Cheap personal loans

How much do you need?
£2,500 £5,000 £6,000 £8,000 £10,000 Other

Affordable £2,000 to £25,000 Online!

Representative Example: Borrow £10,000 for 24 months, 24 monthly repayments of £578,37. Total repayment £13,880.88, interest rate p.a. (fixed) 39.7%. Representative APR 39.7%.

Application takes
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UK lender
Call us: 020 3946 6777
Instant
decision
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Without a doubt, you are in the right place. Are you looking to obtain a cheap personal-loan of £1,000 up to £25,000 today? We are a direct private-lender, and we’ve already helped over 40,000 people in the UK to get personal loans online. With Persoanl Loans Now, you get all the benefits of banks like Barclays, HSBC, NatWest and more. You can apply with bad credit and no guarantor for up to £7,500. Private lender means that we’re FCA approved and the process is 100% online. No paperwork is required.


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Access the best personal loans

Once you know how much money you need, the next step is to find a lender who will match your needs. At Personal Loans Now, we take care of this for you. If you are looking for long term loans direct lenders, we are your first stop. We process your application first as a direct lender, but we take it a step further.

If we are unable to lend to you, we won’t just decline you. Instead, we’ll do all we can to find you a loan from a different lender. We have access to Monevo’s large panel of lenders, all of whom are authorised and regulated by the Financial Conduct Authority. With Monevo’s advanced technology you will receive a loan decision in just a minute and a half.

At this point, it is crucial to review the loan terms. Ensure that you will be able to meet the repayments. This applies whether you are applying for a personal credit check loan, payday loan, or even a mortgage. Check the policies of your lender to find out what will happen if you miss a repayment, as well as whether you’ll be able to repay your loan early.

If you’re comfortable with the agreement, you will need to sign the contract online before the funds can be transferred to your account. You could receive up to £25,000* today!


Apply now for a long-term loan from a responsible lender - Personal Loans Now Is the personal loan process completely online?

Yes, our application form is 100% online and there is no paperwork involved. While some ‘online lenders’ require you to scan in and send documents, or will send you the contract by post for you to sign and return, we work differently.

All you need to do is fill out our online application form and receive a decision within just 90 seconds. If approved, the money will be sent directly to your bank account that same day. No paperwork, no meetings, no hassle.



Personal loans for bad credit

At Personal Loans Now, you can apply with bad credit for unsecured personal loans up to £7,500. Unsecured means that you don’t need to provide the lender with any collateral in order for your loan to be approved. We appreciate your time, so our wntire process is online and we provide you with an instant decision. You are welcome to download our mobile application for when you need to apply for a loan on the go.


Personal loan comparison

You can compare our online personal loans to credit from a bank. However, there are several differences between a bank loan and an online personal lender. If you need to borrow money fast, an online lender will usually be the better choice. The process of obtaining bank loans tends to drag out significantly more than applying for credit cards. You will often have to come in for a meeting, sign paperwork, submit documents, and wait up to a week for the loan decision. Even if you are approved, the money can take days to arrive.

When you apply with Personal Loans Now, it only takes a few minutes to complete the application form. You can do it whenever and wherever you want. Your affordability and credit report will be checked at top speed, and you’ll receive a decision within 90 seconds. The money will be transferred that day if you’re approved.



Unsecured icon - Personal Loans Now

What is a personal loan?

The term personal loan is a general term for a loan that you borrow for your personal use, for example, to pay for a holiday, car, wedding or home improvements. Personal loans generally range between £1,000 – £50,000 and span over three months – 10 years. The way it works is that you borrow the full amount, but then pay back in fixed monthly instalments. Click here to apply for a personal loan today!

Repayment icon - Personal Loans Now

Which personal loan is right for me?

Depending on your situation, there is a variety of personal loans you can choose from. If you only need a loan for a few months, you can apply for a short term personal loan. If you have bad credit, you can still obtain a personal guarantor loan. If you need a big personal loan, you will generally need to apply for a secured personal loan, where you provide collateral as security for the lender.

Secured icon - Personal Loans Now

Should I use a personal loan or a credit card?

For amounts up to £5,000, you can get 0% interest credit cards. As long as you pay off your credit card immediately, you won’t incur any extra charges. However, you must be careful to take note of when the 0% offer expires! Once it does, the fees could be more expensive than a personal loan. If you’re looking for more significant amounts, a personal loan would be your best bet.


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What is a personal loan calculator?

A personal loan calculator is a useful tool that tells you in real terms exactly how much your loan is going to cost. While all lenders have to tell you the representative APR of their loans, it’s not always clear what that percentage actually means for you.

A personal loan calculator will tell you

  • the amount you’ll repay at every instalment
  • how many instalments there will be
  • the total amount to repay

You can also find personal loan eligibility checkers. These tell you how likely it is that you’ll be approved for various loan amounts. Remember, cheap personal credit is usually reserved only for applicants with the best credit scores.

TOP TIP: Borrowing over a longer period of time will lower your monthly repayments. However, you will end up paying more for your loan. A personal loan calculator should make this clear, and you can use it to find the balance between affordable repayments and a cheaper personal loan.


Personal Loans - Personal Loans Now
How can I do a personal loan comparison?

I need a personal loan from a private lender, but I don’t know where to start!

Sound familiar? Finding the best personal loan online can seem like a daunting task. However, searching for private loan lenders in the UK can actually be very straightforward. We’ve designed our unique Credit on Demand system to help you find the cheapest personal loan rates available to you.

When you apply with Personal Loans Now, all the comparisons are done for you. We check your eligibility for the best personal loan rates, and select the private lenders in the UK who are most likely to approve your application. Enjoy lower interest personal loans with a high acceptance rate and, if approved, same day funding†. Apply now for the new personal loan experience!



†Terms and conditions apply.

Written by: Kylie Jenson
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