Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.
Loans for 3 - 12 months.
Short, simple and fast application process.
Decisions in minutes.
Same day loans is the term used to describe any loan agreement which can be paid out on the very same day that it has been applied for. Payday loans, personal loans and even car loans can fall within this remit with the key focus on delivering a lightning fast underwriting decision and money transfer.
To help speed up the application process, same day loans are most commonly applied for online with lenders using the very latest underwriting techniques to make a quick assessment of its affordability, suitability, and your own creditworthiness.
Once you've worked out exactly how much you'd like to borrow, you'll be able to search Very Merry Loans for a range of competitive rates, offering a number of different repayment terms to suit your needs.
The initial application is completed entirely online and, in most cases, you'll receive an immediate decision along with a digital credit agreement that can be signed there and then. In some circumstances, the lender may need to speak with you to clarify details on your application as well as any additional information that may be needed if you've previously had issues with poor credit.
Once approved, you'll be told in an honest and transparent way exactly how much you'll need to repay each month, inclusive of interest and any fees or charges which are applicable. Your lender will also let you know how quickly you can expect the funds to reach your bank account.
Although these loans are issued on the same day as the application, the repayments work in exactly the same way as any other type of personal loan, and you may be able to top up your borrowing as you go so long as it remains affordable for your circumstances.
Same day loans are ideal for anyone looking for a quick injection of funds to help them overcome life's unexpected financial challenges. Due to the fast nature of the underwriting and payment process, they are usually more appropriate for customers looking at borrowing amounts towards the lower end of the spectrum, however that isn't to say that larger sums can't be arranged in certain situations.
If you've had issues in the past applying for finance due to a poor credit score then fear not – many of our lenders have a fantastic track record when it comes to providing loans where others have said no. We understand that not everyone will have a perfect credit history, yet we all experience times where finances are tight and a helping hand is needed.
Although every loan provider will set out their own assessment criteria for applicants, there are some basics that you'll need to have in place to get the ball rolling. Under UK law, you must be 18 years or over to be considered for credit, although being this age with no credit history at all won't necessarily mean that you'll have problems getting your first loan in place.
Since each country operates different local laws when it comes to credit and financial regulation, you'll need to be a permanent UK resident as well as having access to a UK bank account registered in your name. This will allow your lending partner to quickly and easily transfer funds to your account as well as setting up a no hassle direct debit to help you keep on top of your repayments.
Since lenders are taking on a higher level of risk by underwriting same day loans quicker than other types of financing, the rates of interest tend to be higher meaning that you'll pay back more over the long term. However, the big advantage is that many of these loans are designed to be repaid over a fairly short space of time, minimising the impact that these higher rates of interest will have on your total repayment amount.
Same day loans are most commonly issued on an unsecured basis in order to help lenders deposit your funds as quickly as possible. This means that none of your personal assets are put at risk or used as collateral should you be unable to repay, although it may affect your ability to obtain future credit should you not settle your balance.
Some secured loans such as logbook loans and homeowner personal loans can also be issued on the same day that the application is made, however you may find that the overall cost of the loan is slightly more expensive than if you were to pursue a more traditional loan type.
So what are you waiting for? Complete your initial online application with Very Merry Loans in a matter of minutes and discover a world of lenders ready and able to transfer funds directly to your bank account today!