Small cash loans
Small cash loans can be a useful solution for those who are facing an unexpected cost, like an expensive MOT or a broken appliance. Because you are only borrowing a small amount of money, you can often pay small cash loans off in a shorter amount of time than a longer term loan.
How do small cash loans work?
Morses Club provides small cash loans between £300 and £1000 for new customers. Our UK small cash loans are repaid weekly over 35 or 52 weeks, depending on the amount borrowed.
You can apply for one of our small cash loans online and receive an initial decision within minutes. Small cash loans are issued depending on the outcome of your affordability assessment.
If your application is approved in principle, an agent will phone you to finalise your small cash loan. They can also arrange to collect your weekly repayments from your home at a time that suits you, there is also the option to make repayments over the phone or online via our Customer App.
Our loan calculator will help you work out how much the weekly repayments will be on the amount you need to borrow. Please note that if you increase your borrowing, you may be extending the terms of your debt and increase the total amount you repay.
Apply now for an initial decision online
Small cash loan FAQs
When should I consider a small cash loan?
If you don't need to borrow a large sum of money and want to pay back your loan within a few months, then small cash loans can be a good option. You make the repayments in weekly instalments at a time and date that is convenient for you. There's no need to make online bank transfers or set up any direct debits as your agent will come and collect your payments in person.
What are small cash loans typically used for?
Many people find small short term loans useful when they need money quickly for an emergency expense, such as a car breakdown. A small loan is also a good option to consider if you need to replace a household item, such as a fridge, washing machine or bed and want to pay it off in small instalments to spread the cost.
Where can I get small cash loans?
You can apply for a small unsecured loan online from Morses Club. We are a direct lender and offer loans from £300 to £1000 for new customers. You can also choose a flexible repayment plan over 35 weeks. A Morses Club loan can be a simple and convenient way to get the money you need.
How can I apply for a small cash loan from Morses Club?
With Morses Club, you can apply for a small loan online, and you'll get an initial decision in minutes. If you are accepted, one of our agents will then arrange a visit to complete affordability checks and finalise your loan application in the comfort of your own home.
Use our small loans calculator to work out exactly how much you will pay back in weekly instalments.
How soon can I get a small cash loan?
With our quick and easy online loan application, you'll get an initial decision in minutes. A Morses Club agent will then arrange a visit to complete your loan and conduct an affordability assessment to ensure the repayments are manageable. If you are accepted, you could have your small cash loan in a matter of days.
Your agent will then collect your repayments from your door each week and will be your main point of contact should you have any questions about your loan.
Can I get a small cash loan with no guarantor?
Yes. You do not need a guarantor for one of our small short term loans, but we will need to carry out some affordability checks.
Can I apply for a small cash loan if I have bad credit or very bad credit?
Yes – we assess each application individually. Even if you have a less than perfect credit history, including a bad credit score or CCJs, you may still be eligible for a loan of £300 - £1000. Providing you haven't been declared bankrupt, applied for Sequestration, or had a Debt Relief Order or Individual Voluntary Agreement within the past six years, your application will still be considered.
Can I get a small cash loan with no credit checks?
No - we are a responsible lender. That means we have to carry out certain checks to ensure that a small loan is right for you. But, even if you have a poor credit rating, we will still consider you for a loan.
Can I get a small cash loan if I am unemployed or on benefits?
You can apply for a loan, but there is no guarantee that your application will be successful. Small cash loans have high interest rates compared to some other types of credit, and if you don't have a regular income, you may not be able to keep up with the repayments. We assess all applications on an individual basis but cannot guarantee that you will be offered a loan if you do not have a steady income.
If you think a small loan with Morses Club could be right for you, apply now to get started.