No credit check same day loans

  • Fast 3 to 60 month online loans
  • 100% No obligation loan quotes
  • Accept and get your cash in 10 minutes*
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Affordable repayments
Affordable repayments

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

Rates between 11.8% APR and Maximum 1698.1% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

Can I get a no credit same day loan from any legitimate UK lender or broker? The answer is “no” because no credit check loans are not regulated by the Financial Conduct Authority (FCA). So why do people look for them anyway?

20 years ago, lenders only seemed interested in working with people with the very highest credit scores and the highest paying jobs.

However, since payday loans, short term loans, and same day loans came along, people who would never have had a loan application approved are now being told “yes” every day by lenders. In fact, according to government figures, nearly 15,000 people are being approved for loans every day.

Do lenders actually do credit checks anymore? The answer is yes – all reputable lenders in the UK are authorised and regulated by the FCA. And the FCA tells every company it authorises and regulates that they must run both a credit search and an affordability check on every borrower who applies.

No matter what you might read on other websites, every lender must run a full credit check on everybody who applies to them for a loan – with no exceptions. Even if you have been dealing with the same finance company for years (like a bank), they still have to run a credit check every time you apply for a new credit card or you apply to have your overdraft extended.

So, if you want a same day loan but you were hoping to find a same day loan with no credit check, what options are open to you now?

No credit check same day loans – frequently asked questions

Why do you have to do a credit check on me to get a loan?

Just a few short years ago, companies offering payday loans and short-term loans got a lot of bad press. The interest rates they charged their customers were very high. And politicians got very upset about it so they put a lot of pressure on the FCA do so something about it.

They did several important things in an attempt to make everything connected to payday loans and short-term loans a lot fairer and more transparent.

First, they forced every payday loan and short-term loan company to run full credit checks on each applicant, even if they were already a customer.

Second, every customer who applied had to have an affordability check carried out to make sure that the repayments they would have to make to their lender were affordable. The FCA did not want any borrower to suffer further financial hardship in the months when they were paying back the loan.

Third, caps were placed on the amount borrowers would pay back in interest (0.8% per day) and in fees (£15 maximum for missed repayments, for example). The total amount a borrower would pay back in fees and in interest would never be more than the amount of the original loan.

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Will bad credit stop me from getting a same day loan?

In many cases, bad credit will not stop you from getting a same day loan. If your credit history has a few missed payments over the years, we may very well be able to find a lender who is happy to say “yes” to you.

The more adverse information your credit report contains, the harder it will be for us to find you a loan, as you’d expect.

Want to find out the likelihood of being offered a loan through Growing Power? You can by completing our eligibility checker. No credit search is run on you at any point. Within 60 seconds of completing the form, we’ll then show you our confidence rating on your loan being approved. Please note that a high confidence rating does not guarantee that you will be approved.

If we are unable to find you a same day loan, we may recommend that you research a guarantor loan instead. To find out what a guarantor loan is, please click here.

How can Growing Power help me find a loan?

We have over 40 reputable and established lenders on our panel and many of them specialise in working with borrowers with bad credit histories.

Instead of doing all the searching yourself, let us do it for you. We’ll only contact the lenders most likely to offer you a loan based upon what you tell us about yourself on your application from. We’ll then send you to the website of the lender likely to offer you a competitive and affordable same day loan based upon the information you’ve provided to us.

Please do not apply for a same day loan unless you are absolutely sure that you know where the money to make each repayment is going to come from. Our job is to help you overcome temporary financial challenges – it’s not to add to your stress about money.

If you are in debt and you’d like to speak free of charge to a professional about how to deal with your debt, there are a number of organisations that you can contact. Please click the following links to find out more – StepChange, PayPlan, National Debtline, the Debt Advice Foundation, the Money Advice Service, and Citizens Advice.

GrowingPower works with borrowers looking for a loan from £100 to £10,000 over a repayment period from three months to five years. To apply for your same day short term loan, please click here.

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