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Online Loans

How much do you need?
£2,500 £5,000 £6,000 £8,000 £10,000 Other

Affordable £2,000 to £25,000 Online!

Representative Example: Borrow £10,000 for 24 months, 24 monthly repayments of £578,37. Total repayment £13,880.88, interest rate p.a. (fixed) 39.7%. Representative APR 39.7%.

Application takes
3 minutes
UK lender
Call us: 020 3946 6777
Instant
decision
Bad credit
welcome
Personal Loans Now could offer you a personal loan of between £2,000 and £25,000 today. In this day and age, speed and convenience are becoming increasingly more important, and we understand how vital it is to provide an online unsecured loan service designed for even the busiest people. 

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Online loans are intended to be fast, simple and easy. Traditionally, a loan application could take weeks to be fully processed, and you were never guaranteed acceptance in any instance. With an online loan, UK lenders can give you a decision almost instantly, taking away the inconvenience of spending hours travelling to and from banks, filling out reams of paperwork and watching out for the postman.

Online Loans UK

Here at Personal Loans Now, we want to make unsecured personal online loans available to as many people in the UK as possible. Our entire process is done online, and you can have money in your account within an hour of submitting your application.

Online Loans - Personal Loans Now

Can I Apply for an Online Loan?

If you’re over 18, with a UK address and a UK bank account, you’re eligible to apply. Beyond that, each lender will have their own set of criteria you need to fill. According to FCA guidelines (the governing body for UK creditors), every loan applicant must have both an affordability and a credit check, to ensure we’re lending responsibly and not putting any undue stress on a consumer.

Affordability assessment – Any reputable online loan lender should be carrying out an affordability check. They’ll look at how much you earn on a yearly basis, using your main source of income which is usually your job. They might take into account any other income you make, from a part-time job for example. After this, you’ll be required to list all your expenses, which include Council Tax, utilities, any other debt and mobile phone contracts. The total of your outgoings will be deducted from your income and the sum left will be the amount lenders believe you have as disposable cash.

 

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Credit check – Lenders should check your credit file to assess your creditworthiness. They’ll see your credit score and a few other details which relate to your financial history, such as open accounts, any that have been closed in the last 6 years and any missed repayments, CCJs or bankruptcy.

These two checks will determine your risk status to the lender and whether lending to you could cause you money problems.

Benefits of Online Loans

They’re convenient – You can apply for an online loan anywhere at any time. Whether it’s 9pm and you’re at home on the sofa, or its 8 am and you’re on the commute to work, Personal Loans Now is live 24/7 and will receive your application no matter when you send it.

They’re fast – In most cases, once you’ve applied, you’ll be given an answer within 90 seconds. If approved, you could have the funds in your bank account the same day!

They come with customer support – If you have any questions about your loan with us before, during or after an application, you can contact us and we’ll do our best to help you.

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Responsible Online Loans UK Lender

As an FCA regulated and authorised lender, we want to make sure we are lending responsibly. Make sure you’re only borrowing what you need and double-check that you can make every single repayment date. Missing a payment can cause you serious money problems. For guidance on dealing with debt, contact a debt advice charity, who can give you free, personalised and professional advice.

For an instant answer, no-obligation quote and money in your account today if accepted, apply now with Personal Loans Now.

Written by: Kylie Jenson
Last modified: