customers to manage their money and repayments anytime, anywhere.
Mr.Lender is a competitive short-term lender with a 9.6 rating on Trustpilot, and they've proven their professionalism by winning the Customer Service Champion award at the 2018 Customer Lending Awards. Mr. Lender has no upfront costs when you take out a loan, and there are no penalties for late payments. They also have a blog where they frequently post articles about saving, responsible borrowing, and other interesting financial topics. Sounds too good to be true!
Launched in 2008, Mizer has approved over 2 million loans and lent over £500 million to date. The service allows people to take out loans based on a repayment plan. Loan terms range from £900 for 3 months to £7,200 for 2 years. It has a 9.1 out of 10 rating on Trustpilot.
Quickquid is a partner of Pounds to Pocket and specializes in short-term microloans. You can get a pre-approved loan in minutes. A handy feature of this service that you won't find elsewhere is the availability of an online support chat when you need help. The chat is available during business hours, Monday through Sunday, and Quick Quid uses Secure Sockets Layer (SSL) to encrypt your personal information, so no confidential information is shared with third parties.
Piggy Bank is a short-term loan company. They have an "FAQ" section on their homepage where they answer frequently asked questions. You can save on interest by paying off your loan early, and there's a handy reminder service in case you forget to make a payment. Customer service is available during business hours, Monday through Sunday.
Peachy is a direct lending company that offers fast loans from £100 to £1000 when you need cash in a hurry. You can apply online via your phone, tablet, or PC, and in most cases, your loan is executed within an hour. Peachy's short-term loans have repayment terms ranging from one to 12 months.