Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Here’s How It Works

Our short-term loans are designed to help you manage unexpected expenses between paydays.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £200 for 28 days. One total repayment of £244.80. Interest: £44.80. Interest rate: 292% pa (fixed). 1294.1% APR Representative.

Apply for up to £1000† (£1500† for returning customers).

If approved, get cash sent within 10 minutes after approval.§

Repay over 1, 2 or 3 pay periods, if eligible.

What We Offer

With Vamoola, new customers can apply for a loan of up to £1000† (returning customers can apply for up to £1500†). Once approved, money will be sent to your bank account within 10 minutes after approval. If your bank does not support faster payments, it may take longer for funds to reach your account.

If we are unable to verify the bank account details provided in your application, we will ask for additional information before processing your loan. Once your application is complete, you’ll be able to view your contract and loan details on your online account. You’ll receive an email from us as soon as your loan has been funded.

We can help anyone in any kind of situation to find credit. A bad credit history is not something that will hold us back from finding you the perfect plan to suit your needs. Even if you are on benefits, blacklisted or have no job we can help.

Applying with Vamoola

New customers can usually complete our online application form in just a few minutes. Returning customers can apply from their online account with just a few clicks.

What information do we request on our application?
• Address information
We ask for your address so that we can verify your identity when we review your application.

• Employment information
We ask if you are currently employed and receiving regular paycheques before considering your application. We will not contact your employer — instead, we use third-party services to verify employment.

• Financial and monthly expense information
Information about your income and expenses gives us a picture of your financial circumstances, which helps us provide you with a suitable loan offer.

• Bank account information
If approved, we use this information to send your money to your bank account within 10 minutes after approval.§

What are the repayment options and methods?
On the application, you may be able to choose to repay over 1, 2 or 3 pay periods. Once you sign your contract, we will ask you to set up your repayment method. You can either link a debit card for your repayments or authorise direct debit from your bank account. We will then collect repayment(s) from your preferred repayment method on the date(s) listed on your contract. Your loan won’t be funded until you have authorised a valid repayment method. For more information on your repayment options, and for details on the cost of borrowing, visit our Rates & Terms page.

What are the loan decisions you might receive?

Approval

If you’re approved, your loan will be funded within 10 minutes after approval.§

Under Review

If your application is under review, we may need more information from you before making our loan decision.

Decline

If your application is declined, that means we are currently unable to offer you a loan. You’re welcome to log in and apply again at any time in the future.

Note: Loan applications are recorded on your credit report. Too many such records within a short period of time can be viewed as a red flag by those checking your credit.

Note: Loan applications are recorded on your credit report. Too many such records within a short period of time can be viewed as a red flag by those checking your credit.

Eligibility Requirements

UK Bank Account

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You must have a legitimate bank account with a UK provider.

Fully Employed

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You must be in full-time or part-time employment and receiving regular paycheques.

UK Resident

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You must currently live in the UK and be fully registered to a UK address.

18 Years Old

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A minimum age of 18 applies to all loans and applications.

Repayment

If approved, you will repay your loan over 1, 2 or 3 payment periods.

1 Period

Your loan amount and accrued interest are due on your repayment date.

2 Period

Your accrued interest is due on your first repayment date. On your second repayment date, you’ll pay your loan amount plus additional accrued interest.

3 Period

Your accrued interest is due on your first two repayment dates. On your third repayment date, you’ll pay your loan amount plus additional accrued interest.

Remember, you can also pay early at no additional cost. This can help you save money by reducing the amount you pay in interest.

Additional Borrowing Options

There are several additional options that may be available to customers with active loans. In addition to early repayment, which can be done at any time and at no extra charge, customers may be eligible for a Top-Up or extension.

Top-Ups

If you have an active loan in good standing, you may be eligible for a Top-Up on your loan if you have principal remaining on your approval limit. If you apply and are approved for a Top-Up, you will repay your original loan amount, plus Top-Up, interest and any fees, either according to your current repayment schedule or in conjunction with an extension.

Extensions

If you need more time to pay back your loan, you may be able to request an extension by logging in to your online account. If approved for an extension, you’ll be able to extend repayment of your loan’s principal by either one or two additional pay periods. You will be assessed daily interest for this additional time. You can apply for a maximum of two extensions per loan, for a maximum total loan duration of three periods.