Cash Loans

Find out more about applying for cash loans online and get accepted today with the help of Choose Wisely.


No obligation. 100% secure.
Share this page
Representative 824.7% APR. Representative Example: If you borrow £250 over 6 months at a Representative rate of 824.7% and an annual Interest rate of 248.19% p.a. (fixed), you would pay 6 instalments of £81.41. The total charge of credit will be £238.46 and the total amount payable will be £488.46.
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 compare loans today.

  • Borrow from £300 to £10000.

  • Choose between lenders who have accepted your application.

  • Absolutely no fees, ever.

Representative 824.7% APR.

How to find a 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: 11th September 2020 Updated: 11th August 2021

Cash loans can be a useful way of borrowing if you need help to cover an unexpected cost such as your car breaking down or home repairs. A cash loan is a lump sum of money that will help you to cover these costs. There are a lot of different cash loans available today from your traditional bank loans to alternative short term loans. Here we are looking at the different types of borrowing and how you could get a quick cash loan today.

What is a cash loan?

A cash loan is a small, unsecured loan that is not secured against assets such as your home or car. The funds can be used to cover emergency costs like car repairs or home maintenance. This type of loan is useful for short term borrowing but shouldn’t be used or relied upon regularly as it could impact your credit score and lead to more financial strain.

Can I borrow cash today?

If you need cash today the best place to start is with a Choose Wisely loan search and compare lenders to find out who will accept your application in principle. Whether or not you are approved for a cash loan today will all depend on the lender you choose to apply with and your personal circumstances.

Where can I get a bad credit cash loan?

If you have bad credit you can still apply for cash loans from various lenders. Although the actual application process remains much the same as it would if you had good credit there is more importance to locate a suitable lender for your personal circumstances before you apply. This is in order to reduce the risk of being declined and further damaging your credit file.

I need cash fast for an emergency, how long will it take to get approved?

When you use the Choose Wisely loan search it takes just two minutes to complete. Once we’ve processed your application we will present you with a comparison table of lenders that have accepted your application in principle. You can then choose from this list of lenders and apply directly through their website. The lender will carry out some final checks and, if you are approved, the cash could be in your bank account the very same day.

What to consider when applying for a small cash loan

If you would like to apply for a small cash loan there are a few basic criteria that you will have to meet for every lender. This includes:

  • Being 18 or over
  • Have a UK address and be a UK resident
  • Be employed or in receipt of a regular income

It will speed up the process if you provide as accurate information as possible. You should only ever apply to borrow money if it is absolutely necessary. If you are struggling with debt then you can get help and advice by visiting the Money Advice Service.

Before you apply for any sort of loan you should always ensure that you can comfortably repay back the loan, as well as the interest, in the time agreed with your lender. You should look at your monthly expenses and your income to compare these figures and ensure that the cash loan will be affordable for your household.

Having outstanding cash loans with other lenders or large debts may also impact your ability to borrow cash loans.

What can I use a loan for?

There are a lot of different uses for loans. The most common reasons for borrowing money fast are:

  1. Emergency home repairs such as boiler breakdowns or roof maintenance

  2. Unexpected medical or dentistry bills

  3. Breakdown or MOT service of a car

  4. Settling rent arrears before payday

  5. Repairing or buying a new home appliance like a fridge or washing machine

Using Choose Wisely can save you time on finding a lender that will accept your application. The search tool also stops the need for you to submit multiple applications which could then have a negative impact on obtaining credit in the future. You can find out more information about our loan search tool as well as other forms of borrowing here on our website.


Is it easy to use Choose Wisely to find a cash loan in the UK?

Our loan search tool is so easy to use and it only takes two minutes to fill out the application. You will need to provide us with some basic information which we will then use to match you with lenders that are more likely to accept your application. You can then choose the one that suits your needs the most and submit a full application through the lender’s website directly.

Am I guaranteed to get approved for a cash loan online?

There is never a guarantee that your application for a cash loan online will be approved. Each lender bases their decisions on your credit history, personal circumstances, current employment status and level of income. Their final decision will reflect whether it is a responsible and safe decision to lend to you at this time.

Written by
Andrew Freelander
Take Control Author 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 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

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.