Quick loans online are among the most sought-after short-term loan solutions with no demand for collateral or a guarantor. The loans are used for varied urgent purposes from car repair to home renovation, medical bills, funeral costs, etc. The applications are processed digitally with no or minimum paperwork required (depends upon the lender). This makes borrowing speedy and dependably during a financial fix.

What are quick loans?

Quick loans in Ireland are online are short-term personal loans that are designed to provide instant money within a few hours or 24 hours. These are unsecured loans, offered online without any paperwork or a physical visit to the lender's office. Once you get funds, you can fill financial gaps for varied last-minute emergencies. Due to the instant approval decision and speedy fund disbursement policy, the term 'quick' is used as the loan term.

Difference between interest rate, APR and fees
Interest rate - A nominal percentage applied principal loan amount. APR - It includes rate of interest and mandatory fees. Fees - One-time or recurring charges like late fee, admin fee, arrangement fee

People with bad credit or limited credit history can also apply. In fact, all income types are acceptable, whether employed, self-employed, freelance, or income from benefits, as long as it is regular. The loans are available as quick cash loans in Dublin, Cork, Galway, Limerick and in all cities.

Example of an affordable loan
Loan amount €5,000
Loan term 3 years (36 months)
Representative APR 6.50% APR
Monthly payment €152.82
Total repayable €5,501.45
Apply Now - Get a Quick Loan Match

What are the eligibility and documentation requirements?

Before you apply for the quick loans in Ireland online, knowing about the eligibility and documentation requirement is vital. However, as the loan process is completely digital, you need to upload documents digitally. This saves time, and you can borrow funds faster.

Eligibility Documents Required
Age requirement usually from 18 to 21 years Address proof through a bank statement or utility bill
Resident of Ireland or have acceptable address proof. Photo ID, such as a passport or driver's license, etc.
A valid identity proof Income proof such as payslips, tax documents, and bank statements.
Regular income source, irrespective of employment status. Bank account details for fund transfer after approval and repayments
A valid bank account in the applicant’s name PPS or Personal Public Service number requested by several lenders

What are the purposes of quick loans?

The quick loans on the same day can be used for many purposes. The following are the common reasons that make fund seekers choose them.

  • Cover emergency expenses - It can be any type of expenses, such as medical bills, car or home repair, rent, utility bills, urgent travel, etc.
  • Support for freelancers or self-employed - If your income does not have a regular date, you need a quick loan broker to get speedy funds.
  • Handle family or personal needs - Pay for family celebrations, child birth, school or college fees or urgent needs like an appliance purchase.
  • Use for business purposes - Yes, these can be used by businesses as well. In place of following lengthy process of business loans, use this option.
What are the purposes of quick loans?
  • Avoid credit card debt or overdraft - In place of using high-interest debts like credit cards or taking an overdraft, borrow through affordable personal loans.
  • Bridge short-term cash gaps - Anything from paying for an urgent medical need to paying for a deposit for a car purchase to get the best loan rate.
  • Use as a debt consolidation loan - Borrow and pay several small debts, as a result, you will have to pay only one instalment for this instant loan.

Can I get quick loans in Ireland for bad credit?

Yes, you can get a loan if you follow the tips below. These tips help you apply safe and improve your creditworthiness to a lender.

  • Check your credit report - With already a bad credit score, if an error stays on your credit report, a lender can reject your loan application. Hence, check the report and make sure all your financial details are mentioned accurately without any skips or errors.
  • Keep your documents ready - Make a list of documents beforehand to make sure you don't skip any required details. Otherwise, either lender can reject your application or limit the loan amount and offer a high interest rate.
  • Show income regularity and stability - Regular income is vital to get a loan quick online with poor credit. The last six months of salary or earning proof is a decisive factor and proves your repayment ability. This is what makes lenders approve funds even on a low credit score.
  • Pay bills on time - Make sure your payment record of recent six months is perfect. Timely payment of bills and debts helps get approval. If you can't pay all bills on time, at least 70% to 80% of obligations should be paid on time.
  • Apply for an affordable amount - Due to poor credit score, a lender cannot offer you a big loan amount. Hence, mention an amount you can actually afford. Use our free loan calculator to know your affordability.
  • Choose lenders with fast digital procedures - No need to waste time applying to multiple loan companies one by one. Online broker platforms give you faster access to multiple loan lenders in a few minutes. Compare and decide on the suitable one.
  • Understand the terms clearly - Some loan providers may try to charge hidden fees or an upfront fee that may be unnecessary. Hence, before you finalise a loan agreement on quick personal loans, read it properly and ask the relevant questions.

What are the pros and cons of quick loans online?

With the following rational comparison of advantages and disadvantages, you can make a better decision before applying for quick cash loans online.

Advantages Disadvantages
Instant approval decision Higher interest rates
No documentation Short repayment terms
Useful for emergencies Smaller loan amounts
Quick comparison via brokers Not for long-term needs
Flexible repayment options Late payment penalties

How do I choose the best quick cash loans online?

Follow the suggestions below to find and choose the best loan deal among the numerous loan offers offered by varied lenders.

  • Identity why you need to borrow money - The best way to get quick emergency loans is by understanding your needs, as every requirement has specific financial needs for money. You can calculate the amount you need for a purpose, such as a sudden rush to a city nearby for a funeral.
  • Compare lenders as per interest rates - You can get to know about interest rates only if you compare between loan agencies as per interest rates and repayment plans. This is how you can compare the cost precisely and find an affordable deal.
  • Check the tenure and repayment terms - Tenure directly affects the repayment terms and instalment size. Finding a budgetary deal of repayment plan is the best way to get an instant cash loan in 1 hour.
  • Check eligibility criteria before applying - Although for such fast loans, all lenders have easy and flexible eligibility criteria. But you should always check it first before applying, as even the minor differences in qualifying conditions can make a difference.
  • Verify the legitimacy of the lender - It is very important to know if the lender has a legitimate image or not. Read reviews and feedback, as it actually reveals the other side of the coin. You will get to know if other borrowers are satisfied with the lender or not.
  • Use a loan broker - Every lender presents its loan solutions as the best options in the industry. But you need to compare multiple loan companies and their offers. Hence, a loan broker can better compare between lenders so that you can have fast approval loans.

What repayment methods are used for quick loans?

In online lending, the following repayment methods are used to collect instalments.

  • Direct auto debit is the most common way to collection repayments.
  • Bank transfer or card payment too are used for the purpose.
  • A single lump-sum debit is used by some lenders for small loans.

Note: Lenders of a quick small loan may or may not take an early repayment penalty. This is something you need to confirm with the lender before accepting the loan agreement.

How do lenders make an approval decision on an application?

Lenders use several factors for affordability assessment. The following are the ways you need to know.

  • Recent payment record of timely and delayed payments.
  • Income and affordability checks to know your creditworthiness.
  • Identity and residency verification
  • Bank transaction analysis through bank statements
  • Residency and identity verification

A broker finds the lenders for you with relevant lending criteria.

How does a loan broker offer better deals than individual lenders?

A comparison below will prove to you how and why Givemyloan offers better quick personal loan offers than individual lenders. If a lender offers an APR of 18.5% the broker finds you the loan companies with a maximum APR of 14.6%.

Loan broker Individual lenders
Compare deals across multiple lenders May misguide you, even about their own loan offers
Matches loan seekers with the right lenders Show other genuine lenders as expensive or fake
Bargain for you on interest rates Act stringent in the name of customised deals
Get transparent comparisons Get biased deals with biased information

Why choose Givemyloan as your quick loan broker?

Our platform is ideal to compare regulated Irish lenders, offering transparent loan deals and several other features that make us dependable. These include:

  • Faster approval process - We find you only those lenders that offer speedy approval decisions and process fund transfer faster.
  • Unbiased loan offer suggestions - Get to know about multiple loan companies without a transparent comparison of interest rates.
  • Single application but multiple loan offers - You send one application through us and receive a loan quote from multiple lenders.
  • Better bargain on your terms - In case you have any concerns about loan cost or repayment plans with your shortlisted lender, we bargain for you.
  • Useful for bad credit or limited credit history - We have plenty of dedicated loan options, irrespective of credit score status.
  • Your credit score remains safe - When we find relevant loan offers, we use a soft check to offer you quick loans with no credit check.
  • Personalised loan matching - Not every borrower has the same financial conditions. Hence, we find you loans as per your individual requirements.

Your concern about getting quick cash loans will be solved quickly with Givemyloan. We find out lenders that provide personalised deals as per your repayment ability. Advanced financial tools, such as an eligibility checker and a loan calculator, help you apply for the relevant loan offers. Get budgetary offers and pay back in small instalments. Every time you need instant money, contact us and we will get you the most economical deals in a few minutes.

Compare Regulated Quick Loan Offers

Frequently Asked Questions

Are quick emergency loans suitable for urgent expenses?

Is it possible to get an instant cash loan in 1 hour in Ireland?

Do lenders offer quick loans with no credit check?

Can I apply for a quick loan online 24/7?

How long does it take for loan approval and payout?

What happens if I miss a payment?

How much can I borrow, minimum and maximum amounts?

Will there be any hidden fees applicable to quick loans?