Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Bad credit same day loans

  • Fast 3 to 60 month online loans
  • 100% No obligation loan quotes
  • Money could be sent in minutes*
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79.5% APR Representative

Digitonomy Limited (trading as Growing Power) is a credit broker not a lender. All Applications Subject to affordability, UK residents only.

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

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Affordable repayments
Flexible Repayment options

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £1000.00. Interest rate: 79.5% pa (fixed).79.5% APR Representative.

Rates between 11.8% APR and Maximum 1721% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

Bad credit same day loans explained

Bad credit same day loans are an option for borrowers who have been hit by an unexpected bill or expense. Some loan providers appreciate that, because there’s a financial emergency in your life, you need the money in a hurry.

As a result, many lenders are now able to pay a loan directly into your bank account, and can send the money minutes* after you’ve signed their online paperwork. What's more, the application process itself only takes a few minutes to complete.

How do bad credit same day loans work and how can Growing Power help you find a competitive and affordable bad credit same day loan?

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Key information

Ready for a quick loan?

Can I get a same day loan if I have bad credit?

Yes. Same day loan companies are primarily set up to serve the emergency financial needs of borrowers who have less than perfect credit scores. According to the FCA, 450,000 bad credit loans are taken out every month by borrowers in the UK.

Just because you have a bad credit rating, that should not put you off from applying for a same day loan if you can afford the repayments and if you can’t find the money elsewhere.

Can I get a payday loan if I have a bad credit history?

Yes. Although your credit score is still very important to loan companies, it’s important for you to remember that the lenders we contact on your behalf are used to dealing with people with adverse information on their credit reports.

That’s because bad credit same day lenders also take into account other issues and put more weight on who you are now, not who you were a few years ago.

Bad credit loan providers consider your current personal and financial circumstances as well as what’s on your credit report. They look at how much you're earning, how much you spend every month, how much you pay on your mortgage or for your rent.

They want to understand how much money you have left after you’ve met all of your other financial commitments so that they’re sure that the repayments you make are affordable. They want their short-term loan to help you, not to cause you any more financial distress.

Can I get an emergency loan if I have bad credit?

Growing Power matches borrowers looking for bad credit same day loans (sometimes called emergency loans) with the right lender. There are over 40 companies on our panel of FCA-authorised and regulated lenders and many of them specialise in working with borrowers who need help with an emergency loan.

No two lenders are the same. With each short-term same day loan lender on our panel, they tell us the type of borrower they like to work with and the types of loan they like to approve. With that information, we match you to one lender using the information you give us on your application. Please note that occasionally we are unable to match a borrower with any of the lenders of our panel.

If you need a quick loan and you can’t find the money you need now from any other source, we want to save you time by only introducing you to the lenders most likely to say “yes” to you based upon your current financial situation.

How do same day loans work?

On your application form, we’ll ask you to share with us some personal and financial information about yourself. We’ll also ask you how much you need, how long you want to pay it back over, and what you need the money for.

We then send your details to the lenders who are able to offer the type of loan that you need and who are likely to be happy with your personal and financial details. They run a soft credit check on you as part of their pre-approval process.

Within a few seconds, one of the lenders who is willing to lend to you based on the information you have provided in your application will be flagged by our system. If we get a positive result back, we then redirect you to the website of the lender most likely to offer you a competitive loan with the most affordable repayments based upon the details you shared with us when you applied.

They’ll ask you a few more questions and, with your permission, run a hard credit search on you - just let them know that you want to proceed with the application and give them the go ahead to perform the search. Very quickly, the lender will either make you an offer or decline your application.

If the lender makes you an offer, they’ll show you all the key information you need to know so that you can make the decision on whether this is the right loan for you. If it is and you’d like to go ahead, let the lender know and then they’ll ask you to read and agree to the terms and conditions and to sign the online agreement form.

Once approved, the money could be on its way to your bank account in minutes.

Are Growing Power's same day loans authorised and regulated?

Growing Power is a broker – we’re not a lender. We don’t lend you money ourselves. Instead, what we do is to introduce you to lenders who would be interested in approving the loan you need.

Growing Power is FCA-authorised and regulated, as are all the companies on our panel of lenders.

Will you sell my data to other companies?

Growing Power does not sell your data to any marketing companies. We only use the data you provide us with when you want us to find a lender for you. We may occasionally wish to contact you with news, offers, and promotions using the information you’ve given to us – you’re free to opt out at any time. Just visit the contact page and one of the team here will be happy to help.

Applying for a bad credit same day loan

If you wish to apply for a bad credit same day loan, please make sure that you only borrow what you need and that you can comfortably afford the repayments.

If you currently have a level of debt that you’re finding difficult to manage, there are six different UK organisations offering free help, advice, and support that you may benefit from speaking with. Please click on the following links to find out more about each organisation. StepChange, PayPlan, National Debtline, the Debt Advice Foundation, the Money Advice Service, and Citizens Advice.

To apply for a bad credit same day loan through Growing Power, please click here.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.