- Loans
- Same Day Loans
Same day loans from 8.2% APR
Get a personal loan with rates from 8.2% APR and a repayment term of 1 to 5 years. Quickly check your personal rate with our eligibility checker that won't affect your credit score. Most approved customers see the money in their bank account in under an hour.
Representative example:
Why choose Zable for a loan
A few minutes to apply
Our application is fully online and takes a few minutes to complete. No paperwork, no branch visits, no long waits.
Money in under an hour
Most customers get their money in under an hour from approval. Once you're approved, we transfer your loan directly to your bank account.
More than your credit score
By securely sharing your bank history through Open Banking, you give us a fuller picture of your finances.
How to apply for a loan
Applying for a loan with Zable doesn't take long:
Quick eligibility check
See your personalised rate in minutes without affecting your credit score.
Choose your loan
Select a loan amount from £1,000 to £25,000 and repayment term from 1 to 5 years that fits your needs.
Receive your funds
When you’re finished with your application, money is then sent directly to your bank account, usually within the hour.
What is a same day loan?
A same day loan is a personal loan you can apply for and receive on the same day. You might also see them called ’quick’ loans or instant loans, though no legitimate lender can literally transfer money instantly.
What it means is a fast, streamlined process from application to payout.
At Zable, a quick loan is a standard unsecured personal loan. You can borrow between £1,000 and £25,000, repay over 1 to 5 years and choose a fixed monthly repayment that works for your budget. The difference is speed. Most customers get their money in under an hour from approval.
Same day loans vs Payday loans
Payday loans are short-term loans for small amounts of money that have very high interest rates. They are designed for very short-term borrowing. They can be expensive and difficult to manage if you're already under financial pressure. If you need more than a few hundred pounds, or want to spread repayments over a longer period, a personal loan is an alternative to consider.
Getting a same day loan means you’re borrowing from a lender that can approve your loan and deposit the money within a matter of hours, not days. Thanks to online applications, Open Banking and speedy processing, loan applications can now be approved much faster.
Personal Loan | Payday Loan | |
|---|---|---|
Loan Amount | £1,000 to £25,000 | Typically £100 to £1,000 |
Repayment Term | 1 to 5 years | 2 weeks to 3 months |
APR | Varies, depending on credit history | Legal maximum of up to 1,250% |
Eligibility Check | Soft search, won't affect your credit score. | Depends on lender |
Early Repayment | You can settle early and save on interest. Up to 58 days' interest is charged on settlement. | Varies |
Can I get a quick loan with bad credit?
You can apply for a loan with Zable even if you have a poor credit history. We look at more than just your credit score when making a decision.
When you apply, we use Open Banking to securely review your income and spending. This gives us a more complete picture of your finances than a credit score alone, which means more people may be eligible than they expect.
Checking your eligibility uses a soft search, so it won't affect your credit score. You can see if you're likely to be accepted before you formally apply.
For more information, read our guide on loans for bad credit.
Things to consider before taking out a loan
1. Check the total cost
Look at the total amount repayable, not just the monthly payment. A longer term means lower monthly payments but more interest overall. Use our loan calculator to see the full cost before you apply.
2. Make sure you can afford it
Your monthly repayment needs to fit comfortably alongside your other bills and expenses. We check affordability during the application to make sure the loan works for you.
3. Borrow what you need
It can be tempting to borrow more when it's available, but you pay interest on everything you borrow. Stick to the amount you actually need.
4. Consider alternatives
An arranged overdraft or a 0% purchase credit card could cost less for smaller amounts. If you are already managing multiple existing debts, a debt consolidation loan could simplify your payments. Free debt advice is available from StepChange or Citizens Advice.
