We search the entire loan market for the best personal loans online, so you don’t have to. All without affecting your credit score!
If you want to obtain a personal loan between £1,000 and £25,000, at Personal Loans Now we have the tools and know-how to help. We are a direct lender that has helped 40,000 people obtain a personal loan. We provide the same benefits of applying for a bank loan but all online. All at a time that works for you. We are FCA approved with no paperwork required; click apply now and see what we can do for you.
The Best Personal Loans UK For You
We want to make things as easy as possible for you to get the ideal personal loan. All you need to do is decide on the amount you want, fill in our online application form, and we’ll do the rest. As a direct lender of personal loans, we may agree to your requested terms ourselves. But if for some reason we can’t agree to your personal loan request, help is possible with other lenders.
We have access to a database of lenders who may be better placed to offer you a personal loan. If we cannot approve the loan application ourselves, this doesn’t mean the end of the journey. We’ll show you who can help and quickly with our personal loan comparison. Within 90 seconds, we will provide you with a loan decision and then it’s over to you to decide; simple.
Our advanced technology works quickly to help make an instant decision, showing you all the lenders who can help. All the alternative lenders are FCA approved so you can have peace of mind when applying for credit. Once you have the agreed terms, read and review them and ensure you are happy with what’s on offer. Check for any fees attached, such as early repayment fees, so that you are fully aware of the loan terms. If everything is fine, you can sign online, and the funds will be in your account the same day!
Apply Online for Quick Personal Loans Today
With our online application form, you can apply through our website or app without leaving the comfort of your home. Convenience designed with you in mind is our aim. Some traditional personal loan lenders may require you to post or scan documents before loan approval. With us, just complete our online application form, and we’ll do the rest. With a decision in just 90 seconds, if successful, you could be using your new cash injection the same day. No waiting for paperwork required, just apply, get approved and start using the funds today.
Personal Loan Lenders Vs Personal Bank Loans – What’s the Difference?
It can be difficult to see differences between traditional bank personal loan and those from direct lenders. With high street banks, interest rates can be higher than other lenders. This includes fees and charges, and you would have to sign paper documents. The way it works with an online lender like us is we’ll find you the best APR rates without you having to look yourself. You can complete the application form online, so no having to visit a branch or waiting for the post to come. Then have the funds deposited into your bank account on the same day once approved.
Compare Personal Loans in the UK – Which is Right for Me?
A personal loan is a type of borrowing that is for personal use. Examples can include for a holiday, a new car, home improvements or wedding. Low APR Personal loans online are between £1,000 up to £25,000 and have repayment terms ranging between 3 months to 10 years. When approved for a personal loan, you will receive the full amount of the loan upfront. The fixed repayments will be monthly, including any interest charges. You can use our loan calculator to see exactly what your repayments and interest will look like.
Which Personal Loan is Right For Me?
This depends on your current situation, but there are a number of different types of personal loan to choose from. If you’re looking for shorter repayment terms, then a short term personal loan is best. If you have a poor credit score, personal loans are available with a guarantor option to help. If it’s a larger personal loan amount you want, then a secured personal loan may be the better option. When looking for a new car or house for purchase, higher values would need added security for approval.
Is a Personal Loan Comparison Better Than Using a Credit Card?
This depends on the type of borrowing convenience you want. A credit card provides you with a credit limit to stay within. This gives you the freedom to spend the amount you need as and when you need it. You will need to be aware they tend to incur heavy interest charges during the term. If you have a 0% interest rate offer, you would need to be careful when the offer ends. When it does, you will want to avoid incurring any large ongoing charges. With low interest personal loans, you can see upfront how much interest you will be paying. It will have a fixed repayment term, ideal when borrowing larger amounts.
How Can I Ensure Personal Loans from a Direct Lender is the Best Option?
We want you to get the ideal borrowing that meets your specific requirements. That’s why we encourage you to understand your current finances. By completing a breakdown of your income and outgoings, you will be able to see what you can afford to pay. Once you have determined your disposable income, you will be able to work out how much you can pay monthly. You will want this to leave you with a comfortable amount that allows for any unexpected bills that can occur. This will help you apply for a loan with us without causing any additional financial difficulties.
Cheap Personal Loans UK for Any Situation
At Personal Loans Now, we understand there can be many reasons for wanting to apply for credit. If you want to purchase a new car you’ve had your eye on, we can help you. Or you want some home improvements; we can help with a personal loan comparison. Whilst we can help you apply for a cheap loan, we need to ensure that you are not over-stretching your finances. As responsible lenders, we make sure during the approval process that the loan you have applied for is right for you.
If you meet our criteria and can afford the repayments, you will be closer to getting loan approval. At Personal Loans Now, we will work with you to find a solution. As a direct lender or by connecting you with other loan lenders; there are many reasons to apply through us.
Unsecured Personal Loans UK FAQs
How Do I Know If I’m Eligible for the Best Personal Loan Rates?
At Personal Loans Now, we consider more than just your credit score. So, to be eligible you will need to meet at least the following criteria:
- You are 18 years old or above
- Are a current UK resident
- You have a valid bank account
- You are in current employment
If you can meet all the above, then we can look to help you with the lowest personal loan rates today. If during application we determine you’re not suitable for a loan, then we’ll connect you with lenders who can help.
What are the Charges that Can Occur with Personal Loan Interest Rates?
Our personal loans charge RAPR, which stands for Representative Annual Percentage Rate. The full amount you will pay in interest will be within your credit agreement. You’ll be able to review this before proceeding with personal loans for fair credit with us or other lenders. We want to be as transparent as possible when you are applying for borrowing through us. If you feel you may struggle to make repayments, then please contact us at your earliest convenience.
How Can I Ensure I’m Making an Informed Decision with low rate Personal Loans UK?
We recommend that before you decide to apply for credit through us that you fully consider your options. By comparing your income and expenditure, you will know what your current disposable income is. We use a database of FCA approved lenders, but you should conduct your own research of what is available to you. That way, you can make the best possible informed decision when applying.
I’m Experiencing Financial Difficulties; Can I Still Apply for Large Unsecured Personal Loans?
Depending on what your current situation is, a personal loan may be the right solution. If you are experiencing financial difficulties, then a personal loan may not be the right choice for you. You can apply through us, but if you know you have bad credit, you should seek independent financial advice first. You can contact the Money Advice Service for example, who will be able to offer you impartial advice. You may alternatively want to apply for a debt consolidation loan instead to restructure your current debt.
Are Personal Loans Now a Broker or Direct Lender?
We are both! So, once approved by us directly, we will credit your bank account. If we cannot agree to the terms you’re looking for, then we can connect you with a lender who can. This way, by using us, you will be in the best position to find the loan you want. Without having to keep applying multiple times, just one application will show you all the offers available.
How Much Can I Borrow Today Through Personal Loans Now?
We are pleased to be able to offer small personal loans from £500 up to large personal loans of £25,000. This way, you should be able to receive the amount needed to cover most large purchases. Along with the amount you can borrow, we offer various repayment terms for added convenience.
You’ll find all the information you’ll need to apply for the cheapest personal loans in the UK today. If you have any other queries, please don’t hesitate to contact us. We’ll put you in touch with one of our friendly team to answer any questions you may have. If you’re ready to fill in an application, hit apply now today, and we’ll get to work.
Have more questions?
Here is a list of questions we often get asked, just click through to find out more about any topic.
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