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).

Applying For a Payday Loan with Omacl Loans

Looking for fast cash? Has an emergency expense cropped up? Do you need urgent funding? If the answer to any of these questions is YES then a payday loan could be the solution for you. Omacl Loans operating via Omacl.co.uk is a UK based, FCA licensed short term loan broker. Specialising in highly flexible lending options that put the consumer in complete control. Omacl operates a fair, transparent, and highly responsible lending service adhering to all legal frameworks set out by the Financial Conduct Authority.

We believe our service is second to none. And our extensive customer base tends to agree. We boast one of the highest acceptance and approval ratings across the entire payday loan sector. And our user-friendly online application process is both safe, secure, and fast. This, coupled with our instant processing and decision system alongside our extensive direct payday lender network, truly sets us apart from our competitors. When it comes to the facilitation of payday loans, there really is nobody better than Omacl Loans.

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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).

Eligibility Criteria

Keeping things simple across all aspects of our service is one of our primary mission objectives. And eligibility is no different. To be eligible to apply for a payday loan via Omacl, you simply need to meet all the requirements outlined below. We only request the most basic personal details. Plus a brief overview of your current financial situation. The request for banking information is solely for fund transfer in the event of approval. We do not use account details for the credit checking process.

If you would like to apply, you must: –

  • Be at least 18 years old.
  • Legally reside in the United Kingdom.
  • Maintain a UK bank account (current account ideally).
  • Have a regular income. This can be from employment, self-employment, benefits (*some types) and pensions.
  • Have a UK residential address and phone number.

We have no minimum credit score or rating requirements to process payday loan applications. Our lending partners deem affordability to be the primary consideration during the approval process. So regardless of your credit history, you’re still eligible to apply.

Our Application Process

Applying for a payday loan via Omacl.co.uk could not be easier. And you can complete the entire process in under 2 minutes. Assuming you have all your personal details on hand. To begin, simply visit our online application form found here or click on the apply button above. You will find the form extremely straightforward as it only requests some basic details. Information such as your full name, address, and phone number. Plus some details of your income and expenditure. When complete, just hit submit and let us do the rest.

Lender Matching & Brokerage

Upon submission of the above form, our system will automatically send your loan application to multiple direct payday lenders. These are lenders that have previously indicated that they are interested in lending money to applicants who match your criteria. This process is entirely seamless and takes between 1 and 2 minutes to fully complete. After which, if there are responses from multiple interested parties, our system will choose the best match. You do not need to do anything at this stage.

Instant Decision & Approval

Once the above process has been completed, your approval status is shown on screen along with a breakdown of the loan terms on offer. Most of the time, the terms presented will match those which you originally requested. Along with the total amount payable including any interest for the term of the loan. It will also inform you of your monthly payment obligations.

This could perhaps be an amount less than you requested or the full amount but over a shorter (or longer) term. At this point, you have the choice of whether to move forward and agree to the loan or cancel the application with no obligation.

Same Day Fund Transfer

Should you choose to accept the payday loan offer presented, the lender you have been matched with will initiate the loan transfer process. This is a manual process and is performed at the lender’s discretion. Typically, loans applied for within regular working hours are transferred the same day. If you apply during the evening, over a weekend or even a public holiday then your fund transfer may be initiated on the next business day.

Please also allow consideration for the processing time of incoming transactions at your local bank. Some banks that are subscribed to the UK’s faster payment system are eligible to receive transfers within 2 hours. Some however only process transactions at fixed intervals throughout the day. So if you need money urgently, it’s worth bearing this in mind. The money will be transferred to the bank account that you specified in the application process.

Key Takeaways

  • Our application form can be completed in 2 minutes.
  • Your application is seamlessly sent to over 30 different lenders and processed in minutes.
  • An instant on-screen decision is presented to you around 1 minute after submission.
  • The loan funds are transferred to your bank account on the same day you apply.

Poor Credit? All Credit Scores Are Considered

It is no secret that payday loans are favoured by those with a somewhat chequered credit history. For those individuals, getting access to short term credit can seem like a virtually impossible task. But fortunately, that is not the case should you utilise a service such as ours. In fact, Omacl in conjunction with its vast array of lending partners – many of which specialise in helping those with bad credit – can offer payday loans at an above-average acceptance rate. Regardless of your current credit rating or history. For our direct lenders, affordability is much more important.

Applying With Bad Credit

The application and approval process should you apply for a payday loan with bad credit is identical to the one afforded to those with good credit. It’s the same form, with the same questions and the same access to the lenders in our system. We don’t discriminate, we treat everyone equally. And providing you have enough income (minus expenditure) to service your loan safely and responsibly, there is a high chance we have at least one lender in our network who can assist you.

No Credit Rating? No Problem!

Again affordability is our key requirement. We fully understand that some people simply don’t have a credit rating. As they have not yet had the chance to build one up. Credit scores are not just given, they’re built, over time by taking on and servicing debt. And you need to get started somewhere. We appreciate that and are more than happy to accept your application. Even if you have no credit score whatsoever.

Student? We Have You Covered

Students often fall into the category of the above. They have not had the opportunity to take on credit in any form personally (outside of student loans etc). But that does not mean they should be any more or less eligible for a loan. Assuming the funds are there to cover the repayments month to month. You can declare your student status via our online application form. This will then be taken into consideration by lending partners.

Who Are Omacl? Get to Know Us

Now you know about all our instant loans service, here is a bit about us “Omacl Loans” as a company. If our stellar service outline and offerings were not enough to determine our credibility, we’re sure the information below will. We’re fully licensed and regulated by all the official bodies as a short term loan broker. We also treat security, privacy, and data protection with paramount importance.

UK Registered Company

Omacl Loans or Omacl.co.uk is a trading name of Chojin Ltd. This is the parent company that we operate our payday loan brokerage service under. Chojin Ltd is registered with Companies House in England and Wales under company number 07339611. Our registered office is located at 241 Highland Drive, Loughborough, Leicestershire, LE11 2QF, United Kingdom.

Licensed by the Financial Conduct Authority (FCA)

Omacl Loans via our parent company Chojin Ltd is fully licensed, authorised and regulated by the UK’s governing body for financial service firms and markets, the FCA. Or the Financial Conduct Authority as it is known in its full form. We are licensed to perform credit brokerage services under reference number 732880 and strictly adhere to all the various policy frameworks and regulations defined by the body. Including those regarding the fair treatment of customers, responsible lending, and transparent service offerings.

Licensed by the Information Commissioners Office (ICO)

We are also fully licensed by the Information Commissioners Office (ICO). This is the UK’s independent public body set up to uphold information rights in the public interest. We are registered under registration number ZA214952.

Authorised Payday Loan Broker Partnered With 30+ Direct Lenders

Omacl would not be the reputable payday loan provider it has become without the partnerships we have in place. As of today, we are partnered with over 30 direct payday lenders. All are fully regulated, and UK based. And each shares our ethos with regard to responsible lending and fair treatment of customers. Our lending network consists of specialised lenders to allow us to accept applications from all. Even those with bad or no credit history.

Established Over 10 Years

We have been operating in the payday loan sector for well over 10 years. And during this time we have grown and adapted our offerings throughout all the recently imposed regulatory changes. We believe in fair, responsible lending performed in a safe manner. This protects both the customer and the lender equally. Our payday loans are well known throughout the United Kingdom. They are also favoured by many thanks to our speedy processing times, facilitation of fast cash and exemplary customer service.

Key Takeaways

  • UK registered, limited company registered in England and Wales.
  • Fully licensed and regulated by the Financial Conduct Authority (FCA).
  • Fully licensed and regulated by the Information Commissioners Office (ICO).
  • Authorised credit broker partnered with over 30 direct payday lenders.
  • Established payday loan provider for over 10 years.

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

Here’s Why You Should Choose Omacl for Your Payday Loan

So now you know about who we are and the service we can offer you. We can obviously facilitate your need for a payday loan, but why should you choose Omacl over other services? We’ll attempt to answer that now!

Flexible Amounts & Terms

We believe flexibility is key with any loan product. Particularly payday loans which by nature are small loans taken over small periods to cover a specific shortfall. Our scalable offerings from £100 to £5,000 which can be taken anywhere from 1 month to 36 months affords this flexibility. So if you need £500 to take you out of your unauthorised overdraft or £5,000 to replace your car, we have you covered.

FCA Approved

As an FCA approved credit broker, we must adhere to strict guidelines regarding our website, service offering and treatment of customers. And we’re happy to do so. Our interests and view of the market align with that of the FCA entirely. This allows us to provide a payday loan service to those who need it most. And do so in a highly responsible manner.

High Acceptance & Approval Ratio – 97%

Thanks in part to our extensive network of direct lenders, we’re able to boast a relatively high acceptance of approval ratio of applications. Our core eligibility criteria coupled with our affordability-first approach to determining risk allow us to match most of our applicants to a lender who can offer them a payday loan. In may not always be for the amount requested but a non-obligatory offer will be made.

100% Online Service – No Phone Calls / Paperwork / Verification Checks

Our customers frequently identify the fact that we’re a 100% web based operation as something they appreciate the most. Sure, the fast cash plays a part, but the hassle free experience is also important. With Omacl, there is no additional paperwork to complete. Just one single, easy to fill in form. Nor are there any uncomfortable phone calls to run through your application prior to submission. There are also no additional verification checks carried out on our applicants. Everyone is based on the original application. This makes the whole process easy for all parties.

Fast Service – Instant Decision & Loans Same Day

In the short term lending sector, speed is important. Those who seek payday loans often need money fast. We understand this and have endeavoured to make our entire service as quick as possible. Our sub 2 minute application form combined with our instant decision processing system allows you to get approval within mere minutes. This along with same day loan transfer service our partners seek to offer makes us one of the quickest payday loan services online.

Bad Credit Accepted

As outlined above, we accept payday loan applications from all who meet the basic eligibility criteria. Regardless of credit rating or score. Affordability is paramount, so even if you have a very bad credit history including CCJs or even bankruptcy, you can still apply. We have a vast pool of lenders who specialise in facilitating loans for those who have been refused elsewhere. You are under no obligation to accept any loan offer presented to you and our application process only yields a soft search of your credit profile.

Key Takeaways

  • Flexible amounts and terms. Borrow from £100 to £5,000.
  • Fully licensed by the FCA.
  • Industry high acceptance and approval ratio – 97%.
  • 100% web based operation. No additional checks, phone calls, paperwork, or hidden fees.
  • Quick service. Instant decision. Same day transfer.
  • Poor or bad credit accepted.

payday loans

Payday Loan and Short Term Lending Alternatives

Short term loan solutions come in many guises. Payday Loans are by far the most common given the term perfectly describes the intended usage for the vast majority of loans taken. But there are other, alternative solutions out there which differ slightly in how they’re processed, the amounts borrowed, intended usage or the repayment terms. We’ll run through a few below.

Quick Loans

Quick loans as a financial product can refer to loans that are either quick to apply for. Or perhaps loans which are transferred quickly or a combination of the two. Our payday loan offering is considered a quick loan in these respects. But also in the more traditional sense as our loans can be taken over similar terms as regular personal loans (up to 3 years). Any service that boasts a 24 hour turnaround from application to transfer is considered a quick loan.

Cash Loans

Cash loans have an extremely broad scope and are not confined to a specific loan value or term. Nor are they processed within a given time window like the quick loan above. They are simply any loan which is deemed cash for any purpose. Like a payday loan in that sense, it simply means that the cash is yours to do as you please with. This means that it is not intended (or required) to be spent in a particular way or on a particular item. No proof of purchase (intended or otherwise) will be required. Payday loans are also considered cash loans because of this.

Direct Lender Loans

As the name suggests these are loans taken out directly with a lender. Omacl as a credit broker does not offer this service. But we can assure you that the rates in terms of interest are identical if applying with Omacl compared to the direct lender our system matches you with. Nor are there any hidden fees, charges or commissions to be paid from the customer’s side. The products are like for like. Only by utilising the services of a broker, your application is given significantly more exposure.

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.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.