Text Loans

When you need money fast, a text loan can be a quick and convenient alternative to a traditional payday loan, but is it true that you can apply for a loan entirely by text message? In short, no, when you are sent a text message by a lender or broker, they are usually an invitation to submit a full application. A lender or broker usually sends you a text message if you have interacted with that site before, you may have filled in an enquiry form, an application form or be part of a mailing list for that finance company.  

What is a text loan?

Text loans

As the name suggests, text loans were (usually) payday loans, where you could make a request for money via text message. Text loans are not widely available anymore and these days, very few lenders offer this service. , In most cases, the lender will simply send a text to the borrower that contains a link to their online application form. This means that borrowers can quickly go from text to loan on their smartphone,, simply by confirming the amount they want to borrow and several other key pieces of information.

These loans were extremely useful if you needed to make an immediate purchase and couldn’t afford to do so but can also come with high-interest rates. It used to be the case that many text loan lenders would only approve small amounts because the information provided when applying via SMS was minimal, but in most cases they are now simply a quick way of accessing a lender’s online application form.

Little Loans doesn’t offer a text loans application service, but by using our smartphone optimised website we can help you to apply for a quick loan that is just as convenient and can be paid into your bank account within minutes* of being approved.

Sometimes, a direct lender that you have enquired with before may invite you to complete an unfinished application by sending a text message to you and including a link to their website to pick up where you left off.

It is worth mentioning that text loans can be used as a tactic by scammers to try and pose as a company. So it is always worth checking the phone number before clicking any links from unknown companies or numbers – for more information or if you think you may have been a victim of cyber crime visit action fraud.

What is a mobile loan?

Can you get a text loan on your mobile?

One drawback of text loans is that in most cases you can only apply in this way to if you have interacted with the website previously. This means that unless you’ve done your research, it’s difficult to know if you’ll get accepted or if you’re getting a competitive rate. Enter mobile loans, which you can apply for by using your smartphone to access the website of a direct lender or credit broker. Mobile loans work in much the same way as if you had logged onto your computer to make an application.

The Little Loans website is designed to give smartphone users a seamless experience to ensure that you can apply for fast, short-term loans wherever you are. Our quick and simple mobile loan application form will help to connect you with a lender that is right for your circumstances and we’ll never charge you for our services regardless of how you apply‡.

Can I get a loan on my phone?

How to get a loan on your mobile

Getting a loan on your phone can be just as easy as applying using a laptop or desktop computer. By using our mobile optimised website, you can access all of the features that will help you to find and apply for a finance that suits your needs. Whenever, wherever. Our eligibility calculator will give you an indication of whether you are likely to be accepted and our quick and easy application process will help to connect you with a suitable lender in just moments.

We appreciate that some customers may be concerned that applying for a loan using their phone may not be secure. Provided that your mobile device is running the latest software provided by its manufacturer, it should be perfectly safe to apply for a quick loan using your smartphone or tablet. In addition, Little Loans is authorised and regulated by the Financial Conduct Authority (FCA), so you can be sure that we are a reputable and trustworthy credit broker.

Can I get a text loan with bad credit?

text loans with bad credit on your mobile

Some companies may offer a text loan service that caters for those with bad credit, but we also work with a panel of lenders who are willing to extend credit to people with a less than perfect financial history.  This means that you could get access to a short term loan even if you have a poor credit rating.

We recognise that it can be frustrating to apply for a loan if you have bad credit. For one thing, having a bad credit score can make it difficult to get approved by loan companies, especially more traditional lenders such as banks. We know that there are lots of reasons why you may have a poor credit history and don’t believe that you should be penalised too harshly for mistakes made in the past. Our panel of lenders offer short term loans of between £100 - £10,000, so whether you’re on benefits, have a low income, or struggle with a bad credit history, we will do all that we can to find loans and lenders for when the going gets tough.

Are text loans 24/7?

Text loans are available 24/7 but our website is too, so you can apply for a quick short-term loan at any time that is convenient for you. All you’ll need is your phone or another smart device, access to the internet and a few minutes to fill out the details we need. Once you’ve applied, you can get a decision from a lender in an instant and the money can be paid into your bank account the same day, often within minutes*.

I need advice on my debts. Who can I speak to?

If you have a low credit rating and are struggling financially, it is important to consider how taking out further loans may impact you. If you are concerned about coping with increasing levels of debt and financial commitments the organisations listed below can provide you with free and impartial advice.




*Once approved, your cash could be sent within minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

‡ Little-Loans.com does not charge customers a fee for using its broker services, however, customers may be charged fees by any lenders or brokers introduced to them through this website.

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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