There is no specific criterion to assess cheap loans, as it depends upon your circumstances, credit history, loan amount, term, and purpose. Compare various deals to find the best rate possible on quick loans that align with your affordability and monthly income.
What are quick loans, and who offers them in Ireland?
Quick loans are short-term personal loans that allow you to borrow a small amount of money. The purpose of these loans is to provide instant funds to individuals facing pressing financial situations. Instant cash loans come with no obligation and can be borrowed with a regular income and the capacity to repay.
Features of online quick loans you should know
- For only small needs of funds
- Speedy process if taken from private lenders
- No need to mention a specific purpose
- Same day funds are available
- Cooling-off period is available
For any need, if you want to get a cash loan in 1 hour in Ireland, you should opt for online lenders. They are flexible in their lending policies and can accept loan applications irrespective of individual credit score. They also consider other factors, such as the borrower's monthly income, debt-to-income ratio, and recent payment status.
Loanstopocket follows the same while providing these loans through a streamlined application process. We help you during times of extreme financial difficulty.
Need money fast? Get a quick loan on same-day payout
What if you are out of funds during financial emergencies? Simple! By depending on online best quick loans in Ireland, you can handle any emergency with timely funds. These short-term loans are available with no guarantor and collateral, as you get approval on your current repayment capacity.
Loanstopocket offers individualised loan offers, providing the best deals available irrespective of credit score and employment status. Through an automated decision-making system, we deliver faster decisions, saving time and resources.
With same-day funding, we ensure our customers receive timely assistance. Get affordable funds in your account in a few hours, sometimes in an hour.
We do not delay the loan procedure by doing a detailed credit history search. For urgent loans in Ireland, we only require verification of your recent finances for the past six months, including a bank statement, regular income, and a verified residential address.
How does a quick loan work?
Quick cash loans in Ireland are meant for small funding for a shorter period. They are the best to fix financial emergencies and provide temporary financial relief. The process runs on the concept of same-day approval and funding. Here is the summary:
- Who is eligible to apply for a quick loan?
These loans are typically available to individuals with a history of some credit issues. They struggle to obtain approval from mainstream lenders. Therefore, they look for alternative lenders, such as online loan providers. Moreover, these loans are also available to those who lack collateral to secure the loan, as they are unsecured.
- What documents are required?
Applying for these fast loans does not require hefty documentation. You only need to submit basic identity proof, employment verification, bank statements, and proof of current income.
- How can I get an instant cash loan in 1 hour in Ireland?
You can obtain emergency loans in Ireland through a swift online application process. You can apply and borrow funds for urgent needs in just a few easy steps. These include:
- Fill and submit the online application form - Complete the online application with income proof, bank statement and address proof.
- A quick review of your loan application - Right after you submit the application form, we start verifying details online.
- Receive loan agreement for your consent - If you are approved, you receive a loan agreement with customised terms and conditions.
- How soon can I get approval for a fast online loan?
Review and agree to the loan agreement promptly to receive an immediate loan approval. We offer the shortest possible approval time for small quick loans. We will transfer funds to your bank account within a maximum of 24 hours or a minimum of 1 hour.
- Is there repayment flexibility for a quick loan?
There are flexible loan terms to choose from, allowing you to select the most suitable one. Determine your income capacity and affordability while picking a repayment term. Check the loan agreement to understand the flexibility given in the repayment schedule.
We offer discounts for successful auto-debit repayments. Borrowers with a good payment history are eligible for larger loan amount limits and lower interest rates on new loan requirements.
What is the difference between a quick loan and a personal loan?
Some features of quick loans are similar to unsecured personal loans. For example, both are short-term loans and are available for a shorter term. Still, there are some differences between the two, which you should know to avoid confusion while making borrowing decisions in future.
| Features | Quick Loans | Personal Loans |
|---|---|---|
| Loan amount | Get a small quick loan up to €5000 | Obtain these flexible small personal loans from €2000 to €75,000 as per your needs. |
| Repayment term | Short-term loan with fast repayment schedules exceeding up to 12 months | They are also quick repayment loans based on the term you choose from 1 to 7 years |
| Collateral requirement | These are obtainable as no-collateral loans that do not require you to risk your assets. | They can be secured and unsecured loans. Enjoy easy approval with no security. |
| Credit checks | These are no credit check loan. Only a soft check is required upfront. | Get access to loans for bad credit people. Usually a hard check is done in the later part. |
| Repayment flexibility | These are flexible repayment loans in Ireland for a shorter term | Custom repayment plan for a loan based on financial circumstances and affordability |
| Eligibility focus | Get funds based on current income and repayment capacity as prime loan eligibility conditions in Ireland. | Both credit score and income are important for these easy eligibility loans. |
| Ideal for purposes | This emergency loan provides a quick fix to urgent financial necessities. | Get funding for big expenses like a personal loan for a home purchase, etc. |
| Significance of a guarantor | Usually, you can get them as a loan with no guarantor by following a simple process. | You can or cannot get guarantor-free loans depending on the option you choose. |
What are the benefits of quick loans?
Choosing the best quick loans in Ireland brings several advantages to your favour. Therefore, it becomes mandatory for you to get the loan for legitimate purposes, as only then can you explore those benefits.
Fast access to funds - We incorporate several features into our loan solutions that enable us to disburse funds quickly to our borrowers.
- Quick approval process
- Fund deposit within 24 hours
- Borrow for emergency expenses
No paperwork - We are new-aged lenders with no space for bulky, lengthy, complicated paperwork that wastes your precious time.
- 100% online process
- No lengthy interviews or detailed credit checks
Available to a range of credit profiles - We are willing to give you loan approval, irrespective of your past credit record, if you have a proven payback capacity. We accept:
- Poor credit scores
- No credit history
Flexible loan amount and terms - Between minimum and maximum limit of amount and tenure, get any number as per your financial status.
- Borrow any amount as per repayment ability
- Flexible repayment plan and tenure
Can I get a quick loan in Ireland with no credit check or documents?
Yes, you can get an instant cash loan in 1 hour without documents despite a poor credit score. Online private money lenders operate differently from traditional lenders or banks. As an online loan provider, we focus more on the applicant's current financial behaviour and recent payment record.
Show us that you have been earning regularly for at least the last six months or one year (in several cases) and borrowed money. Your bank statement for the same duration should also show that you are paying your bills and other debts on time. Besides this, your citizenship proof is also required.
Existing borrowers with good loan payment records can obtain paperless quick loans in Ireland without a credit check if they successfully fulfil the affordability requirement.
How do I obtain a quick loan with bad credit on a soft or no-credit-check basis?
- Start making timely repayments of bills and debts before you apply. Besides the regular income factor, your improved payment behaviour is a vital factor.
- Avoid making the blunder of applying to multiple lenders. Their thorough search will leave multiple search footprints, which can degrade your credit points.
- Try to pay off small debts. It helps you improve your eligibility for a larger loan amount and a more favourable interest rate and tenure.
Can I borrow money fast without a guarantor?
Options are available for quick loans in Ireland with no guarantor required. However, you should borrow only an amount that is affordable and manageable within your regular household budget. The no-guarantor option offers several advantages, including maintaining your financial privacy and receiving an instant loan decision without involving a third party.
What types of quick loans do I have?
As long as you choose a private money lender like us, you have numerous options, with the potential to secure instant loans in Ireland. All options available with an instant approval decision feature can be categorised as short-term loans.
- Payday loans: These are high-interest-rate loans that provide a small lump sum to the borrower, which must be repaid on the next payday. To obtain payday loans in Ireland, you need to find a reliable lender. Otherwise, these loans can be too costly for you.
- Instant loans: These are ideal for small financial needs that require immediate funding. These may include medical urgency, paying university fees, paying rent and many more. Apply online and get same-day acceptance.
- Fast loans: Income-based loans in Ireland These loans typically come with no credit check, as the borrowing amount is relatively small (up to €1000). Like other quick loans, these are also suitable for people with low credit profiles.
- Small loans: These types of loans are usually offered by direct lenders in Ireland. Approval is received on the same day, followed by a fund transfer within 24 hours. Lenders may offer them with no credit check upfront.
What are the best alternatives to a quick loan?
Standard quick cash loans may not work as efficiently as those of specialised ones. Therefore, you look for some alternatives, which are mentioned below:
- Bad credit loans: Loans available to fund applicants with a low credit score are referred to as poor credit loans. These have a slightly higher interest rate compared to standard loans.
- Personal loans: Loans for personal use with no collateral requirement are easily available, offering immediate approval and fast fund transfer. The applicant may include collateral or a guarantor, but it is not mandatory.
- Doorstep loans: If you don't have a bank account or need cash at home, consider doorstep loans as an option. Whether you need quick cash loans in Dublin, Galway, Cork, or anywhere in Ireland, delivered to your doorstep, contact us.
- Unsecured loans: Many individuals with poor credit scores often lack the collateral required to obtain a loan from mainstream lenders. Still, they can consider unsecured personal loans from private lenders in Ireland to get loans on flexible terms.
Why choose Loanstopocket for quick loans in Ireland?
Do you need financial flexibility without the hassle of collateral? Loanstopocket is your trusted one-stop destination for getting customised quick loans on the same day in Ireland. Why are we the go-to choice? Let's take a closer look:
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Effortless Application:
We have made the loan application procedure upfront for your convenience. There is no need for extensive paperwork or intricate steps; you can complete it in just a few minutes. It also ensures unsecured personal loans online with instant decision.
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Swift Approval:
We recognise that there are circumstances where you need funds quickly. That is why our efficient approval process ensures you get a rapid response. In numerous cases, you can have your funds in just a few days.
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Personalised Solutions:
Your financial journey is unique, and so are your needs. Our experienced team works with you to modify terms and repayments that fit your budget and goals.
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Versatile Borrowing Amounts:
Whether you're after a small or larger sum, Loanstopocket has got you covered with cheap unsecured personal loans. We offer a range of services tailored to meet various financial needs.
Our affordable lending allows our borrowers to appreciate us as the best company for unsecured personal loans. Here, we take pride in being the ultimate solution for personal finances. Join our satisfied borrower community and experience Loanstopocket's unique benefits first-hand. Begin your financial journey right here with us.
Frequently Asked Questions
What is the cheapest quick loan available in Ireland right now?
How much money can I borrow?
What are the interest rates for quick loans?
I need financial help immediately. Can I get the same?
I’m unemployed. Can I get a same-day emergency loan?
You can apply for same-day loans if you are unemployed. Some online lenders do accept your part-time income, benefits or self-earned income. However, these urgent loans for the unemployed have higher interest rates, but you can better deal by shopping around and comparing the various loans.
Can lenders see your credit history?
Yes, lenders can check your credit history or score if you permit them. It is a good practice to obtain a legitimate and affordable loan in your favour. Still, you should have an understanding of the differences between soft and hard credit checks. However, we suggest opting for soft credit check loans in Ireland rather than hard credit check loans.
What happens if I miss a repayment?
Missed payment risk or defaulting on the loan can cause severe credit impact. Additionally, the lender may impose necessary fees or penalties through its late fee policy. Therefore, we suggest you choose the flexible repayment in months options and automatic payment option to avoid such a situation.
Can I make early repayment of my quick loan without a penalty?
Yes, you can repay a loan early with no fee in Ireland. It is an effective option to save a significant amount on interest rates. However, you must follow certain conditions, such as making no missed payments in the first few months of the loan and notifying the lender before making an early repayment.
Are there any upfront fees?
These small loans typically have a higher overall cost. Therefore, many loan providers in Ireland require upfront charges to mitigate risk. You should know the exact fee breakdown and do upfront charge comparison. Loanstopocket offers fee-free quick loans and shows an upfront fee warning to each applicant.
Which locations are covered?
You can have these easy loans from anywhere in Ireland. We have a broad online reach, providing quick cash loans in Cork, Dublin, Galway, Belfast, Waterford, Limerick, and throughout Ireland.