Sometimes you need money in a hurry for a number of reasons. When you need cash at short notice to pay an unexpected bill or to help with an emergency purchase, you need to know your options and how to borrow money fast.
At The One Stop Money Shop, we aim to provide help and support to as many people as possible, and we know time is critical when arranging finance and a loan. To learn more about urgent loans and how you can get money paid the same day into your bank account, we can help – take a read of our with the info below, and if you have any questions at all, simply get in touch with our team today.
What is an urgent cash loan?
An urgent cash loan can be offered by a lender to help with an immediate, usually short-term or urgent need for money. What makes these loans so urgent is their rapid approval and submission to the applicant’s bank account, often processed within hours on the same day. The rapid payout associated with these loans makes them suitable for unexpected expenses.
These loans come with a straightforward repayment structure, and many providers have digitised the process for added convenience. As with any financial loan, borrowers should understand all terms before proceeding.
Can I get an instant loan?
Usually, it’s very difficult to obtain an instant loan, as there is a requirement for credit checks and due financial process. A loan can be reviewed and approved in one to two hours, but this is only when everything runs smoothly.
What is a same day loan?
A same day loan is a swift financial solution where borrowers can receive funds on the very day they apply. These loans are particularly beneficial for emergency expenses due to their rapid online application and disbursement process. Typically short-term, they offer flexible eligibility criteria, making them accessible even to those with lower credit scores.
At One Stop Money Shop, if you apply for a same-day loan and you’re fully approved before 3.30 pm, we do our best to have your loan in your account on the same day.
Can I get a loan within 1 – 2 hours?
While the nature of a same-day loan means they are available the same day they are approved, they usually take a few hours when the process runs smoothly, and all checks have been passed and required documentation uploaded promptly.
It’s possible to arrange and receive a same-day loan within one to two hours, but usually it can take a little longer, albeit the loan is provided on the same day. Applying in the morning can help, leaving time in the day for any follow up in getting the loan approved and paid that day.
Can I get a same-day loan with bad credit history?
Yes, at One Stop Money Shop, we understand that financial challenges can occur to anyone. We believe in providing a second chance to our customers. Therefore, even with a bad credit history, you can still apply for a same-day loan with us. Our friendly lending process assesses more than just your credit score; we look at your current financial situation and ability to repay.
So, while bad credit can be a hurdle with some lenders, at One Stop Money Shop we aim to be more accommodating and understanding. Always ensure you can meet the repayment terms before borrowing.
Are urgent loans faster from a direct lender?
Yes, urgent loans are often faster when obtained from a direct lender. A direct lender is a financial institution or entity that provides loans directly to the borrower without intermediaries or brokers. When borrowing from a direct lender like One Stop Money Shop, there are fewer steps, streamlining the timeline for the application and payout.
Additionally, One Stop Money Shop has tailored and honed checking mechanisms that expedite the lending process while ensuring rigorous and comprehensive financial checks. This results in a swift, secure, and efficient loan process, making direct lenders preferred for those seeking urgent loans.
How long does approval take for a same-day loan?
Generally, the approval time for a same-day loan can vary depending on the lender, ranging from minutes to several hours. The process typically includes assessing the applicant’s financial history, current status, and other relevant criteria.
For One Stop Money Shop, if the application is fully approved before 3.30 pm, the loan can be finalised and funds paid on the same day, ensuring our customers have swift access to the financial support they need.
In some instances, One Stop Money Shop can even process and approve loans in around two hours, making it one of the faster options in the market for those seeking immediate financial relief.
Applicants should be aware that applications made late in the afternoon, on a Friday or over a weekend are unlikely to be processed in such a short time. This is due to our office hours and the role of partners, checking agencies and others in assessing the application and processing the payout. Applying on a weekday morning is the best time to maximise the likelihood of a same day loan payment.
When will I receive my money?
Generally, the time it takes for a borrower to receive their money after approval varies based on the lender and the specifics of the loan process. It can range from a few hours to even a day or two. For applicants with One Stop Money Shop, if your application is fully approved before 3.30 pm, you can expect to receive your money on the same day, and in some instances, funds can be available in as little as two hours.
How can I get an urgent, same-day loan online?
At One Stop Money Shop, we make applying for an urgent, same-day loan as simple as possible. With our online application process, you can complete the application process in five minutes, and we are constantly reviewing and updating our application process to make it as short and simple as possible.
How do I apply?
Our online application form requires you to provide us with personal information and might request some financial documents, all of this can be done online, with uploaded documents if required or open banking access. When applying, please ensure you can access documents like payslips, bank statements, and bank details and this will make your application and approval much faster.
What will I need to apply?
To apply for an urgent, same-day loan, you need internet access, and may need banking documents as well as payslips. When you provide us with copies of these documents, and some personal details, you can submit your application in the next to no time, all digitally online.
How long will it take?
We know you need a swift response when you apply for an urgent, same-day loan online, so we aim to review and process the application as quickly as possible. In most cases, our checks are finalised within one to two hours, and on most working days, if you are fully approved before 3.30 pm, we’ll provide your funds on the same day if your loan is approved.
How can I get in touch?
We want you to contact One Stop Money Shop in the most convenient way for you. You can drop us a message using an online form on our website, phone us at 01924 377771, or email us at [email protected].
If you need to speak with a staff member urgently, calling us is the best option, but we will do our best to acknowledge and respond as quickly as possible, regardless of the communication method you use.