Same day loans from £50 to £5,000
When an unexpected bill lands and you need money today, waiting days for a bank loan isn’t realistic. Same day loans are designed to get funds into your account quickly, often within hours of applying.
New Horizons searches over 50 FCA-authorised lenders to find you a same day loan that fits your circumstances. You apply once, see your matches in minutes, and choose the offer that works for you. There are no fees, no credit footprint on your initial search, and no obligation to accept.
Whether you need £100 for an emergency repair or up to £5,000 for something bigger, our Soft Credit Match technology connects you with lenders who specialise in fast funding. Repayment terms range from 3 to 36 months, so you can spread the cost at a pace that suits your budget.
How same day loans work at New Horizons
The process is built for speed without cutting corners on safety. Here is what happens when you check your eligibility.
- Complete a short online form. Tell us how much you need, your preferred repayment term, and some basic details about your income and outgoings. It takes around three minutes.
- We search over 50 lenders instantly. Our Soft Credit Match technology finds your best options using a soft credit check. It won’t appear on your credit file and other lenders can’t see it.
- Review your offers with no obligation. Each one shows the interest rate, monthly repayment amount, total cost of the loan, and repayment term. Take your time to compare.
- Choose a lender and complete their application. They will carry out a full credit check and affordability assessment to make sure the loan is right for you.
- Receive your funds, often within minutes. Once approved, most lenders send funds within 15 minutes. The time it takes for money to appear in your account depends on your bank’s processing times.
Our service is available 24 hours a day, 7 days a week, including weekends and bank holidays. So if something goes wrong on a Saturday evening, you can still check your eligibility straight away.
It's quick & easy
Apply for a loan
Who can apply for a same day loan
Same day loans through New Horizons are available to most UK adults with a regular income. To check your eligibility, you will need to meet these basic requirements:
- Be at least 18 years old
- Be a UK resident
- Have a regular source of income
- Have a UK bank account
- Provide accurate personal information
You don’t need a perfect credit score to apply. Many of the lenders on our panel specialise in working with people who have had credit difficulties in the past. They assess your current financial situation, not just your credit history. If you have experienced defaults, CCJs, or missed payments, you may still be matched with a lender who can help.
If you’re receiving benefits such as Universal Credit, PIP, or ESA, you can still apply as long as you have a regular income. Our lenders look at your overall affordability, including whether you can comfortably manage the monthly repayments alongside your existing commitments.
For more details on what lenders look for, visit our loan approval criteria page.
Understanding the costs of same day loans
Borrowing money costs money, and we believe you deserve to understand exactly what you’ll pay before you commit to anything.
New Horizons has a representative APR of 49.9%, which is significantly lower than many other loan brokers in the UK. The rate you’re offered will depend on your personal circumstances, including your credit history, income, and the amount and term you choose.
Here is a representative example of what borrowing could look like:
- Amount of credit: £1,200
- Loan term: 18 months
- Monthly repayment: £95.44
- Total amount repayable: £1,717.83
- Total interest: £517.83
- Interest rate: 49% per annum (fixed)
- Representative 49.9% APR
APR rates across our lender panel range from 9.3% to a maximum of 1,721%. The wide range reflects the variety of lenders we work with, from lower-rate personal loan providers to specialist short-term lenders. Borrowers with stronger credit profiles typically receive lower rates.
New Horizons never charges any fees to customers. Our service is completely free to use. We are paid by lenders when a loan is successfully arranged, so you pay nothing for searching, comparing, or applying through us.
Shorter repayment terms mean you pay less interest overall, but your monthly payments will be higher. Longer terms spread the cost and lower your monthly outgoing, but you’ll pay more in total interest. If you’re unsure which term suits you, our lenders will show you different options so you can compare.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Why choose New Horizons for same day loans uk
There are plenty of loan brokers online, so why search with us? Here’s what sets New Horizons apart.
We search over 50 FCA-authorised lenders with a single application, giving you access to more options than most brokers offer. More lenders means a better chance of finding a competitive rate and a loan that matches your needs.
Our Soft Credit Match technology protects your credit score during the initial search. Unlike applying directly to multiple lenders, which leaves a hard search on your credit file each time, our soft search is invisible to other lenders. This is especially important if you’ve been turned down before, as multiple hard searches can lower your score further. You can read more about improving your credit in our guide on how to fix a bad credit score.
New Horizons was established in 2017 with a simple principle: do the right thing for your customers. That principle shapes everything we do, from the lenders we partner with to the way we handle your data.
Our Customer Promise includes three commitments we call the Three Nevers:
- We never sell your personal data
- We never contact you to sell other products
- We never give consent to other companies to contact you
We never sell your data, we never spam you, and we never share your details without permission. In an industry where data selling has been a widespread problem, this matters.
Our Feefo Gold Trusted Service rating reflects what our customers think of the experience. Feefo only collects reviews from verified customers, so you know the feedback is genuine.
Same day loans for bad credit
A low credit score can feel like a barrier, but it doesn’t have to stop you from finding a loan. Many of the lenders on our panel are specialists in bad credit loans and take a broader view of your application.
Past credit problems don’t define your future. Lenders who work with New Horizons assess your current income, employment status, and overall affordability rather than focusing solely on your credit history. Whether you’ve had a default, a CCJ, or a few late payments, there may still be options available to you.
The Soft Credit Match is particularly valuable if you have a low credit score. Because the initial search doesn’t leave a mark on your credit file, you can check your eligibility without any risk to your score. Only if you choose to accept an offer will the lender carry out a full credit check.
If you’ve been refused a loan elsewhere, it doesn’t necessarily mean the same will happen here. Different lenders have different criteria, and by searching over 50 of them at once, you significantly improve your chances of finding a match.
It's quick & easy
Apply for a loanHow quickly will I receive my money
Speed is the whole point of a same day loan, so here’s a realistic breakdown of the timeline.
The application form takes around three minutes to complete. Once you submit it, our Soft Credit Match searches over 50 lenders and returns your results almost instantly. You can review your offers, compare rates, and decide whether to proceed.
Once approved by a lender, your cash could be sent within 15 minutes. The time it takes for the money to arrive in your account depends on your bank’s processing policies. Most people receive funds within an hour or two, though some banks take longer, particularly outside standard business hours.
New Horizons processes over 7,510 loan applications every day, and our system is available around the clock. Whether you need to apply at 7am on a Tuesday or 11pm on a Sunday, you can check your eligibility and see your options immediately.
If you need funds urgently, make sure your application is complete and accurate. Missing or incorrect information can slow things down if a lender needs to verify your details manually.
For other fast funding options, you might also consider quick loans or emergency loans, which are designed with similar speed in mind.
What can same day loans be used for
Same day loans are designed for times when you face an unexpected cost that can’t wait. Common reasons people search for same day loans include:
- Car repairs or MOT failures that affect your ability to get to work
- Emergency home repairs like a broken boiler, burst pipe, or faulty electrics
- Urgent vet bills when your pet needs immediate treatment
- Essential appliance replacements such as a fridge or washing machine
- Bridging a gap between paydays when an unexpected expense hits
- Covering a deposit or upfront cost that needs to be paid quickly
Same day loans are not designed for regular spending, holidays, or non-essential purchases. The interest costs make them unsuitable for anything that isn’t genuinely time-sensitive. If you can wait a few days or weeks, other forms of borrowing may offer better rates.
If you need a smaller amount for a specific expense, borrowing only what you need keeps the cost down. For example, a £500 loan for a car repair is more sensible than borrowing £2,000 just in case. You can borrow anywhere from £50 to £5,000 through New Horizons, so you can match the loan to the actual cost.
Same day payday loans
If you’re searching for a same day payday loan, you’re likely looking for fast funding with flexible repayment. That’s exactly what New Horizons offers.
Same day loans through New Horizons give you the speed of payday lending with repayment terms from 3 to 36 months. Instead of repaying everything in a single lump sum on your next payday, you spread the cost across manageable monthly payments. This reduces the pressure on your budget and lowers the risk of falling into a borrowing cycle.
The lending industry has changed significantly since the FCA introduced stricter regulations. Interest rate caps, affordability checks, and fairer lending practices mean today’s short-term loans look very different from the payday loans of ten years ago. New Horizons was established after these reforms, so responsible lending has been part of our approach from day one.
Alternatives to same day loans
Borrowing isn’t always the best option, and we’d rather you made the right choice for your situation than take out a loan you don’t need. Before you apply, consider whether any of these alternatives might work.
Credit unions offer affordable loans to members, often at much lower interest rates than online lenders. If you’re already a member, or can join one quickly, this could be a cheaper option. Find your local credit union at findyourcreditunion.co.uk.
Payment plans with service providers. Many tradespeople, garages, and vets offer payment plans for emergency work. It’s always worth asking before borrowing, as you may be able to spread the cost interest-free.
Family or friends. If someone close to you can help, borrowing from them avoids interest entirely. Just make sure you agree on repayment terms to protect the relationship.
Existing credit. If you have a credit card with available balance and a lower interest rate, using that could be cheaper than a new loan. Check your current rate before deciding.
Free debt advice. If you’re already stretched financially and considering borrowing to cover regular bills, speak to a free debt advice service before taking on more debt. MoneyHelper, StepChange, Citizens Advice, and National Debtline all offer free, confidential support.
If you’ve explored the alternatives and a same day loan is the right fit, New Horizons is here to help you find the best match from over 50 lenders.
Responsible borrowing and same day loans
Getting money quickly is helpful, but borrowing responsibly protects your financial future. Here are some things to consider before you apply.
Only borrow what you can afford to repay. Work out your monthly budget honestly. After rent, bills, food, transport, and any existing debts, can you comfortably afford the loan repayment? If it feels tight, borrow less or choose a longer repayment term to reduce the monthly amount.
Look at the total cost of the loan, not just the monthly payment. A longer term means smaller monthly repayments, but you’ll pay more interest overall. A shorter term costs more each month but saves you money in total.
If you’re already struggling with existing debts, adding a new loan can make things worse. For guidance on managing debt, our tips for getting out of debt offers practical advice. If debts feel overwhelming, contact StepChange on 0800 138 1111 for free, confidential support.
If you do take out a same day loan, set up a direct debit for your repayments straight away. Missing payments leads to additional charges, damages your credit score, and can result in your details being passed to a collections agency.
All lenders on the New Horizons panel are FCA-authorised and regulated. They are required to carry out affordability checks to make sure the loan is right for you. We can’t guarantee you’ll be approved, because that’s the lender’s decision, but we will search over 50 FCA-approved lenders to find you the best possible match.
Frequently asked questions about same day loans
Can I really get a loan on the same day I apply?
Yes, most approved applications receive funding the same day. Once a lender approves your application, they typically send funds within 15 minutes. How quickly the money appears in your account depends on your bank’s processing times. Our system runs 24/7, so you can apply any time, including evenings, weekends, and bank holidays.
Will checking my eligibility affect my credit score?
No, it won’t. New Horizons uses a soft credit search for the initial eligibility check. This is invisible to other lenders and won’t affect your credit score. Only if you accept a loan offer will the lender carry out a full credit check. You can read more about how credit checks work in our guide on how to improve your credit score.
Can I get a same day loan with bad credit?
Many of our lenders specialise in working with people who have past credit problems. They look at your current income and affordability, not just your credit score. Whether you’ve had defaults, CCJs, or missed payments, you may still find a suitable match through our panel of over 50 lenders.
How much can I borrow with a same day loan?
You can borrow between £50 and £5,000. The amount you’re offered depends on your individual circumstances, including your income, existing commitments, and credit profile. We recommend borrowing only what you need to keep costs down.
What are the repayment terms?
Repayment terms range from 3 to 36 months. Shorter terms mean higher monthly payments but less total interest. Longer terms lower your monthly outgoing but cost more overall. Choose the balance that works for your budget.
Does New Horizons charge any fees?
No, New Horizons never charges customers any fees. Our service is completely free to use. We are paid a commission by the lender if you take out a loan, so you pay nothing for checking your eligibility, comparing offers, or using our service.
Is New Horizons a lender?
No, New Horizons is a credit broker, not a lender. We search over 50 FCA-authorised lenders and brokers to find you the best match. We never lend money directly. New Horizons Finance Ltd (Company No. 11757330, FCA reference: 834535) is an Appointed Representative of Flux Funding Limited (FRN 806333).
Can I get a same day loan on a weekend or bank holiday?
Yes, our service is available 24 hours a day, 7 days a week. Many of our partner lenders process applications and transfer funds outside of standard business hours, including weekends and bank holidays. Exact transfer times depend on your bank.
What happens if I can’t make a repayment?
Contact your lender immediately if you think you’ll miss a payment. Many lenders can adjust your repayment schedule or offer a temporary payment holiday. Ignoring the problem leads to late fees, additional interest, and potential damage to your credit file. If you’re struggling with debt, free help is available from StepChange and Citizens Advice.
Do I need a guarantor for a same day loan?
No, you don’t need a guarantor. Same day loans through New Horizons are based on your own circumstances and creditworthiness. If you’re interested in learning more about this type of borrowing, see our no guarantor loans page.
Can I pay off my same day loan early?
Yes, and there are no early repayment penalties. If your circumstances improve and you want to clear the loan before the full term, you can. Paying off early reduces the total interest you pay.
What information do I need to apply?
You’ll need basic personal and financial details. This includes your name, date of birth, address, employment information, income details, and bank account number. Having these to hand before you start makes the process faster.
Can I apply if I’m on benefits?
Yes, you can apply if you receive benefits as part of your regular income. Our lenders accept various forms of income including Universal Credit, PIP, ESA, and other benefits. What matters is that you can afford the repayments. For more information, see our loans for people on benefits page.
Are same day loans the same as payday loans?
Not exactly. Traditional payday loans required full repayment on your next payday. Same day loans offer the same speed but with flexible repayment terms from 3 to 36 months. You spread the cost across multiple monthly payments instead of repaying everything at once.
What if I’m not matched with a lender?
Not being matched doesn’t mean you’ll never get a loan. Different lenders have different criteria, and your circumstances may change. You could try again in a few months, or work on improving your credit score in the meantime. Free debt advice from MoneyHelper can help you explore your options.
Find your best rate loan without needing an initial credit check.
‘Soft Credit Match’ our technology matches your profile with our industry-leading panel of Financial Conduct Authority (FCA) approved direct lenders without leaving any mark on your credit record.
With no obligation & no cost – it’s the best way to find a loan.
Get Your CreditMatch