Personal Loans

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* Affordable £2,000 – £25,000 Online!
RAPR 39.7%

Loans from
£2,000 - £25,000
Bad credit

Need a personal loan? Apply now and if approved, you can get from £2,000 up to £25,000 today.
PersonalLoansNow has pioneered a new lending strategy that we have called Credit on Demand – credit when you need it. This service provides a much higher acceptance rate and a better borrowing experience. Furthermore, it is available online right now! We are a direct lender dedicated to providing fast and responsible personal loans with instant decision and same day payout. If you apply with us – you can be rest assured we have you covered!

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*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)

How much do you need?

Apply now

Apply now

Apply now

Apply now
*Direct lender and brokerage service*
*Representative 39.7% APR* (fixed)

Did you know?
A personal loan from a private lender could be cheaper than
exhausting your credit card limits, using unorganised overdraft with your bank or using a revolving credit.
Give PLNOW a chance to get you a better deal.

No fees
We do not charge you for applying with us.
Bad Credit Welcome
You can apply with us no matter what your credit score is.
Online Decision
Receive an instant decision online upon completing your application form.
Flexible Repayment Terms
We offer personal loans with flexible repayment terms.

Personal Loans in the UK

These loans are a cheaper credit alternative to both payday loans and short term loans in the UK. You can obtain a loan from your bank, your credit card company or a private lender. Getting approved isn’t just about your credit score. Therefore, lenders approve people with bad credit if they believe that they can afford to repay the loan on time.

Here are some things you need to know about this type of credit in the UK:

  • Personal loans in the UK are usually between £1,000 and £50,000.
  • You can get the loan from a bank, private lender or on your credit card.
  • People with bad credit can also get a approved.

Which is better – a bank or a private lender?

The Financial Conduct Authority (FCA) authorise both banks and private lenders to offer loans, as long as they commit to providing you with the right credit for your circumstances. Your challenge is to find a lender that will approve you for the best deal in your circumstances. You have to look at two main aspects of the lender’s offer: the cost of the loan and the terms of the repayment.

Are you considering a bank for your unsecured loan? If so, make sure to ask them these questions:

  1. Can I apply even if I don’t have an account at your bank?
  2. Can I repay early without penalties?
  3. What happens if I am late on one instalment?
  4. Can I complete the whole process online or is there any paperwork?
  5. How long will it take for the money to come into my bank account?

Which banks in the UK offer loans online?

Are credit cards better than a loan?

If you can increase the credit limit on your card to cover the amount of money you need, then it may be a great option. However, even with a good credit score, credit cards won’t usually allow you to borrow more than £5,000. Therefore, if you need more than what the credit card limit can offer, you’re probably better off looking for a personal loan online. Whichever option you choose, make sure to look out for hidden fees.

Did you know?
We are a leading direct lender in the UK. However, if we can’t fund the loan ourselves we work as a premium broker using the Monevo platform.
Whether you have bad credit, are unemployed, or want a guarantor, we may be able to find you a loan!
Apply to PersonalLoansNow, no matter what your situation is.

Personal loan calculator

Beware of “personal loan calculators” as these are for illustrative purposes only. They aren’t designed to get you a cheap offer. Your individual circumstances will affect the rate that lenders can offer you. Therefore, you may get something different to the representative APR that the calculator is using. Loan calculators are not an acceptance indication. Only a proper credit and affordability assessment based on your individual circumstances can secure you loan offers, helping you find the best personal loan offers for you.

Loan calculators are helpful, explains

Personal loan comparison

Most people compare the rates to find the cheapest credit option available online. But those rates can mislead you, and are as far from personal as they could be. After all, the comparison website is not aware of your particular financial situation.

Here are the three main things to check when comparing loan offers:

  • What is the interest rate and APR?
  • Does the lender charge an arrangement fee?
  • Can you pay early without extra charges?

Loan calculators are helpful, explains

Be careful with representative rates (APR)

Private lenders, banks and credit card companies must put a representative interest example on their website. APR is meant to help consumers understand the total cost that may be involved with a loan. But what exactly does the word ‘representative’ entail? Well, in this case, it means that only 51% of successful applicants have to get those rates. So, up to 49% may end up with a more expensive loan than they applied for.

This is why it is important to understand that using APR to calculate the cost of a given loan is representative illustration only. Loan calculators and comparison websites are not an instrument to find the cheapest loan offer for your individual circumstances. In many ways, these tools are very misleading. This is despite the good intentions behind them.

Did you know?
When you apply with, all the comparisons are done for you.
Our advanced technology compares all loan offers available to you, presenting you with the very best rates.
Go ahead and apply for the best loan offer!

Bad credit loans

You can find personal loans for people with bad credit online both with and without a guarantor. In many cases, it’s easier to get a loan approval for bad credit loans than for traditional short term loans. The longer loan period makes the monthly repayment more affordable and more accessible as a long term unsecured credit solution.

Can people with bad credit get unsecured personal loans with no guarantor online?

Unsecured loans with no guarantor for people with bad credit are considered a high-risk product. Nevertheless, the answer is yes. You can apply and get approved for unsecured loans online even if your credit rating is far from perfect. To do this, you will need to find a bad credit direct lender that weighs your affordability over your credit score. Another option you can consider is a joint personal loan.

Let us help you get your loan today.

Particularly for people with a bad credit score, personal loans are a cheaper credit option available for people in the UK. Unlike payday loans, unsecured personal credit can offer amounts of up to £25,000 without a guarantor. Typically, there are lower monthly repayments. Therefore, this makes personal credit a far more affordable option even for people with a low income. You can apply here to for a loan online and get an instant decision, even if your credit history is far from perfect.

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Written by: Kylie Jenson
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