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Instant loans

Sometimes, unexpected bills can arise, even catching the most careful budgeters off guard. This may leave you feeling stuck trying to find a way to cover an expense which you couldn’t predict.

In this situation, it’s important to carefully review your options. If you are considering instant loans, make sure you find out as much as you can about them first.

Here at Morses Club, our no-nonsense approach to getting the money you may need could help. Our cash loans come in a range of amounts. If loans are approved, we can arrange repayment instalments to suit you, determined by the amount you borrow.

In this guide, we’ve broken down everything you need to know about loans from Morses club, and also plenty of information about how instant loans work.

What is an instant loan?

Instant loans in the UK usually come in the form of a payday loan or a short-term loan. They usually offer a straightforward way of receiving credit, subject to affordability checks.

You won’t necessarily receive instant payday loans or short-term loans immediately, but they can arrive quickly if you pass your affordability assessment.

Instant loans can be an option should you incur an unexpected expense which needs to be dealt with sooner rather than later. However, you should carefully review your circumstances first.

How fast are instant loans?

UK instant loans usually come with a clear application process. If you decide to take out an instant loan, you will have to provide details such as a valid home address and contact information.

Another part of the application process is affordability checks. You must pass these to receive an instant loan, as it reassures both you and the lender that the loan will be manageable. Part of these checks involves looking at your credit file.

Can I get an instant loan with bad credit?

Yes you can. However, as each firm undertake their own assessment of your creditworthiness this can vary between firms.

Some lenders offer instant loans for people on benefits, as well as instant loans with no guarantor. These offerings vary from lender to lender, so you’ll need to find out as much as you can about what’s available.

Does Morses Club offer an instant loan?

No, however we offer short-term loans as an alternative to instant payday loans – with no brokers involved, to support you when you need a little extra cash to cover unexpected expenses. These start at 498.34% APR. If this term puzzles you, take a look at our handy guide to interest rates and APR.

Some lenders offer instant loans for people on benefits, as well as instant loans with no guarantor. These offerings vary from lender to lender, so you’ll need to find out as much as you can about what’s available.

To be eligible for an short -term loan from Morses Club, you need to:

  • Be at least 18 years of age
  • Have a regular source of income
  • Be a UK resident
  • Not be bankrupt or have applied for a sequestration

After inputting these details, we’ll initially approve or decline your application within minutes. If initially approved, someone will contact you to finalise your loan application and the money could be in your bank account the same day. Please note that whilst we aim to provide loans as soon as possible, some applications may take longer than expected.

From this point on, you can manage your account online using our Customer App. This makes repayments more manageable – you can choose to make early or extra payments as well to save money on interest! Find out more about Morses Club loan applications here.

Short term loan example

If you’re wondering how the interest adds up on short term loans, we’ve created a clever calculator to help you understand.

Select the loan amount you need below and see how much this adds up to over a certain period. It should help you make a better decision about whether one of our Morses Club loans is the right choice for you, as well as helping to see whether a loan would be affordable for you.

I'd like to borrow... £200.00
£200 £1000
Paying back over...
Repay... £10.00 per week
Interest rate 75.0% APR 498.34% Finance charge £150.00 Total to repay £350.00
Repay... £10.00 per week
Total to repay £350.00
Existing customers can borrow between £100 and £1500 subject to approval, please login here

Instant loans information hub

Instant cash loans are designed for short-term problems, to help you deal with unexpected expenses should they arise. Our aim is to help offer you peace of mind, and we try to do this as quickly as we can. Below we’ve answered some common questions around instant loans.

When should I consider applying for an instant loan?

There could be many situations where you may feel that your funds are spread a little too thin to cover big, necessary expenses. Unexpected costs can also arise, such as urgent repairs, which you usually wouldn’t have budgeted for. This can cause high levels of financial burden, or the feeling of not knowing what solutions are out there.

Other common reasons for taking out an instant loan are unexpected events such as vehicle breakdowns and problems with your white goods. Sometimes, instant loans can relieve the burden quickly and help you get back on track with your finances.

Here at Morses Club, we aim to provide a service to suit your financial needs, but our loans may not be right for everyone. It is important to carefully review your situation before you take out any loan.

Why do you use credit checks?

As a responsible lender, Morses Club are required to assess how likely you are to pay back what you may need to borrow.

For every application we receive, we carry out a credit and affordability check to make sure that the applicant is able to manage their repayments. Most lenders who offer instant loans online will conduct similar checks. It is possible, but not recommended, to find lenders who do not carry out these checks in the same way.

It is very important to us that our customers can afford their repayments, as we want you to have the best experience possible, with very little stress. Here at Morses Club, we like to think of ourselves as a lifeline to those experiencing an emergency cash situation, offering a helping hand on a short-term basis.

We understand that financial burdens can be upsetting and that you may want to resolve them urgently but being able to afford the loan repayments is the most important thing. This avoids more upset in the long term.

Does my credit score affect anything?

When applying for UK instant loans, your credit score may be taken into account when a lender assesses your loan application.

If you have a bad or non-existent credit score, this may affect your ability to get credit, as well as the best rate on an instant loan. In this scenario, you can still secure a loan, but it may come with a higher interest rate than you originally hoped for.

Can I get an instant loan with bad credit?

It is possible to get instant loans with bad credit, but the interest rate may be higher. For more information on how this works, look at our guide to bad credit loans. It also provides handy tips on how to take simple steps to improve your credit score.

Is Morses Club a direct lender of instant loans?

No, however we offer cash loans with no brokers involved, to support you if you need a little extra cash to cover unexpected expenses.

What should instant loans not be used for?

Instant loans are for short-term problems, to help you deal with unexpected bills and expenses when they arise. They are not intended for longer running financial issues.

If you are struggling with debt or money problems, we recommend you seek free and impartial advice. You can get this from Citizens Advice and StepChange who have experts dedicated to providing support and guidance around your circumstances.

I need a loan - how do I apply?

You can click here to find out if you are eligible for one of our loans. If you are, then of course you can apply. If you need help, please contact us. Our friendly, UK-based Customer Service Team are on hand to answer all your questions.

How a Morses Club loan can help

Morses Club is all about being there for you in those tough moments. However, we understand that our loans might not be for everyone. Here, we’ve broken down just a few reasons why a Morses Club loan could be the right choice for you.

  • We offer a straightforward decision – if your application is approved by one of our agents, the money could be in your bank the same day
  • No hidden charges or unexpected fees – unlike some other lenders, we don’t charge loan settlement fees or late repayment fees (you can learn more about this here)
  • Our loans are manageable – you can track your loan online via our Customer App

More information on instant loans

Sometimes, you may feel like you simply don’t have the cash to cover a one-off or unexpected cost. You may look for instant loans to help resolve this. However, our short-term loan options could also help, providing you with the money you need to help tide you over for the time being. These loans can be used as a short-term solution.

At Morses Club, our aim is to provide support to our customers. We recommend that you only use our loans as a short-term solution. If needed, our existing customers can take out additional loans. Like instant loans, these are still subject to affordability.

We want to make sure that the sum you pay back on our loans is affordable, and that any loan you take out is a solution, not a future problem.

As we’ve mentioned, it’s important that you review your circumstances carefully before taking out a loan. If you’re looking to get money urgently, we’ll work hard to make sure you don’t have to go without or spend another day worrying about how you’re going to access funds. Here at Morses Club, our application process is quick, once approved you could have the money in your account in as little as 2 hours.

Apply now

Existing customers can borrow between £100 and £1500 subject to approval.