Late Night Loans

Late night loans could be the answer to your quick cash needs. Choose Wisely can help find the right 24/7 loan for you.

Table of contents

Written by Mark Grimley
Read time: ~5 mins
Published: 28th September 2023

What is a Late Night Loan?

A late night loan refers to a loan offered outside of traditional banking hours. These loans cater to individuals who require urgent financial assistance but face limitations due to time constraints. Late night loans typically offer instant approval and a quick delivery of cash, ensuring you can tackle unforeseen expenses fast.

What Loans Can I Get Late at Night?

When it comes to late night loans, various options are available depending on your specific needs and circumstances. Choose Wisely offers an Eligibility Check service that helps you explore personalised loan options. Here are some common types of loans you may consider:

  • Personal Loans: Personal loans are a versatile option that can be used for various purposes, such as unexpected expenses, debt consolidation, or home improvements. While not all lenders offer personal loans at all hours, some may provide online applications and automated approval processes.
  • Instalment Loans: Instalment loans allow you to borrow a specific amount and repay it over a set period through regular payments. Some lenders may offer online applications with quick approvals, making them accessible even during late hours.
  • Payday Loans: Late night Payday loans are short-term loans that are usually repaid in full over your next few pay days and are often available 24/7. However, it's essential to be cautious with payday loans due to their high interest rates.

Where Can I Get a Loan at Night?

Choose Wisely provides an easy to use Eligibility Checker which you can use to review personalised loan options, 24/7.

How Quickly Can I get a Late Night Loan?

Late night cash loans are designed to provide quick access to funds, often within a short timeframe (they may even be reffered to as late night instant loans). The exact speed in which you could receive money will vary depending on the lender and their processes. However, with online lenders and platforms like Choose Wisely, you can expect the following:

  • Quick Online Applications: Submitting an online loan application can be done within minutes, even during late hours.
  • Instant Decision: Many lenders offer instant decisions, allowing you to know if you qualify for a loan almost immediately.
  • Quick Payment: Once approved, funds can be sent swiftly, often within hours or the next business day, depending on the lender and the time of your application.

What Are the Pros and Cons of Late Night Loans?

Like any financial product, late night loans have advantages and considerations to keep in mind. Here are the pros and cons to help you make an informed decision:

  • Accessibility: Late night loans provide access to financial assistance at times when traditional lenders may be closed.
  • Quick Approval: These loans often offer instant decisions, allowing you to address urgent financial needs promptly.
  • Convenient Application Process: With online lenders and platforms, you can complete applications conveniently from the comfort of your home.
  • Potential for Bad Credit Approval: Late night loans may be available to individuals with poor credit profiles, providing an opportunity for financial recovery.
  • Higher Interest Rates: Some late night loans, such as payday loans, tend to have higher interest rates, which can result in increased overall repayment amounts.
  • Limited Borrowing Amounts: Depending on your creditworthiness and the lender's policies, late night loans may have lower borrowing limits compared to other loan types.
  • Potential for Predatory Lending: Be cautious of unscrupulous lenders who may take advantage of individuals seeking late night loans. By using Choose Wisely you can ensure you only compare reputable, fully regulated lenders.

Are There Any Alternatives to Late Night Loans?

While late night loans can be beneficial in certain situations, it's crucial to explore alternative options as well. Consider the following alternatives to late night loans:

  • Emergency Savings: Building an emergency fund can help you tackle unexpected expenses without relying on loans. Try to set aside a small amount regularly to gradually build a safety net.
  • Credit Union Loans: Credit unions often offer competitive rates and favourable terms. Check if your local credit union provides emergency loan options or other financial assistance programs.
  • Friends and Family: Reach out to trusted friends or family members who may be able to lend you the money you need temporarily. Ensure you establish clear repayment terms and maintain transparency.
  • Negotiating with Creditors: If you are looking for a loan to pay back existing debts, the first thing you should do is speak to your lenders to work out a repayment plan that you both agree on.

Can I Get a Late Night Loan with Bad Credit?

Yes, it's possible to get a late night loan even if you have a poor credit score. While traditional lenders may consider credit scores as a significant factor, some specialised lenders focus more on your current financial circumstances. They review various aspects beyond just credit scores, offering potential loan options to individuals with bad credit.

How Quickly Will I Need to Repay a Late Night Loan?

The repayment terms for late night loans vary depending on the type of loan and the lender's policies. Payday loans, for instance, usually require full repayment on your next payday. Other types of loans, such as personal loans or instalment loans, may provide more flexibility with longer repayment periods. When reviewing loan options, pay close attention to the terms and conditions, including the repayment schedule, to make sure you can afford to repay what you owe.

Can I get a Late Night Loan Without a Credit Check?

All lenders will complete a credit check as part of your application. This is to make sure that lending to you is a safe and responsible thing to do, for both you and the lender.

How Much Can I Borrow with a Late Night Loan?

The borrowing amount available with a late night loan depends on several factors, including the type of loan, your income, and your creditworthiness. Payday loans usually offer smaller amounts, typically ranging from £100 to £1,000, to be repaid on your next payday. Personal loans and instalment loans, on the other hand, may lend more, potentially reaching several thousand pounds. Remember, it's essential to borrow only what you need and can comfortably repay to avoid further financial strain.

Late Night Loans FAQs

Can I apply for a late night loan if I'm unemployed?

While being unemployed can affect your eligibility, some lenders may consider other sources of income, such as benefits or a co-applicant's income. Explore your options through Choose Wisely's Eligibility Checker.

Are late night loans available on weekends?

Yes, many lenders and online platforms operate 24/7, including weekends. You can apply for late night loans on Saturdays, Sundays, and even bank holidays.

What happens if I can't repay a late night loan on time?

If you're unable to repay a late night loan on time, it's essential to communicate with your lender immediately. Late or missed payments may incur additional fees or interest, potentially impacting your credit score. It's best to discuss repayment options or potential extensions with your lender to find a mutually agreeable solution.

Can I apply for a late night loan from my mobile device?

Yes, most lenders and online platforms provide mobile-friendly websites or mobile apps, allowing you to apply for late night loans conveniently from your mobile device. Ensure you have a stable internet connection and access to the necessary documents or information required during the application process.

Will applying for a late night loan affect my credit score?

The act of searching for a late night loan may result in a soft credit check, which does not typically impact your credit score. However, all lenders will perform a hard credit check if your application is accepted. If you are subsequently declined, it can have a negative impact on your credit score, which other lenders will be able to see on your report. If you proceed with a loan and repay it responsibly, it can have a positive effect on rebuilding your credit over time.

Are late night loans available throughout the UK?

Yes, late night loans are available to residents across the United Kingdom. Choose Wisely's Eligibility Check service covers the entire UK, connectiong individuals with suitable loan options based on their circumstances.

How long does Eligibility Check process take?

The Eligibility Check process is quick and straightforward, typically taking just a few minutes. You'll be asked to provide some basic information, and based on that, you'll receive a list of personalised loan options to compare.

Written by
Mark Grimley
Head of Partnerships & Take Control Author at Choose Wisely

Mark joined Choose Wisely in 2015. He continues to work in close contact with the providers, brokers and journalists operating in the world of consumer credit.

Important Information.

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

If you complete a loan search application on the Choose Wisely website, the rates shown may vary 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 13.9%APR to a maximum of 1721%APR Representative and loan repayment periods range from 3 to 60 months.

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.
You can access your credit report for free from Credit Karma, Clearscore or Experian.

Warning: Late repayment can cause you serious money problems. For help, go to