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

Please note: We are a broker, not a lender, and do not make credit decisions.

Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

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In need of a same day loan? Hopefully, here at 1st Class Loans, we can help you find a financial solution. In order to help you make the right decision, we have listed all of the pros and cons of taking out a Same day payday loan for your consideration.

It’s important that you only ever take out a same day loans if you have checked all other possibilities of finance first. Instant payday loans should only ever be taken as the last resort.


  • High-interest rates – It’s no secret that same day payday loans have high-interest rates. This is because they’re built for short-term borrowing. A useful tip to help you get the best rates is to shop around or to get a payday pingtree loan. Pingtree loans can guarantee to get you the best rates available to your circumstances from a large panel of lenders.
  • Reputation – Online same day loans had a very bad reputation before the FCA stepped in and rightly so too. However, the payday loan industry is now one of the most regulated industries. Before the FCA were involved lenders and brokers were charging extremely high rates and plenty of hidden charges. Now, thanks to the FCA the industry has changed for the better.
  • CCJ for failing to repay your loan – If you fail to repay your loan will you find yourself with a very bad credit and in some cases a CCJ. We recommend that you only take the same day payday loan if you can afford the repayments. It is also important to only borrow the amount of money you need, don’t borrow more ‘just for the sake of it’ as you will pay more in interest back. Also, pay the loan back as soon as you can – the longer you borrow money the more you will pay back in interest.


  • Same day cash – If you do find yourself in a tight situation where you need instant access to cash, then getting a same day payday loan through 1stclassloans.co.uk could see you have the money in your account within 10 minutes*. It’s not quite ‘instant’ but it’s still great for those emergency situations.
  • You can still get a same day loan with bad credit – Many of the lenders who our partner works with specialise in bad credit. So even if you have very bad credit you may still be able to get a loan.
  • Soft search technology – Getting a quote through 1st Class Loans won’t leave a footprint on your credit score. For more information about no credit check quotes and soft search technology please visit out no credit check loans page
  • We don’t store your data – If you apply for a same day loan UK through 1st Class Loans, we don’t store any of your personal details.

FAQs about Same day loans online

Can you get same day loans? Yes, most companies in the short term loan industry offer online loans the same day

Who does same day loans? We can help you find a lender offering quick loans same day for free.

How do same day loans work?

  1. Apply online at 1st Class Loans
  2. We’ll match you with a same day loan direct lender
  3. If accepted the lender will send you the money the same day, as long as you have applied before 9pm (in most cases) some lenders will still be able send you the money after 9pm but not all.

Do you offer same day loans for people on benefits? Some lenders will do same day payout loans for customers on benefits but this will also depend on your credit score. There is no guarantee you’ll be accepted. No company can offer same day guaranteed loans.


We hope that the information provided to you about the pros and cons of taking out a same day loan has helped you in making the right decision. Same day loans shouldn’t be taking out lightly and they should only be used for emergency cash situations.

Same day payday loans can easily spiral out of control if you’ve not taken the time to consider the risks and the affordability of the repayments, causing you to face serious financial trouble. So please be sure to read all the terms and conditions provided by the lender and only commit to the loan if you’re 100% sure that you can repay it in full and on time.


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