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Personal Loans

 
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Instant Decision Loans

Find best rate with our Loan Calculator >>.

If you want to take out a loan for a major purchase or to consolidate your debts, you’re probably itching to get your hands on the money. Once you’ve made your application, there’s no reason why a company can’t perform a credit check straight away and let you know whether the money’s yours.

Review the UK's leading unsecured instant decision loans
Speak to a loan advisor about getting an instant decision on a secured loan

Instant decision credit cards

Many loans can now be approved instantly online, whereas some lenders prefer to deal with you in person over the phone. Phone applications may also be approved instantly if you find the right lender.

Can I get an instant decision loan with poor credit?

Many lenders promise an instant decision for a certain percentage of borrowers. This could mean that your application will need more consideration if you’re self-employed or have a poor credit rating. Unfortunately, when some lenders say they’ll give you an instant decision, this means saying no to this type of borrower.

If you have poor credit, you might be better off hedging your bets – take out a secured loan, or one with a higher interest rate, as a series of loan rejections could make your credit rating worse. You will also find that instant decision loans are more popular in the personal (unsecured) loans market, so you might have to choose between a quick decision and a better likelihood of success.

Are there any other ways I can rush my loan application?

If your application for an instant decision loan is accepted, some lenders will provide express delivery of your money. This is usually a courier delivery, so it may take a bit longer (or be unavailable) for outlying areas, and you will normally have to pay a fee for the service (around £30-£40).

How do I choose my instant decision loan?

Our best buy tables show clearly which loans will give you an instant decision. Please bear in mind that an instant decision can mean a yes or a no, and many of these lenders might incorporate the cost of making instant decisions in their APRs and other charges. Take a look at our best buy tables for more information on the instant decision loans that are best for you - and good luck with your application!

Use our Loan Calculator to find the best loan for you.

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4 people have commented on Instant Decision Loans: What are they?.

  1. I'm going to plump for instant too.
    - Dan Drage, UK, Jul 30 2008 11:11AMPost a comment | Report Abuse
     
  2. I'm guessing it's instant.
    - James, UK, Jul 29 2008 4:52PMPost a comment | Report Abuse
     
  3. how long does it take
    - john kulanag, UK, Jul 29 2008 12:44PMPost a comment | Report Abuse
     
  4. how long dose it take

    - trevor nix, milton keynes, Jun 17 2008 4:12PMPost a comment | Report Abuse