Personal Loans

FCA
Authorised
Loans from
£500 - £25,000
Instant
decision
One application,
many lenders
Bad credit
welcome

Will you be accepted for a personal loan? Apply now to find out! If approved, then you can get from £500 up to £25,000 today.
Even if you’ve already received a personal loans offer from your bank or credit card provider, it’s worth a try as we may be able to get you a better deal. The process is 100% online, and no guarantor is needed. Let private lenders and banks get you the best loan offer to your circumstances


How much do you need?

£500
Apply now

£1,000
Apply now

£5,000
Apply now

£7,500
Apply now

£10,000
Apply now

£25,000
Apply now
*Large panel of authorised private lenders*
*Representative 45.3% APR*


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 us 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 for a personal loan no matter what your credit score is
Online Decision
Receive an instant online decision upon completing your application form
Low APR
We offer personal loans with very low interest rates

Personal loans in the UK

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

Here are some things you need to know about personal 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 be accepted.

Which is better – a bank or a private lender?

Both banks and private lenders must be authorised by the Financial Conduct Authority (FCA) and commit to providing you with the right credit for your circumstances. Your challenge is to first find and then be approved for the best deal for you. Remember, the product you are looking to buy is money. The difference between lenders is in both the cost of the loan and the repayment terms they offer.



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

  1. Can I get a loan even if I don’t have an account at your bank?
  2. Can I repay my loan 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 personal 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. So, if you need more than what the credit card limit can offer, you’re probably better off looking for a personal loan. Whichever option you choose, make sure to look out for hidden fees.


Did you know?
We offer access to Monevo’s huge range of personal loan direct lenders.
Whether you have bad credit, are unemployed, or want a guarantor, we may be able to find you a loan!
Apply with Personal Loans Now, no matter what your situation is.



Personal loan calculator

Beware of “personal loans calculators” as these are for illustrative purposes only. They are not designed to get you a cheap personal loans offer. Your personal circumstances will affect the rate that lenders can offer you, so 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 personal circumstances can secure you loan offers, helping you find the best personal loans offers for you.


Personal loan calculator from Personal Loans Now

Personal loan comparison

Most people compare personal loan 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 personal loan offers:

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

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 personal loan is representative illustration only. Loan calculators and comparison websites are not an instrument to find the cheapest loan offer for your personal circumstances. In many ways, these tools are very misleading, despite the good intentions behind them.



Did you know?
When you apply with Personal Loans Now, all the comparisons are done for you.
Monevo’s 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 personal 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 approved for bad credit personal 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 online with no guarantor?

Unsecured personal 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 personal 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 a personal 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 loans can provide amounts of up to £25,000 without a guarantor. Typically, there are lower monthly repayments. This makes personal credit a more affordable option even for people with a low income. You can apply here for a personal loan online and get an instant decision, even if your credit history is far from perfect.

Personal loans from Personal Loans Now

Written by: Kylie Jenson
Last modified: