Have you searched for terms such as '15-minute loans' or 'could I get a loan in 15 minutes'? Perhaps your boiler has packed up, or you need to pay for urgent car repairs, but your savings don't quite cover the bill. When you're searching for a loan and time is of the essence, you'll want a straightforward application process.
Using a credit broker, like Little Loans, to search for a loan could save you time. Your loan request will be shared with different lenders, and we'll let you know if we've matched you with a loan in around 60 seconds.
A 15-minute loan cannot be guaranteed. This is because the amount of time it takes to apply for a loan, get a decision, and have the money paid into your account will vary from lender to lender.
When you apply with a direct lender, they will complete a creditworthiness assessment, which will include a hard search or an Open Banking check. If you make several applications during your loan search, you may well undergo multiple hard searches, and this could harm your score.
It's not possible to get a 15-minute loan without a credit check; in fact, you cannot get any type of loan in the UK without a full creditworthiness assessment.
In line with regulations set by the Financial Conduct Authority (FCA), all authorised credit providers in the UK must carry out a creditworthiness assessment on anybody who makes an application for a loan.
Any company claiming to offer 'no credit check 15-minute loans' or 'guaranteed 15-minute loans' should be avoided.
Before sharing your personal or financial information, you should make sure that the company appears on the FCA register. You can use the FCA Firm Checker tool for free.
While Little Loans cannot guarantee that you will get a loan in 15 minutes, we could make searching for a loan as efficient and straightforward as possible.
Little Loans is a credit broker. We work with a panel of over 30 direct lenders who are all authorised and regulated by the FCA.
With Little Loans, you can search for a short-term, personal loan between £100 and £10,000. Depending on the amount of money you apply for and are approved to borrow, you could repay your loan over 3 to 60 months.
Not only could using a credit broker be time-effective, but it could also help protect your credit score. This is because a credit broker will use what's known as a soft search to try to find you a loan. A soft search will not impact your credit score or leave a visible mark on your credit file.
If we can match you with a lender, you'll go on to complete a creditworthiness assessment, which will include a hard search or an Open Banking check. Please note that a hard search will remain on your credit file for up to 12 months, and multiple hard searches in a short period of time could harm your credit score.
Our online form should take no longer than 5 minutes to complete. Once you've let us know some personal details, how much money you need to borrow, and for how long, we'll scan our panel of lenders for a suitable loan - this stage should take around 60 seconds.
You can search for a loan with Little Loans if you:
You could still be eligible for a loan, even if you have bad credit.
Several of the lenders on the Little Loans panel specialise in loans for people with bad credit, although please be aware that if you are approved for a loan, you could be offered a higher rate of interest.
The higher the interest rate, the more expensive the loan.
Repaying a loan should never prevent you from being able to pay for your essential monthly outgoings, such as housing, bills, and groceries.
If you've been matched with a loan, you'll be transferred to the lender's website, where you can read the full details of your loan offer. You'll undergo a hard credit check at this stage, which will affect your credit score. Your lender will be able to tell you more about how long the application process will take, and, if approved, when you can expect your loan to be paid.
Some of the lenders on the Little Loans panel could send your money the same day your application is received; some may even be able to payout within 15 minutes.
Please be aware that the time it takes for the money to become available in your account will depend on your bank's policies and procedures.
If you've taken out any type of loan and are finding it difficult to make your monthly repayments, you should reach out to your lender as soon as you can. They will be able to advise you on any steps you could take to help reduce some of the financial pressure you're facing.
You can get free financial advice from any of the following charities and organisations: StepChange, MoneyHelper, Citizens Advice and National Debtline.
Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender