If you can’t find what you’re looking for in our FAQs, contact BingoLoans today.

How Do I Apply For A Loan Online?

To apply for a loan you will need to meet a certain eligibility criteria:

  • Be over 18 years old and a UK resident
  • Be in permanent employment, or receiving a pension, disability benefit/living allowance
  • Have a bank account with a valid debit card.
  • Meet our credit criteria and affordability assessment.

If you meet all of these criteria, click below to start your application.
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What Is APR?

APR stands for Annual Percentage Rate, and this represents the cost of a loan over an entire year. This can be helpful in comparing two similar loans from separate lenders, as you will be able to determine the relative cost of each. The total cost of credit can also be a valuable tool, and this will tell you the precise amount of how much the loan will cost.

I Have A Bad Credit Score, Can I Still Get A Loan?

Before you consider discussing a bad credit score loan, it is important to understand what credit actually means. This is generally used to describe a person who is struggling with past problems of credit, but it can also be ambiguous. A credit rating or score is a number, and not an adjective. As a responsible lender, we do not give to those who we believe are unable to make repayments, however we will look at more than just your credit score in order to describe this. If you have a bad credit score, you may have difficulty in receiving a loan. If you do however, these will often be for smaller amounts, shorter durations and be available at a much higher interest.

What Happens If I Miss My Payment Date?

A late payment may result in extra costs on top of your loan, which might include a missed payment fee of £15. On top of this, you may also be charged late interest of up to 0.8% per day. However, here at BingoLoans, if we have provided you with a short term loan and you are finding it difficult to repay it on time, talk to us, this is a human process not fully automated, let us help you with a repayment plan to get you back on track.

What is an Instalment Loan?

Instalment loans are another name for short term loans and are taken out for short durations between 2 and 12 months.  They have relatively high rates of interest as they are so short but are unsecured meaning they aren’t tied to your car or home. This makes them excellent choices for people with bad credit. To borrow, click to apply and if successful we will transfer funds to your UK account on the same day in most cases.

What are Short Term Loans?

A short term loan is a small loan generally less than £1500 which can be taken out over a few months to cover unforeseen circumstances. A short term loan differs from a payday loan which is usually paid back on your next pay date. You can borrow from £50 up to £1500. Here is how our quick cash loans work.

Payday vs Instalment Lending?

The difference between a payday and instalment loan is the quantity of payments made when repaying the balance.  A payday loan is usually for emergency cash and is paid back on your next payday but no longer than 60 days. An instalment loan is generally from 2 months to 12 months and is not necessarily tied to your payday.  Instalment loans are always repaid in more than one payment.

It’s likely you have found BingoLoans because you need emergency cash and want to take out a quick loan. If you’re able to borrow money right now, it will likely make your life a lot easier. After a successful application, we can have money transferred to you normally on the same day.  This normally means you need to have a job or other type of steady monthly income and reside in the UK. If you’re ready to jump in, click the apply button and we’ll process your application and transfer funds to your account quickly after your application is finished

How do you get a cash loan UK?

Firstly, click on the “apply button”. Next, our innovative online application engine will guide you through the application process. If you are successful, your funds are often available in your account on the same day. We have some of the best APR interest of any broker or lender and an excellent, quick service.

Are Payday Loans or Short Term Loans Online a good thing?

Securing your short term loan online is a great way of borrowing money for an emergency situation, sudden lack of funds or for a one off expense.  There are a few ways to apply, in person in a branch, over the phone or online.  The benefit of applying online is you can get all of the right details together in the comfort of your own home and fill in the application form at your own pace with no pressure.

Why Use Our Services in the UK?

Our business model is as an online loan lender and broker. Our entire process, from start to finish, is conducted over the internet. This saves you time and effort as you qualify for instant lending from the comfort of your home. Start by submitting your application, and finish when you receive the cash transferred to your account.

Are they Instant?

Using our innovative online application process makes the application process as quick as it can be, finding the solution to your emergency cash problems quickly and safely.  The cash loan can often be in your account on the same day so sit back and fill in our application form now.