How to Looking for a Quick Loan? Try Solus

Quick loans are designed to offer fast financial help during emergencies. At Solus, borrowers can access loans ranging from £1,000 to £5,000, making it easier to manage urgent expenses like car repairs or medical bills. Once approved, funds are typically sent within 90 seconds—though the time it takes to appear in your bank depends on your bank’s processing speeds.

Monthly Repayments Example

• Monthly repayment: £112.60

• Representative Example: Borrowing £1,000 over 18 months at a fixed interest rate of 59.9% p.a. and a Representative APR of 79.9%, your monthly payment would be £85.56. The total amount repayable would be £1,540.08.

Please note: Loan approval is not guaranteed. All applications are subject to affordability and credit status checks.

Why Choose Solus?

• Fast payouts: Receive funds in as little as 90 seconds after approval (bank delays may apply).

• Flexible terms: Choose repayment plans of 12, 18, or 24 months.

• 24/7 application process: Apply online at any time with instant decisions.

• No hidden charges: Transparent fees and terms from the start.

What Is a Quick Loan?

Quick loans are short-term financial products designed to address immediate cash needs. Whether you’re faced with unexpected bills, car breakdowns, or home repairs, a quick loan can offer relief when savings aren’t available. These loans are typically provided by online lenders and are accessible through simple digital applications and fast processing.

How Do Quick Loans Work?

Quick loans are structured similarly to other short-term loans:

1. Apply online with an FCA-authorised lender like Solus.

2. Meet basic eligibility requirements (UK resident, bank account, income).

3. Application reviewed for affordability and creditworthiness.

4. If approved, money is transferred to your bank—often within minutes.

5. You repay in agreed instalments—missing payments can result in fees and affect your credit.

At Solus, affordability is key. Even if you have poor credit, you may still be eligible based on your financial situation.

Eligibility Criteria for a Solus Quick Loan

To qualify for a Solus quick loan, you must:

• Be at least 18 years old

• Live in the UK

• Have a monthly income of at least £500 (net)

• Hold a valid UK bank account and debit card

We’ll conduct credit and affordability checks to make sure repayments are manageable for you.

How to Apply for a Quick Loan with Solus

Once you’ve confirmed your eligibility:

1. Click “Apply” on the Solus website.

2. Fill out the online form with your loan amount, personal, employment, and bank details.

3. Application review typically takes 15 minutes or less.

4. Solus will run a soft credit check and assess your financial commitments.

5. If approved, funds are sent within 90 seconds—actual arrival may depend on your bank.

What Can I Use a Loan For?

Solus quick loans are perfect for emergency expenses, including:

• Car repairs

• Boiler or urgent home repairs

• Funeral or memorial costs

• Last-minute travel or medical needs

These loans  interest rates are not intended for ongoing borrowing or long-term financial dependence.

How Do Repayments Work with Solus?

Repaying your Solus loan is straightforward:

• Log into your online account to monitor payments.

• Make payments via:

  • Continuous Payment Authority (CPA)

  • Debit card

  • Google Pay / Apple Pay

  • Bank transfer (use your Solus account number as reference)

Early repayments are allowed without penalty and can save you money on interest.

Missed payments incur a £12 late fee and may impact your credit score. Always reach out if you're struggling.

What Happens If My Loan Application Is Declined?

Loan approval is never guaranteed. If you're declined, it may be due to:

• Ineligibility based on Solus’s requirements

• Insufficient income or affordability concerns

• Poor credit history

If declined due to credit reference data, you'll receive a notice including which agency was used so you can check your credit file.

Can I Get a Quick Loan with Bad Credit?

Yes, you can. Solus considers more than just your credit score. If you meet the affordability checks and other criteria, you may still qualify—even with a poor credit history.

Frequently Asked Questions

How can I borrow money in a quick?

Apply online with a direct lender like Solus. After submitting your information, you’ll receive a fast decision. If approved, funds are transferred quickly to help cover your urgent expenses.

What documents do I need to apply?

Solus’s process is digital—no paperwork required. Provide your personal and employment details; ID verification is done electronically.

Are quick loans the same as crisis loans?

No. Crisis Loans were government-funded but are now discontinued. If you're on benefits, you might qualify for a Budgeting Loan instead.

Will taking a quick loan affect my credit score?

Yes. Timely repayments can improve your credit, while missed payments will negatively affect your score.

How quickly will I get the money?

If approved, Solus sends funds within 90 seconds, though your bank’s processing may delay actual receipt.

Can I have more than one quick loan?

It depends on your financial status and the lender’s policies. Avoid multiple loans at once to prevent financial strain.

How does Solus compare to payday loans?

Solus offers larger loan amounts (£1,000–£5,000) and longer terms (12–24 months), unlike payday loans which require full repayment by your next payday.

What if my finances change after borrowing?

Contact Solus as soon as possible. They may offer options to help you manage repayments.

Do I need a good credit score?

Not necessarily. Solus assesses income, expenses, and overall affordability—not just your credit score.

Will I need a guarantor?

No. Solus does not require a guarantor. All decisions are based on your own financial circumstances.