Representative Example: Amount of credit: £200 for 30 days you would repay a single payment of £248.00. Interest is 292% per annum (fixed). Representative 1269.7% APR.
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk
If you are facing a difficult financial predicament where you need a small amount of cash, between £100-£1000 in a short amount of time, then you have come to the right place. We work with over 40 reputable lenders in the UK who are all regulated by the Financial Conduct Authority (FCA) so you can be sure you’re you are in safe hands.
Emergency Cash for Unavoidable Expenses
Dealing with a cash crisis in the middle of the month or anytime when you are out of cash is now easy with our quick loan application. We are not a lender, we are a credit broker so one application can save you time in applying to more than one lender in order to get the funds that you need. Once you have filled in our application form, your details are passed to the lenders for them to make a decision based on your circumstances.
Reasons why you may need a short-term loan
Situations crop up sometimes that are completely unavoidable and it’s not always possible to magic money out of thin air. So for these times in life, payday or short-term loans can be just the thing to solve the problem you’re facing. This could include fixing a broken down car, home repairs, vet bills, costs for an unexpected and necessary journey that you need to make and so on. These are all situations that are outside of your control and require money to solve them. Loans can be taken over a period of one month or up to 12 months and from £100 to £1000.
You need to check that you are eligible to apply for a loan before you make your application. You need to be over 18 years of age and a UK resident. You also need to have a valid bank account with a debit card attached. Finally, you need to be in work and in receipt of at least £500 net per month wages.
Decision in just a few moments
Once you have made your application on our website, you just need to wait a few moments until our system can send you a decision from our lenders. If you are accepted, then you will need to confirm a few details with your lender and they will then arrange to transfer the money into your bank account. The money can usually be sent the same day if you apply before 3pm on Monday to Friday. If you apply after this or at the weekend, then the money is more likely to be sent on the next working day.
This site is neither a financial institution nor a lender. We only try to match your requirements with lenders based on your application provided. By completing the application, you certify that you are happy to be contacted by one or more lenders on our panel.
Consumer Advisory: Loan By SMS is a credit broker. Our website will take you to an application form which you fill in and your information will be provided to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after you are transferred to their website or they may contact you via phone or email.
The operator of this site is not a direct lender. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to £1,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods also vary by lender.
Lenders may use collection services for non-payment of loans.
Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to consumers.
We are not a direct lender so we are not responsible for collecting money from customers. Once you have received your payday loan amount, and you think for some reason you may be unable to meet your agreed repayments then you must contact your lender immediately.
By contacting your lender and telling them about your problem gives you the best opportunity to discuss further options in more detail to avoid adverse action. In some cases, lender may offer you a new repayment schedule. With a new repayment schedule, you could incur further charges or interest. To find out more about these charges, you should discuss them directly with your lender as every lender has their own set of Terms and Conditions. If no attempt is made to contact your lender and make them aware of any payment difficulties, then they will reserve the right to pass on your details to third party debt collections agencies.
Lenders usually reserve the right to utilise the Continuous Payment Authority to continue to attempt to take payment from your card up to 90 days past your due date. This is only done if it is in line with the terms of your agreement. Please check your own Terms and Conditions on your signed loan agreement for details.
Implications of non-payment
If you are not able to pay your dues on time then it is your duty to let your lender know that you cannot pay. Non-payment of your loan could include adverse details being included within your credit report. This could adversely affect future attempts at securing credit or finance, in addition to further charges potentially being added by the lender. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new re-payment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, Loans by SMS strongly recommends that you contact the lender in the first instance.
Things to Remember:
• Don't borrow money if you know you will struggle to pay it back.
• Don't ignore the situation; contact your lender as soon as possible.
Please be aware that if do not repay your loan at the agreed date between yourself and your lender, this will result in your lender reporting your case to the Credit Reference Agencies; which may have a negative effect on your credit score.
Loan Renewal Policy
The renewal policy will be totally dependent on the lender who provides the loan. Your lender may be willing to renew your loan. If you wish to do this you should contact them as soon as you know. Our lenders generally charge the same or better rates for loans if you have successfully repaid a loan to them in the past. Remember our lenders have to check that you can afford any loan. Any decision you make regarding the renewal of a loan should be made with full consideration of all the costs and your situation at that time.
Late or non-payment could lead to further interest and/or charges being added to your account.