If you’re looking to apply for a £25,000 loan, we can help you find the best rates available here at Personal Loans Now. With our credit on demand system, we can search the entire loan market to find you direct lenders. We’ll show you who are best placed to offer £25,000 loans with the repayment terms you want. You only need to fill in one application form to be able to have access to 40+ lenders. You won’t need a credit check to see your own personalised table of offers. Click apply now, and we can get started on finding you the best available rates on a £25,000 loan today.
How Can I Get a £25,000 Loan?
To be eligible to apply for a secured £25,000 loan, you’ll need to meet the following eligibility:
- Be aged 18 years or over
- Are a current UK resident
- Have a UK bank account
- Have a regular source of income
If you can say yes to the above, then click apply now, and we can show you the £25,000 loans available to you. The above eligibility is a minimum requirement. It does not guarantee you’ll be approved for the £25,000 loan you apply for. You’ll undertake a credit search as part of the approval process, as well as a full affordability check. Additionally, the loan amount will be for a secured loan. As part of your application, you will need to provide the collateral you can offer as security.
With a secured loan amount between £25,000 up to £250,000, direct lenders will need this additional information for approval. An applicant will need to use a personal asset of value, such as a property or car, to secure the loan. The risk of lending to someone a higher amount is reduced. This is because if payments are missed, the secured asset will be used to repay the full term or arrears. Because of this, you will need to carefully consider whether a secured £25,000 loan is the right form of borrowing for you. If you would prefer to borrow an unsecured amount, we recommend looking at a personal loans between £1,000 up to £25,000.
Can I Get a £25,000 loan with Poor Credit?
At Personal Loans Now, we consider your full financial situation before making a decision. We look at your credit rating as well as your current affordability as part of the approval process. This is, so we can assess what you can afford to borrow. For this reason, we can offer loans not just for applicants with good credit, but also £25,000 loans with poor credit. Whilst we cannot guarantee you’ll be approved, we can show you what is available without the need for a credit check. The personalised table of offers will allow you to make an informed decision. This way you can ensure you proceed with a secured £25,000 loan that’s best for you.
If you do have bad credit, the very best rates may not be available to you. We’ll search the market to find the best available rates that match your circumstances. Some direct lenders may only be able to offer you a £25,000 loan with poor credit with slightly different terms. For example, they may offer a shorter lending term, or a higher amount of interest applied. If you want to see what you could afford to apply for, use our handy secured loan calculator. This will allow you to see how much repayment and interest would be charged for the £25,000 loan you want.
Why Should I Apply for £25,000 Loans Through Personal Loans Now?
We can offer many great reasons to apply for a £25,000 loan through us, including:
- Fully Online Application – You can apply completely online, no waiting for paperwork to be signed first.
- Low APR Rates – we can search the secured loans market to find you the lowest APR rates available.
- Instant Approval – we can provide you with a decision in just 90 seconds.
- Same Day Funding – once approved, we will credit your bank account with the loan on the same day.
- High Acceptance Rates – we’re proud to offer high approval rates. We’ve helped 50,000 applicants just like you receive the funding they need, and we’re ready to lend more.
Our convenient online application provides a quick way to apply for borrowing. With our access to 40+ direct lenders, you’re in a great position to see what’s available. Use Personal Loans Now to get a £25,000 loan that works for you. Click apply now to see what we can do for you today.
£25,000 Bank Loan Vs Online Direct Lender Loans
When searching the market for a great rate secured loan, you’ll find many options available. This includes options from both banks and online direct lenders. Whilst both are great options, you may find a secured £25,000 bank loan comes with higher interest. Sometimes, banks may charge a higher rate for the loan you want. Online direct lenders can be an attractive option due to the lower rates of interest. You won’t have to visit a physical bank and an application for a loan will be completely online. This makes applying for a loan much quicker and more convenient. Add to that same day funding when approved, you may find applying to a direct lender could be the better option for you.
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£25,000 Loans FAQ
Do I Need a Guarantor for a £25,000 Loan?
It’s not a requirement to have a guarantor for a £25,000 loan application. However, depending on your current finances, this may help you get the approval you want. Some lenders may require you to have someone co-sign as a guarantor to add security. Typically, guarantor loans would be for amounts less than £25,000, with secured loans applying for anything up to £250,000. If you have a poor credit rating, having a guarantor will help increase the chances of you being accepted. Normally, the amount you can borrow will be limited to under £25,000.
How Can I Find the Best Rates on £25,000 Loans?
To be able to see the best rates available on a £25,000 loan, you’ll need to have a good credit rating. You’ll also need affordability to make repayments, without it causing a strain on your existing finances. If you’re not sure what your current credit score is, a credit reference agency can show you. Agencies such as Experian can help you to see what this is. By doing so, you’ll see before you apply for a loan the information a lender can see. You’ll be able to make an informed decision on whether your finances are in the best position. We recommend you work out your income and outgoings if you’re not sure how much disposable income you have. This way, you’ll be able to see exactly what you can afford.
What Happens if I Miss Repayments on a Secured £25,000 Loan?
If you do miss repayments, you should contact the lender at the earliest opportunity. This is so you can agree on a reasonable time frame to repay the arrears. By missing repayments, you run the risk of your assets being used to repay the arrears or even the full loan term. A lender can take legal action as per the credit agreement to reclaim any losses. Because it is a secured loan, a lender can request the assets you have put against the loan is used.
Can I Get a £25,000 Loan with No Credit Check?
No, as part of your application you will need to have a credit check performed to assess your affordability. We are an FCA authorised lender of secured loans. All the lenders we connect you with cannot offer lending without a credit check. If you do find lenders online that can offer you a loan without a credit check, we recommend you do not use them. Without a credit check, a lender cannot properly assess if you can afford the loan you want. It increases the risk to you as well as themselves.
Do I Need to be a Homeowner to get a £25,000 Loan?
It is not a requirement to be a homeowner to apply for a secured £25,000 loan. However, if you’re a homeowner then this can help your application. If you already have a mortgage, this will have a positive effect on your credit rating. It will increase the likelihood that you will be accepted. Another reason being a homeowner can help is you’ll have a property that can be used as collateral. It is not essential to be a homeowner. However, for higher loan amounts, lenders will ask for this as a requirement. Be sure to check the credit agreement to see any further conditions that may be required.