WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

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

Show More ▼

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

Show More ▼

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)

Best Loans – Comparing the available options so you can find the loan that is perfect for you!

There are plenty of important things in life that will require you to spend a significant amount of money on but if you currently don’t have the money, loans can help. From purchasing a new house or car or setting up your child for college, taking out a loan is surely something that you will need to consider form time to time.

But the vital question that you need to answer now is: what kind of loan should you apply for and for what amount? There is certainly a wide array of loans that you can consider in the UK lending market today and to find the best loans that offer the right deals, you will need to compare the available options.

When you compare loans, it would be easier for you to land the ideal funding option that suites your present needs and circumstances best. For example, if you are looking to purchase a new car, should you consider an auto loan or a personal loan? If you want to access large amounts of credit should you secure it with an asset or not?

Securing the best loans available is crucial as it will help guarantee that you will be enjoying the most affordable rates and favourable terms. With an expensive APR or unfriendly term, there is a high possibility that you will be harming your finances in the long run. Below, you will know some of the best loans in the UK so you will know which one is perfect for you and your finances.

why get the best loans

Reason to take out the best loans

So you can successfully compare loans and limit your search to the best loans, it’s important that you determine what your reason for funding is. Majority of borrowers in the UK apply for additional funding because they don’t have enough money in their account to address major purchases and there are those who do so because they are caught up in an unforeseen emergency situation.

The best loans in the UK can help you address numerous financing needs and purposes like:

  • Purchasing a new car
  • Consolidating debts
  • Covering unexpected costs
  • Medical bills
  • Home Enhancements
  • Clearing off credit card balances
  • School related costs
  • Birthdays, Christmases, and other important events and gatherings
  • Financing a business
  • Weddings and vacations

What are the best loans that you can access in the UK

There are certainly numerous types of financing solutions in the UK, each one having its own unique design and purpose for funding. All of them, including the best loans, however, can either be secured or unsecured.

  1. Secured Loans – The best loans that are secured involves collateral and this means that you will be required to offer an asset of value – generally your house or car – to assure that the money you borrowed will be paid back in full. In case you default or miss out on your repayments, the lender has the legal right to forfeit or seize the collateral and use it in whatever purpose to recover the money that was lost.
  2. Unsecured Loans – The loans are in contrast to its secured counterparts in a way that there is no need to back your credit agreement with collateral. But because there is bigger risk in the part of the lender, the best loans that are unsecured tend to have higher interest rates than those that are secured. The borrowing amounts are also lower and you will normally need to have a stellar credit rating to become approved.

The best loans that are secured

If you are looking for the best loans that are secured in the UK, here are a number of popular options that you can consider:

  • Auto Loans – The forms of financing are used to help borrowers own a brand new car that they can slowly pay back in an agreed period of time with a set term and payment conditions. If you are unable to keep up with the agreed repayments, you may lose ownership of the car.
  • Business Loans – These are the best loans that you can look into if you want to jump start your business of the ground or want to secure funding for your business’s growth and expansion. Overall, you can use the financial products for any business related financing need and purpose.
  • Savings Loans – The amount of credit that you can take out is equivalent to 95% of your total deposits or savings. Because the loans are secured, this means that you will risk losing the asset that you put up as collateral and in this case, your bank savings.
  • Home Equity Loans – The best loans that are secured on your home’s equity allow you to access credit in lump sump and pay it back through fixed installment payments. Because the asset offered as collateral has high value, you can generally avail some of the best rates and terms in the market through a home equity loan.
The best loans that are unsecured

If you don’t like the idea of risking your hard earned assets in a credit agreement, then you might want to look at unsecured options. Some of the best loans that are unsecured in the UK include:

  • Personal Loans – The loans can be used for any personal need or reason whether it means covering a home improvement project or taking a long trip abroad. To access the best payday loans in the market, you will generally need to possess an excellent credit score and a strong income level.
  • Student Loans – These are the best loans that students can use to help them advance their schooling and are offered by both Government and Private institutions. However, you will access varying rates and loan terms and conditions as well depending on where you take out your student loan.
  • Short-term online loans – The types of financing are generally designed for emergency use which means you can access them with relative speed and ease. In fact, you can expect to enjoy same day funding after accomplishing a short online application form that can take less than 15 minutes. What’s more, the loans can also cater applicants with bad credit so long as they can afford to pay back the money that they intend to borrow. The loans however, tend to have higher interest rates than the rest of the other options in UK’s lending market.

In the end, the best loan will depend entirely on your present needs and circumstances. If you own some high value assets and are comfortable in offering them in a credit agreement, then go ahead and apply for secured loans as they can help you access bigger amounts of borrowing with lower interest rates and better payment terms. Just make sure that you can pay back the money that you borrowed however, as there is a real risk that you will lose your asset in case you default from your loan.

why get the best loans

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.