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Instant decision loans

Get quick results on loan eligiblity

  • Find a loan deal in minutes

  • See your personalised chance of approval for each loan

  • Our soft search won't harm your credit score

MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.

Check your eligibility now

Compare loans from 37 lenders, right across the market1

We do the heavy lifting, so you don't have to. We work with a range of leading providers to help you borrow the money you need.

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1Accurate as of June 2024

What is an instant decision loan?

As the name suggests, an instant decision loan lets you find out immediately if you're approved by a lender, without having to wait around for a lender to get back to you. That means they're ideal if you need cash quickly, perhaps because of an unforeseen emergency.

When you search for an instant loan with us we use a ‘soft search’ - which doesn’t affect your credit score in any way – and then we’ll show you your chances of being accepted for each deal.


What do I need to get a decision on a loan?

We'll need a few details from you to match you with the right loan and let you know your chances of approval, including:

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    What the loan will be used for

    Whether you’re making home improvements or funding the cost of a new car, we’ll need to know what the loan will be used for, so it’s tailored to your needs.

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    How much and for how long?

    Looking for a smaller loan of £1,000 or need a larger loan up to £25,000? Let us know the amount you’re looking to borrow and how long you want to pay it off.

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    A few details about you

    We’ll need a few details about your including whether you’re a homeowner and your employment status, to understand your full financial picture.

With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

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    Apply with confidence

    When you’re pre-approved, the loan amount, duration and interest rate are all confirmed

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    Tailored to you

    When you know what you’ll be able toborrow and how much it will cost, you can choose a loan that’s right for you

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    You’re in safe hands

    This helps protect your credit score as you’re less likely to be rejected when you apply

Why compare loans with MoneySuperMarket?

It’s simple to compare loans with us, and we’ll show you your chance of being approved for each loan deal.

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    It’s quick and easy

    We’ll show you all the key information at a glance, so you can pick the right deal for you. Once you’ve made your choice, click through to the loan provider to apply

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    Market-leading deals

    Securing a lower interest rate with better terms could save you thousands. We’ll search from our panel of over 40 leading loan providers to find you the best deal possible 

  • Protect your credit score

    Good news: when you compare loans with MoneySuperMarket, you don't have to worry about hurting your credit score as we'll only carry out a soft search.

Can I get an instant decision on a loan with bad credit?

We can still give you an indication of whether you’re likely to be accepted for a loan even if your credit score is low. But you may find your loan options are limited to:

  • Borrowing less

  • Paying higher interest rates

  • Having fewer options

There are specialist providers who offer loans to those with a poor or limited credit history, although they are usually more expensive. Improving your credit score can open the door to better and lower cost borrowing.

Rebecca Goodman

Our expert says


Loans can be used for a range of different things, from paying for a new car, repairing a boiler, or even your next holiday. The amount you can apply for will depend on your credit score and financial situation and you can instantly find out your chances of being approved for a loan if you use the MoneySuperMarket free eligibility checker. It gives you the information you need to decide which loan works best for you, and because a hard credit search doesn’t take place your credit score isn’t impacted and other lenders won’t be able to see what you’ve been searching for.

- Rebecca Goodman, Personal Finance & Insurance Expert

Compare loans with MoneySuperMarket

We’re here to help find the right instant decision loan for you, so we’ll tell you whether you’re likely to be accepted and the rates you’re guaranteed to get.

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    It doesn’t take long

    Let us know a little about yourself, your financial situation and the loan you want.

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    We’ll search the market

    We’ll sift through loans from a wide range of UK lenders to find ones that suit you.

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    Compare loans

    You’ll be able to sort loans by overall cost and the likelihood you’ll be accepted.

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No loan is entirely guaranteed and will depend on your credit score and how well you’ve managed credit in the past. If you have a history of bad credit, improving your credit score over time will improve your choices of loan deals, and your chances of being approved.

If you don’t have proof of income you may find it harder to be approved for a loan. Lenders usually prefer you to have a stable job, to prove you have a way to pay the loan back and meet your repayments in good time. You may still be able to get a loan without proof of income, but you’ll likely face higher interest rates.

If you’re unemployed, you may still be able to get a loan but your options will be more limited. Most lenders will refuse to offer you credit if you don’t have a reliable source of income. If this is the case, you’ll probably need to find a specialist lender - and usually interest rates will be high.

Comparing instant approval loans won't affect your credit score. This is because lenders only carry out a soft credit search as part of their pre-approval process.

However, if then go on to formally apply for a loan you will trigger a hard credit search. This could damage your credit score.

Lenders will need to run a credit check to ensure you're eligible for any sort of borrowing. But you can check how likely you are to be accepted for a loan by just entering a few details and telling us about personal circumstances. That will only trigger a soft credit check that won't affect your credit rating.

It's fair to say that if you've got no credit history, or bad credit history, your chances of being accepted for a loan are reduced.

That's not to say that you've got no chance. Your best bet is to tell us a bit about yourself and we'll be able to give you a good idea if you're likely to be accepted for loan.

If it emerges that you're unlikely to be accepted for credit, we'd suggest you take some steps to improve your credit score before reapplying.

Many households are struggling to make ends meet as the cost of living keeps rising. There's little spare cash around to build up an emergency fund, which means it can be tricky to pay for a new washing machine or boiler if your old one breaks down. Maybe you need a new car, or perhaps you're planning a holiday, a wedding or a home makeover?

Let’s face it, most people at some point in their lives need to borrow some money. So it’s important to understand the pros and cons of the different types of loan, as well as how to secure the best rates. If not, you could end up with a poor deal – and costly credit can send you into a downward debt spiral.

Loans can broadly be divided into two categories: secured and unsecured. With a secured loan, the lender will insist on some sort of security against the money you borrow, often a house or car. If you default on the payments, the bank or building society can then sell the asset to clear the debt.

You can usually borrow large amounts with a secured loan, and at a lower rate of interest. Plus, you can pay back the debt over a long time period, perhaps 10 or 15 years.

However, secured loans are more risky than unsecured loans because you could lose your collateral if you cannot clear the debt. You should therefore think very carefully - and consider other options - before taking out a secured loan.

You can typically borrow as little as £1,000 up to a maximum of £25,000 with an unsecured loan – also known as a personal loan.

The interest rate is usually fixed and you pay back the debt over a set term, normally one, three or five years. Personal loans can therefore help you to budget because you know at the outset the full cost of your borrowings and how long they will take to clear.

For example, if you are getting married and the wedding is set to cost £7,500, you could take out a loan for £7,500 at 3% over three years. Your monthly payments would be fixed at £217.98 and you would pay total interest of £347.11 over the 36-month term.

Representative example: If you borrow £7,500, you would make 36 monthly repayments of £217.98. The total amount repayable is £7,847.11. Representative 3.0% APR, 3.0% (fixed) p.a.

If you have run up other debts at high rates of interest, a personal loan can be a good way to manage your borrowings and bring down the cost. Let’s say you have built up a debt of £3,000 on a store card that charges interest of 29%. You could take out a loan for £3,000 at, say, 9%, to pay off the store card balance and reduce the monthly payment. If you also cut up the store card, you would not be tempted to go on a spreading spree and add to your debt burden!

Interest rates on personal loans vary across the market, but as a rough rule of thumb, the more you borrow, the lower the rate. For example, you might pay interest of 9% on a £3,000 loan, but only 3% on a loan of £7,000. It can therefore make sense to borrow a larger amount, say £7,000 instead of £6,500. Just make sure you don’t take on a debt that you cannot afford to repay.

The size of the loan will to some extent determine the term of the loan. It is, for example, difficult to pay off a £7,000 loan in just one year as the monthly payments would be relatively high. However, if you borrow only £1,000, a term of 12 months is more manageable.

You also have to consider the cost implications of the loan term as the longer the term, the lower the monthly payments – but the higher the total cost.

The interest rates on personal loans depend partly on the loan amount and term. But lenders also assess your creditworthiness, usually by looking at your credit file.

The lowest rates are reserved for the best customers – that is, borrowers with a spotless credit record. If you are judged likely to default on the loan because of a poor credit history, you will be charged a higher rate of interest or your application will be turned down.

In other words, there is no guarantee that you will qualify for the advertised rates. Lenders are allowed to boast of low representative rates if those rates are charged to 51% of successful applicants, which means almost half could be charged a higher rate.

You can pay off your debt before the end of the loan term if you come into some cash. But watch out for early repayment fees. Many lenders levy a penalty for early repayment, which could wipe out any potential interest savings. Some lenders also charge arrangement fees for personal loans, which you should factor into your cost calculations.

You should try to work out how much you can afford to borrow and pay back before applying for a loan. This way you can look for loans in your borrowing range, giving yourself the best chance of being accepted as well as ensuring you don’t take on a loan that you can’t afford – you could even try MoneySuperMarket’s loan calculator for guidance.

Likewise it’s better to avoid taking out a loan without thinking carefully whether you need it, and whether the cost of the loan is worth what you’re taking it out for. For example, it’s probably not a good idea to take a loan out for everyday purchases – a credit card might be more suitable.

Interest free periods can be useful when you’re borrowing, but you should always keep an eye on how long this will last. Once the interest free period ends you may be moved on to a high rate instead, so it can be a good idea to pay off as much of your debt as you can during this interest free period.

Variable rate deals mean the interest rate at which you make repayments can change whenever the lender decides to change it – though often lenders will use the Bank of England base rate as a guideline. While this means that your repayments could be less if the base rate falls, they could also go up if the rate rises, so it could be a good idea to ensure you’ll be able to cope with interest rate fluctuations before taking out a variable rate loan.

Loan sharks should always be avoided – they’re illegal, not regulated by any financial organisations, and they generally charge massively high interest rates. What’s more, if you aren’t able to repay them you may be pressured into borrowing even more money, which could lead to a spiral of debt.

Payday loans may be legitimate, but they can come with incredibly high interest rates sometimes reaching over 1000% - which could make even a small loan turn into a debt spiral. Learn more with our guide to payday loans.

Every loan application you make, just like credit applications, leave a mark on your credit report. Too many of these will give lenders the impression that you are desperate to take out a loan, which could imply that you’re struggling to manage your finances – as a result, lenders may be more reluctant to let you borrow from them in the future.

Rather than making lots of applications and hoping one will stick, you may be better off running a soft check on your credit score to see what kinds of loans you’ll be eligible for. This way you can minimise your applications and reduce the chance of you damaging your credit.

Often with loans, the more you borrow the less interest you’ll end up paying. It can vary by lenders, but you should always check on the interest rate they charge as there might be a chance you actually pay less overall by choosing a bigger loan with a lower interest rate.

The best way to find the right deal on a loan is to shop around, and by comparing deals on MoneySuperMarket you’ll be able to browse a list tailored specifically for you. All you need to do is answer a few questions about the loan you need and you’ll be able to compare loans from a number of different providers by the rate you’ll pay back at as well as how likely you are to be accepted.

Bad credit doesn’t mean you won’t be able to get a loan, however it will make it harder to be approved. You can boost your credit score in a variety of ways, from making credit card payments on time to registering on the electoral roll. Read our guide to find out more about how you can boost your credit score.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor

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So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.

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