Emergency loans from Uncle Buck can be used to borrow up to £1,000 to pay for an urgent expense that one has not budgeted for. There are some emergencies that cannot wait and need to be addressed immediately.

There may be no time to wait for your pay cheque at the end of the month and this is where an emergency loan can tide you over. If approved, you can receive the money in one lump sum directly to your bank account helping you to pay for your urgent expense. Your repayments are then spread over regular instalments to allow you some breathing space to get back on your feet. Plus, you always have the option to repay early if you wish and may receive a rebate of interest when doing so.

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Common emergency expenses that require immediate funds can include:

  • Car repairs
  • Broken boilers
  • Pet medical bills
  • Plumbing problems
  • Holes in the floor or ceiling
  • Broken bed, furniture, oven or fridge



Why Would You Need an Urgent Loan? 

One of the main reasons that you may need an urgent loan is because it can be one of the fastest and effective ways to obtain an injection of cash. Whilst there may be cheaper alternatives available which should always be considered such as borrowing from family or friends or waiting for your next payday from work, this is not always fast enough to tackle the situation.

Borrowing from family can be a reliable and trustworthy source of finance and is usually interest free. However, your siblings or parents may not be available to give you the money you need straight away or the exact amount you need.  You also need to think carefully about the impact it may have if you struggle to pay the loan back.

By applying for an urgent loan through Uncle Buck, we understand that time is of the essence. Our application process takes around 5 minutes to complete and we provide you with a provisional loan decision within seconds of applying. Since we transfer funds every 15 minutes between 6am and 11pm every day, successful applicants can typically receive funds within one hour if approved before 11pm

You also get to choose the amount you need for your emergency expense (up to £1,000) and are asked to select repayment dates in accordance with your pay dates so that your loan and interest can be repaid on the most convenient days for you.


Representative Example

Loan Amount (for 4 months)
Three Repayments of
One Final Repayment of
Total Repayment
Interest Rate
292% pa (fixed)
1244.0% APR

How to Apply for an Emergency Loan with Uncle Buck 

Customers can apply for an emergency loan online using their desktop PC, mobile phone or tablet. You are required to fill in a few details about yourself, your employment, your income and expenditure and your bank details – so be sure to have your debit card details handy.

The initial criteria to be eligible for a loan is:

  • Over 18 years of age
  • UK resident
  • In employment (full-time or part-time)
  • Valid debit card
  • Your salary is paid into your bank account
  • Working email address and mobile phone
  • Not currently in debt management, individual voluntary arrangement or under any bankruptcy proceedings.
  • Agree to a credit check

Once you have completed and submitted our application form, your information will be run through a series of individual, credit and affordability checks to determine your eligibility and ability to repay the loan.

Credit Checks: We carry out credit checking using credit reference agency data from TransUnion. This allows us to get an idea of how well you have used credit in the past and how much debt you have outstanding. We assess your creditworthiness to decide whether or not you are suitable for a loan and how much you can borrow.

Affordability: It is important that we review your income and expenditure to determine your ability to repay. We need to confirm that if approved you can afford to borrow a short term loan and make repayment without falling into financial difficulty. It is common for individuals to apply to borrow as much as possible, but our effective affordability checks will determine how much we believe you can afford to repay and you may be offered less than you applied for.

If your application has been successful and no other further information is required, we can get your loan ready for funding in one lump sum which is then transferred to your bank account usually within 15 minutes of acceptance (if approved before 7pm).

What Happens If You Cannot Repay? 

Failing to meet repayments on time can incur additional fees. We usually allow you 3 days for a late repayment to come through. We understand that sometimes people get paid late from work or it can take time for your salary to be credited to your account. However, if your repayment falls into arrears, you may be charged a one-off missed payment fee of £15 and daily interest will continue to accrue on your loan.  Your loan is a rate capped product which means you will never be required to repay in total more than twice the amount you borrowed.

Furthermore, we report payment information including missed and late payment to credit reference agencies and this may cause your credit score to fall. It is important that credit bureaus are kept up-to-date with your credit information so that future creditors can see your financial status. A lower credit score may compromise your ability to obtain other forms of finance in the future including credit cards, personal loans and mortgages.

For this reason, it is important to consider how you are going to repay your loan instalments. Customers typically use their income from work and it is essential to put money aside towards your loan repayments. It is not advisable to take out other loans to help you repay as this can lead to an unsustainable spiral of debt.