Frequently asked questions

Here are some popular questions concerning Same Day Cash Loans

How much can I borrow?

The exact amount you can borrow depends on your personal circumstances and can differ by lender but loans available via the website are from £100-£5,000

What can I use the loan for?

There are not generally any restrictions on what you can use a short term loan for, however same day cash loans are designed as a short term loan to solve immediate situations and emergencies.

How do I apply for a same day cash loan?

Decide how much you want to apply for and fill in the short online form. Same Day Cash Loan will search for a lender for you, and if approved, a loan agreement will be sent to you online.

In some cases, your lender may need some verification of details such as employer or salary, but these can usually be sent online.

If you agree to the lender's offer, the money will be transferred to your account, often on the same day. Once you get paid, you repay the loan and interest.

You can start your application here

How soon will the money be in my account?

Once accepted, the money could be sent to your bank account in as little as 10-15 minutes* Please be aware that some lenders may include an extra charge for this service.

Most loans are paid into your account on the same day and without any transaction charges. The time that it takes for the cash to be received in your account will also depend on your bank’s policies and procedures.

What is the criteria for a Same Day Cash Loan?
All lenders have individual requirements but as a general rule, you need:

● Over 18 years of age,
● Receive regular income of £750 per month or more
● A bank account in your name with a valid debit card
● UK resident
● The lender must be able to prove your identity

Can I apply for more than one loan?

Lenders will normally require that you pay off your existing loan before approving you for a new loan. You should only borrow what you can afford to pay back on your next pay date to avoid further interest and charges and to avoid damaging your credit rating.

Do you use credit checking and credit scores?

Lenders assess your application in a variety of ways in an attempt to approve you for the loan. This may include checking with credit reference and fraud prevention agencies. They will also assess your ability to repay the loan before making a decision on your application.

What is a Continuous Payment Authority (CPA)

Some lenders use CPA (continuous payment authority) to retrieve payment for the loan. This means that you are authorising the lender to withdraw the funds directly from your bank account. Lenders can make multiple attempts to withdraw the money if it is not available. If you want to cancel your CPA, you can do this by contacting the lender or by contacting your bank and requesting a cancellation.

I don’t have a debit card, can I apply?

Unfortunately not. It is a requirement of all lenders that you have a UK debit card.

I’m having problems paying my loan, what can I do?

It is important that before applying for any type of credit you are sure you are able to make the agreed repayments. If your personal circumstances change and you think you may be unable to repay the loan, it is important to speak to the lender straight away so they can discuss the ways in which they can help. If you are experiencing financial problems and have growing debts, we strongly advise you not to take additional loans from any credit providers and speak to somebody about your situation straight away. You can get free advice and support from a number of places, including Step Change Debt Charity, Citizens Advice Bureau, and The National Debt Helpline.

Can I speak to Same Day Cash Loan about my current loan?

You will need to speak to the lender to discuss your loan.

How does Same Day Cash Loan get paid?

Same Day Cash Loan does not charge customers any fees for using its service. If you decide to go ahead and choose a Short Term Loan through Same Day Cash Loan, then your Lender may pay Same Day Cash Loan a commission.