Quick Loans From Cobra Loans

Get An Instant Decision On Loans From £100 to £5000

Apply Now!

100% Secure Online Application

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed).Representative 669.35% APR (variable).

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

Cobra Payday Loans Hero

Get Quick Cash

Quick Loans From £100 to £5000 – Same Day Funding

Sometimes the unexpected happens, and it can leave us in urgent need of financial support. A quick loan can cover sudden, unexpected bills with a swift, short-term loan solution to help you front the costs.

These kinds of unexpected expenses tend to arise in the blink of an eye. Perhaps your boiler has broken down, or something has come up with your car. Maybe there’s an unforeseen medical emergency that needs to be addressed quickly.

Instead of going through the slow process of trying to obtain a long-term personal loan through your bank, you could consider securing a fast loan online through us to access the funds more quickly.


What Our Customers Say About Us

What is a quick loan?

A quick loan is a type of short-term personal credit solution designed to give you fast, convenient access to the funds you need. This makes quick loans an ideal solution for financial emergencies where you urgently need the funds to resolve a problem before it escalates swiftly.

It is an unsecured finance solution that can be a good fit for people whose credit rating is not great since the sums of money involved are relatively small with short loan periods.

How much is available?

When you submit a quick loan application through us, you can access an amount between £100 and £5,000. If you aim to secure a relatively large loan as quickly as possible, you should ensure your credit file is accurate and current to maximise your chances of getting approved.

How long does it take to receive the money?

If you are successful with your online application, you should receive your funds before the day is out. Get it all done within business hours to maximise your chances of this. Ultimately, it will be down to your bank’s policies and processes.

Faster Payments

If your loan provider has a Faster Payments facility and you really need your money today, the funds can often be released within an hour – sometimes in less than 15 minutes!

Before the advent of Faster Payments, customers would frequently have to wait up to 3 days for the money to arrive in their bank accounts. This means that when an unexpected cash emergency came up, customers would have to go through the added stress of having to wait for their money to arrive.

How quickly will my loan have to be repaid?

When you take out any form of personal loan from an FCA-regulated provider, you will be given a full payment schedule. This will detail the number of repayments due when they will be made and the amount taken each time. There should also be a breakdown of the repayment amounts to inform you of how the interest is being paid.

If the loan has a period of 6 months, your last repayment will be approximately 6 months after the money is transferred.

If you wish to expedite the process and clear your debt early, there is usually a facility to make additional payments. Only do this if you can afford to do so without jeopardising your other financial commitments. By paying off a loan earlier, the balance will be reduced, and you will pay less interest overall. However, you should always read the terms and conditions that came with your credit agreement first – in some cases. You will incur a penalty for making early repayments on your quick loan.

Ready to apply?

Borrow from £100 to £5000

What are the key benefits of quick loans?

1. The online application process is fast
2. Loan approval decisions are made quickly
3. People with bad credit will be considered
4. Funds may be transferred the same day
5. Online e-signature facility means no paperwork
6. 24/7 service offered by many companies
7. All information is kept securely
8. Early repayments usually don’t incur fees

What would a quick credit solution be useful for?

Fast credit solutions are ideal for a wide range of financial problems that are short-term. These can include things like:

  • Unexpected bills arising
  • Issues with your vehicle
  • Home repairs like dishwasher issues or boiler breakdown
  • Helping with a big purchase
  • Funeral costs
  • Other unforeseen expenses

When would a quick loan be a bad idea?

There are many emergency solutions where a fast loan product can be helpful. Of course, there are also various instances where quick credit options are not recommended, such as:

  • Repaying other debts
  • Paying bills like utilities, council tax, rent or TV licence
  • Making payments to a bailiff/credit company
  • Entertainment/leisure
  • Non-essential purchases

If you need advice with your finances, you can contact the Money Advice Service or Stepchange.


Frequently Asked Questions

  • How do quick loans work?

    Fast finance typically involves filling out a short online application that is underwritten by a credit provider if approved. To make everything as quick and convenient as possible, most quick loan processes are handled electronically. In the past, these processes always involved paperwork, which meant there would be delays while waiting for things to arrive. Today, customers can avoid such delays so that, in many cases, the entire process is completed within 24 hours.

  • Quick loans are credit solutions aimed at helping people when urgent cash needs arise. Unfortunately, in many cases, the people for whom financial emergencies arise are often the ones who have bad credit scores.

    When there are issues on your credit file, lenders are usually more cautious about approving your loan application. However, when you apply for short-term financial assistance, providers of high-cost short-term credit often attach interest rates that account for that additional risk. This means quick loan providers are more likely to consider customers with poor credit.

  • Anyone who applies for a fast loan and is given an offer by the lender will usually be required to have a credit check performed before the loan is formally approved. Be advised that having numerous credit checks performed in close succession can leave a footprint on your file that will increase your perceived risk level in any subsequent credit applications.

  • The vast majority of quick loans are unsecured, particularly when the process is conducted online. This means there is no collateral at stake in the loan.

    Many of the more mainstream loan products are secured against an asset that you own. For example, when you take out a mortgage, the loan is secured against the property that you buy with it. If you fail to keep up with repayments, the lender has the legal right to repossess the property to sell it and recoup its losses.

Who provides quick loans in the UK?

Today, the UK has numerous quick loan providers who can be accessed online or at brick-and-mortar locations.

When you need convenient credit, a high-cost short-term loan is one of the most popular options people take up. That said, there are now many UK lenders who offer more long-term credit solutions based on a similar financial model. So if you are in urgent need of a fast loan, you can get in touch with a lender directly or contact a broker who can find the best possible credit provider for your circumstances.

Applying directly with lenders

If you approach a lender directly looking for a quick loan, you will be required to fill out an application and hand it to them directly. This can usually be done online. However, if the lender rejects your application, you will have to find another lender and begin the process repeatedly.

Many lenders in the UK are specialists in offering fast financial products for borrowers in urgent need. You should always check that they are authorised and regulated by the Financial Conduct Authority (FCA). You can check the details of direct lender companies by searching for them on the FCA Register.

If you wish to apply directly to a lender, it is recommended that you first look at your credit file to ensure the information is accurate and up-to-date. Any errors on your credit record could harm whether your credit application is approved.

Using a credit broker

When you work with a credit broker to find a quick loan, you could save yourself time and give yourself the best chance of success. Instead of submitting one application after another directly to lenders until you are approved, you fill out a one-off application through the broker, and they will handle the rest. Brokers are experts in the market and have a strong knowledge of the various lenders and their deals. Therefore, they can help you pinpoint the best option for your circumstances and advise you of all the pertinent information you need to know.

A credit broker can make the whole process far less stressful and minimise any impact it has on your credit record. They can also answer your questions to ensure you fully understand the fast loan product you are committing to. Furthermore, by expediting the whole process of applying and securing your quick loan, a credit broker can help you resolve the cash emergency as swiftly and painlessly as possible so that you can get back to normal.

What are the benefits of a credit broker?

1. You get access to multiple lenders at once, so you won’t have to fill out multiple applications.
2. You will be matched instantly with the lender with the highest chance of granting a loan based on your circumstances.
3. Your credit record is protected as you avoid having numerous credit searches performed.

Fast applications

The online application forms for quick loans tend to be straightforward, and the decision from the lender is usually swift (in many cases, it’s just a few minutes). The length of time it takes will vary, of course, but we can ensure everything goes as smoothly and quickly as possible if you apply through us.

When submitting your loan application, the information you must provide includes:

  • Details of the amount needed
  • Personal information
  • Address
  • Residential status
  • Details of current employment
  • Monthly income figures
  • Regular outgoings
  • Bank account details

The underwriting process

Based on the information provided in your application form, the lender will assess your credit history to make a decision immediately or seek further information.

Fast loan decisions

A loan application will result in one of the following decisions from the lender:

1. Loan approved: A loan amount will be given to you, along with its interest rate, the full interest payable, and key information like how many repayments will be required and the start and end dates of the loan period.
2. Further information required: This means the lender’s information is insufficient to make a decision. They will specify further information they require.
3. Loan declined: The reality is that loan applications are not always approved. If you are declined for a quick loan, you may need to review your credit file. You can do this through a credit agency like Experian.

Applying through a broker will maximise your chances of approval. However, if you have been declined, you should make direct contact with the lender to request an explanation to know where there were weaknesses in your application.

Understanding what impacted the outcome of your loan application can improve your chances of success with subsequent applications.

Applying for quick loans with us

We aim to make the loan application process as fast and smooth as possible. Therefore, you will need to complete the following steps:

Step 1: Complete an online application form. This usually takes 3-5 minutes.

Step 2: We will match you with the right lender. This means the one most likely to approve your application, and it is based on the details you provide in step 1.

Step 3: The lender will carry out the necessary checks with you directly. This will include confirming your identity and checking your credit file.

Step 4: If your application is approved, you will receive your formal loan offer. If you wish to proceed, you will need to give a signature to confirm your acceptance, and the process is completed.

Step 5: The funds are transferred into your account, usually within 24 hours.

Apply for a loan today

Borrow from £100 to £5000

Quick loan approval

If your application for fast credit is approved, you might be asked to confirm some of the information in a phone call. The lender may also ask to see evidence of your income in the form of a bank statement or payslip. No money will be transferred until you have signed the loan agreement to confirm your acceptance of the offer. Once you have signed, the process is complete.

We recommend you keep your phone close by as a PIN code may be sent to verify the electronic loan agreement. When everything is processed electronically, it saves a lot of time. Before electronic processing existed, customers had to print out documentation, put their signature down then submit them by post. By processing the entire agreement online, completion can come in under an hour.

When the lender has gathered all the necessary information and received your agreement, the money will be transferred directly. From this point, you must adhere to the monthly repayment schedule as detailed in your loan agreement. Be sure always to have the necessary funds available to make your repayments.

Most fast loan agreements have a cooling-off period of 14 days that starts on the date on which the loan agreement is confirmed by signature. You can cancel your quick loan during this period. Upon cancelling the loan, you will be given 30 days to pay back the funds to the lender.

Interest is only charged for the period of time you actually had the credit. After that, all additional fees must be refunded.

Quick loans summarised

Quick loans are fast, convenient credit products designed to assist people who need to resolve an urgent financial emergency. When situations like this arise, it can be extremely stressful if your bank balance is insufficient to cover the costs.

A quick loan can be a good solution for many people, even those with bad credit. The application process is swift, and with the help of a broker, you can maximise your chances of approval and even get your hand on the money within 24 hours.

Fast loans usually have a significantly higher rate of interest than mainstream personal loan products. For this reason, you are strongly advised to take the time to read the documentation thoroughly. In addition, it’s important that you completely understand the terms of any loan agreement before committing to it.

When used responsibly, quick loans are a great way to resolve an urgent financial situation before it develops into a highly stressful problem. Financial advice is available to you, and a credit broker can help you get your head around the terms and conditions of any fast loan product you are considering. If you have any doubts, contact us, and we can help you get the ball rolling.