Looking for an Quick Loan? Try Solus

Quick loans offer fast financial support during unforeseen situations. At Solus, they provide quick loans ranging from £1,000 to £5,000. The loans can help you cover urgent expenses when you need cash most. If your application is approved, the money will be sent to your bank within the hour. However, the time it takes to appear in your account depends on your bank’s processing times.

Monthly Repayments Example

Monthly repayment: £112.60

Representative Example: With a Representative APR of 79.9%, borrowing £1,000 over 18 months at a fixed rate of 59.9% p.a. means you would make 18 equal monthly payments of £85.56, repaying a total of £1,540.08.

Please note, not every application will be approved. All credit offers depend on status and affordability checks.

Why Choose Solus?

• Receive funds in your bank within 90 seconds if approved. Actual receipt time varies by bank.

• Flexible repayment options: choose from 12, 18, or 24 months.

• Secure online application available around the clock with instant decisions.

What Is an Quick Loan?

Quick loans are short-term financial solutions designed for urgent expenses. They provide quick cash for sudden needs such as car repairs or unexpected bills. These loans are often offered by direct online lenders, with simple online applications and fast approvals. Quick loans can be especially helpful if you don’t have savings or other financial resources readily available.

How Do Quick Loans Work?

Quick loans function much like short-term loans:

• Apply online through an FCA-authorised direct lender.

• You must meet basic eligibility criteria, such as being a UK resident with a valid bank account.

• The lender reviews your application, checking affordability.

• If approved, the loan amount is transferred to your bank.

• You repay the loan as agreed to avoid fees or harm to your credit rating.

When applying with Solus, we assess more than just your credit score—we evaluate your overall affordability, so even those with poor credit may qualify.

Eligibility Criteria for a Solus Quick Loan

Requirements can differ between lenders, but for a Solus bad credit loan, you need to be:

• At least 18 years old.

• A resident of the UK.

• Earning a minimum monthly income of £500 net.

• Holding a valid UK bank account and debit card.

We conduct credit and affordability checks to ensure you can manage the repayments.

How to Apply for an Quick Loan with Solus

Once you confirm you meet our eligibility:

• Click the apply button and complete the online form.

• Select your desired loan amount and provide personal, employment, and banking information.

• The process typically takes about 15 minutes, though this may vary.

After submission, we run credit and affordability checks, considering your existing financial commitments. Most applications receive an instant decision.

If approved, funds are sent to your bank within 90 seconds, though your bank may take additional time to credit your account.

Solus offers quick loans designed to assist with urgent costs. You can repay early without extra fees to save on interest. They pride themselves on transparency, making all costs, fees, and repayment terms clear upfront—no hidden charges or surprises.

Before borrowing, review the interest rates and terms carefully to ensure you can comfortably repay and avoid financial strain.

What Can I Use a Loan For?

Online loans are suitable for immediate financial needs such as:

• Unexpected car repairs

• Essential home repairs, like boiler replacement

• Funeral or memorial expenses

• Any urgent costs requiring quick funding

There are no strict usage limits, but these loans are intended for short-term emergencies rather than ongoing financial support.

How Do Repayments Work with Solus?

Repayments are straightforward:

• Log into your online account to check your balance and payment history.

• Payments can be made via Continuous Payment Authority (CPA), debit card, Google Pay, Apple Pay, or bank transfer.

• For bank transfers, use your Solus account number as a reference.

• You can repay early to reduce interest charges with no fees.

• Late payments incur a £12 fee and may impact your credit score. If you face difficulties, please contact us promptly.

What Happens If My Loan Application Is Declined?

Approval is not guaranteed. Your application may be declined due to eligibility issues or concerns about your financial situation and ability to repay.

If declined based on credit reference data, we’ll notify you via email which agency was used so you can check your credit report.

Can I Get a Quick Loan with Bad Credit?

Yes, having a poor credit score does not automatically disqualify you. Solus looks beyond credit scores, focusing on your overall financial health and repayment ability.

Frequently Asked Questions

How can I borrow money in an quick?
Apply online with a direct lender, provide your details, and receive a quick decision. If approved, funds are transferred swiftly for urgent expenses.

What documents do I need to apply?
Our process is mostly digital—no physical paperwork needed. You’ll supply personal and employment details, and we verify identity electronically.

Are quick loans the same as crisis loans?
Sometimes they’re used interchangeably. Crisis Loans were government-provided and are no longer available. You might qualify for a Budgeting Loan if you meet benefit requirements.

Will taking an quick loan affect my credit score?
Timely repayments can improve your credit. Missing payments will damage your credit rating.

How quickly will I get money?
If approved, funds are sent within 90 seconds, though banking processes may delay the actual receipt.

Can I have more than one quick loan?
It depends on your situation and lender policies. Repeated quick borrowing can lead to financial difficulties.

How does Solus compare to payday loans?
Solus offers larger loan amounts (£1,000–£3,000) with longer repayment terms (12, 18, or 24 months), unlike payday loans that require full repayment at the next payday.

What if my finances change after borrowing?
Contact us immediately if you struggle with repayments. We may be able to offer solutions to help you manage.

Do I need a good credit score?
Not necessarily. We assess income and financial commitments alongside credit scores.

Will I need a guarantor?
No guarantor is required. Lending decisions are based on your own financial circumstances and affordability.