We search the entire loan market for the best personal loans online, so you don’t have to, without affecting your credit score!
Easily compare and choose the best personal loan for you, from £2,000 to £25,000 today.
If you want to obtain a personal loan at a great rate and repayment terms, borrowing between £2,000 and £25,000, then at Personal Loans Now we have the tools and know-how to help. We are a direct private lender who has helped 40,000 people just like you obtain great personal loans that provide the ideal solution for your circumstances. We can provide you with the same benefits of applying for a bank loan but completely online and at a time that works for you. We are FCA approved with no paperwork required; why not hit Apply Now today 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 for you, all you need to do is decide on the borrowing that you want, fill in our online application form and then we’ll do the rest. As a direct lender of personal loans, we may be able to agree to your requested terms directly, but if for some reason we can’t agree to your personal loan request don’t worry, help is still possible. Using Monevo, we have access to a large database of lenders who may be better placed to offer you a personal loan at the terms you want. Just because we cannot help directly doesn’t mean the end of the journey with us, as we’ll show you who can help and quickly with our personal loan comparison. Within 90 seconds, Monevo will provide you with a loan decision and then it’s over to you to decide; simple.
Monevo’s advanced technology works quickly to help make a decision fast and shows you all the lenders within their database who are in a position to help. All of the alternative lenders are also FCA authorised so you can have peace of mind when submitting an application for credit. Once you have been sent the agreed terms, carefully read and review the loan terms and ensure you are happy with what’s on offer. Once you are, check for any fees attached, such as early repayment fees if you wanted to settle earlier, so that you are fully aware of the loan terms. If everything is fine, electronically sign and the funds will be in your account the same day!
Apply Fully Online for Quick Personal Loans Today
With our online application form, you can fully apply through our website or app without having to leave the comfort of your home; convenience designed with you in mind. Some traditional personal loan lenders may still require you to post or scan documents before a loan is fully accepted, however that’s where we are different. All you have to do is complete our online application form and we’ll do the rest, providing you with a decision within 90 seconds. If successful, you could be using your new cash injection the very same day; no waiting for paperwork required.
Personal Loan Lenders Vs Personal Bank Loans – What’s the Difference?
With so many options available to you, it may be difficult to see the main differences between a traditional bank personal loan and one from an online direct lender. With a high street bank, traditionally interest rates would be higher than others, including fees and charges and you would have to sign paper documents. The way it works with an online lender like us at Personal Loans Now is we’ll find you the best rates without you having to look yourself and you can complete the application fully online, so no having to visit a branch or waiting for the post to come; get the funds deposited the same day.
Compare Personal Loans in the UK – Which is Right for Me?
A personal loan simply stands for a type of borrowing that is taken for personal use, such as a holiday, car, home improvements or wedding. Low APR Personal loans online are generally offered between £2,000 to £50,000 and with repayment terms ranging anywhere between 3 months to 10 years. If you successfully apply for a personal loan, you will be given the full amount of the loan upfront, with fixed instalments agreed monthly including any interest.
Which Personal Loan is Right For Me?
This really depends on your current circumstances, but there are a number of different types of personal loans to choose from. If you’re looking for some with shorter repayment terms, then a short term personal loan is best. If you have a poor credit score, then you may find personal loans available with a guarantor option to help with the application. If it’s a much larger personal loan above the traditional amounts, then a secured personal loan might be the best option when considering a new car or house for purchase.
Is a Personal Loan Comparison Better Than Using a Credit Card?
This also depends on the type of borrowing convenience you want. Although a credit card provides you with a credit limit to stay within and gives you the freedom to spend the amounts you need as and when you need it, they tend to incur heavy interest charges. Even with a 0% interest rate offer, you would need to be careful when the offer ends to avoid incurring large ongoing charges. With low interest personal loans, you can see upfront how much interest you will be paying and have fixed repayment terms, generally best for larger borrowing 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 fully understand your current finances. By completing a full breakdown of your income and outgoings, you will be able to fully see your affordability at a glance. Once you have determined your disposable income after all your monthly expenditure is considered, you will be able to work out how much you can pay monthly. Ideally, you will want this to leave you with a comfortable amount that allows for any unexpected bills that can occur. By following this, you will be able to confidently apply for borrowing with Personal Loans Now without overextending yourself financially.
Cheap Personal Loans UK for Any Situation
At Personal Loans Now, we understand there can be many different reasons for having to apply for credit. Whether you want to purchase that new car you’ve had your eye on, maybe some overdue home improvements or that dream holiday you’ve always wanted, we can look to help with a competitive personal loan comparison. Whilst you have a good reason to want to borrow money, we need to ensure that although we are happy to help, that we are not putting you into a position where repayments are not affordable, and you are financially stretched. As we are committed to responsible lending, we take this seriously and will make sure during application that the borrowing you have applied for is right for your circumstances.
If you can meet our eligibility criteria and have the affordability for repayments, you can be one step closer to purchasing that new car or holiday, or completing those much-needed home improvements. At Personal Loans Now, we will work with you to find a solution, whether that’s as a direct lender or through one of our other personal loan lenders; there are many reasons why applying through us is a great idea.
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:
- Are aged over 18 years old
- Are a current UK resident
- You have a valid bank account
- You are in current employment
If you can meet all of the above, then we can look to help you with the lowest personal loan rates today. If during the application we determine you are not suitable for a direct loan with us, then we’ll show you who can using Monevo’s large database.
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 detailed within your credit agreement, which you’ll be able to review before proceeding with any personal loans for fair credit directly with us or through other lenders. We want to be as transparent as possible when you are applying for borrowing through us, so in return, if you feel you may struggle to make repayments then please contact us at the earliest opportunity.
How Can I Ensure I’m Making an Informed Decision with low rate Personal Loans UK?
We always recommend that before you decide to apply for credit through Personal Loans Now that you fully consider your options. By fully completing an income and expenditure of your finances, you will know exactly your affordability. Although we use Monevo and their database of other FCA approved lenders, 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. However, if you are currently experiencing financial difficulties, then a personal loan may not be the right choice for you. Although you are free to apply through us, if you already know you have a poor credit history and your monthly affordability is low, it may be best to seek independent, impartial financial advice before affecting your credit rating further. Speak to a free to use company such as Money Advice Service who will be able to offer the advice you would need.
Are Personal Loans Now a Broker or Direct Lender?
We are both! So, if the terms you apply for can be agreed to by us directly, then Personal Loans Now will credit your account. If we cannot agree to the terms you’re looking for, then we can connect you with a lender who can through Monevo. This way, by using Personal Loans Now, you will be in the best position to find the borrowing you need, without having to keep applying multiple times.
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, whatever your requirements, you should be able to receive the amount needed to cover most large purchases. Along with the varied amount you can borrow, we can also offer various repayment durations for added flexibility and comfort.
Hopefully, you’ll find all the information you will 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 directly and we’ll put you in touch with our friendly team to answer any questions you may have. If you’re ready to fill in an application, hit the apply now button today and we’ll get to work.
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