When you come up with an emergency, you often seek a loan with the fastest approval. Emergency loans can be approved the same day you submit the loan application form. Although the quick disbursal is their unique selling point, it does not mean a lender will sign off on your application.

Most lenders are strict about their approval. They might want you to have a good credit score or a strong repaying capacity. Some can also require some formalities, which might take a bit of time to get approval.

Well, there are some top lenders known for offering easy approval loans. They emphasise your repaying capacity. Even though you have a poor credit file, you will likely get the nod without any hassle, provided you do not fall behind on payments.

Here are the tops lenders for easy approval on loans in the UK:


FastMoneyFinance is an online lender known for offering various types of emergency loans at the best interest rates. It is not hard to get approval from the lender as long as you do not fail to prove your repaying capacity.

  • You can borrow up to £1,000 if you need money for emergencies. Personal loans could be larger.
  • Interest rates are competitive and lower than other mainstream lenders.
  • You will get customised deals, so you do not face difficulty paying off the debt.
  • The lender does not charge any upfront fees or early repayment fees.

The lender is best known for accepting applications from very bad credit borrowers, provided no CCJ is unsettled.


24CashFinances is a reputed direct lender providing various types of small cash and business loans. Getting a loan to fund your business can be extremely tricky for you as an entrepreneur, but with the help of 24CashFinances, you can do it without further ado.

  • Depending on the type of loan you seek, the maximum loan value can go up to £25,000 or more.
  • The lender is flexible with its approach. The unemployed are also eligible to apply for an emergency loan if they have a passive income source.
  • Despite a small amount of money, you will be allowed to pay down the debt in weekly instalments.
  • Free counselling is available if you are struggling with debt.
  • Pay before the due date and save money on interest without any fees.

24CashFinances has gained a reputation for providing customised deals to millions of borrowers.


LoansEvents also provides both small emergency loans and small business loans to both good credit and bad credit borrowers. You do not need to submit any documents to borrow money from this lender. Just provide your income details, and based on that, the lender will determine your affordability.

  • The minimum limit is £1,000, which means borrowers who need a large sum of money for emergencies can easily get money.
  • The unemployed are also encouraged to borrow money if they are on benefits or have a passive income source.
  • No hard credit inquiries are made when you need money for emergencies.
  • You have three days to change your mind when you receive the money.
  • Even small loans are paid back in instalments.

LoansEvents does not charge any early repayment fees and provide promising deals to all its borrowers.


EasyAdvanceLoan is a reputed online lender that lends money to help people tide over during financial emergencies. The approval rate of loans is very high. However, you will still need to prove your repaying capacity. You will get flexible repayment plans without any early repayment fees and upfront fees.

  • This lender also lends money to tenants.
  • You are eligible for lower interest rates if marks on your credit report are old.
  • No hidden fees are charged.
  • No need to put down collateral if you need money for unforeseen expenses.
  • Doorstep service is also available.

EasyAdvanceLoan has gained a reputation by providing loans at the most affordable interest rates. Its interest rates are lower than other payday lenders.


PmLoansDay is also known for providing all types of cash loans at the most affordable interest rates. You can get money within a couple of minutes. Despite a bad credit rating, you do not need to get into any formalities. The lender offers payday loans as well as small personal loans.

When you apply for a payday loan, you are supposed to pay off the debt on your next payday so that you can get rid of the debt once and for all. However, small personal loans are paid off over a period of time.

  • Improve your credit score by paying down all instalments on time.
  • You can borrow as minimum as £100 and up to £50,000.
  • The lender will allow you to use the loan for any purpose, even if you borrow a large sum of money.
  • No default fees will be imposed if you clear the dues within 30 days.
  • No upfront fees and no hidden surprises you will face.

PmLoansDay has provided various types of emergency and personal loans for years. It has gained a reputation for providing the best deals to its borrowers.

The final word

Easy approval is a must when it comes to emergency loans. Most of the lenders lend money without taking too much time and formalities. Yet, sometimes it might result in refusal. It is unlikely to be affordable, especially when you need money to meet unforeseen expenses.

The aforementioned lenders are top lenders on the market that offer various types of loans. The approval rate is very high despite your bad credit rating. These lenders are known for carefully analysing your repaying capacity, so you do not fall behind payments.

However, it is still your responsibility to ensure you will pay off the debt on time. Check your affordability, so you do not struggle with payments.

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