24 Hour Loans
24 hour loans from Monixa let you apply online any time of day and receive cash in your bank within 90 seconds†, if approved. Whether it's a weekday, weekend, or bank holiday. We're an alternative to payday loans and here to help whenever you need an emergency financial support.
Representative APR 1230%
Loan calculator
Select your amount and term to see example repayments.
Representative Example: Given a Representative APR of 1230%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £100. You will repay £600 in total.
Quick summary
- Borrow £200 to £1,500
- Repay over 3 to 6 months
- Soft search eligibility check
- No hidden fees or early repayment penalties
Please be aware that the figures displayed are an example. The amounts applicable to your loan may differ depending on the length of time between the date of the loan and the first repayment.
Representative APR 1230%
Applying won't affect your credit score (unless you actually take out a loan).
Why Choose Monixa for 24 Hour Loans?
Direct Lender
Monixa is an FCA-authorised direct lender, not a broker. You deal with us from application to repayment. There are no middlemen and no confusion. Your application stays with us and we make all the decisions.
Borrow £200 to £1500 with Instant Decisions
Choose a loan amount between £200 and £1,500 to suit your needs. Once you submit your application, you'll receive a decision in seconds. If approved, your loan offer is ready to review. It shows what you're offered with interest rates and total cost clearly shown.
Flexible Repayments Over 3 to 6 Months
Spread your loan repayments over 3 to 6 monthly instalments with a fixed repayment schedule. This gives you breathing room instead of the pressure of repaying everything in one go like with a payday loan. You stay in control with a plan that fits your budget.
No Hidden Fees or Early Repayment Penalties
With Monixa, what you see is what you pay. There are no hidden fees, no upfront fees, and absolutely no early repayment penalties. Want to clear your loan ahead of schedule? You can, at no extra cost. Our interest rates are fixed, so you always know what you owe.
Representative APR 1230%
What Our Customers Say About Us?
Representative APR 1230%
What Are 24 Hour Loans?
24 hour loans are short term loans designed to give you quick access to cash at any time, day or night. They're built for people who need money fast and can't afford to wait for traditional banking hours.
Unlike personal loans from high street banks that can take days or weeks, 24 hour loans use online technology to speed up the entire application process. You apply from your phone or computer, get a fast credit check decision, and the money goes straight into your bank account.
These loans are typically repaid in fixed monthly instalments rather than a single lump sum. This makes them far easier to manage than a standard payday loan and better suited for anyone who wants a clear repayment plan and predictable monthly repayment amounts.
How Do 24 Hour Loans Differ from Payday Loans?
The difference matters and it's bigger than most people realise. With a traditional payday loan, you're expected to repay the full loan amount plus interest on your very next payday. That short turnaround can create real financial strain if money is already tight.
24 hour loans from Monixa work differently. As an instalment loan, we let you spread the cost over 3 to 6 months with a fixed repayment plan. Each monthly repayment stays the same, so you always know exactly what's coming out of your account. Monixa is not a payday loan provider. We offer repayment terms designed to reduce pressure, not add to it.
Representative APR 1230%
Who Can Apply for 24 Hour Loans With Monixa?
Our eligibility requirements are straightforward. Most UK adults can apply online for a loan with Monixa as long as they meet the following requirements:
Be aged 18 or over
Be a UK resident with a valid UK bank account
Have a regular source of income from employment
Have an active mobile number and email address
We carry out a credit check as part of our application process, but we do not base our decision on just your credit score alone. We also look at your credit history, your income, and your overall ability to repay. Even if you have a poor credit score or past credit history issues, we still consider your application. Meeting the eligibility criteria does not guarantee approval. All applications go through affordability checks and are subject to status.
Representative APR 1230%
How Do 24 Hour Loans Work at Monixa?
Getting a 24 hour loan with Monixa is quick, simple, and built to save you time. The online application process is easy and take minutes to complete. You can apply 24/7, including weekends and bank holidays. Here is how it works:
Choose your loan amount
Select how much you want to borrow (£200 to £1,500) and your preferred repayment term (3 to 6 months).
Complete the online application
Fill in your personal details, income, expenses, and the loan amount you need. The online application takes just a few minutes.
Get an instant decision
We use open banking data and our own checks to assess your application. Most customers receive a decision in seconds.
Receive your loan offer
If your application is approved, you receive a full breakdown of your monthly repayments, maximum apr (annual percentage rate), repayment schedule, and the total cost of your short term loan.
Receive your cash
If you accept the offer, the funds will be sent to your bank within 90 seconds†.
It is a convenient way to access cash when you need it, completely hassle free. Our 24/7 loans keep the entire process between you and Monixa. No broker, no delays. New customers and returning customers are both welcome to apply.
Representative APR 1230%
Can I Get a 24 Hour Loan with Bad Credit?
Yes, and we genuinely mean it. At Monixa, bad credit doesn't automatically mean you'll be turned away. We understand that missed payments, unexpected bills, or past financial difficulty can happen to anyone and damage your credit score. This is why we offer bad credit loans to people in the UK.
We look at the full picture. We check your current affordability, employment status, and whether you can manage repayments going forward. A poor credit history or low credit rating doesn't define your financial future, and it won't stop you from applying for a 24 hour loan.
We start with a soft credit search, so checking your eligibility won't leave a mark on your credit file. This soft credit check means your credit score stays completely unaffected. A hard credit search is only recorded if you accept a loan offer.
Representative APR 1230%
24 Hour Loan Repayment Terms
Monixa offers clear and flexible repayment terms on every 24 hour loan. You choose whether to repay over 3, 4, 5, or 6 monthly instalments, whichever suits your budget and income cycle best. Each monthly repayment stays the same throughout your loan. There are no changing amounts and no surprises. This fixed repayment plan helps you budget properly and stay in control of your finances.
We also offer flexible loan options if your situation changes. If you're able to repay early, there are absolutely no penalties. Our loan repayment terms are designed to give you control, not create further financial strain.
Remember: late repayment can cause you serious money problems, so only borrow only what you can realistically afford.
What Happens If I Miss a Payment?
If you think you might miss a payment, the most important thing is to contact your lender immediately. If you have a loan with us, contact us as early as you can. We'll work with you to find a solution rather than let the problem grow. Late repayment can cause you serious money problems and may lead to further financial strain. A maximum default fee may apply to your account, and missed payments can negatively affect your credit score and credit file. This could also make it harder to get approved by other lenders in the future.
How Much Can I Borrow with a 24 Hour Loan?
With Monixa, you can borrow between £200 and £1,500. The exact loan amount offered depends on your personal circumstances, affordability assessment and credit check results. We always encourage you to borrow only what you need and can comfortably repay.
Every loan offer comes with a full breakdown of the total cost, including interest rates and the representative APR. There are no surprise charges. You'll see the representative APR, total amount payable, and each monthly repayment figure before you commit to anything.
Before accepting any loan offer, take a moment to review the numbers carefully. Compare the interest rates against other loan options to make sure you're choosing the right product for your situation. We promote responsible borrowing and provide clear information so you can make an informed decision.
Minimum
£200
Repay over 3 to 6 months in equal monthly instalments. No early repayment fees.
Maximum
£1,500
Representative APR 1230%
When Might a 24 Hour Loan Help?
24 hour loans can provide real relief when unexpected costs catch you off guard. Here are some of the most common reasons people come to Monixa for financial assistance:
Car repairs and breakdowns that can't wait. Unexpected car repairs are one of the top reasons people apply
Urgent household bills, boiler failures, or emergency plumbing
Medical or dental expenses not covered by the NHS
Bridging a short-term gap between paydays during financial challenges
Covering urgent expenses when no other financial support is available
A 24 hour loan is not a long-term borrowing solution and should never be used to cover existing debts you can't afford. These loans work best as short-term help for one-off situations. If a payday loan feels like too much pressure, our short term instalment loan approach may suit you better.
If you're facing ongoing money problems or financial strain, seek free debt advice before applying.
Representative APR 1230%
Frequently Asked Questions About 24 Hour Loans
Do You Perform Credit Checks on 24 Hour Loan Applications?
Yes. As an FCA-regulated lender, we perform credit checks on all applications. We begin with a soft credit check during the initial stage, which won't affect your credit score. A hard credit search is only recorded on your credit file if you accept a loan offer and proceed with the agreement. This is standard practice among all responsible direct lenders.
Can I Apply Outside Traditional Banking Hours?
Absolutely. Monixa's application process runs 24 hours a day, 7 days a week, including weekends and bank holidays. There's no need to wait for traditional banking hours. Whether it's early morning or late at night, you can apply whenever it suits you. Other direct lenders might not offer this level of access.
Will Applying Affect My Credit Score?
No. We use a soft search to check your initial eligibility. This soft credit search won't appear on your credit file or affect your credit score. A full credit check is only recorded on your credit history if you decide to accept the loan offer. You can apply with complete confidence and zero risk to your credit score.
How Quickly Will I Receive My Loan Offer?
You'll get a decision within seconds of completing your application. If approved, your loan offer is presented instantly, showing the loan amount, repayment terms, interest rates, APR, and total cost. Once you accept, cash can reach your bank within 90 seconds†. You won't need to chase multiple lenders or wait days for a response.
Can I Repay My Loan Early?
Yes and that too with no penalties at all. If you're in a position to settle your loan ahead of your repayment plan, you're free to do so. You'll only pay interest up to the date you repay, which saves you money overall. This is another way our loans differ from a typical payday loan, where early repayment flexibility is often limited or comes with hidden fees.