Pre-Approved Loans

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£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
3 minutes
UK lender
Call us: 020 3946 6777
Bad credit

Are you considering a personal loan? it might be worth your time to have a look at pre-approval before you go any further. Usually, people only associate pre-approval with mortgage applications – most home-buyers will first find out their chances of being accepted for a mortgage before they start the shopping process. If you’re looking into borrowing funds, a pre-approved loan is an option that we can offer at Personal Loans Now – Apply Today.


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What Is An Instant Pre-Approved Personal Loan?

If you find a lender who is willing to consider you for an unsecured loan, you’ll often receive pre-approval. To determine this, they look at information such as your personal details, credit score and your income. If the result of these factors combined does meet the criteria of that specific lender, they will inform you of how much they would be willing to lend you, should you be accepted at the final hurdle.

It is important to note that pre-approval is never a guarantee that you’ll be accepted – this answer only comes once you’ve made a full application. At Personal Loans Now, we could offer you an instant pre-approved personal loan, providing you fulfil all the eligibility requirements. You’ll receive an answer within 90 seconds and, as a lender and a broker, if we can’t offer you funds, we’ll try to find you someone who can, all with one application.

Would A Pre-Approved Personal Loan Suit Me?

Would A Pre-Approved Personal Loan Suit Me?

When you’re looking to take out a loan, usually it is because you are looking to make a purchase or pay for something that may be slightly out of your financial remit at the time. By seeking out pre-approval, you can be more confident when it comes to making a choice on the type of loan you choose and the lender you wish to borrow it from.


Though you may have an idea of how much money you feel you need to borrow, creditors may have different allowances in how much they are willing to lend you. When you look into a pre-approved loan, you’ll have an estimate of how much you’ll be charged in interest, any fees attached to the loan and exactly how much you could be offered. This way, you’ll be able to better manage your financial situation and there won’t be any surprise fees, should you be accepted at the end of your application.

How Does Pre-Approval For A Loan Work?

The process is fast and simple, and you’ll usually be notified of your pre-approval in a matter of minutes, or less.

  • Select your lender – remember, we’re a broker and a lender, so you get the best of both worlds with our process
  • Complete an eligibility checker form, as per FCA regulations
  • We will review your application using automated software. This process typically takes under 2 minutes with Personal Loans Now
  • Receive your pre-approval decision – remember, this is not an official acceptance
  • Proceed and fill out the application based on your offer
  • Make sure every piece of information you hand over is entirely accurate as this could delay the process.

You might receive a letter or email from a lender or a bank informing you that you’ve been pre-approved. This means that they have used the information available to them to see if you’re eligible for one of their products; your bank can see all of your spending habits and how you handle credit and will send you enticing offers from time to time if you meet the correct criteria.

Again, it is vital that you understand that pre-approval for a loan is not guaranteed approval. It’s simply an indicator and any lender is still within their rights to deny you at any point.

Can I Get Pre-Approved Personal Loans With Bad Credit?

If you’re looking at pre-approved personal loans bad credit can and will affect your result. You could be told you absolutely are not eligible or could be offered a small amount of money with very high-interest rates. Of course, this depends on the lender and your circumstances, but typically speaking, your chances of pre-approval are lower. At Personal Loans Now, we could offer you an instant pre-approved personal loan with a guarantor. Apply now to see if we can help you.

Confusing Terms Buster:




If you’re eligible for a loan, it means you meet all the basic requirements set out by the lender

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A soft search has been carried out on your credit file and your income and personal details marry up with the requirements of the lender




This means you MIGHT be approved providing you submit extra information to the lender, such as payslips or employment records


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Pre-approved Personal Loans

As a responsible lender, Personal Loans Now is committed to ensuring you only take out a loan if you really need to, and that you’re in a position to be able to pay it back in full, on time and are certain it won’t negatively impact your life. Remember, when considering pre-approved personal loans, bad credit will have an impact on your result. The best way to get on top of your finances is to create a budget and stick to it, making sure you’re regularly working to clear any debts you have and avoid taking out more credit wherever you can. If you’re struggling to keep your financial situation under control, there are many services out there who can help you get your head above water.

We are an FCA regulated lender and we follow all appropriate guidelines for your safety and ours. For an instant pre-approved personal loan decision, apply now to Personal Loans Now.

Written by: Kylie Jenson
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