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

Instant Online Payday loans

The Best Payday 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.

Why Choose MoneyFall

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
Apply Now

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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)

Compare Bank Loans To Get Cheaper Rates

There are a lot of lenders online and offline but the challenge is – where to find the right one? If you’re one of those who is struggling, there are quite a few alternatives you can try to get the cash you need.

Coming up with extra cash, especially in an instant, is a challenge. Luckily, there are payday loans online which you can rely on during unexpected expenses. With this kind of loan, there’s no need to wait for the next payday and you can address urgent concerns such as medical bills and car repair. Meanwhile, you can compare bank loans if you’re not in a hurry as their advances are cheaper. It is ideal when you want to purchase a property, consolidate debts, or start a business. Regardless of the lender and loan option you want, be sure to run a background check first – especially if a lender you found online. Find out if they are offering affordable interest rates without hidden charges. Also, make sure that they are indeed, licensed lenders. There are a lot of scammers online so it’s important to find out the red flags. Once you’re certain about the loan provider, the next thing you need to worry about is their criteria.

When you want to score loans without the complicated requirements, you can rely on loans online. But if you’re willing to wait for some time and you want to settle cheaper loans, you can compare loans to find out who will match your needs. But before doing so, find out if you’re qualified first.

why compare bank loans

Compare bank loans – what to prepare

  • Age.

– You must be at least 18 years old in order to be qualified.

  • Employment.

– If you’re applying for bank loans, it’s crucial to be regularly employed or self-employed (as long as you can provide the necessary documents).

– Meanwhile, you can get loans online even if you’re just working as a freelancer or on a part-time basis.

  • Income.

– You need to meet the lender’s minimum income requirements.

– Employed individuals are more likely to be qualified when applying for a bank and online loans; however, you can still get loans when you have an alternative source of funds like benefits or a pension.

  • Credit History.

–    If you have a bad credit, most banks will automatically reject your application. Therefore, compare bank loans first to find out which companies are willing to accept your request.

–    Online lenders are more likely to approve your application despite the bad credit. However, it’s still best to acquire a good credit remark to score low-interest loans.

Before you take out a loan, there are important things you need to know for a smooth transaction. This will also help in avoiding confusions or unlikely situations. Here are a few questions you should ask yourself before sending a loan application.

  • What Is The Purpose Of The Loan?

Loans are not for free, thus it’s best used when you have a purpose. Find out why you need an advance and figure out if it’s worth the interest and other charges. No matter what kind of purpose you have in mind, ask yourself if you need a secured loan or not. Are you planning to buy a new property such as a used car? Then it’s best to take UK loans with collateral. Are you in need of quick cash to settle car repairs, for instance? Then you can take out an unsecured advance.

  • What Is the Status Of Your Credit Report?

When you compare bank loans and other lenders, you’ll find out that most of the lenders will accept borrowers with a good credit rating. But still, there are loan providers who are willing to accommodate bad credit borrowers. Nonetheless, it’s important to know the status of your credit rating by getting a free copy of your credit report. A good credit rating can mean having lower interest rates and flexible repayment terms. Meanwhile, a bad credit score means otherwise.

  • What Repayment Term Can You Afford?

The repayment term defines the interest rate and other fees applied as well as the monthly amount of the loan. The shorter the repayment term, the lower the interest rate charge; however, the monthly repayment is a little higher. Meanwhile, choosing a longer repayment term will give you more affordable monthly repayments; however, the interest rate charged is bigger.

  • What Is Your Employment Status?

How long have you been working for your current company? Is your income enough to support the loan? Do you have another source of funds? These things are crucial when taking out a loan since most lenders, especially the traditional ones, are only willing to accept those who are regularly employed and with a high income. Nonetheless, there are loan providers catering loans to unemployed individuals and/or people on benefits. You just have to compare bank loans or online loans to know which one will fit your preferences.

Comparing Loan Options

When comparing bank loans or any other lenders, it’s ideal to have at least three loan providers. Do not rely on the first company you see online rather, take time knowing your options. More importantly, consider these features:

  • Interest Rate

Every interest rate is different depending on the lender and the type of loan you will have. If you want lower interests, you can compare bank loans or go for a secured advance. You can also check various lenders online to find loans with the cheapest interest rate.

  • Term Of The Loan

If you have a timescale for the loan repayment, it’s important to find a lender who will allow you to choose your own repayment date. Many lenders online are flexible when it comes to the loan’s due date. Banks, on the other hand, normally provide a specific timeframe for the loan’s maturity.

  • Fees And Charges

When taking a loan, you should not only look at the loan’s interest but also, the other fees apply. Does it have an upfront fee? Do they charge early and/or late repayments? Are there any hidden charges applied? These things will affect the overall loan amount you need to settle, thus it’s important to consider these things as well.

why compare bank 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.