If you want the best £10,000 loans available, at Personal Loans Now we can help you find them. Using our credit on demand system, you’ll have access to 40+ lenders. All willing to provide you with the money you want. A quick application takes just 3 minutes to complete and will give you a personalised table of offers. Click apply now to find the cheapest £10,000 loan for instant approval today.
What is the best £10,000 Loan to Get?
When looking for a £10,000 loan, you’ll want to find the best deals available to you. Getting the amount you want with affordable repayments and low interest is the aim. When looking for the cheapest £10,000 loan, you will want the same so that you are not paying back more than you should in the long term. At Personal Loans Now, we will search the entire personal loans market. Finding the best £10,000 loans available for you, just one application will show the whole market.
With just a few details, we’ll search from 40+ direct lenders who will be the right match for you. We’ll create a personalised table of offers for you to review, all without a credit check. You’ll be able to make an informed decision from these offers, without a negative impact on your credit score.
To be able to get the best £10,000 loans available, you will need to ensure you have a good credit rating. You will also need to have the disposable income to make your requested repayments. If you do not have good credit, you will find that lenders will charge a higher rate of interest. If you want to see what the repayments would be on a £10,000 loan, use our personal loan calculator. You’ll see how much you would need to afford monthly and what the interest charges are.
Am I Eligible for a £10,000 Loan?
To apply for a £10,000 loan, you will need to meet the following eligibility requirements as a minimum:
- You are 18 years of age or more
- You have a UK bank account
- You are a current UK resident
- You have a regular source of income
Please note, meeting the above will not guarantee you will receive approval for a £10,000 loan. You will need to have a credit search conducted and affordability checks made first. We recommend that you check your credit score and your monthly income and expenditure before applying for a loan. This way, you will be able to see what your current finances are before applying.
In the application, you will need to provide some personal details such as your date of birth and employment details. You will also need to state the repayment terms you want. An application will take 3 minutes to complete and will then provide you with your own personalized table of offers. No credit search is needed at this point so you can review your available offers. Once you have decided on the lender you want to continue with, a credit check will be required. As a direct lender, we will provide the funds ourselves if approved. However, if we cannot approve your application, we will connect you with other lenders you can choose from.
£10,000 Loan with Bad Credit
If you have bad credit, we will consider your full finances when assessing your application for a £10,000 loan. Our high acceptance rates mean we consider not just your credit rating, but also your affordability. We’ll give you the best chance of receiving the funds you want. We understand that as much as everyone would like a perfect credit score, many people can struggle to achieve this. Although they can now afford the repayments, their credit history stops them from getting the funds they want. We look at things a little differently, by considering what you can afford as well as your credit score.
Why Choose Personal Loans Now for £10,000 Loans?
There are many great reasons to choose us to find £10,000 loans using our easy to use and convenient online application:
- Fully Online Application – complete an application for a £10,000 loan online without waiting for paperwork.
- Low APR Rates – we search the market to find the lowest APR rates available to you.
- High Acceptance Rates – we are proud to offer high acceptance rates, helping 50,000 people just like you get approval.
- FCA Approved Lenders – we, and the lenders we connect you with, are fully FCA approved.
- Instant Approval – we can give you a decision in just 90 seconds.
- Same Day Funding – once you’re approved, we can credit your bank account on the same day.
- Bad Credit Welcome – you can apply for loans through us even with bad credit.
Add to this our expert customer service team, who are here to help you with any queries you may have, just contact us. At Personal Loans Now, we can ensure you have a secure and efficient online experience.
£10,000 Loan FAQs
Can I Borrow More than a £10,000 Loan?
Whilst a £10,000 loan is enough funding to do many things you’d want, you may want to borrow more than this. This is something we can help you with at Personal Loans Now. We can lend amounts between £1,000 and up to £25,000 unsecured, and between £10,000 up to £250,000 secured. For a personal loan, as it’s unsecured, you won’t need to secure any personal assets to the loan term. For higher amounts, a secured loan would be the best option as we can lend up to £250,000. However, this type of loan would need something like your property or car used as security.
As with any lending, the amount you can borrow is subject to your credit history and affordability. As a higher value loan represents a bigger risk for a lender, they may be more difficult to get approved for. To stand the best chance of applying for higher value loans, your credit score will need to be good to get the best deals.
Do I Need a Guarantor on a £10,000 Loan?
You don’t need a guarantor to apply for a £10,000 loan. However, your chances of approval are improved with someone co-signing your agreement. This is especially true for applicants who have low affordability or a poor credit history. With a guarantor loan, you will be able to have someone with good credit sign your credit agreement with you. This guarantees the loan amount and repayments in the event of you missing them or defaulting on the loan. There are other conditions for having a guarantor depending on the lender. Due to the decreased risk, approval chances will increase.
What Happens if I Miss Repayments on a £10,000 Loan?
If you miss a repayment on your loan, you will need to contact the lender as quickly as possible. Ideally, you will pay the missed payment quickly to avoid any charges or further issues. Continuing to miss repayments means the lender can take legal action to recover them. They can also request that the full loan amount is to be repaid. If you have a guarantor on your credit agreement, they will be contacted to resolve the arrears if you can’t. You will need to ensure before agreeing to a £10,000 loan that you can maintain the repayments. This is especially important if it’s for a number of years. That way you can avoid the situation of struggling to make repayments in the future.
I’m in Financial Difficulty, Can I Get a £10,000 Loan Approved?
If you’re in financial difficulties, you will need to consider if applying for a £10,000 loan is the best decision. Being in financial difficulty means as responsible lenders, we cannot approve your loan request. If you are requesting a loan to cover the costs of other debt, you should look at long-term options. To help resolve the issues you’re currently in, you should contact the Money Advice Service or Citizens Advice. They are both free to use, impartial organisations that can offer financial advice when you need it.
What are the Rates of Interest Charged on a £10,000 Loan?
At Personal Loans Now, we charge a fixed rate of interest at 39.7% RAPR (representative annual percentage rate). Using our loan calculator will show you how much the interest would be on a £10,000 loan with us. Other lenders may charge up to 99.9% and other fixed rates as well as variable ones. A variable-rate will increase and decrease throughout the loan term whereas a fixed rate will stay the same throughout. You should review the loan offers you find to check the rates of interest before agreeing to the loan. This will ensure you are happy with the interest charges before signing.