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How To Get A 15 Minute Loans With Bad Credit

Having no money in your pocket and no savings, and an unexpected situation comes up demanding some expenditures is just a horrible thing. Unforeseen expenses can force you to look for instant funds as possible to save you from your financial misery.

You can seek help from your family or friends, but they may have their own expenses to deal with each month. You may use your credit card or get a loan through your bank. However, these options take time to process, so a quick loan can be a good alternative. You can often find these loans offered by online lenders. These loans are super easy and quick to obtain, and so they’re called 15 minute loans.

fast 15 minute loans online

No Credit Check – 15 Minute Loans

Sometimes you just need cash fast. It could be for an urgent repair at home or with your vehicle, a medical emergency or any unforeseen expenses that needs to be settled right away. The worse times are when your wallet has dried up and your next paycheck is still weeks away.

Times like these, 15 minute loans can save the day. Instant loans or quick cash loans can give you the money you need in as little as 15 minutes. Unlike loans from banks or traditional lenders that could take a few days or even weeks, these 15-minute loans are quick and easy money.

The application online can be completed in just five minutes, and you wait for the response. Feedback is almost instant. Once you get a thumbs up, the loan process is complete in 15 minutes. Afterwards, money will be in your bank account in no time!

Typically small and short-term, 15 minute loans are unsecured type of credit, so you won’t have to worry about having a collateral. The lender allows you to borrow money with the trust that you will repay the full amount.  However, this also means that the risk on the lender’s part is greater especially when you have a low credit score. The amount you can borrow is usually dependent on your income level. The terms and methods of repayment varies from lender to lender.

What you get in exchange for borrowing hassle-free, quick cash like 15 minute loans is the sky-high interest rate. When you have a poor or bad credit, expect a hundred fold interest on your loan. The good thing is you can still borrow money. You can use this loan to improve your credit score by paying the monthly dues on time.

What are 15 Minute Loans?

15 minute loans come in handy for those who are in the middle of unforeseen situations such as a financial emergency, or perhaps a rush of payables shortly just before your payday.

Just like any type of loan, 15 minute loans must be paid in full within a specific period. The repayment period of 15 minute loans is usually in two week to two months, depending on the lender. Some may even allow a longer period like three months or so. You will have to pay back the total loan cost, which comprises the principal amount, the interest, and other possible fees by the time the agreed loan term is due.

It is important to note though that 15 minute loans are not recommended for long-term financial expenses, as these loans are only intended to address short-term financial concerns. If you have a bad credit, make sure you can afford to repayments with the loan’s high interest rate. Otherwise, you might end up with more debt and financial problem.

If you borrow unsecured loans such as 15 minute loans, you are usually required to have a healthy credit record. However, many lenders still consider those with a not-so-good credit history. As long as you meet the requirements, which are so basic, your loan will be approved with no fuss. What’s important is that you have a regular source of income, whether from a job or from an pension or benefits. Other basic requirements to qualify for 15 minute loans include being a permanent resident in the UK, being over 18 years old, and having an active UK bank account.

15 minute loans online are the fastest and one of the easiest ways of getting a loan. Many lenders have designed easy, flexible, 15 minute loans online that will provide you with cash in your hands instantly.

What to look for in a 15-Minute Loan Lender?

15 minute loan lenders should mention all the details of the loan, and clearly explain all applicable fees and terms, which include those related to any early loan settlement and late repayments.

The lender must assure you that your personal information is secure and protected beginning with their website as to being secured. Watch out for lenders and brokers who would share your personal information to third parties.

The lender must be transparent with all of the loan rates and terms on their website, no hidden fees. If they are authorized to operate, they will have links that will show their license. This proves they are legally allowed to conduct business in that area.

The law mandates authorized lenders to conduct credit checks, review your information, and assess if you are eligible for a loan. While some direct lenders advertises a “no credit check” campaign, this doesn’t mean you won’t be checked based on your personal and financial status. These lenders uses a soft pull so that your credit record will not have further damage.


15 minute loans are one of the best solutions for any urgent financial need. It’s easy and fast money. 15 minute loans help cover emergency expenses when your paycheck is not enough or you don’t have savings.

Majority of lenders in the UK who offer 15 minute loans operate online. This provides convenience and comfort to consumers. However, beware and be cautious when filling out online loan applications. Not all loan lender sites you visit are controlled and licensed to conduct business. As always, take time to shop around, so you can get the best deals in the market.


Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Please note:
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances