Fund Ourselves Short Term Loan
- Peer-to-peer instalment loans
- Loans between £100 and £1,500
- No early repayment fees
Tick Tock Loans: 2023 review plus similar companies
If you have an unexpected expenditure and a poor credit score has limited your options for getting credit, Tick Tock Loans could help with a short-term loan of £300 to £1,000 for up to 6 months.
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A newcomer to the short-term loans market, Tick Tock Loans says its “personal touch” is what sets it apart from its competitors. It puts an emphasis on “manual underwriting”: rather than a computer making a decision on your loan, a personal account manager will consider your application on an individual basis.
Interest rates will vary depending on your ability to pay and your employment status. Make sure you always take the time to understand what the exact terms are that you’re being offered before you agree to a loan.
If you are approved for a credit facility with Tick Tock Loans, it will act as a direct lender (not a broker). Tick Tock Loans is authorised and regulated by the Financial Conduct Authority.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
How do Tick Tock Loans hold up against the competition?
Table: promoted deals, sorted by total payable
As well as comparing short-term loans with other types of credit, before you apply for a loan, it’s a good idea to shop around and compare a range of lenders. You can use the tool below to get an idea of how much the loan that you have in mind might cost.How much do you need to borrow?
How long do you need to borrow for?
1 - 5 of 5
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
We compare payday/short-term loans from
Key features of Tick Tock Loans
| Product Name | Tick Tock Loans Short Term Loan |
|---|---|
| Available Amounts | £300 to £1,000 |
| New customer maximum | £1,000 |
| Loan terms | 3 months to 6 months |
| Maximum APR | 1,250% |
| Soft search eligibility check | |
| Employer contacted during application | |
| Funding speed | Once approved for a loan, Tick Tock loans says that you can expect the money in your bank account within a few hours. |
| Repayment period options | Monthly |
| Default repayment method | Direct debit or Continuous payment authority |
| Repay early at any point | |
| Parent company | Savvy Loans Products Ltd |
| FCA registration number | 718888 |
How does a loan from Tick Tock Loans work?
- Use the sliders on the homepage to select how much you can afford to borrow and for how long.
- Complete the online application form, which will ask for details of your monthly income and expenditures. You will need to provide at least three months of bank statements to confirm your income.
- Tick Tock Loans will then perform a full credit search to assess your creditworthiness and ability to repay the loan. This will leave a footprint on your credit file.
- You will be given a decision on your loan within one working day of your application being submitted.
- Once approved, you will receive the money into your bank account within a few hours.
How do I pay back my loan?
You have two options for repaying your loan:
- Direct debit or standing order. Simply complete the online form during your application and the money will be collected from your bank by monthly instalment on the agreed date.
- Continuous Payment Authority (CPA). Many short-term loan providers use this method of repayment since it allows them to withdraw money directly from your bank account at any time.
What is a CPA?
A CPA is a recurring payment in which you give a company permission to withdraw money from your account whenever it wishes and to take payments of different amounts without consulting you. Most short term lenders like Tick Tock Loans will use CPAs to collect your repayments. However, you can cancel this at any point by either contacting your provider or your bank.
What are the eligibility requirements?
You should only apply for a loan through Tick Tock Loans if you are certain you can meet the repayment terms. You must also meet the following criteria:
| Residency | UK resident |
|---|---|
| Minimum age | 18 |
| Additional eligibility notes | You must have a UK bank account. You must be legally capable of entering into a binding agreement. |
Did you know?
In 2015, the Financial Conduct Authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.They additionally capped all default charges at £15 and the total cost of loans (interest and fees) at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.
Looking for sites like tick tock loans?
These loan companies could offer a comparable alternative to Tick Tock Loans.
| Name | Established | Loan types | ||
|---|---|---|---|---|
 |
Tick Tock Loans Short Term Loan | 2014 | Instalment loans | More info |
|
Lending Stream Instalment Loan | 2008 | Instalment loans | Go to site |
|
Moneyboat Short Term Loan | 2011 | Instalment loans | Go to site |
|
QuidMarket Short Term Loan | 2011 | Instalment Loans | Go to site |
 |
Mr Lender Short Term Loan | 2009 | Instalment loans | More info |
 |
Conduit Short Term Loan | 2012 | Instalment loans | Check eligibility |
Early repayment options
| Repay early at any point | |
|---|---|
| Repaying early can reduce overall interest | |
| Phone number | 0203 743 8668 |
Frequently asked questions
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
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