Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk
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£100 to £5,000*

Representative Example: £500 borrowed for 5 months

Apply For £50 - £1,000

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Choose Your Loan

Choose from a wide list of options that are perfect for your needs.

Personal Loans

  • instant Decision
  • 60-Second Application Form
  • From £1,000 to £25,000
  • Rates from 5.7% APR to 278% APR
  • 3-36 month repayment

Short Term Loans

  • Online decision
  • Responsible lenders
  • Apply to borrow up to £3000
  • Rates From 278% APR – 1576% APR
  • 3-12 month repayment

How Will My Application Work?

Secure Process

You don’t have to leave the comfort of your homes to apply for a loan. Just visit the lender’s website and fill up an online form. The process is safe and secured. There’s no need to visit banks or fall in long lines to get approved.

Fast and Convenient

The application process is incredibly simple and fast. Complete an online form and have it submitted. In just minutes, you can get the result from the lender of your choice and have the funds ready on the same day. You don’t even have to wait for days to get approved.

No Credit Checks

Is your credit holding you down? With us, you don’t have to worry about your credit line. Even with poor or bad credit, you are still eligible. As long as you can repay the loan on schedule, everything is going to be just fine. We have plenty of options that don’t require credit checks.

Loans For Your Special Day

You’d want your wedding to be special. You’ll likely need to spend a good sum to make it happen. With the UK average wedding spending at £27,000, saving up some cash may not be enough. If you want to spread the costs for several years, you can consider taking out a loan to finance the event.

Personal loans

This is a common choice that people go for when in need of financing for a wedding. Borrowers do not need to be a homeowner to get approved. However, one does need to have a good credit rating to qualify and borrowing a small or a huge amount might mean getting charged for a rather high interest rate.

Guarantor loans

If your credit score is low, a guarantor can help you get approved for a loan. He’ll need to have a good credit score though as the amount you’ll be allowed to borrow would depend on that. However, he will have to face the risk of taking over the loan repayments if you default on the loan.

Secured loans

If you want to borrow large amounts, you can use collateral to secure the loan. Secured loans are viewed as risky by lenders. However, the amount you’ll be allowed to borrow would have to depend on the value of the asset you’re presenting. Also, you may lose the asset if you fail to pay the loan.

Before you take out a loan though, be sure to do your research first. This way, you can get the best possible offer there is.

When getting a loan, besides getting approved, your monthly repayments are of concern. Are you able to pay it, along with your monthly expenses with the income you have? If you’re wondering how much you’ll need to pay, a little bit of math can help you find out.

Different Loans will need different calculations.

Before you even begin to calculate, you must know what type of loan you’re going to use. For different loans, there are different calculations, because there are various ways of paying off a loan – Such as an interest-only loans. In the early parts of the loan, you’re only paying the interest, once you’ve paid it fully comes the principal amount.

Build a Spreadsheet – You can build a more advanced spreadsheet on Microsoft Excel to do your calculations for you. A quick search on the internet will yield results on different guides for different loans.

Formula for Different types of loans.

Interest Only Loan

Calculating for an interest-only loan is quite easy. You just need to multiply the amount you loaned by the annual interest rate, then you divide it by how many payments you make in a year.

Example - $50,000 x .06 = $3,000 a year of interest. You then divide $3,000 by 12 and that is $250 per month.

This is assuming that you never made additional payments to reduce the principal balance, then your monthly repayment would stay the same.

Credit Card Payments

Credit cards are pretty straight forward to compute. Most card issuer would recommend you to pay at least 3% of your outstanding balance each month. That is the minimum amount you need to pay for you to stay out of trouble.

Example – Let’s assume that you have a $5,000 balance on your credit card. With a required payment of at least 3% of your balance per month.

Payment = MinimumReq x Balance

Payment = .03 x $5,000

Payment = $150 per month.

Even if your interest increases, the minimum balance still applies.

Bottom Line

Your monthly payment will depend on the amount you’ll borrow, interest rates, and the duration of your loan. That is why when taking out a loan, it’s best for you to find the best option and terms you can find, and start from there.

And in today's age, information can freely be accessed. There are online calculators for different kinds of loans out there.