Quick Loans in the UK - Instant Approval
How much money do you need?
Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
- Fast Quote
- Bad Credit Considered
- Safe and Secure
- 24/7 UK Service
What Is A Quick Loan
and How Does It Work?
As the name implies, a quick loan is a type of loan that provides the borrower with immediate access to funds. It can be used for a variety of purposes such as covering medical bills, paying for funeral expenses, or purchasing a car. A quick loan can be obtained quickly and approved without too much hassle.
Depending on the lender, you might get your loan on the exact day you requested. However, now different loan lenders offer other options. These differ in the term, loan length, customer service, and APR.
Considering all of these are essential factors that cannot be neglected, choosing the right vendor becomes a lot more serious when asking for a quick loan.
When May I Need a Quick Loan?
A quick loan is perfect for someone who needs money and has no other options. There are many reasons why someone may need a quick loan, such as:
- Personal transport problems
- Emergency medical bills
- Emergency home repairs after a disaster
- Funeral expenses
- Variations in income
How Do I Choose the Right Quick Loan
In The UK?
Most people are tempted to take a quick loan without any care and thought, only thinking about the current problem. However, when choosing a quick loan in the UK, you should assess all the essentials and personal requirements capabilities before selecting.
Here are some of the things you must watch out for before applying for a quick loan:
- Never borrow without considering your current earning amount. There are budget calculators out there that help with this procedure.
- Never accept the repayment terms before going through them thoroughly. Read as many times as you want and understand every detail.
- Instead of only looking at the loan, be sure to inspect the APR (Annual Percentage Rate) as well. Some lenders offer instant loans but at ridiculously high APRs.
- Don’t rush your decision no matter how urgent the loan is required. Carefully reading the terms now can help you save from a long period of complications.
CocoLoan is a leading quick loan broking service provider in the UK, which is committed to helping those in need of quick money by providing them with a chance to get loans at affordable interest rates.
Why CocoLoan is the Best Broker for Me?
CocoLoan makes the entire process easier for you and not only offers decisions delivered in a short amount of time but also incredible flexibility in its package plans.
We offer loans between £50 and £5,000
Our loans are offered with huge flexibility of intervals which means you can choose the amount that suits your need, making the entire process comfortable for you.
Decisions are offered within 30 minutes
We don’t keep you waiting on your loan as our decisions are offered as fast as within 30 minutes. This makes sure you can get your loan as soon as possible.
Our APRs are reasonable
Although our decisions are fast, our loans don't have ridiculously high APRs. Our lenders will carefully review your application and then give you a reasonable rate.
There are no hidden fee
We calculate the cost of your loan and the repayment schedule upfront. We won't surprise you with any last-minute hidden charges.
How to Get Loans Fast and Easily on CocoLoan?
Requesting a loan with CocoLoan is a straightforward process.
Fill Out an Application Form
From our site, you can enter the necessary information, such as the amount you want to borrow, how long you wish to borrow, and the number of repayments you will be making.
Sign Your Loan Agreement
The information will be sent out to all available lenders, who will instantly confirm the details you had entered in the form. After that, a link will be sent to sign your loan agreement.
Get Your Quick Loan
After the approval, the money will soon be transferred to your account, usually as soon as the same day. That’s it!
What Are The Requirements For Getting Quick Loans?
To be eligible for a quick loan on CocoLoan, there are a few requirements you need to meet:
- Need to be a UK resident
- Aged between 18 - 70
- Holder of a UK bank account with a debit card
- Monthly net income above £700
Can I Get Quick Loans With Poor Credits
in the UK?
The answer to this question is yes. It is possible to get quick loans with poor credit scores in the UK. There are many lenders that offer loans for people with a bad credit profile and these lenders may have slightly different requirements for approval. Also note that the amount you’re able to borrow can be significantly less and the loan rate can be higher.
What If I Want To Get a Quick Loan Without a Credit Check?
For the safety of both the borrower and lender, checks are an important part of handing out loans and must be completed before a loan is given.
Your credit rating will not be affected by the soft credit checks when you’ve submitted the application. And once you are accepted, the lender will carry out a hard credit check on you, which can affect your credit history.
Get a Quick Loan Easily With CocoLoan!
Need quick money to cover unexpected expenses?
Don’t worry! Apply for our immediate payday loans even if you have a bad credit score!