Find out how to borrow money fast

If you need money, here are the ways you can get it quickly.


There are times in life where you need money for a late bill or an emergency expense, but aren’t sure where you can get it.

We’ve outlined the ways you can borrow money fast so you don’t have to spend time worrying about filling the gap until you’re next paid.

Compare your short-term loan options

Table: promoted deals, sorted by total payable
How much do you need to borrow?

How long do you need to borrow for?

Name Product Available amounts Monthly repayment Total payable
Lending Stream Instalment Loan
£50 to £1,500
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44. Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Credit card cash advances

A credit card cash advance is effectively a cash loan you take out through your credit card. The easiest way to get a same-day credit cash advance is by withdrawing money from a cash machine using your card. You’ll need to have a credit card in good standing to be able to withdraw money from it, and you’ll need to be within your credit limit.

Although you can repay the cash advance over a long period of time, interest normally starts to accrue on the balance immediately. Bear in mind that card issuers typically charge a higher interest rate for cash advances.

In most cases you’ll also be charged a cash advance fee. The fee is either a lump sum (typically around £3), a percentage of the amount being borrowed (typically around 3%), or a combination of the two – for example 3% of the amount you withdraw, with a minimum of £3.

It’s also often possible to transfer money from your credit card to your current account (or any account for that matter). As with a cash advance, you should expect to pay a higher rate on this part of your balance, and also a fee.

Personal loans

A personal loan is a form of credit offered by many lenders and financial institutions. These loans generally come with lower interest rates and higher maximum amounts than a credit card cash advance or a payday short-term loan. Loan terms typically range from one to seven years, but some lenders offer loans outside of this range.

These loans might not be quite as fast to get as payday loans, but depending on the amount and loan term you’re after, a personal loan could be a more affordable option for borrowing the money you need.

The eligibility criteria for personal loans is usually a bit more strict, requiring good to excellent credit and a regular income. However, there are specialist options available if you have bad credit.

Online borrowing options

You can turn to an online lender for a variety of different loan products, including:

  • Online short-term/payday loans. Some lenders offer same day or even instant approval online. Repayment terms will vary depending on the lender and your circumstances, but the loan could be as short as one week.
  • Online vehicle finance. If you need to buy a car, there are a range of different vehicle financing options you may wish to consider, with flexibility on how much you pay upfront.
  • Online personal loans. You can apply online for a personal loan through many lenders. Be sure to check the eligibility criteria to make sure you qualify for the loan.
  • Online logbook loans. Not for the faint-hearted, these loans allow you to quickly borrow money secured against your vehicle. For the term of the loan the lender effectively becomes the owner of the vehicle. Fail to repay the loan, and you lose the vehicle, as well as damaging your credit rating.

Whichever you opt for, you can check whether a company is regulated by the Financial Conduct Authority (FCA).

What are the benefits and drawbacks of borrowing money online?


  • Compare a range of options. There are a huge number of lenders operating online, and they can all be compared in one place. This is easier than driving to separate lender locations and comparing costs in person.
  • Easy applications. Once you’ve found the loan you want to apply for, you can complete and submit your application in a few minutes.
  • Receive the loan directly into your account. When you apply for a loan online, the money is sent directly to your nominated account.


  • High costs. Depending on the type of loan and the lender, you’ll see some high interest rates.
  • Some disreputable lenders. Be careful who you borrow from and always check that they are operating legally.

What you need to borrow money online

When you have chosen a lender, click “Go to Site” to submit your online application. You’ll need some of the following details on hand:

  • Personal. Your name, address, date of birth and contact information.
  • Financial. Your income, employment or government benefits details.
  • Banking. You’ll usually need to give details of your nominated account.

Alternatives to using a lender

If you’re worried you won’t qualify for a loan or just want to find a way to get cash without it affecting your credit, there are alternatives.

Look into picking up side work, borrowing money from a friend or simply requesting more time to repay your debts. These will help you avoid costly interest rates and the potential spiral of debt some people get into with short-term loans.

AlternativeWhat you can do
Ask for more timeIf you have a bill and you know you’re just not going to be able to pay on time, give the company a call and ask for an extension. You’ll be surprised that many companies will work with you to come up with a repayment timeframe that works for both parties. If you can’t pay the bill at all, you may have less negotiating power. You can try asking to speak with a repayment representative and see if they can waive the late fees, give you more time or even work out a more flexible repayment schedule.
Ask your family or a friendAsk your family or a good friend to lend you some money. They may be willing to offer you a cash loan with no interest. But make sure you agree to repayment terms. Nothing can kill a great relationship like never repaying borrowed money.
Ask your employerSome employers could give you an advance on your wages, and some big companies have employee loan assistance programmes. If you opened up a discussion with your manager around this, you might even be able to discuss ways in which you can earn some more money with the company. Have you been doing such a good job you could get a bonus? Take a moment and think about any ways you could quickly earn some more money with your employer because it already trusts you and can pay you quickly.
Sell somethingWhat could you sell today that will give you some money? Some examples are: an old cell phone and an old stereo, or stamps or rare coins. Look around your house and try to find something you don’t use that has value. You could quickly put it on eBay or a local reselling app and get some quick cash.
Do some side gigsThis could include: writing, manual labour, event coordination, creative or design work, database work, pet-sitting or even housesitting. If you want quick cash, avoid online listings that say “great experience” or “ideal for exposure”, these jobs are typically unpaid and just for people trying to get their foot in the door in a specific industry. Also try to find a few similar jobs and compare rates so that you can get the most money for your time.

Repayment costs for online loan vs other lenders

If you borrowed £500, here are the estimated repayments:

Type of LenderEstimated total payableTurnaround time
Payday/short-term instalment loan£760 if paid back within 3 monthsSame day
Cash advance on your credit card£522 if paid back within 3 monthsInstant (ATM withdrawal)
Online bad credit personal loan£618 if paid back in 12 months1 to 5 working days

You loan repayment cost depends on your loan interest rate

Your interest rate will determine how much interest you will get charged from your loan and this will change your repayment figure. In some cases, lenders will determine your individual interest rate based on your credit file – the better your credit score the lower the interest rate, but this is dependent on the lender.

Payday loans are regulated by the FCA, so that you should never have to pay back more than twice the amount you borrowed, and you should never be charged more than 0.8% (80p per £100) per day.

Frequently asked questions

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