Same Day Loans for Bad Credit

£100 - £5,000 paid out by 04:55am

How much would you like?

£

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).

Same Day Loans – £100 – £5000 – Borrow Today, Even with Bad Credit

If you’re in need of same day cash and want to borrow it in a quick, easy, and efficient manner, look no further. Omacl specialises in facilitating short term, same day loans for amounts up to £5,000. So if an unexpected expense has popped up or you simply need cash in emergency. We’re here to help.

Omacl Loans is UK based, FCA approved and puts the fair treatment of our customers at the forefront of our agenda. We’re also partnered with some of the UK’s most reputable direct lenders who support our ethos and only practice responsible lending. Good credit or bad credit, same day funds are well within your reach, and we look forward to welcoming you as a customer of Omacl.

How much would you like?

£
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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).

Do I Qualify? Our Eligibility Requirements & More

To qualify for a same day loan, you only need to meet our basic eligibility requirements. We aim to cater for all, regardless of credit rating or status. Here are our basic eligibility requirements. You must meet all of these if you wish to take out a same day loan via Omacl.

Omacl’s Eligibility Requirements

  • Aged 18 years old or over.
  • Maintain a UK bank account.
  • Have a regular source of income (from employment, self-employment, or benefits).
  • Have an address in the UK.
  • Be able to provide a phone number and email address.

Why Same Day Loans Are the Correct Choice

Those seeking same day loans are often in a jam and require cash in an emergency. We understand this. We also understand that not everyone boasts a perfect credit rating and those with bad credit also need access to fast cash. This is what Omacl specialises in, and we’ve built our business around our quick and efficient service for bad credit customers.

Whatever type of credit you require be it same day loans, payday loans or short term loans online, we have you covered. And if want the funds immediately, a same day loan is the obvious choice. We also offer highly flexible repayment terms as well as a fair, transparent, and competitive lending solution.

Fast, Same Day Payments

We endeavour to operate our same day loan service as efficiently as possible. Loan applications processed on regular working days, and during business hours are often fulfilled same day with customers often receiving the funds directly to their bank account within the hour. Some even within 30 minutes. Loan applications received outside this time however may be processed next day.

Weekend Applications

Omacl operates 7 days a week, 365 days a year. So you’re more than welcome to apply for a same day loan over the weekend. However, the transfer and receipt of funds will remain at the discretion of the lender you’re matched with and the processing times of your bank. Some of the direct lenders we work with do initiate transactions over the weekend, some on the following working day.

Got Bad Credit? No Credit Rating? Everyone is Welcome to Apply

Omacl accepts applications for all who meet the above basic eligibility criteria. Regardless of credit score. We do not believe that individuals should be denied access to credit when they need it most, simply because of an arbitrary credit score. We accept applications from those with bad credit, good credit, and everything in between. Even if you have no credit rating whatsoever, you’ll still be considered.

Applying for a Same Day Loan with Bad Credit

If you wish to apply for a same day loan but suffer from bad credit, the process is the same. We don’t discriminate or treat bad credit customers any differently to those with a good credit rating. Everyone is afforded the same opportunity. You will have access to the same pool of lenders and be offered the same interest rates. There will also be no additional questions regarding your credit history or proof of income requested.

If you have particularly bad credit, the loan amount and terms offered to you may slightly differ from that which you requested. This is at the lender’s discretion, and you are under no obligation to proceed with the newly offered terms.

Some common causes for bad credit are: –

  • Historic late or missed payments.
  • High debt to credit utilisation ratio.
  • Excessive loan applications / credit searches.
  • Existing debt solutions in place.
  • Lack of presence on the Electoral Register / Roll.

No Credit Rating? Student?

If you do not have a credit rating or score yet due to having never taken on credit (and successfully serviced it) previously, you can still apply for a same day loan. In such a case, our lenders will use your current income and expenditure primarily for consideration. The same applies for students.

No Credit Check Loans

Some specifically seek out no credit check same day loans as they’re worried about approval due to a low credit score. Or simply want to avoid another loan application record appearing on their credit report. And whilst this is somewhat understandable, it is unfortunately impossible. All FCA regulated lenders in the UK must perform a credit check on their applicants. In our case, a soft search is performed during the application process to determine eligibility. This search does not leave a lasting mark on your report.

It is also worth noting that a credit check protects the applicant as well as the lender. All the lenders we work with practice responsible lending and do not want to borrow you more than you’re able to pay back. This is how debt related issues arise. Our lenders also consider affordability a major factor versus regular credit scoring. So you even if you wanted a loan without a credit check, having one performed might not necessarily be a bad thing.

No Guarantors

None of the loan products offered on Omacl.co.uk require a guarantor. We are strictly a loan with no guarantor service. If your application is rejected, you will not be afforded the chance to suggest a guarantor and have your application reprocessed. So please keep this in mind before proceeding with the loan application.

Guaranteed Same Day Loans

Same day loans cannot be guaranteed primarily because it’s at the lenders discretion as to when they release the funds. And the internal processing system of your own bank plays a part too. Some banks process incoming transactions more frequently than others and have varying cut off and execution times.

Most customers receive their loan on the same day it was applied for. However, if you’re applying outside of normal working hours, over the weekend or on a bank holiday, your application may be delayed.

If you’re looking for a guaranteed same day loan, submitting your application early in the day on a regular working day would afford you the best chance of receiving the funds same day.

same day loan bad credit

What Can I Use a Same Day Loan For?

All the loans offered via Omacl.co.uk are considered cash loans, for any purpose. This means that you’re able to use the funds for whatever you wish. You will notice that we do request the reason for needing a loan during the application process, but the loan itself is not contractually tide to such.

Below are some of the more commonly intended uses our customers have provided us with during the same day loans application process.

Common Uses for Same Day Loans

  • Assistance with rent or mortgage payments.
  • Help with bills such as utilities, phone, or tax.
  • Consolidation of existing debts and avoidance of additional charges.
  • Making ends meet until payday.
  • Food, transport, day to day living.

Unemployed? Receiving Benefits? You Can Still Get a Loan Today

If you’re unemployed, you’re going to find getting a same day loan somewhat tricky. There is no getting around this. But that doesn’t mean to say it’s impossible. Our lending partners often accept loan applications from people in unemployment as well those currently receiving benefits. If you have some form of income, you will be considered.

Loans for the Unemployed

If you’re unemployed but still have an income source of income such as redundancy payments, benefits, or a pension, you can still apply. The lenders we work with often base eligibility on an affordability check in addition to traditional credit checking and scoring. This involves a basic calculation of your current income less expenditure month to month to determine if you’re able to safely make the necessary repayments.

Loans for People on Benefits

If you’re currently receiving benefits, you are also welcomed to apply for a same day loan via Omacl. It all depends on the type of benefit you receive. Some are classed as income, some are not. For example, universal credit or child benefit would be considered income whereas housing benefit or job seekers allowance would not. You can refer to our loans for people on benefits page for further guidance on this matter.

Customers Love Omacl – Here’s Why!

Omacl is considered one of the market leaders in the same day lending sector. And the reason for this is our service. Our customers appreciate the fact that we do what we say we will do. And we do so in a timely fashion. We also let our customers know what is happening at every step of the process whilst making the application process entirely straightforward and transparent.

We pride ourselves on offering quick and easy, same day loans to our customers in their time of need. So if you need money urgently or cash in an emergency, Omacl is here for you. Whatever your situation, whatever you need the money for. We can assist.

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

Why Choose Omacl Same Day Loans

Using Omacl for your same day lending needs has numerous benefits and advantages over other direct lenders and brokers. Here’s just a few: –

  • Borrow up to £5,000.
  • Flexible repayments from 1 – 36 months.
  • FCA licensed and regulated.
  • UK based, established business.
  • No fees, guarantors, paperwork, or phone calls.
  • Loans for any purpose.
  • Fast cash transfer using the Faster Payment System (FPS).
  • Low, poor, or even bad credit scores considered.

No Hidden Fees or Charges

Some incorrectly assume that as a loan broker, we’ll bolt on numerous fees and charges. This simply isn’t true. Any brokerage commissions we may generate because of your application would always be paid by the lender. There are no fees to pay at any point of the application process and the interest rate charged is identical to what you would be charge if you applied with the lender you’re matched with directly.

No Phone Calls or Paperwork

As an online facilitator of short term loans and lending, we have no need or desire for paperwork or phone calls. Our entire operation is web based; an approach is favoured by our customers. We do not require any documented proof of income and expenditure. Nor do we require a discussion on the reasons behind your loan application. We just want to get you the money you need as quickly as possible. And to do so in safe, secure, and responsible way.

same day loan bad credit

FAQ’s

Do I need to have a credit check to get a same day loan?

Omacl does not carry out any credit checks. If we can match you with a lender they may carry out their own checks but will provide full details before doing so. Lenders will carry out affordability checks; this is a legal requirement.

How quickly can I get my loan?

We usually have loans paid into the applicant’s bank account within 30-60 minutes of approval. If you have any questions about your loan, we would be happy to help you.

How can I apply for a loan today?

All you need to do to get started is fill in the application form here. We will give you an instant decision and money can be paid out to you immediately.

Free Debt Help and Management Resources

If you are suffering from a debt related issue, it’s imperative you get the correct advice. And if necessary, reach out to someone who can help directly. All the organisations listed below are contactable via telephone or email. You may also find the option for an anonymous webchat.

Below you will find a collection of UK based debt information sites and registered charities. All offer free guidance across a range of debt related subjects. In addition, some also help with the implementation of tailored debt solutions such as IVA’s, DMP’s, DRO’s and even bankruptcy.

If you’re unable to find the information you require, please get in touch.

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.