Emergency Loans
Looking for an emergency loan? Lending Stream may be able to help. We're a direct lender, offering emergency loans of up to £1,500. We consider people with bad credit and if you're approved, we'll send the cash to your bank in 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream for emergency loans?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
Lending Stream is FCA Authorised
At Lending Stream, we've been proudly helping customers in the UK since 2008. In fact, we’ve helped over 1 million brits with their financial needs by lending over 4 million loans. We’re an FCA authorised and regulated direct lender, with authorisation number 689378. Responsible lending is our biggest priority, and we want to make sure our customers` experience is great.
We believe in ensuring that you are fully informed about the costs, fees, and repayment terms of our loans. To achieve this, we have taken great care to present all charges, including interest rates and fees, upfront. No hidden costs or unwelcome surprises - everything is clear and easy to understand.
How Lending Stream's emergency loans can help you?
Lending Stream offers emergency loans to help individuals in urgent financial situations. These loans can provide quick access to funds when unexpected expenses arise, such as car repairs, medical bills, or home repairs.
With a simple online application process, we send the cash to your bank within 90 seconds (if approved).
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What is an emergency loan?
An emergency loan is a financial tool that individuals or businesses can use to address unexpected financial needs. It's a type of short term borrowing where a lender provides a specific amount of money to the borrower and sends it to their bank account, typically on a fast-tracked basis.
These loans are usually meant to cover urgent expenses such as medical bills, car repairs, or unexpected home repairs. Lenders can consider you for a cash loan when you're faced with an immediate financial crisis and don't have enough savings to cover the costs.
How do emergency loans work in the UK?
Emergency loans work similar to other short term loans. These are usually needed by individuals who are in need of money urgently. Here's how they work:
- Apply online with reputed and FCA authorised emergency loans direct lenders. They will ask you to provide your personal and financial details, proof of income, address proof, etc.
- Once submitted, the lender will review your application, run a credit and affordability check to assess your eligibility. If approved, they’ll disburse the loan within the same day, depending on the lender.
- Repay your loan as per your loan agreement to avoid penalties or a negative impact to your credit score.
At Lending Stream, we know that life can be unpredictable. This is why we consider lending loans for bad credit too. We consider factors like affordability, credit score, age, nationality, income, and employment status to check your eligibility.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What can I use an emergency loan for?
An emergency loan should only be used to meet urgent financial needs or unexpected expenses. You can consider using this emergency money for:
- Urgent utility bills
- Unplanned vehicle repairs
- Unexpected home repairs, like a boiler repair
- Unanticipated travel costs, such as family emergencies
- Managing the costs of a funeral or memorial service
- Covering unexpected legal expenses or court fees
- Coping with any unforeseen emergency that requires immediate funding
Technically there are no restrictions on what you use your emergency loan for. But it's important to note that they're really solely intended for short-term financial crisis.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How much can I borrow with emergency cash loans?
The exact amount you could borrow will depend on the lender and your circumstances. Generally, emergency loans like payday loans and same day loans, are structured to provide quick access to funds compared to other types of loans.
At Lending Stream, we know that emergencies can happen when you least expect them. If your application is approved, we'll send the money to your bank within 90 seconds. You can apply for an emergency loan of £50 to £1,500 (£800 for new customers).
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Am I eligible for emergency loans online with Lending Stream?
If you want to get an emergency loan with Lending Stream, you must meet the following eligibility criteria to apply:
- Be at least 18 years old to apply for a loan
- Be a UK resident with a valid address
- Have an active UK bank account and a valid debit card
- Be in regular employment with a monthly income of at least £400
During the application journey, we will ask you a few details about your income to make sure that you can make the monthly repayments on time.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for an emergency cash loan with Lending Stream?
Applying for an emergency loan with Lending Stream is easy and can be done online, through our official website or through the apply now button given below.
When you fill out the application form, we'll ask you:
- To choose the amount you want to borrow
- Fill in all your personal details
- Provide us with your employment, salary, expenses, and banking details
Once we receive your application, we will carry out an affordability and credit check. If your application is approved, we will transfer the funds to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Can I get an emergency payday loan?
If you are facing a financial emergency and need quick access to funds, an emergency payday loan might help you. Individuals with less-than-perfect credit scores might even be considered for these loans. By applying for an emergency payday loan, you can potentially receive the funds you need swiftly (if approved for the loan) to address unexpected expenses or financial challenges.
There are many emergency loan providers in the UK who may offer these types of loans to help people facing urgent financial situations. They even consider people with poor credit history.
Are there any legit emergency loans bad credit direct lenders in the UK?
Yes, there are legitimate direct lenders in the UK who offer emergency loans for individuals with bad credit. And Lending Stream is one of them. We consider individuals with less-than-favourable credit history for a loan. We assess a range of factors beyond just your credit file when reviewing your loan application.
What if my emergency loan application is rejected?
At Lending Stream, we don’t guarantee any loan approval. If your application is rejected based on the information, we receive from one of the credit reference agencies then we'll let you know the name of the credit reference agency by email. You can check your credit file with them directly.
Advantages of emergency loans
- Quick access to funds: Emergency loans provide rapid access to much-needed funds, helping you address urgent financial needs promptly
- Flexible usage: You can use the loan for various purposes, such as medical bills, unexpected repairs, or other pressing expenses
- No collateral required: Many emergency loans are unsecured, meaning you don't need to provide collateral like a house or car to secure the loan
- Predictable repayment: You'll have a clear repayment schedule, making it easier to plan and manage your finances
- Convenience: Many online lenders provide 24/7 access, allowing you to apply for a loan whenever you need it
- Temporary relief: Emergency loans offer a temporary financial solution during an unexpected crisis, helping to ease immediate stress
Disadvantages of emergency loans
- High interest rates: Emergency loans often come with higher interest rates compared to traditional loans, which can lead to significant overall costs
- Short repayment period: The shorter repayment period of emergency loans can result in higher monthly payments, potentially straining your budget
- Potential for debt cycle: Depending on your financial situation, relying on emergency loans could lead to a cycle of borrowing to cover ongoing expenses
- Impact on credit score: If you're unable to make timely payments, your credit score could be negatively affected
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page. If you prefer you can give us a call on 0203 808 4440#. We’re open from 9 am to 6 pm Monday to Friday, and 9 am to 1 pm Saturdays.
FAQs - Emergency loans
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What are DWP emergency loans?
DWP emergency loans refer to financial assistance provided by the Department for Work and Pensions (DWP) to individuals facing urgent and unforeseen financial hardships. These loans are designed to help people who are already receiving certain benefits such as universal credit payments and are in immediate need of financial support due to unexpected circumstances.
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Can I get emergency loans without a credit check?
All regulated lenders do a credit check, as they have to be sure if you can comfortably afford repayments on the loan. Be very wary of any lender offering a loan without a credit check.
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Can I get an emergency loan if I am unemployed?
Yes, it's possible to get an emergency loan even if you're unemployed, but it might be more challenging. Lenders consider your ability to repay the loan, which typically involves having a stable source of income.
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Can I get emergency loans today?
Yes, it is possible to get an emergency loan today, although there isn't any guarantee. It depends on various factors, including the lender's policies, your eligibility, and the speed of the application process. Some online regulated lenders offer same-day or quick approval for emergency funds, allowing you to access funds within a short timeframe.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk