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

Cash Loans in London: Borrow loans up to £5,000

Representative Example: If you borrow £500 over 6 months at a rate of 25.5% per annum (variable) with a representative 46.19% APR you will make 6 monthly payments of £92.96, repaying £557.76 in total.

Multi Month Loans is a licensed credit broker not a lender. Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk/en.

Instant Cash Loans from £100 to £5,000

Get the cash sent to your account in 15 mins!*

Representative 46.19% APR

Find The Answers To All of Your Questions

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Weighing Up

The Advantages & Disadvantages of Cash Loans

Understanding Quick Cash Loans

What is a Cash Loan?

If you’ve found yourself in a bit of a financial predicament and don’t know what to do next. Whether your washing machine has broken or whether you need money for car repairs to tide you over until payday, a cash loan could help your circumstances.

What is a Cash Loan?

These personal loans in London are usually taken out in times of financial emergency. Many applications for small cash loans are used to cover the costs for things such as unexpected bills or the costs of repairs. As the loan amount and terms are short they are ideal for short term cash flow problems.

These loans can cover things such as, but not limited to:

  • Rent and mortgage payments
  • Vehicle maintenance and repairs
  • House and home appliance repairs
  • Private medical bills
  • Utility and maintenance bills


Where can I borrow a Cash Loan from?

Should you find yourself in a situation where you require a small loan quickly, here are your options for borrowing cash:

  • A high-street payday loan provider: you can borrow money from a lender on your high-street by visiting your local pawnbrokers or cash converters.
  • Banks: Some banks may offer personal loans which can help you to cover the costs of your expenses. Check your local bank for more information.
  • Credit cards: you can use a credit card to cover the expenses of your unforeseen expense. However, be wary of interest rates and implications of maxing out your credit.
  • Doorstep loan: You can apply for a loan to be delivered straight to your door.
  • Your local credit union: Not for profit credit unions may also be an option if you’re looking for a lower interest rate for your cash loan than a bank.
  • Borrowing from friends or family: this can be a great interest-free option, however, borrowing from friends and family members can cause conflicts to arise.
  • Applying for a cash loan online: if you’re looking to stretch your budget until payday, then you can apply for a cash loan online.


How much can I borrow?

At Multi Month Loans we offer cash loans, anywhere from £100 to £5,000 for periods of 1 to 24 months (2 years). Some of the most popular amounts that applicants apply to borrow include: £200, £500 and £1,000 loans.

How long can I borrow for?

At Multi Month Loans, we can provide cash loans for as little as a month up to 2 years. How long you wish to repay may depend on how much you wish to borrow. However, whether you wish to borrow for 6 months or 12 months, or on your next payday, we can help.

The Online Application Process

How to Apply for Cash Loan in London?

When you need money fast, short term loans can be ideal as they are a readily available form of credit, making them accessible to a variety of different borrowers. At Multi Month Loans our application process has been created for complete efficiency of application.

Find out how you could borrow money with a cash loan today.

How do I apply for a Cash Loan online?

To apply for a loan with us, you'll need to fill out our online application form with your personal, financial and employment details. Once your application has been completed and submitted, we'll check it in real-time against our panel of lenders to give you an instant decision on your application.

Our online application process has been specifically designed for ease of applying in an emergency and when time is of the essence, which means that you don’t have to worry about filling out long forms or wasting time sending over paperwork.

How fast can I borrow money?

Quick loans are designed to be used in emergencies, so naturally, they reflect the urgency of which borrowers need them. If you’ve applied for a cash loan online, you should receive a decision within 15 minutes. If accepted, the majority of the lenders we work with should be able to send your money the same day*.

What do I need to apply?

Eligibility Criteria

If you’ve never taken out a loan, you may be interested in finding out more about them and whether or not they’re suitable for you. In fact, cash loans can be an excellent financing option if your situation warrants it, but are you eligible for this type of credit?

Am I eligible to borrow money?

In order to be considered eligible for quick small loans with us, you must:

  • Be at least 18 years of age
  • Be a resident of the UK
  • Receive a regular and steady income
  • Be able to provide your address/es from the past three years
  • Have a valid bank account


Can I still get a Cash Loan in London if I have bad credit?

Having bad credit can make it difficult to find lenders who are willing to lend you money. Generally, poor credit can be an indication that you are likely to miss repayments, making you a high-risk customer. However, there are still lenders who are willing to lend customers with bad credit money.

At Multi Month Loans we will don’t perform hard credit checks, instead, we’ll perform a soft check to see whether you are eligible and can afford to borrow money. Once approved and accepted by a lender, they will then perform a hard credit check.

If you are worried that you will fail a credit check due to financial difficulties in the past, you can use the soft search loan eligibility checker to determine whether you are likely to be approved or not. While soft searches won’t affect your credit, it will leave an entry on your report.

Do I need a guarantor?

Most cash-loan lenders  in London won’t require you to provide a guarantor with your application, even if you have bad credit. Instead, lenders consider the many different reasons that can be attributed to a poor credit score and will perform the appropriate checks to assess both your affordability and creditworthiness.

Weighing Up

The Advantages & Disadvantages of Cash Loans

Cash loans in London are one of the most convenient forms of finance, which is why they have grown so popular in recent years. Due to their flexibility, you can use the loan for whatever short term money woes you need them to cover. However, despite their many benefits, problems can arise if they aren’t used in the right circumstances.

What are the Advantages of cash loans in London?

When considering applying for a cash loan, you should always consider both the positive and negative aspects before you apply. Weighing up the pros and cons will help you determine whether or not this type of loan is suitable for your circumstances. Here are some of the benefits:

  • Easy loan applications: No paperwork or time-consuming application forms.
  • Added convenience: Apply online, via mobile, tablet or desktop wherever and whenever.
  • No waiting around: Receive an instant decision on your application within minutes.
  • Regulated by the Financial Conduct Authority: these loans are regulated by the FCA, ensuring the rights and protection of consumers of short term finance products.


What are the Disadvantages?

You should also consider some of the problems of using this type of finance as well:

  • Your application is not guaranteed approval: your application will be approved subject to a lender’s eligibility criteria.
  • Loan amounts can be small: loan amounts of up to £5,000, making them unsuitable for long term periods.
  • The money will be sent to your bank account: most lenders can pay your loan straight into your account within just 15 minutes* of your application being approved.
  • Interest charges: interest and APR will be added to your loan, which can, in some cases, make the loan more expensive. Always ensure that you check the total amount payable in your loan terms.


What are the Alternatives?

If you do decide that this option may not be the best to suit your circumstances, then you may want to consider alternative options. There are plenty of options available if you are having trouble making ends meet until payday. These include:

  • Long-term loans: if you require a more considerable loan amount to cover your expenses, or if you wish to spread out your repayments, then your needs may be more suited to a longer-term loan.
  • Secured loans: Alternatively if you want lower rates and a higher loan amount you may wish to take out a secured loan. However, this may require you to provide an asset to secure your loan against.
  • Credit cards: if your expenses don’t amount to a large sum, but you’re still finding it hard to stretch your budget, you could consider using a credit card to get you through to payday. However, this is unsuitable for larger amounts, and you should be mindful of the interest you will accrue.
  • Budgeting: by budgeting and stretching your budget, you may be able to make the appropriate changes to see you through your money issues.


Can I afford a cash loan?

As cash loans are regulated in the UK by the Financial Conduct Authority, the appropriate affordability checks will be performed to ensure your ability to make the repayments as part of responsible lending practices. However, you should also consider whether you can afford the loan repayments based on your monthly income and expenses.

If a lender determines that you cannot afford to borrow the loan you have requested, they may offer you a lower amount or may decline your application for credit. Consider APR and interest rates of your loan and check the repayments and the total amount repayable by using a loan calculator.

Will a cash loan affect my credit if I’m late or miss a repayment?

Lenders will have different policies regarding collection and implications on non-payment. You’ll be able to find these in the terms and conditions of your loan agreement. But for the most part, lenders will be in touch with you to rearrange payment if you are late paying any instalments.

Implications of late and missing payments can lead to additional charges and interest added to your loan which can affect your credit. This is why it is essential for you to ensure that you only borrow what you can afford to repay, which will safeguard you from any affordability issues.

Applying with Multi Month Loans

Why Choose Us?

Quick cash loans in London can be excellent options for those who find themselves in an emergency. Whether it’s an urgent repair you need to make or a medical issue that needs to be taken care of, it’s good to know there is a financing solution that can help when money and time are short.

What makes Multi Month Loans different?

At Multi Month Loans we check our panel of Top UK lenders to ensure we find you the quickest and most suitable loan for your circumstances. With our swift application process with no need for paperwork, you could receive your short term loan in less than 15 minutes*.

We consider all applicants fairly, irrespective of credit history and charge no additional fees for the service that we provide.


  • What is a Cash Loan?

    A cash loan is a personal loan that the borrower will usually receive in cash, although more often than not these loans will be deposited into a bank account. Cash loans can be issued by high street lenders such as pawnbrokers or cash converters and payday loan companies.

  • How does a Cash Loan work?

    Once your application for a cash loan has been approved, a small loan lender will then be able to deposit your loan into your bank account. You then agree to make monthly repayments in addition to any fees or interest, until the outstanding balance is paid.

  • Can I get a Cash Loan with bad credit?

    You can still apply for a cash loan, even if you have poor credit. Bad credit cash loans will instead take your affordability and circumstances into account when considering your creditworthiness as opposed to your credit history. Applicants with bad credit can still apply for short term loans.

  • Why choose Multi Month Loans?

    At Multi Month Loans, our small cash loans and application process are created to ensure the entire application process runs as smooth as possible. Allowing you to apply and receive an instant decision on your cash loan as soon as you need it.