100% No obligation
instant quote
Get your cash in
10 minutes*
No fees.
No initial
credit check**

What are instant payday loans?

Instant payday loans are a type of loan that gives you the money you need very quickly. When you apply for a short-term loan we are able to return a decision from our panel of lenders instantly. If you are approved, your money will be sent you’re your bank account within 10 minutes*.

Modern instant payday loans from UK lenders are also different from those in the past in that they now feature longer repayment periods. Not requiring the money you borrow to be repaid back in just 1 month, many direct lenders now offer quick loans that can be repaid in monthly instalments with some offering repayment plans of up to 24 months.

These instant payday loans are therefore great for sudden small emergencies, such as a car repair, as you can get the money fast and then spread the cost over a period of time; making it much more affordable. Available to a wide variety of people, such as those who may have bad credit or only work part-time, our panel of lenders cater for nearly every need.

Why Choose Xav Loans?

Adaptable loans from friendly people

Flexible Instalments
Over 3-24 months
Instant Offer
Borrow up to £2,500
No fees
No initial credit check**
No paperwork
Cash in 10 minutes*
All credit histories considered
UK based company
Get your loan quote

Not sure if you’ll be accepted? Try our Eligibility Check

How long does it take to be approved for an instant payday loan?

The speed at which you can now be approved for instant payday loans in the UK is quite amazing. Thanks to advanced algorithms used to calculate your suitability, many direct lenders can now provide you with an instant decision once you have completed their application process. This means you will know straight away whether you have been approved or not; enabling you to get the money you need very quickly.

With instant payday loans now offered online, direct lenders have created processes that are simple and straightforward. What this means is that it’s never been easier or faster to get approved for an instant payday loan. With many lenders getting you the money within 10 minutes* once you have been approved, you can now have the cash loan in your hands just minutes from beginning the process. This time can, of course, vary if other factors play a part, such as the need to contact a guarantor and how long own bank’s payment system takes to process payments.

However, understanding that the need for instant payday loans is often sudden and urgent, we and the lenders that we work with will do everything we can to get the money to you as quickly as possible.

Can I get a payday loan with no guarantor?

You can get instant payday loans with no guarantor. This is because lenders understand that some people do not have access to a suitable guarantor, or simply prefer to take a loan out without the need of involving another person. Whatever the reason, there are now many direct lenders that will offer you a loan without the need for a guarantor.

If you are worried that not having a guarantor may prevent you from getting a loan, you shouldn’t. We will help you quickly find lenders offering FCA-regulated, short-term loans that do not require you to have a guarantor. Of course, there are still some lenders that will insist that you have a guarantor as this person serves as an additional level of protection for them. As such, loans requiring a guarantor can often feature lower interest repayments and other more favourable terms than loans that do not need a guarantor.

Getting a loan with Xav Loans

Fast online application
Find your best loan rate
Instant decision
Cash paid in 10 minutes*
Flexible repayment terms

Can I get an instant payday loan with poor credit?

Xav Loans specialises in helping people with poor credit find instant payday loans with a direct lender that is reputable and licensed. We do this in many ways. First, the lenders that we work with have been carefully selected because they specifically offer loans to people with bad credit histories. Looking past what your credit score is, these lenders take many other factors into account when assessing your suitability for a loan.

By providing information such as your employment status and monthly incomings and outgoings, lenders will take a much more rounded approach to your application. You, therefore, stand a much better chance of finding a lender despite having a poor credit score. Second, as these lenders are authorised and regulated by The Financial Conduct Authority, you can rest assured knowing that all of the loans offered to you are monitored for fairness. Whilst this means you won’t be offered instant loans with no credit check, it does ensure that you are borrowing from a fully-licensed and approved lender.

Finally, we will enable you to perform a Soft Credit Match. This unique feature enables you to see the likelihood of you being approved for a loan before you even apply. Not only does this help you avoid being declined for a loan, but also helps greatly speed up the entire application process.

Are payday loans more expensive than other loans?

It is easy to believe that payday loans are more expensive than other loans because the money borrowed is often smaller than traditional loans and they are paid out very quickly. Whilst this may have been true in the past, the situation has thankfully changed. As such, many of the lenders we feature in our database now offer competitive payday loans that are now a much more affordable option for many people.

Of course, some payday loans will feature higher-than-average interest rates because of the short-term nature of these loans. When we are searching for the best lender for you, we will always asses your application against the cheapest lenders. The FCA introduced a rate cap on all short term loans, This means that you will never be charged more than 0.8% interest per day.

Try our quick
Eligibility Checker

In just a few clicks you'll know whether you'll be accepted
  • Only takes 2 minutes
  • No impact on your credit score
  • 100% no obligation
Eligibility Check