Emergency Loans

Are you looking for an emergency loan in the UK?
Little Loans is a credit broker that works with a panel of over 30 trusted and responsible UK-based direct lenders. We could help you search for an ideal emergency loan.

Search for an emergency loan between £100 and £10,000, with a choice of repayment terms. Once you’ve completed our straightforward online form, it’ll take us just 60 seconds to let you know whether we’ve been able to match you with an emergency loan.

Using Little Loans to search for an emergency loan will not affect your credit score.*

Emergency loans in the UK: what is an emergency loan?

An emergency loan is money borrowed from a direct lender to cover an emergency expense. The money is then repaid in monthly instalments, including interest.

While an emergency loan may seem quick to apply for and receive, it’s important to note that application and payout timescales will vary between lenders.

I need money now: how quickly could I get an emergency loan?

We understand that financial emergencies often require quick action; however, you should make sure that you understand how loans work and whether they’re an affordable option for you before you apply.

When you take out an emergency loan, you’ll be charged interest. This will be added to your monthly repayments, which you must make in full and on time each month. It’s crucial to be aware that making a late repayment or missing one altogether could harm your credit score.

If I apply for an emergency loan, how soon could I get my money?

With many lenders, you can complete an application entirely online, which is typically quicker than visiting a branch in person.

If your application for an emergency loan is approved, some lenders could send your money the same day. However, please be aware that payout timescales vary by lender, and the time it takes for the money to appear in your account depends on your bank’s policies and procedures.

Applying for an emergency loan? Save time by using a credit broker

Searching for a direct lender emergency loan can be confusing. With so many options, the process can often feel overwhelming, and this is the last thing you need when you’re already dealing with a financial emergency.

Instead of spending time looking at different lenders, let Little Loans do the work for you. We’ll show your application to a panel of over 30 direct lenders at the same. We do this using soft search technology, which won’t harm your credit score or be visible on your credit file to anyone other than you and us.*

How much money could I get with an emergency loan?

With Little Loans, you could search for an emergency loan between £100 and £10,000 with repayment terms from 3 to 60 months, depending on the amount of money you apply to borrow.

Emergency loans for bad credit

Are you looking for an emergency loan for very bad credit? Whatever your credit score, Little Loans could help you search for a loan to suit your personal situation.

Many lenders, including several on the Little Loans panel, specialise in emergency loans for people with bad credit, and could be willing to consider your application.

It’s very important to think carefully before you apply for an emergency loan with bad credit. A bad credit loan could come with a higher rate of interest, and this will increase the overall cost of borrowing, as well as your monthly repayments.

Search for an emergency loan online

Little Loans could help you search for a direct lender emergency loan online if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and a valid debit card; and
• Have a regular source of income paid into your bank account.

Emergency loans for people on benefits

You could be eligible for an emergency loan if you get certain benefits. However, your borrowing options may be limited. You must ensure you have enough income each month to afford your loan repayments and necessary outgoings, such as rent or mortgage, bills, and food.
You can find out more in our guide, Loans for People on Benefits.

If you’ve been claiming certain benefits for a minimum of six months, you could get an interest-free Budgeting Loan.

Emergency loans with no credit check

No-credit-check loans do not exist in the UK. Under FCA guidelines, all authorised and regulated lenders in the UK must complete a full credit check, known as a creditworthiness assessment, on anyone who applies for credit.

Before you share your personal and financial information with a company, you should make sure they appear on the FCA register.

What happens if I can’t afford to make my emergency loan repayments?

If you’re having difficulty making your monthly repayments, you should contact your lender. They will talk you through your options and work with you while you get back on your feet.

Please know that you can get free, confidential financial advice from several charities and organisations, including StepChange, MoneyHelper, Citizens Advice, and National Debtline.

*Little Loans uses soft search technology, which will not affect your credit score. If you’re matched with a loan and choose to make a full application, the direct lender will complete a creditworthiness assessment. This will include a hard search or an Open Banking check. Please be aware that a hard search will be visible on your credit file for up to 12 months, and multiple hard searches in a short period of time could harm your credit score.