If you’re looking for the best loan company to finance your borrowing, we can show you what’s available. We can offer between £1,000 up to £25,000 unsecured. Need to find a loan company offering a small loan for a holiday? Or a larger loan for home improvements? At Personal Loans Now, you will have access to the best loan companies on the market.
What are the Best Loan Companies?
When looking for a loan company, there are a few things you’ll want a lender to offer. Ideally, you want the full amount of money with preferable rates of interest and manageable repayments. There are many loan companies and it can be difficult to separate the best loan companies from the bad. We understand this, which is why we have our free to use credit on demand system available to help you.
With just a few clicks, you’ll have access to over 40+ direct lenders that can offer you the loan terms you’re looking for. We’ll show you only the best loan companies that meet FCA regulated guidelines and who will offer you low APR rates. The best thing about this is to see your very own personalised table of offers, no credit search is needed. You’ll be able to choose the best loan company for you before having a search of your credit file conducted.
How to Find the Cheapest Loan Company For You
Using our simple application form makes finding the best loan company easy. With just a few details needed, we’ll show the best loan companies for you. If you’re unsure of how much you want to borrow, you can use our personal loan calculator. Just enter the loan amount and length of term and you’ll be shown what the repayments and interest charge would be. Once you know what you would like to borrow, all you have to do is click apply now. Enter the loan amount and repayment terms you would like, and we can get to work.
An online application will take just 3 minutes to complete. We’ll need a few personal details to provide a personalised table of offers from the best loan companies. You’ll be connected with fully FCA authorised direct lenders who can provide the terms you want. You’ll be able to see each offer in detail so that you can make an informed decision on how you want to proceed. No credit search is conducted at this point to give you a chance to review the pre-approved offers. Once you have decided on the cheapest loan company for you, all you have to do is continue your application. Once a credit search and affordability checks are carried out, you’ll receive a decision in just 90 seconds. Convenient and taking no time at all, you can have the approved funds deposited to your bank account the same day.
Am I Eligible for the Best Loan Company Offers?
To be eligible for the very best loan company offers on personal loans, you’ll need to meet these requirements:
- Aged 18 years of age
- Have a UK bank account
- Are a current UK resident
- Have a regular source of income
If you can meet these requirements, then you can apply for loan company offers through Personal Loans Now. The above eligibility does not guarantee you’ll be accepted for a personal loan with us. You’ll need to go through a credit check and have your affordability assessed before any loan is approved. Also, to be able to find the best loan companies available, you’ll need to have a good credit rating. You can apply to a loan company with a poor credit rating. However, you may find that the rates of interest are much higher and length of repayments much shorter.
Personal Loan Companies for Bad Credit
If you currently have a poor credit rating, we can still offer to help with bad credit loans available. Offering loans up to £7,500, a loan for bad credit can help you where other lenders can’t. These types of loan can only be offered for a smaller amount. They can still be applied for with affordable repayment terms. We consider your affordability in general so not only your credit rating is judged when applying. If you can make regular repayments despite having bad credit, you may still find a loan company. At Personal Loans Now, you don’t have to be put off with having bad credit. Apply today and see the available offers for you.
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Direct Lender Loan Companies or High Street Banks?
It may be difficult deciding between applying for a loan with a high street bank and an online loan company. To make things easier, you’ll be able to compare them against your specific requirements. This way, you’ll be able to see whether a high street bank is best placed to help you over direct lender loan companies.
The terms of interest applied with High Street bank loans can be much higher than those offered by direct lenders. That’s why we want to help remove any confusion. We’ll show you the best rates available so you can make an informed decision.
Loan Company FAQs
What’s the Maximum a Loan Company Can Lend Me?
This will depend on a number of details and can vary between lenders. Here at Personal Loans Now, we can lend personal loans from £1,000 up to £25,000, with secured borrowing ranging between £10,000 and £250,000. How much you can borrow will depend on your current credit rating and affordability. You will also need to decide how much interest you are willing to pay. Higher amounts of credit will be charged larger amounts of interest. You will need to consider if borrowing large amounts are beneficial for you. Your credit score will play a big role in deciding how much you can borrow. The better your credit rating, the better the loans available. Please bear in mind that having a low credit score means you can apply for a maximum of £7,500. This is due to the higher risk to a lender.
Can a Loan Company Help Me In Financial Difficulty?
Depending on your financial difficulties, many loan companies can offer to help you manage your finances. Debt consolidation loans are a good way to combine all of your existing debt into one lump sum. These are ideal if you have various different loan companies and credit cards you owe money to. There are also many free to use organisations available that can offer impartial financial advice. Companies such as the Money Advice Service and Citizens Advice, can offer helpful advice. We do not recommend taking out further borrowing to cover repayments on any existing borrowing. You should carefully consider whether applying for more will help you.
What Type of Interest Charges Can Loan Companies Offer?
Interest charges can vary between lenders, with some offering anywhere between 9.9% and 99.9% APR. Here at Personal Loans Now, we offer a fixed rate of interest at 39.7% RAPR (representative annual percentage rate). This means that the interest rate will stay the same throughout the entirety of your loan agreement. Many direct lender loan companies we can connect you with also charge a fixed rate of interest. But some may offer a variable rate of interest. Interest charges on a variable rate can increase and decrease during the loan term. This is much like on a credit card, and will depend on how much is outstanding on your existing loan. If you would like to find out more about how much interest you’ll be charged, please use our loan calculator.
Are Personal Loans Now a Direct Lender Loan Company or Broker?
We are a direct lender and a broker. This means if we can offer you the loan amount ourselves, we’ll be happy to help. If we cannot approve your loan, we’ll show you the lenders who can with a personalised table of offers. Being both a direct lender and a broker means we can offer you a full service. Even if it means losing your business to another lender, we are happy to help if it’s the best deal for you. If you have any questions around how we work, please contact us directly via phone or email.