Royal Wootton Bassett loan broker

One Day Loans

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Need a loan today or in the next 24 hours? To find out how much a one day loan could cost, complete your details and you will get a personalised 1 day loan quote. One day payday loans are available for young people aged 18 to 21 and people with bad credit.

What is a one day loan?

One day loans are payday loans that are paid directly into your bank account, usually on the same day. The interest rate is much higher than other types of loan. A payday loan must be repaid as one lump sum payment, usually within 30 days. They are there to cover a financial emergency or temporary shortfall until your next pay day.

Why take out a 24 hour Loan?

Payday loans provide easy access to credit, even if you have a poor credit history, such as CCJs or payment defaults. If you have bad credit, payday loans can be one of the few ways you can access credit. High Street Banks are unlikely to lend to borrowers with low credit ratings, but payday loan companies will often take the risk because of the smaller amounts involved and the fast payback time.

WARNING. Payday loans are often taken out by people who cannot afford them or who may already have other debts. There may not be enough income to repay the new loan and you could get caught in a rising spiral of debt.

Am I eligible for a 1 Day Loan?

Looking for a loan under £25000?
low income loans

To be eligible for a payday loan, you need to be a minimum of 18 years of age, be a UK resident, have a valid UK bank account, are employed and receive a regular pay cheque

At 1st Loan, we work with brokers who specialise in Payday loans for people who have an urgent financial requirement, such as a car repair or an unexpected bill that they need to pay now and can comfortably repay when they get their next salary paid The terms of any loan offered will depend on your circumstances. You can apply for a loan today even if you have a bad credit record up to a maximum of £1,000.

Who should consider a 1 day loan?

Taking on a payday loan is something that needs to be fully thought through. It should only be considered in an emergency situation. Payday loans should only be used for temporary money problems; they are not meant to be used as a long term solution. However, if you believe that a payday loan is right for you and you are confident that you can make the repayments on time, please complete the short application form.

How much will a one day loan cost me?

You need to complete the short application form to find out how much a loan will cost you.

Please make sure a payday loan or short term loan is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.

Please remember that Payday loans should only be used for very short term financial needs. Short term loans are not suitable for long term borrowing

Financial Difficulties

If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.

Further Information

Further information on Payday loans: Wikipedia information on Budgeting Loans
Credit Reference Agencies Experian Equifax

Our fast, secure application gives you access to multiple lenders, finding you the cheapest loan based on your personal circumstances*.

For short term loans, payday loans, guarantor loans, car loans, unsecured homeowner loans
  • Our smart loan search does not affect your credit rating
  • It finds the lowest rate loan available to you
  • Secure, two minute application


Who might need a one day loan?

  • I have bad credit
  • I am self employed
  • I am on a low income
  • I am young aged 18, 19, 20 or 21
  • I am a tenant
  • I want a car loan
  • I have a poor credit history
  • Vehicle loan for motorbike or caravan
  • I am renting
  • I am on a blacklist
  • I need immediate fast loan
  • I need money paid in bank today
  • I want a guarantor loan
  • I need a short term loan
  • I need a payday loan
  • I want a low APR interest rate
  • I want a secured homeowner loan

Important Information

This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan or plan for your individual circumstances. We will do everything we can to get your loan paid out as quickly as possible.

If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements

Secured Loans: A broker fee of up to 12.5% will be added to secured loans.

We offer loans throughout the UK

Contact us   Terms & conditions

Copyright © 2018. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Manchester. BL9 6PJ

1st Loan may receive a fee/commission for either referral or completion of your loan application.
1st Loan is not a lender but a licensed Credit Broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.
1st Loan is an Introducer to Fluent Money for secured loan business

1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.
Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.

Secured Loans

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC. Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.


Payday Loans

Representative APR Example: 1212% APR variable. £300 borrowed over 30 days would equal total borrowing of £372.

Personal Loans

Rates from 5.7% to 278%. Representative 51.1% APR. Representative example: £2,000 borrowed for 24 months. Total amount repayable is £6,512.44 in 24 monthly instalments of £271.36. Interest charged is £4,512.44, interest rate 112.8% (variable)

Short Term Loans

Rates from 278% to 1576%. Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable)

Loans are subject to lenders requirements and approval
Although our lender searches will not affect your credit rating in any way, if you are accepted by a lender, they may carry out a full credit search in order to assess your ability to repay

Where the loan recommended is a Secured Loan, security will be required on your home