24-Hour Loans. Day or Night, You Can Find A Loan.

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24-Hour Loans, here when you need them.

24-hour loans are a handy alternative to long-term loans or other forms of credit, such as credit cards. They can provide a quick fix for those who require a fast financial boost without the ongoing commitment. Within a matter of minutes, you can gain access to the money you need to tide you over before your next paycheque arrives, giving you instant peace of mind.

What is a 24-hour loan?

A 24-hour loan is a fast loan paid into your bank account on the samme day. You can apply for these fast, short-term loans online and receive an instant answer so you’ll know within minutes whether you can borrow the money you need.

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What are the benefits of a 24-hour loan?

Unexpected bills can hit even the most organised among us, and sadly it is impossible to completely future-proof your finances. Whether unexpected utility bills have hit you, you need to repair your car, or you suddenly face a costly family emergency, the need for emergency cash can cause a great deal of stress and worry. Thankfully, 24-hour loans can be a simple and efficient way of bridging the gap when you’re faced with an unplanned expense.

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Your questions, answered

Am I eligible to apply for a 24-hour loan?

Before you apply for a 24-hour loan, you will need to check your eligibility. At The Money Shop, we ask that all our customers meet the following requirements:

You must be living in the UK.
You must be aged 18 or over.
You must be able to prove that you receive a regular income.
You must be a UK bank holder.
You must be able to provide an address history for the past three years.
You must have a working email address and mobile phone number so we can contact you.

If you meet all the above requirements and can provide us with all the details we need, you will be able to apply for a 24-hour loan. Eligibility does not guarantee you will be accepted, but it is the first step in securing your much-needed cash.

Will the money I borrow arrive today?

Yes. Our broker partner’s panel of lenders specialise in finding fast loans for those in need of money within the next 24 hours, whether you have an unexpected bill to pay or need to make an unplanned purchase. If you are eligible to apply for a loan and receive approval for your request, your money can arrive in your bank account within hours.

Does a 24-hour loan require a credit check?

Yes. All reputable loan companies in the UK are regulated by the FCA (Financial Conduct Authority) and are required to run a credit check on every loan application. By conducting a credit check, lenders can use your credit history to assess whether you will be able to make your repayments, so you can avoid taking on more credit than you can afford.

Is a short-term loan right for me?

A 24-hour loan is a fast, convenient way of coping with any unexpected expenses that may come your way. If you are confident that you will meet the repayments on your loan, it may prove to be the right choice.

However, this doesn’t mean it is the right move for everyone. Before you take on a short-term loan, you should consider whether you are financially stable enough to repay any money you will owe. It is also important to consider any factors that could threaten your income, such as job security and potential health problems. If you are not sure you have the financial stability to repay a loan, you should consider other options, such as borrowing from friends or family.

How much money can I borrow?

The amount you can borrow via a 24-hour loan can vary. At The Money Shop, our broker partner’s lenders offer loans of between £50 and £5,000. When you fill in your application, you can simply select the amount you need to borrow and check that the repayment terms are suitable for your period and income. If you are happy with the terms, fill in an online application, and they will give you an instant answer. Once approved for your loan, the money can be with you quickly.

How do I repay my 24-hour loan?

When you apply for your loan, lenders will provide you with a clear repayment schedule, so you know exactly how much you will need to repay and when you will need to repay it. Your repayments will include the total amount you have borrowed along with any interest. A loan calculator is a useful way of checking how much you can afford to repay to make sure you can meet your repayment terms.

What happens if I miss my repayments?

If you miss your repayments, you may be required to pay a penalty or late fee. This will affect your credit report and increase the amount of money you owe. The impact of missed payments on your credit score can be significant, so please check you can meet your repayment obligations before you apply for a loan.

Should I apply for a 24-hour loan?

It is important to consider whether a short-term loan is right for you before you apply. Take time to assess your finances beforehand and if you are not sure whether a 24-hour loan is the right option based on your financial circumstances or other personal factors, try asking yourself the following questions:

Why do I need to borrow money?
How much money do I need to borrow?
Will I be able to afford the repayments if I borrow the amount I need?
Could the expense wait until a later date, for example, when I’ve had time to save some money?
Could a friend or relative lend me the money to help me avoid costly interest?

24-hour loans aren’t the right choice for everyone, but they can be an efficient form of credit for the right borrower.

How can I find out how much I can borrow?

Simply select the amount you need, choose your repayment terms, and the calculator will do the rest. Each representative example will show you the total amount you will need to repay over your chosen period, including the amount of interest you will owe. It also shows how much you will save if you were to repay your loan ahead of the agreed-upon schedule. While the resulting figures are only an example of the 24-hour loan you may be able to secure, we hope it will help you decide what loan amount will be best suited to your income, financial needs and repayment period.

How can a 24-hour loan via The Money Shop help?

At The Money Shop, we specialise in helping people gain access to much-needed cash within minutes. Our broker partner’s online service makes applying for a loan quick and easy. Simply fill in our online form, and they’ll let you know instantly whether you have been approved for a loan with any of the lenders on their panel. Once your application has been accepted, you can have between £50 and £5,000 in your bank account so you can pay for those unplanned expenses on the same day.

Every loan taken out with our partner’s panel of lenders comes with clear repayment terms and no hidden fees, so you always know how much you will need to pay back and when each repayment is expected. We also have a dedicated Customer Service team on hand seven days a week to help you if you have any questions or concerns.

Want to know more about other lending options?

While 24-hour loans can be a great way of meeting short-term, unexpected costs, they are not right for everyone. If you feel a different lending option might be right for you, please look through our in-depth guides on alternative solutions. Contact our Customer Service team to find out more about the other loans on offer through The Money Shop. Our experts are always happy to discuss alternative loan options or point you to the right advisor if you need more personalised guidance.