Quick & Easy Loans For Everyday Lives

When you apply for a quick loan, your application is assessed using a combination of credit and affordability checks to ensure the loan is suitable for you. This includes information from Credit Reference Agencies (CRAs) and, where appropriate, Open Banking providers. These checks help us understand your current financial situation, including your income and essential outgoings, so we can make a responsible lending decision. Every application for fast loans is reviewed individually, and we always aim to ensure that any loan offered is affordable and in your best interests.

Our application process is designed to be quick and straightforward, with most customers completing it in just a few minutes. Once submitted, we carry out credit and affordability checks straight away. If no further information is needed by our customer support team, a decision is usually made shortly after. When approved, funds will be sent to your bank account within 15 minutes of signing your loan agreement, allowing for a fast turnaround from application to receiving your loan.

At Fast Loan UK, we offer flexible loans of up to £2,000. As a new customer, you can apply for up to £800 on your first loan. Once that loan has been repaid in full, returning customers may be eligible to apply for higher amounts, up to the £2,000 maximum, subject to affordability checks. While higher amounts may be available, it’s important to only borrow what you genuinely need, as high-cost short-term loans are not intended for frequent or ongoing use and should only be used in emergencies.

Yes, credit checks form an essential part of responsible lending. At the start of your application for a quick loan, a soft credit search is carried out, which does not affect your credit score. If your application progresses, a hard search will be completed as part of the final decision process, which will appear on your credit file. These checks help protect you from borrowing more than you can reasonably afford and support fair lending decisions. Learn more about how it works here. You can also discover further insights in our Money Smart blog.

A perfect credit score is not required to apply. While a stronger credit history can provide more options when looking for a loan, at Fast Loan UK, we take a more balanced view by looking at your overall financial situation. If you have experienced past credit issues, you may still be considered, provided the loan is affordable for you today. Each application is assessed individually, with a focus on current income, outgoings, and repayment ability.

Applying for a loan will initially involve a soft credit search, which does not impact your credit score. If your application for quick, easy loans is approved and progresses, a hard credit search will be recorded on your credit file. This is standard practice and helps trusted, FCA-approved lenders like us assess your affordability. Managing your loan responsibly and making repayments on time can help demonstrate positive borrowing behaviour.

Yes, you can repay your loan early at any time with us. If you choose to settle early, simply contact us, and we will provide an early settlement figure. This will include interest charged for the time you have borrowed and a £20 early settlement fee, subject to this not taking you over the 0.8% daily interest charge. Repaying early can reduce the total amount of interest you pay overall, so please do contact your customer care manager for more information.

Fast Loan UK is a direct lender, not a broker. This means we assess applications, make lending decisions ourselves, and provide quick loans directly to customers without passing applications to third parties. Being a direct lender allows us to offer quicker decisions, clearer communication, and a more consistent customer experience throughout the process.

No, there are no hidden fees. All loan costs, including interest and repayment details, are clearly shown before you agree to the loan and our default fees are capped at £15. There are no application or processing fees, and no late payment fees are charged. Transparency is an important part of how we lend, so you always know exactly what you are agreeing to. If you have any questions about this, please do contact us.

Repayment terms on our fast loans are flexible and designed to suit different circumstances. New customers can choose repayment terms of up to 8 months, with weekly, fortnightly or monthly repayment options available. Returning customers may be eligible for longer terms of up to 12 months. You can use the loan calculator to explore different repayment options and choose a term that fits comfortably within your budget.