15 minute loans

Looking for a direct lender that can payout in 15 minutes then use Choose Wisely to compare suitable options.Find out who will accept your application in principle without filling in multiple application forms.


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Representative 770% APR. Representative Example: If you borrow £550 over 18 months at a Representative rate of 770% APR and an annual interest rate of 180% (fixed), you would pay 18 monthly instalments of £113.06. The total charge for credit will be £1,485.08 and the total amount payable will be £2,035.08.
Choose Wisely is a trading style of Choose Wisely Limited and is a free to use price comparison website. Choose Wisely Limited is authorised and regulated by the Financial Conduct Authority as a credit broker not a lender, firm reference number 730574 and is registered with the Information Commissioner’s Office number Z3106681.

A quick, easy way to get a 15 minute loan today.

  • Borrow from £300 to £1000.

  • Choose between lenders who have accepted your application.

  • Absolutely no fees, ever.

Representative 770% APR.

How to get a 15 minute loan in 3 simple steps.

Affordability assessment.

1 form - takes 2 minutes to complete and your data is 100% secure.

Compare products.

Choose from lenders that have accepted your application.

Speedy finance.

If approved, the cash can be in your account in as little as 15 minutes.[†]

Table of contents

Written by Andrew Freelander
Read time: ~5 mins
Published: 9th September 2020 Updated: 9th September 2020

15 minute loans have got their name from the quick, almost instant decision process now provided by the majority of online short term lenders. Due to advancements in technology this new wave of lenders can assess your application and if approved, can in cases, deposit cash into your bank account within minutes.

Can I get a loan in 15 minutes with no credit check?

When applying for a loan of any kind you will have to undergo a number of checks before your application for a loan is approved. This isn't any different for direct lenders that advertise loans paid in 15 minutes. Although these checks may feel like a pain, they are in your interest. They exist to ensure that you can comfortably afford the repayments and that lending to you won't result in you entering financial hardship. These checks will primarily look at your:

  1. Credit history

  2. Personal circumstances

  3. Income and employment status

  4. Regular spending & outgoings

I have bad credit, will direct lenders give me a loan in 15 minutes?

If you have bad credit there are lenders that will still consider your application, although approval is never guaranteed. If you do have a poor credit history a good place to start is with the Choose Wisely loan search. This will provide you with a personalised panel of appropriate lenders to compare. If suitable this may include direct lenders that offer payout within15 minutes to those they approve.

How do I speedup the application process?

Start by completing a Choose Wisely loan search. This way you won’t have to waste time filling in multiple application forms. You will also be able to see where you stand and which lenders will accept your application in principle before you apply direct and get credit checked.

It’s also crucial to be honest in your application. All details you enter will be confirmed by the lenders checks so by not entering correct information you are wasting more time.

Getting a loan in 15 minutes FAQ

Do 15 minute loans exist?

15 minute loans refer to the time it takes for a lender to pay cash to those applicants they approve. Lenders do exist that are able to payout this quickly, but only to those they approve and even then a quick payout in 15 minutes can’t be guaranteed. The time that it takes for an approved loan to show in your bank account will depend on your lender and your bank.

How do I get a loan in 15 minutes?

Whether or not you can get a loan in 15 minutes is all down to your personal circumstances. Getting such a quick loan may or may not be the best or most affordable option for you. We suggest understanding your options by starting with a Choose Wisely loan search.

If approved am I guaranteed to get my loan paid out in 15 minutes?

Lenders may advertise that loans will paid out in 15 minutes, and if approved this is likely to be case but can’t be guaranteed.

Written by
Andrew Freelander
Brand & Content Manager at Choose Wisely

Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.

The quickest way to find the best 15 minute loan for you.

No obligation. 100% secure.

Important Information.

All of the information in this guide is correct at the time of writing.

Rates shown are quotes based on your personal circumstances, are subject to status and are available to those aged 18 and over. Rates available range from a minimum of 3.9%APR to a maximum of 1575%APR Representative and loan repayment periods range from 3 to 60 months.

[*][†] Once accepted, your loan can be transferred to you in as little as 15 minutes. The time that it takes for the loan to show in your bank account will depend on your lender and your bank.

If you need financial advice you can visit stepchange, speak to citizens advice, call the national debtline or speak to moneyhelper.org.uk.

If you've been declined, please refer to your credit report to gain an understanding of why before making further applications.
Your score can be accessed for free via any of the main credit reference agencies such as Credit Karma, Clearscore or Experian.