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Quick Payday Loans

Quick payday loans allow you to borrow up to £2,500 and receive funds within 1 hour of applying. Payday Loans Hub works with a number of companies that specialise in providing quick loans, so whether you have an emergency expense or need money to tide you over, you can apply online and successful applicants can receive funds in a matter of hours or on the same day.

Our entire application is online and all you to need to do is click on the apply now button and fill in a few details. The information you need to complete includes your name, age, employment, income, expenses and bank details. Our technology matches you with an FCA authorised lender who is best suited to your requirements, based on your loan amount, credit history and affordability.

Applications will receive an instant decision letting them know if they have been provisionally approved and further to some additional credit and affordability checks, funds can be transferred within 1 hours of applying.

How soon can I receive funds?

For applicants that have been successfully approved and passed all the relevant checks, they can typically receive funds within 1 to 2 hours. The lenders partnered with Payday Loans Hub use Faster Payment Service (FPS) which enables them to make BACS payments immediately. Most lenders go through funding cycles whereby they fund a batch of loans in one go – and this could be every hour or every two hours and this is when you will receive your funds.

Quick payday loans are usually available during office hours, which is commonly on weekdays from 9am to 6pm and on weekends from 9am to 12 noon. So applying during this time will certainly maximise your chances of receiving a quick loan, rather than applying in the evening or out of office hours.

If you apply in the evening or on a Sunday, you may have to wait until the next day for final checks to be carried out and to receive your money. However, there is no reason that funds cannot be received within 24 hours of applying.

What are quick payday loans used for?

Those looking for quick payday loans are commonly using the money for an emergency expense or unexpected bill. No matter how hard we try we try to save, we can never be fully prepared for something like a broken boiler, car repairs or medical bill which can easily set us back several hundred pounds.

This is where payday loans can be useful – whilst sometimes an expensive form of credit, they are an effective way to receive money in one lump sum to your debit account. You can use the money in order to pay for your emergency and get your life back on track, whether it is your house, car or personal healthy. You then have the flexibility to repay your loan’s interest and capital over 3,6 or 12 months – giving you breathing space to get back on your feet.

You typically select the last working day of the month for payments to be taken out of your account, otherwise known as your ‘pay day,’ as this is when you are most likely to have extra money available in your account.

In addition, you always have the choice to repay early. The quick payday lenders that we work with are always flexible and allow you to call up or log in so that you can clear your accounts early if you have the funds to do so. In fact, repaying early means that you accumulate less daily interest, so overall, your payday loan should cost less.

What is the criteria for applying?

The companies that Payday Loans Hub work with each have a different criteria, but the general criteria is:

  • Applicants must be over 18 years of age
  • Must be UK residents or living in the UK full-time
  • Have a working debit card, mobile phone and email address
  • In employment (full time or part time) and earning at least £500 per month
  • Not on a pension, benefits or unemployed (although some lenders may consider this)
  • No recent CCJs, IVAs or bankruptcy.

How to get quick payday loans

There are certain things you can do in order to ‘speed up’ your application with your selected lender. Whilst the criteria varies from lender-to-lender, having these characteristics will certainly move your application in the right direction.


Having a good credit score: Those individuals with a good credit rating will likely be fast-tracked through the underwriting process. Every lender in the UK is now required to carry out sufficient checks prior to funding a loan and will typically review your credit score using a credit reference agency such as Equifax, Experian or Call Credit.

By having a history of repaying loans and credit cards on time, and little outstanding debt, you are considered a lower risk of default to the lender and therefore they are more likely to approve your application. Similarly, having a homeowner status is another positive trust factor because to be approved for a mortgage requires undergoing rigorous credit and affordability checks and having a permanent residence means that you are less likely to go missing.

For a quick payday loan, you can also improve your current credit score by joining the electoral roll, closing any unused credit or store cards and also paying off any outstanding loans or credit cards that you are not using.

Provide accurate information: To ensure that your application goes smoothly, it is important to provide accurate information about the loan you are applying for. For instance, the loan must always be for you (unless there are mitigating circumstances like disabilities) and you must answer the information such as your income and employment to best to your ability.

The reason for this is that lenders are always trying to make a strong case to approve your loan. If they see anomalies with your employment or your income compared to how much you have requested to borrow, it simply makes them want to request more proof or information through phone calls, pay slips or bank statements. So to truly speed up your loan, you want to provide accurate information on how much your earn and your monthly expenses.

Make yourself available: Whilst some lenders (not all) may require additional information, this can be in the form of requesting documents to prove income, address or bank details or sometimes it is just a simple phone call to confirm some information. To make sure you get quick payday loans, you need to be available to send over this information or for the very least, be available by phone to speak to an advisor.

Therefore, if you are applying by mobile phone or desktop, it is worth being available for the next hour or two so that you can respond to the lender accordingly. You can be super ready by having a copy of your pay slip or bank statement on your desktop or phone and ready to send off if need be. But if you want funds in 1 hour, maybe avoid making an application and then going out, on the train or to work straight after, as it will just create a delay for you to get back to them.