If you’re searching for an emergency loan, there’s a chance that you need money in a hurry to fund an unplanned expense, such as urgent car repairs, or replace a packed-up home appliance.
The Growing Power form should take around five minutes to complete, and if approved by your lender, your money could be sent today.*
* The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

Before you apply for an emergency loan…
It’s vital to remember that a loan is a serious financial commitment, and you should think very carefully before you begin your search.
When faced with an urgent financial situation, it can be easy to panic and jump into making a decision that might not be right for you.
Before you search for a loan, there are certain things that you should take into consideration.
- Firstly, you should take a step back and ask yourself whether a loan is the most suitable option for you at this stage. Could a friend or family member help you out? Do you have any savings you could use?
- You should only ever apply to borrow the amount of money that you need and can afford to repay.
- Your repayments will include interest and must be paid on time each month. Making a late repayment or missing one altogether will harm your credit score. You could also be charged a late fee.
Could I get an emergency loan today?
Growing Power is a credit broker, working with a panel of over 30 responsible lenders.
You can search for an emergency loan using the Growing Power credit broking service if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account and valid debit card; and
- Have a regular source of income paid directly into your bank account.
How much money can I borrow and for how long?
The lenders on the Growing Power panel offer personal loans from £100 to £10,000, with repayment terms from 3 to 60 months, depending on the amount of money you apply to borrow.
Please note that Growing Power does not work with any lenders of payday loans. A payday loan is usually required to be repaid within a month, whereas a short-term loan could allow you to spread the cost of borrowing.
I need money now - how quickly could my emergency loan be sent?
Some lenders, including several on the Growing Power panel, are able to send your money the same day as your application is approved.
The time it takes for the money to become available in your account will vary, depending on your bank’s policies and procedures.
Emergency loans for people with bad credit
Financial emergencies don’t discriminate; they can happen to anyone, at any time. If you have a history of poor credit, it’s understandable that you might feel anxious when looking into your options to cover the cost of an emergency expense.
Growing Power work with a number of lenders who specialise in emergency loans for people with bad credit.
You should be aware that a bad credit loan could come with a higher rate of interest, and you might not be approved to borrow as much money as you need.
I need money fast - how can I speed up the loan process?
Again, in this situation, it’s important to take your time and think very carefully before you make a decision that might not be quite right for you.
It’s not possible to speed up a loan application. In line with guidelines set by the Financial Conduct Authority (FCA), all responsible lenders in the UK are required to carry out an affordability check on anybody applying for a loan. These affordability checks are in place to protect you and cannot be hurried.
There are things you can do to make the application process as smooth as possible, including completing the application to the best of your knowledge and having the correct documentation to hand for the lender’s checks.
If you need money as soon as possible, you may also wish to double-check the payout timescales of your chosen lender, so you know exactly what to expect.
What’s an affordability check?
An affordability check will include either a hard search or Open Banking.
Open Banking is a secure process carried out by an authorised third-party, such as a lender. With your consent, they’ll access your bank account with a read-only view and look over your recent financial history, which will help them in their decision whether to lend you money.
A hard search will remain on your credit file for up to 12 months and undergoing multiple hard searches within a short period of time could have a negative impact on your credit score.
Growing Power in numbers
- Our straightforward online form should take around 5 minutes to complete.
- It takes just 60 seconds for us to complete our soft search eligibility check and scan our panel of lenders for a suitable loan for you.
- We’re proud to have 30+ lenders on our panel, all of whom are authorised and regulated by the FCA.
- Apply to borrow from £100 up to £10,000.
- Repayment terms from 3 to 60 months, depending on the amount of money you apply to borrow.
I can’t afford my loan repayments; what are my options?
If you’ve run into financial difficulty while repaying your loan, you should contact your lender as soon as you can.
Life can be unpredictable, and our situations can change, often through no fault of our own, and your lender will understand this. They’ll be able to discuss any options that may be available to help reduce some of the pressure you’re facing.
Where can I get financial advice for free?
If you’re struggling with money, it’s really important to remember that help is available. Money worries can feel isolating, but you have nothing to feel ashamed of, and reaching out and asking for support will take you one step closer to regaining control of your finances and getting your confidence back.
You can find free, confidential advice through charities and organisations such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.