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

Representative Example: Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Instant Loans – Quick and Easy Cash When You Need It Most

Short of money this month? In need of a quick cash influx to cover an unexpected expense? Omacl specialises in instant loans, for any purpose, for those who need funding urgently.

We’re an FCA approved, established UK business and have been operating in the short-term lending industry for over 10 years. We pride ourselves on our quick and efficient service. From application and approval through to the funds landing in your bank, our service remains unmatched. You can apply online immediately via our application form and have a loan acceptance decision in less than 5 minutes.

Many operators claim to offer instant loans, but few seldom do. Omacl is different.

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Representative Example: Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Our Instant Loan Application and Approval Process

We’ve made getting access to instant credit even easier with our simple application process, super quick lender matching service and instant on-screen decision. Below we’ll explain how our process works on why when it comes to instant loans, we’re an industry leader.

Fast, 2 Minute Application

Our online application process has been designed with speed in mind. We know our customers need cash, and they need it fast. So, we’ve designed our application form so you can complete it in around 2 minutes. And with only a further 2 minutes for an on-screen decision, we can truly say we offer an instant loan service. We want to get your money to you as quickly as possible, and we will do everything in our power to make that happen.

We ask only the most basic information of you to process your application. Personal details such as name, address, email, and phone number. Along with information about your income, expenditure, source of income and pay frequency. In addition, we will require UK bank details, so our lending partners are able to electronically transfer you the money. The process is simple and based entirely online. No paperwork, no phone calls, and no additional verification.

Instant Decision, Immediate Approval

Upon submission, your application will seamlessly get sent to multiple direct lenders. Our lender matching technology will automatically select the best lender to facilitate your loan request. This all happens behind the scenes and when you match with a lender, you will receive an instant on-screen decision. Assuming approval, you will then have the option of accepting the loan terms presented to you.

Omacl has a high acceptance and approval rate. We’re partnered with several direct lenders who are willing to accept applications from people with bad credit or even no credit rating at all. After approval, you will see the specific details of the loan on screen. This includes the amount you’re borrowing, the monthly repayment amount, and the interest charged. Next, you’re requested to accept the terms of the agreement. Upon acceptance, the funds transfer to your designated bank account. The lender will automatically use the bank details specified in your application. Funds are typically sent the same day unless you apply on a weekend or bank holiday.

Are they truly instant?

The phrase instant loans is somewhat broad. It can cover several different loan types and their intended purpose. Even the application process may differ depending on the product and provider of it. Below we’ll cover how our process works and run through some examples of what you might use our loans for.

Application, Approval and Fund Transfer Timing

Instant loans are never entirely instant. You need the time to apply, matched with a lender and approved etc. And even then, the fund transfer time is wholly dependent on the processing times on your personal bank. What we can offer however is an extremely fast service. You can complete our application form in 2 minutes or under should you have all your details to hand. And some applicants receive a decision in < 30 seconds.The monetary transfer time is at the discretion of the lender you’re matched with. When you apply for a loan on a working day, the funds are usually sent same day. And thanks to the Faster Payment System in the UK, funds typically arrive instantly. If you apply on a weekend or bank holiday, however, your funds may not be sent until the following business day.

Instant Loans – For Any Purpose

You can use the instant loans we offer at Omacl for any purpose. They’re not tied to an intended purchase or have an asset secured against them as you’d find with a car loan etc. They’re entirely unsecured and within reason, you can use them however you see fit. You’re asked why you need to borrow the money in the loan application process, but this is more for reporting purposes. It will have no bearing on approval. Here are some typical reasons for borrowing that our customers have provided us with over the years: –

  • Cash until payday.
  • Help with rent/mortgage payments.
  • Unexpected expenses (broken car, medical bills etc)
  • Servicing of debt (avoiding late fees, unauthorised overdrafts etc)
  • Utility bills, council tax, road tax.
  • Consolidation of existing debts.

These are just a handful of examples. There are undoubtedly many more. All we ask is that you borrow in a responsible manner. Do not borrow more than you need or more than you’re able to pay back. Our service offers a helping hand when it’s needed most. We do not to create debt related issues because of irresponsible borrowing.

Instant Loans and Credit Checks – How It Works

Even though the application and approval process is relatively instant, our lending partners will still perform a soft pull or soft search on all applications. It’s a necessary part of the process, even if not favoured by some. Below we’ll run through what sort of credit checks our lenders perform and why we consider them to be a good thing.

Loans With No Credit Check – Is It Possible?

Some assume that as the service is instant that credit checks aren’t performed. This however is not the case. And whilst there are some who seek out instant loans with no credit check, it is not possible for an FCA authorised lender to operate such a service. It goes against the core rules and regulations all licensed credit brokers and direct lenders agree to.

Firstly, there are various types of credit checks and searches. There is the soft search the lender is given a simple overview or snapshot of your finances. And then there is the hard search, which is a more in depth look at your financial history. Often spanning the previous 6 years. It will detail all your loans, credit cards, balances, and records of your missed/late payments. It will also show a record of prior credit applications.

The lenders we partner with will typically perform a soft search to determine approval. This type of search is akin to you personally performing a search via a credit reference agency (CRA). It does not leave a record on your report like the hard search does. But credit checks can be a good thing, we’ll explain why below.

Credit Checks are Important – Here’s Why

It is important to not look at a credit check as a negative. They’re conducted to protect you as well as the lender. Sure, there are cases where a credit check reveals a chequered financial history. And that may even lead to you being refused a loan. But it’s better than having a lender lend money to you that you’re unable to pay back. In the long run, that would create more issues than you perhaps currently face.

All the lenders we partner with at Omacl practice responsible lending as per the rules and regulations set out by the FCA. No lender wants to borrow you more money than you’re safely able to pay back. That is in not in the best interest of either party. So, credit checks and affordability checks become a necessity to determine risk. And that in doing so you’re not left short of funds to cover other financial outgoings.

Attempting to seek out no credit check instant loans is only going to lead you to an unauthorised lender. One may claim to offer such a service when they simply don’t. Nobody is going to lend you money without some form of credit check, even if they advertise that they can. So, stay safe. Trust only authorised, responsible lenders with your personal information and don’t fear being credit checked. It’s part and parcel of borrowing money.

Bad Credit? You Can Still Apply for an Instant Loan

Omacl specialises in helping those with bad or poor credit gain access to short term, instant financing. We realise not everyone has a perfect credit history. Missed payments are common, as are unauthorised overdrafts and maxed out credit cards. But we’re here to help. Below we’ll explain how our application process works for those with bad credit.

Application and Approval for Bad / Poor Credit Customers

The process for those applying for an instant loan with bad credit is identical to those applying with good credit. It is the same application form, processed via the same system. We even use the same lenders. We’re able to do this as all the direct lenders we partner with specialise in loans for bad credit and poor credit customers. They look beyond the aggregate credit score and form an opinion based on your own personal circumstances. Notably affordability, how much you have coming in versus going out.

All the lenders also strictly adhere to the FCA’s policy on fair treatment of customers. A lender isn’t going to treat you any differently as a bad credit customer. Likewise, they won’t use your information in any different way simply because of your below par credit score.

What Makes Bad Credit… and How to Improve It

There are numerous things than can lead to a bad credit score. Simply having never taken on credit before can significantly lower your score. Below are some common factors that can lower your credit score and limit your chances of approval.

Electoral Roll Presence: The electoral roll is the go-to for lenders wishing to confirm you are who you say you are. And that you live at the address you specify. Lack of entry in this register alone can dampen your credit score and be off-putting to new lenders.

Late/Missed Payments: Having a record of late or missed payments across various credit products is a big negative. A lender wants to see that you’re able and willing to make repayments on time. A history saying otherwise is not going to do you any favours.

Maxed Out/Close to Limits: A maxed out credit card or being dangerously close to an overdraft limit is also a red flag for potential lenders. And whilst not as damaging as late or missed payments, it still implies that you may become a risk in future.

IVA’s, DRO’s, DMP’s, Bankruptcy: Any form of debt management or relief order can have a negative impact on your credit score with bankruptcy obviously being the worst of all. A record of such will remain on your report for 6 years. So even if you’ve had a good credit history since, they may still be holding you back.

Improving Your Credit Score

But you can also improve your score dramatically by addressing the above amongst other things. Here is a quick list of things to consider if you want to improve your credit score: –

  • Reside at same location (or don’t move house so frequently).
  • Close any old accounts you’re no longer using or intend to use.
  • Take on some credit, even a small limit credit card or loan.
  • Make repayments on time, every time.
  • Don’t go too close to your limits. And never exceed them. Take on more credit if needed.
  • Regularly check your credit report via CRA’s like Experian or Equifax to check for inconsistencies. And address them.

Improving your score isn’t all that difficult. Address the negatives, work on the positives and in time you’ll have a score that will open doors to a wealth of additional financial products. Often with more favourable terms and interest rates than those with bad credit.

FAQs on Instant Lending

How much can I borrow via an Instant Loan?

Omacl offers loans for any purpose from £100 right through to £5,000. The application process takes around 2 minutes, and you will receive an instant decision presented on screen. If approved, you will get a loan offer documenting the terms of the agreement. Loans terms are from 1 – 36 months.

Will I receive the money instantly?

The direct lender actions the money transfer request at their own discretion. The transaction processing times of your designated bank account also factors. Our loan application and approval process takes less than 5 minutes and lenders typically transfer out funds on the same day you apply.

Will I get credit checked?

Omacl as a credit broker does not perform any kind of credit check. When you apply for an instant loan via Omacl, our lending partners will perform a soft pull in order to determine if you’re eligible for any of the loan products offered. This type of search does not leave a lasting mark on your credit record.

Omacl’s Eligibility Criteria

To process a loan application, we only require the most basic information. We pride ourselves on our quick and easy service. A long, drawn-out application and approval process is in none of our best interests. Below we’ll run through the typical information we require from our customers. As well as why we require it.

Information We Collect (and why)

  • Personal Details (name, address, phone number).
  • Income and Expenditure (so our lenders can perform an eligibility check).
  • Income Source (so our lenders can verify it’s from an allowed source e.g., employment, self-employment or benefits).
  • UK Bank Account Details (for setup of payment plans and to transfer the instant loan funds).

You must also 18 years old or over to use our instant loan service. If you have the details above to hand, approval for an instant loan is possible in as little as 5 minutes.

Why Customers Love Us

Our customers keep coming back and have nothing but good things to say about us because of one simple reason. Our service is as advertised. We facilitate instant, short term loans for any purpose. And we endeavour to offer this service in a safe, hassle-free and responsible manner. Below are some of the reasons our customers love Omacl and why we attract thousands of new customers on a day-to-day basis.

  • FCA Approved/Regulated
  • Responsible Lending
  • Fair Treatment of Customers
  • Instant, Cash Loans for Any Purpose
  • 10 Years in Business
  • No Guarantors
  • Same Day Cash
  • High Approval and Acceptance
  • No hidden fees, charges, paperwork, or phone calls.

…and more. See for yourself what Omacl can do for you and head over to our application form to apply.

How Does Omacl Compare?

Omacl Loans
Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
Good
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
No
Easy repayments

No Fees, Hidden Charges or Early Repayment Penalties

As a loan broker, it’s often assumed that we charge for our service up front or bolt on hidden charges to loan repayments etc. That is simply not the case. And even those specifically looking for a service with no brokers are happy to use us once they learn how our process works. We’ll explain more below: –

You’re a broker but don’t charge fees?

In short, no we don’t. There are no fees on our part at any stage of the application process. No up-front processing costs, no payments requested after approval or amounts added to your repayable balance. Upon successful application, you’ll see on screen a detailed breakdown of the funds you’re requesting to borrow and the term you want to borrow it over. You will also see how much interest becomes charged in total and how much you’ll need to pay month to month. There are no fees, hidden or otherwise associated with any of our service.

Early Repayments

Likewise, there are no early repayment charges or penalties associated with any of the loan products Omacl offers. If you wish to repay your balance early, simply request to do so via the direct lender who has facilitated your loan and they will present you with a final balance figure. This will essentially be the amount due in terms of your balance plus interest accrued up until the time of repaying the debt.

Financial Management Help and Advice – Free Resources

Whatever your financial situation or circumstances, it’s important to practice good financial management. From basic budgeting guidance right through to complex debt management solutions. It pays to have the right information, guidance, and help. Below we’ve covered a handful of popular free to use resources here in the UK that span a wealth of topics.

General Money Management and Budgeting

If you want help managing your money month to month or seek general advice on lending/debt etc then a good go-to guide is MoneyHelper. It is government run and covers every financial topic imaginable. It is entirely free to use and is updated frequently. You can find general, day to day advice on financial planning as well as up to date information on current affairs such as COVID-19, the national energy crisis and cost of living.

Debt Help and Advice

If you’re struggling with debt and are unable to make payments. First and foremost, it’s important that you talk to your lender. Secondly, you should seek out impartial advice. National Debtline is a UK debt charity setup to help those struggling with all aspects of debt. From basic guidance on how to better manage your affairs right through to actioning debt management plans, debt relief orders, individual voluntary arrangements and even bankruptcy. You can also speak to them directly via their web chat service if you’re reluctant to pick up the phone.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.