Same day loans for urgent situations

Free quote with a soft credit check and no fees

Free quote with a soft credit check and no fees.

Small loans can be deposited the same day

Small loans can be deposited the same day.

FCA authorised and regulated

FCA authorised & regulated

Instant Decision
Same Day Loans

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Representative APR 91%.
Representative Example: Borrow £500 for 6 months. Interest: £160.27 - Interest rate: 65% per annum (fixed). Representative APR: 91% - Total amount payable: £660.27. Rates between 9.3% APR and maximum 1721% APR - your no-obligation quote and APR will be based on your personal circumstances.

Warning: Late repayment can cause you serious money problems. For help, go to https://www.moneyhelper.org.uk
Please note: Swift Money® are not a lender and offer a credit matching service.

Swift Money same day loans



When you need money urgently, speed often matters more than anything else. Same day loans are designed for situations where funds are required quickly, but it’s important to understand that “same day” is a possibility — not a promise.

Some loans can be paid into your bank account on the same day you apply, while others may take longer. Knowing what affects this timing can help you decide whether a same day loan is the right option for your situation.

Swift Money is a UK-based credit broker, not a lender. We help you check your eligibility for short-term borrowing options using a soft search, with no impact on your credit score. We do not charge borrowers a fee for using our service.




When you might consider a same day loan



Same day loans are typically used to cover unexpected, short-term expenses where waiting isn’t an option, such as:

  • Urgent household or car repairs
  • Unexpected bills or fees
  • Temporary cash shortfalls before payday

They are not designed for ongoing financial problems or long-term borrowing. If you find yourself needing money urgently on a regular basis, it may be worth exploring alternative support.



What determines whether the funds are sent the same day?



Whether funds arrive on the same day depends on several practical factors, not just the loan itself.

Timing - Applications made earlier in the day are more likely to be processed in time for same day payment. Late applications may be approved but funded the following working day.

Checks and verification - Lenders are required to carry out affordability and identity checks. If additional information is needed, this can delay a decision.

Your bank - Most same day payments are made via Faster Payments, but processing times can vary between banks.

Due to these factors, same day funding should never be relied upon, as it is not guaranteed.



How the process works with Swift Money



Rather than applying directly to just one lender, Swift Money helps match your details with many lenders who may be able to consider your application to achieve a greater level of success.

Here’s how it typically works:


  • You complete an online eligibility check using a soft search
  • We share your details with lenders on our panel
  • If a lender is interested, they may carry out further checks
  • If approved and you accept the offer, funds may be sent to your bank

Swift Money does not make lending decisions and cannot influence whether funds are paid the same day.



Who might be eligible



Lenders consider affordability first and foremost. This usually involves looking at:

  • Your regular income
  • Essential living costs and existing commitments
  • Whether repayments can be made on time

Your credit history may be considered as part of this assessment, but having poor or limited credit does not automatically mean you will be declined.

If a lender decides a loan would not be affordable, they may decline the application to protect you from financial difficulty.



The costs and protections you should know about



Same day loans fall under high-cost short-term credit and are regulated by the Financial Conduct Authority (FCA).

This means lenders must follow strict rules, including:

  • Interest capped at 0.8% per day
  • Default fees capped at £15
  • A total repayment cap of 100% of the amount borrowed

These protections are designed to limit costs, even if repayments are missed.



The risks of borrowing quickly



Needing money urgently can make it harder to fully consider the impact of borrowing.

Potential risks include:



  • Committing to repayments that you later struggle to meet
  • Fees or credit file impact if payments are missed
  • Relying on short-term borrowing too often

Taking a moment to assess affordability, even in an urgent situations is very important.



Other options that may help sooner



In some cases, alternatives to borrowing may be quicker or more suitable, such as:

  • An authorised overdraft
  • A payment extension with a bill provider
  • Help from an employer or local authority
  • Support from family or friends
  • Free advice from money or debt support services

Exploring alternatives may help you avoid unnecessary borrowing.



Deciding whether to proceed



Before applying, please consider the following:


  • Do I need the money today, or can it wait?
  • Can I comfortably repay this loan on time?
  • Have I looked at other options?

Using an eligibility check can help you understand what may be available, but it’s important to only proceed if the loan is affordable and appropriate for your personal circumstances.



Check your eligibility



If you choose to explore same day loan options, you can check your eligibility with Swift Money using a soft search that won’t affect your credit score.

Checking your eligibility does not guarantee approval or same day funding, but it can help you make a more informed decision.




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FCA register



Swift Money Limited are authorized and regulated by the Financial Conduct Authority (FCA).
Authorization can be verified on the FCA register at: https://register.fca.org.uk/ - FCA Firm reference Number: 738569



Free financial Advice



If you are struggling with your finances and would like to speak to someone, you can contact any of the companies below, completely free of any charges:

MoneyHelper.org.uk
Nationaldebtline.org - tel: (0800 138 1111). Free, confidential debt advice service run by the Money Advice Trust.
Stepchange.org