An automated initial response is not always a final lending decision. Your application may need further information, verification or manual review before an offer can be confirmed.
This page explains the decision stage of our quick loans service; possible same-day funding is covered separately.
What to understand before making a borrowing decision.
Application data can be checked through secure service interfaces against identity, affordability, fraud-prevention and lending criteria. A missing or inconsistent result may require manual review.
The automated response must be read together with any verification request and the final status shown in the application journey.
Where the application journey identifies a search as a soft search, it is used for eligibility or assessment without being visible to other lenders. The application must state the search type before it is performed.
A later stage may involve a different credit-file check. Customers should rely on the disclosure shown in the application rather than assuming that every check has the same effect.
After approval, the agreement must be completed and remaining checks satisfied. Only then can payment be instructed.
The receiving bank and payment network can affect when funds become visible.
Representative example
Borrow £700 for 6 months. First repayment £168.45, 4 monthly repayments of £224.60, last repayment £112.20. Total repayment £1,179.05. Fixed annual interest rate 185.39%. Representative APR 611.74%. Our APR includes all applicable fees. Daily interest is capped at 0.798%.
Questions, answered
No. Some applications require additional assessment or verification.
Not necessarily. Read the status and next steps carefully.
No. Assess interest, payment schedule and total repayment independently.
Ready to continue?
Review the costs and provide accurate information. There is no obligation to accept an offer.