Get the money straight into your account in just 15 minutes.
It is all online, making everything so very simple to do. Anyone can manage it.
Our sites are fully protected and couldn’t be safer for you to use.
Representative example of the total cost of the loan, including all applicable fees – Typical loan size of £25,000 over 120 months = £275.82 pm, 4.35% Variable APR – 6% (including £1800 in interest) total repayable £33,098
Maximum Annual Percentage Rate (APR) – approx. 24% (lender starting rate 18%) – Typical Apr will be around 8%
*We are not a lender, we provide a free credit brokering service. We will never charge you a fee for using our application.
Simple Application Process
Safe & Secure
Absolutely No Fees
Fully Legitimate and FCA Registered
Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable
It is our ultimate goal to make your lending experience as easy as possible.
If you have any queries feel free to contact our dedicated team of experts today.
Competitive Examples From Other Companies
Representative Example: Amount of credit: £300.00. Term: 91 days. Interest: £155.35. 3 monthly payments of £152.63.
Total Repayable: £455.35. Interest Rate: 292% pa (fixed) Representative APR: 1264%.
The Importance of Online Loans
Online loans, just like online banking, have been in the market for several years; however, not all borrowers are confident with the platform. Most people are still intimidated with how it works so instead of borrowing money conveniently, they go with the lengthy process. Luckily, there are now plenty of good online loans providers to choose from. These lenders are changing the way you borrow, starting from the loan application up to the repayment.
Gone are the days when you have to drive around the city, look for a lender, wait in long lines to get entertained, fill out paperwork, and the list goes on. The time is also limited as most loan offices stop their operation to 4:00 pm, so you have to go early or wait for the next business day just to continue the loan procedure. With online loans, these are not your dilemma anymore since you can send an application and get approved without leaving your post.
While most private lending companies are the ones offering online loans, most banks have also launched their dedicated platform. The question is, how does it exactly benefits you? Below are the top 5 advantages that an online loan provides:
- Numerous Choices
Without the need the change clothes, leave home, or drive for hours, you can compare prices and rates easily. There are a hundred of lenders to choose from and the only thing you have to do is decide which one.
Whether you’re a starter or a long-time borrower, applying online is definitely more convenient than wasting hours lining in banks and talking to different loan officers.
- Saves Time
The basic requirement, which is the online loan application form, only takes minutes to complete. Normally, it will ask personal and financial details such as the name of the borrower, contact details, employment details, bank account, etc.
- Lower Rates
Because of the minimal overhead costs – such as the office supplies, rent, etc – online loans are cheaper. Moreover, the maintenance usually covers the programmer services and server costs.
- Quick Approval
Online loans providers can usually tell their borrowers if they are approved or rejected in an instant. Since their loan application is not as long as the ones offered by the banks, lenders quickly determine how much you can borrow and what repayment term will look like.
As online loan applications become popular, it has become an easy target for people with a mischievous intent on the loan applicant’s confidential details and money. So every time you do a transaction online, be sure to be cautious, especially with the following:
Scammers are everywhere and the Internet is not an exemption. There are fraudsters pretending to be representatives of known companies and once you fall into their trap, they will ask for a cash advance to “proceed with the loan application”. If you’re not aware of them, it’ll be too late to realize that you’ve fallen for a non-existent person.
This happens by inserting codes between the client-server and the applicant’s device. Confidential information – such as the loan applicant’s full name, Social Security Number, bank details, and the like – will be stored using the codes. You can be a victim of identity theft if you’re not cautious enough.
- Loan Sharks
Desperate lenders usually end up getting loans from loan sharks – and these lenders take advantage of their vulnerability by giving unreasonably high prices. So, no matter how frustrated you are with getting an extra fund, it’s a must to compare rates first before affixing your signature to a loan contract.
- Misleading Fine Print
Some lenders employ a malicious method wherein they intend to combine too many information in the loan contract. This confuses and misleads borrowers especially when they’re too lazy to read the entire loan agreement. As a result, they repay hidden charges that they failed to see before signing up.
Online loans certainly have its pros and cons so it’s important to understand what the loan is before getting your hand on the application. If you’re someone who doesn’t want to risk properties or a relationship, the loan might work well on you since it is unsecured. This means that you don’t need to pledge collateral to get approved, thus it is a safer option for your asset. However, failing to repay the loan on time or defaulting on debt results to a lower credit remark. Your car won’t be repossessed or your home won’t face foreclosure, however, creating a new line of credit in the future will become more difficult.
How To Borrow From Online Loans
Acquiring online loans is almost similar to acquiring loans anywhere – only it is less difficult. All you need is a laptop and stable Internet connection. Find a reputable lender since you’ll share a lot of sensitive information such as your Social Security Number, home address, employment details, etc. The loan application process, including the verification, takes about 30 minutes to an hour. Once you’re approved, the lender will send the money straight directly to your bank account. In case your loan application failed, you still have enough time to look for another lender who will assist your needs.
Where To Borrow Online Loans
If you want faster, more convenient online loans, it will come from non-traditional lenders. This means skipping banks and/or credit unions. These main street lenders rarely provide loans in a quicker way.
You can start by typing keywords – such as online loans UK – and compare at least three to five lenders. Do not focus solely on the rates but also, check out the terms and conditions, repayment terms, and customer’s feedback. The reviews of their previous clients are important to know what type of company you will be dealing with, and if it suits your preference. Moreover, find out the Annual Percentage Rate (APR) of the loan to know how much is total amount you will settle. If your time is limited, you may rely on loan comparison websites. This site has already gathered all the necessary details about different lenders so the only thing you need to do is compare and select.
3 most recent personal loan reviews
Simply amazing! Quick, professional and understanding. Great agents over the phone. Thanks for helping me again!
Review posted by Shah Azad, Brighton
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The best and more serious loan company, Moneysupermarket without a doubt! Fantastic customer services and great communication , lots of good advice in how to manage your loan and very reasonable rates in accordance to your possibilities. Perfect for that extra pending project without making a big dent to your monthly income. Highly recommended!
Review posted by Maria Bidell, Manchester
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This has proven to be an excellent service. Quick, efficient and trusting.I would definitely recommend Giffgaff loans to friends and family in the future.
Review posted by Donna Blanford, Glasgow
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