If you’re looking for the best £15,000 loans available, at Personal Loans Now we can search the market, so you don’t have to. We’ll find you the cheapest £15,000 loans for you. Using our credit on demand system, you’ll be able to get a personalised table of offers from 40+ lenders. Click apply now and find out how we can help you today.
How Can I Get a £15,000 Loan?
Finding the best deals on a loan can be difficult, especially if you don’t know where to start. Balancing affordable repayments and low interest is what most people want from the best £15,000 loans available. At Personal Loans Now, we can help you find them. By filling in our application form, taking just 3 minutes, we’ll provide a personalised table of offers. As we search the market for you, this is a quick and convenient way to see everything that is available. Plus, to see your own table of offers, you won’t need to have a credit check performed. This means you can review the loan offers available without worrying about your score being impacted.
You’ll only need a few personal details to be able to see the £15,000 loan offers. You’ll need to provide the repayment terms you want, date of birth and employment details. We can then search the market and quickly show you the lenders who can help, which can include us as direct lenders. Ideally, your credit rating will be good, and your affordability will at least cover the repayments you want. However, we can offer lending to applicants with poor or bad credit.
Am I Eligible for a £15,000 Loan Online?
To be able to apply for a £15,000 loan through Personal Loans Now, you’ll need to meet the following eligibility:
- You’re aged 18 years or older
- You have a UK bank account
- You are a current UK resident
- You have a regular source of income
If you can say yes to the above, then you are on the first step to finding the cheapest £15,000 loan for you. Please note, although you may meet the above eligibility, this doesn’t guarantee you’ll be approved for a £15,000 loan. A credit search will need to be performed as will affordability checks. This will ensure you can afford the loan you want and that you are not in current financial difficulties. If you aren’t sure if you are eligible for a loan through us, please don’t hesitate to contact us. Speak to our friendly customer service team who will be able to help you.
£15,000 Loan for Bad Credit
We can take applications from people not just with a good credit rating, but also applicants with bad credit. We’ll consider your whole affordability when assessing your loan approval. At Personal Loans Now, we look at what you can afford to pay and not just your credit history. Of course, we’ll need to check your credit report to ensure you are not overextending yourself with further borrowing. But in most cases, we can match you with lenders who can help offer loans for bad credit.
If you do have bad credit, you may find that the rates of interest are much higher. Also, your repayment terms may be less preferential. A lender will be taking a higher risk with lending to someone with bad credit. So, you will need to be prepared to pay more during the loan term. Additionally, bad credit loans will usually only allow a maximum loan amount of £7,500.
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How Can I Check if a £15,000 Loan Is Right For Me?
If you’re not sure if a £15,000 loan is ideal for you, or you have another amount you’d like to apply for, then we can help. You can use our personal loan calculator to see how much a loan will cost you per month as well as the interest. This way, you can work out what you can afford to pay including the interest. This will leave you more informed on the type of loan you want. If you’re looking to borrow a different amount, we can offer lending on personal loans up to £25,000 unsecured.
Why Choose Personal Loans Now for a £15,000 Loan Online?
We can offer many great reasons to compare £15,000 loans online through Personal Loans Now, including:
- Completely Online Application – you can complete and apply for a £15,000 loan fully online, no paperwork needed.
- Low Apr Rates – we search the personal loans market to find the lenders who can offer you the lowest APR rates.
- Instant Approval – once we have your application, you will receive a decision in just 90 seconds.
- High Acceptance Rates – we’re proud to offer high approval rates on our loans. We’ve helped 50,000 people just like you get the loan they wanted.
- Same Day Funding – assuming you’re approved, you will receive credit into your bank account on the same day.
- FCA Authorised Lenders – we are an FCA authorised lender, as are all lenders we can connect you with. They are all committed to responsible lending and keeping your data secure.
Click apply now to get your own personalised table of £15,000 loan offers today. A convenient and safe way to apply for borrowing online.
£15,000 Loan FAQs
Is £15,000 the Maximum I Can Borrow with a Personal Loan?
No, you can apply for larger sums of personal loans, up to a maximum of £25,000. As it is unsecured, personal loans range from £1,000 up to £25,000. How much you can borrow will be determined by your affordability and credit score. If you have bad credit, you will be limited to a maximum of £7,500. But, if you have a good credit score, you will able to apply for nearer the maximum amount. If you want an even larger loan amount, we can offer this with a secured loan. These range between £10,000 up to £250,000 but will need to be secured to a personal asset. This is normally a vehicle or property, that can cover the loan amount. How much of a secured loan you can borrow will depend on your current credit status.
Do I Need a Guarantor for a £15,000 Loan?
It is not a requirement to have a guarantor to apply for a £15,000 loan. However, some lenders may only be able to offer you the loan amount you want by requesting you have one. This will depend on your current finances. Guarantor loans are a great way for someone with poor credit to increase their chances of receiving approval. A guarantor will need to be someone with at least a good credit rating. They’ll also need to meet other conditions which the lender will detail. If your credit rating is good, you can apply for a £15,000 loan online without a guarantor.
How Much Interest Will I Be Charged With a £15,000 Loan?
We charge a fixed rate of interest at 39.7% RAPR (representative annual percentage rate). This means your loan will stay at the same amount of interest throughout the term. Some lenders, however, can charge anywhere up to 99.9% on a £15,000 loan. You’ll need to be prepared to pay higher interest to be approved in some circumstances. Additionally, not all lenders will charge a fixed rate of interest. Some offer a variable rate, which can increase and decrease during the loan term, much like on a credit card. You should read the credit agreement before agreeing to a loan to ensure you’re happy with the interest.
What Happens if I Miss Repayments?
You should contact the lender as soon as possible if you miss repayments. In most cases, a lender will be able to come to an agreement on a time frame to repay the arrears. But this cannot be guaranteed. If repayments are continually missed, you risk having legal action taken against you. A lender can reclaim the arrears, or, the whole loan amount. You should work out what you can afford to pay each month before applying for any borrowing. This way, you can avoid a situation where payments are missed.
I’m in Financial Difficulty, Can I Still Get a £15,000 Loan?
We recommend you seek out financial advice from an impartial source. Organizations such as the Money Advice Service or Citizens Advice can help. If you are struggling with your finances, as a responsible lender, we cannot lend to you. More borrowing may make your situation worse and have a further negative effect on your credit rating. You’ll need to consider if further borrowing is the right solution to your current financial difficulty. You should only apply if you can afford repayments whilst maintaining commitments elsewhere.