Online loans £50 To £2000

The Best Loans In Then Market

How much?

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

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Quick and Easy Process to the money you need. The most reliable lenders from across all the UK

Loan amount
1,500 - 25,000
Loan term
1 - 5 Years
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
Gold Trusted Service - feefo
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Loan amount
500 - 25,000
Loan term
1 - 5 Years
Gold Trusted Service - feefo
Apply Now

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Loan amount
500 - 25,000
Loan term
1 - 5 Years
Gold Trusted Service - feefo
Apply Now

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Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

A Complete Guide To Enjoying The Best Loan Rates In The UK

If you want to secure the best loans in the UK today there are several ways in which you can go about it. First is through a guarantor, which is basically a person who will agree to support your loan application so lenders can grant you that low interest rate that you are looking for. But if you simply can’t provide one, there are still other options that you can look into and there are even those that provide instant approval even if you have bad credit. With that being said, here is your complete guide to enjoying the best loan rates available in the UK today.

The Best Loan Rates With No Guarantor!

With the right no guarantor loans, you can enjoy the best loan rates and more in the UK today that will help you take control of your budget and work towards a better financial future. When you choose a lender that provides loans with no guarantor, make sure that it’s a company that offers:
• The lowest APR in the market
• Instant pre-approval
• Repayment terms that are ideal to your needs and budget
• Simple and seamless loan applications
• Quick payouts
The advantages that you can enjoy with no guarantor loans
There are plenty of no guarantor options that you can look into if you want to enjoy the best loan rates in the market. But it’s not just a competitively low interest rate that no guarantor loans can offer. The financial products also provide borrowers with several unique advantages such as:
You don’t need to find a suitable guarantor
Finding a suitable guarantor who will agree to co-sign your loan deal and cover your loan’s repayments in the event that you default from them is pretty difficult. And if you do manage to find someone who is willing to trust you in entering into a credit agreement, that person needs to meet a strict eligibility criteria first in order to be qualified. Normally, for a person to be considered as a guarantor by a bank or lender he must be:
• At least 18 years of age although most lenders will need the person to be at least 21 years old
• Must possess a strong credit rating
• Has a reliable source of income that is enough to cover your loan’s repayments in the event of a default
• Must be a homeowner in some cases
• Financially independent from you
It really is quite challenging to secure a guarantor which is why no guarantor loans with their ability to help you enjoy the best loan rates is always the better choice.
Hassle Free
There are plenty of no guarantor loans like online personal loans that you can access over the internet. This loans are very easy to obtain and the applications process is quick and seamless. If you are qualified, you will normally receive an approval response from your lender in a matter of minutes. And once your loan agreement has been legally signed and agreed upon, you will see the loan amount transferred into your bank account after a few hours or in the next business day. It’s that quick and easy!
What’s more, lenders providing online no guarantor loans are also more lenient than banks and traditional lenders which means getting approved for the best loan rates is easier. You can even enjoy convenient funding even if you have bad credit or still do not have one.
Great for emergency use
If you need to secure the best loan rates right away to deal with emergency expenses such as car repairs and medical bills, you can simply apply for a loan with any lender that you choose without having to consult your guarantor first. In times of emergency situations, time is of the essence and no guarantor loans are exactly designed for them.

The Best Loan Rates Using A Guarantor.

Now if you can source out a guarantor on your behalf, then it would become even better for you. The guarantor is someone who is suitable to co-sign your loan application and with his presence, you will pay lesser in interest compared to majority of other loans that are available to you based on your credit situation. What’s more, your chances of getting approved is good as long as your guarantor meets the proper eligibility criteria.

The best loan rates guaranteed?
When you apply for a loan, the bank or lender will evaluate your application based on a set of criteria that will help them gauge your ability to repay your loan. This criteria includes your income, credit history, and present assets. Once you fail to satisfy one or a few of the said criterion, chances are, your application will become rejected. This is where guarantor loans can help you the most – in guaranteeing that you get the best loan rates and chances of approval.
A borrower who doesn’t meet the lender’s criteria will automatically be considered as a risk for default. With the help of a family member or friend who will serve as a guarantor, you are providing a viable security in the part of the lender which is something that they are looking for when a borrower is considered as “risky”. The guarantor basically co-signs your loan deal and will agree to accept responsibility for the repayments if you default from them.
With the presence of a guarantor in your loan deal, your risk level decreases helping you enjoy a lower interest rate. A lower interest rate means that the loan will cost you less which could help you pay it off faster.
How a guarantor loan will cost you?
Normally, guarantor loan lenders in the UK will allow you to borrow anywhere from £50 to as much as £10,000 with APRs ranging from 39.9% to 199%. The interest rates are significantly lower than many bad credit loans but are a bit more expensive than personal loans and secured loans. But the costs becomes even more satisfying when you consider the fact that guarantor loan lenders will cater your need for funding even if you have:
• CCJs
• Defaults
• Late payments
• Missed payments
• Poor Credit score
They are also some of the best loan rates that you can find for short-term loans in UK’s credit market.
Who can be your guarantor?
So if you have bad credit or have an inadequate credit history, offering a guarantor in your loan application can be a great way to secure the best loan rates in the market. Anyone can be a guarantor – a family member or close friend – but the person must be:
• At least 18 years old (some lenders require them to be over 21)
• In full time employment
• Has a solid credit score
• Someone other than your spouse
• Someone who is financially independent from you
Your guarantor will have to shoulder your loan’s repayments in the event that you default from it so be sure that the person understands full well what his responsibility is before you ask him to co-sign your loan deal.
III.) The best loan rates from a direct lender
If you’re planning to take out a loan, you want to ensure that it’s the best deal that you can get. While there are plenty of reasons why a certain type of loan can be right for you, the best loan rates are often the ones that provide the lowest APR. The lower the APR, the cheaper the cost you will have to bear throughout the duration of the loan term. With that being said, here are 5 solid tips that you can follow to enjoy the best loan rates from a direct lender.
1.) Determine how much you need
So you can work out the best loan rates available, the first thing that you might want to do is to determine how much money you need and for how long you will need to pay it back. This will make your search a whole lot easier as your loan amount and term are the two primary things that will decide your interest rate. It will also allow you to compare different offers from numerous direct lenders who provide low interest rate loans.
2.) Double check your credit score
Simply put, the better your credit score the higher your chances of landing the best loan rates from a direct lender. Try to get a copy of your credit report and see if there are discrepancies that may have lowered your score. But if it’s still low enough, try to settle your debts, make on time payments, and those other things that can help improve your credit score to favourable standings.
3.) Avoid multiple loan applications
While it may sound enticing to make multiple loan applications to different direct lenders to get a higher chance of approval, it would be wise to avoid giving in to the temptation. Every time you make an application, the lender will conduct a credit check to determine your eligibility. If a hard check is conducted and your application becomes a failure, it will leave a mark on your file and will affect your chances of landing the best loan rates in the future. The best way around this is to rely on a quotation search or soft search which allows you the obtain key information on loans that will give you the best chance of getting approved without putting a mark on your file.
4.) Compare different offers
Take as much time as you need to shop around and compare the best loan rates from direct lenders. This way, it would be easier for you to pick the best loan rates that are ideal to your needs and present circumstances. Aside from the interest rates, you may also want to check out other features like fees for early repayments and the like. You want a loan deal that has zero or very minimal fees and charges involved.
5.) Borrowing only what you need
Direct Lenders will always ensure that your loan deal is something that you can comfortably afford. With that being said, only borrow what you need and no more. Also, a low interest loan can become an expensive one if you continue to be charged with fees and penalties for late repayments and will also affect your credit rating which is crucial in availing for the best loan deals. Getting a loan that is comfortable to your budget will ensure that you make the proper repayments on time.
IV.) The best loan rates if you have bad credit
If you bad credit then you know how difficult it would be to secure a loan much more a financial product with low interest rates. The situation might sound bleak when you find yourself in need of funding and taking out a loan is the only option but there still ways for you to secure the money that you need without incurring hefty APR’s. With that being said, here are the w most popular options that you can consider:
1.) Secured Loans
If you credit score is not impressive enough for banks and other lenders to grant you the best loan rates, you can also try securing your loan with an asset such as your own home, car, boat, savings or even stocks. The lender will use the asset as collateral in case you default from your loan. This means that the lender has the legal right to repossess your loan if you default from it and sell it to recover the money that you still owe them. With a physical security in place, secured loan lenders can offer low interest rates, better terms and access to larger amounts of money.
The amount you can borrow and the kind of loan term you can avail will be determined by the value of your asset that you put up as collateral. This is why your home is often considered as the best piece of collateral that you can use to be approved of a secure loan and enjoy the best loan rates that you can find.
2.) Online Personal Loans
The advent of the internet and a huge gap in the loan industry has paved the way for personal lenders, a new market than has provided loans to borrowers in the UK with low credit scores. These lenders operate online and offer the best loan rates for different funding purposes like home repairs and debt consolidation. Aside from offering competitively low rates for people with bad credit, they also provide quick and easy loan application processes. The approval time is almost instant and funds can be deposited into your bank account after a few hours or the same day. There are also no application or pre-payment penalties involved whatsoever.
Filling out an online application is also seamless and straightforward. Lenders also do not focus purely on your credit score but on other aspects of your eligibility such as your income level making it an appealing choice if you are looking for the best loan rates for bad credit.
V.) The best loan rates in the UK and the best loan rates with instant approval
But aside from the rate, you may also want to consider getting a loan that provides instant approval. This can be particularly beneficial if you are in an emergency situation and you need the money right away. Now if you are looking for a loan that provides the best of both worlds, then online loans are financial products that you may want to look into.
Online Loans
Before, when you wanted to take out a loan, you would normally visit your local bank or credit union to get the funding that you are looking for. This meant that your options are pretty limited and sometimes getting rejected is quite a norm especially if you have bad credit. This leaves a lot of people in the UK who are in need of a loan searching for a lender who will cater their funding needs. Thankfully, the advent of the internet has opened a new market in the form of online loans. But why would you consider them as solid options?

Here is why:
1. Online lenders normally provide competitive rates that are often lower than those provided by banks and other mainstream lenders. This means that getting the best loan rates would be easier.

2. The application process for an online loan is quick and easy. There are no paperwork involved and there is no need to fall in long queues since the entire transaction is conducted online. The turnaround time is a lot faster than banks and traditional lenders. Normally, you can complete a loan transaction and get the funding that you need in just a single day.

3. And because they are offered online, you can access the loans anytime you want wherever you are in the UK. This makes the products the perfect options for dealing with emergency situations.
People with CCJS can even become approved although getting the best loan rates might be difficult if you are in this kind of situation. Nevertheless, whatever your present circumstances may be, you can easily find an online lender who is willing and ready to cater your need for a loan.

5 most recent personal loan reviews

Review of Bridge Finance

This is my second loan with Bridge Finance and both times they have been very helpful and informative. Explained everything to me and made sure I understood the process and what would happen. I would recommend Bridge to anyone.

Review posted by Charlotte Ashton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wesleyan Bank

Wesleyan loans are a financial institute which is excellent for applying for loans. It looks at all your circumstances and provide loans to people who are refused elsewhere. They are fast and honest. I would recommend Wesleyan loans to anybody who needs a loan.

Review posted by Zafrullah Khan, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Logbook Loans

Really happy with my experience with Logbook. Most of the process was done online from the convenience of my own home. Really friendly customer services too! Highly recommended.

Review posted by Bethany Holcombe, Cirencester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews are sourced from Trustpilot.com for authenticity.