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 have helped over 50,000 people obtain personal loans. We provide the same benefits of applying for a bank loan but all online, all at a time that works for you. There is absolutely no paperwork involved; just 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. Within minutes, we’ll give you a personalised list of loan offers that are best for your profile from our panel of over 40 UK direct lenders. You can easily compare loan rates and terms and decide which lender you want us to send your application to. We will never forward your information without your permission.
Our advanced technology works quickly to help make an instant decision, showing you all the lenders who can help. All the lenders on our panel 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 depending on the lender, the funds can 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 personalised table of loan offers in just minutes, 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 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 to check 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 finance option 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 you find a personal loan comparison. Whilst we can help you apply for a cheap loan, our lenders will need to ensure that you are not over-stretching your finances. Each of the direct lenders on our panel will perform credit checks and affordability assessments during the approval process to ensure that the loan you have applied for is right for you.
Unsecured Personal Loans UK FAQs
How Do I Know If I’m Eligible for the Best Personal Loan Rates?
The lenders in the Personal Loans Now network consider more than just your credit score. In order to be eligible for the best rates with many of our lenders, 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 help you find the lowest personal loan rates today.
What are the Charges that Can Occur with Personal Loan Interest Rates?
Personal loans from any lender incur interest at an Annual Percentage Rate, or APR. The full amount you will pay in interest will be within your credit agreement. You’ll be able to review this figure before proceeding with personal loans for fair credit. Our lenders strive to be completely transparent when you are considering a loan with them, and they will tell you the fees upfront. If you feel you may struggle to make repayments, then please contact your lender as soon as possible to work out an alternate arrangement.
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 still conduct your own research and carefully compare loan rates and terms before signing an agreement. 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 free and 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?
Personal Loans Now is a leading broker in the UK. By filling out our one simple application, we can give you a personalised table of loan offers best suited for you within minutes. We have a network of over 40 responsible, FCA regulated lenders with competitive rates that you can easily compare online. You choose the lender you want and we’ll forward them your application so they can run the necessary affordability and credit checks. You don’t have to fill out multiple applications, and we make sure there are no extra credit searches on your file. We’ll never pass your information to lenders without your permission. With Personal Loans Now, you will be in the best position to find the loan you want.
How Much Can I Borrow Today Through Personal Loans Now?
How much you can borrow will depend on the type of loan you want and which lender you choose to apply with. Personal Loans Now has a network of over 40 lenders, and each has their own borrowing limits.
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.
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