When you need a £50,000 loan that offers a low rate, at Personal Loans Now we can show you the best loan rates on the market. Searching 40+ direct lenders so you don’t have to, an application takes just 3 minutes to complete. We’ll provide you with a personalised table of offers so you can choose the best option for you. Click apply now to see the £50,000 loan offers for you.
Find the Best Loan Rates for £50,000 Through Us
Looking online for the right lender can be a long and slow process. With so many lenders to choose from, it can seem like a never-ending task. At Personal Loans Now, we want to help take the effort out of searching for the loan you want. We can make the whole process much easier to navigate. With our 3 minute application, you’ll be shown a personalised table of offers from 40+ direct lenders. All it takes is a few clicks and you can eliminate the need to manually search. All you have to do is provide us with a few personal details. This includes your date of birth and employment details, as well as the loan terms you want. We can then quickly search through all the lenders, so you don’t have to.
We’ve always got our customer’s best interests in mind when searching for loans that can help you. We’ll search the market to find the very best deals you’ll find anywhere. Applying for a £50,000 loan online through Personal Loans Now will ensure in minutes you have the best deals for your circumstances. The best thing about it is, you won’t need a credit search carried out to see your personalised table of offers. Instead, you’ll be able to review the £50,000 loan offers without a negative impact on your credit rating.
Am I Eligible to Apply for a £50,000 Loan?
If you want to apply for the best loan rates for £50,000, all you need to do is meet the following requirements:
- You are 18 years old or above
- You are a current UK resident
- You have a UK bank account
- You have a regular source of income
If you can say yes to these requirements, you are on the first step to finding £50,000 loans that match your requirements. Please be aware, if you meet these requirements, this doesn’t guarantee you’ll be approved for a £50,000 loan online. You’ll need to pass through a credit check first and have your affordability assessed as part of the approval process. This is all done very quickly, with a decision provided to you in 90 seconds once we have your loan application. If you want to see how much the interest and repayments could be on a £50,000 loan, use our secured loan calculator. You can easily see the approximate costs before you apply.
Why Choose Personal Loans Now for a £50,000 Cash Loan Online?
We can offer many great reasons to apply for a £50,000 loan through us. Including our quick and convenient online application:
- Completely Online Application – applying through us means no waiting for paperwork. Just an online decision in minutes.
- High Approval Rates – we can offer a high acceptance rate, and we’re proud to have approved 50,000 applicants so far.
- Instant Decision – once your application is processed, you’ll receive a decision in just 90 seconds.
- Same Day Payout – if approved, the £50,000 loan will be credited to your bank account on the same day.
- FCA Approved – we are an FCA authorised lender, following responsible lending guidelines to keep you safe.
If you have the information you need and want to receive a personalised table of offers, click apply now. We’ll get to work straight away, finding the best loan rates for £50,000 available for you.
Can I Apply for a £50,000 Loan with Bad Credit?
If you have bad credit and have found it difficult to receive the help you want elsewhere, we can look to help. We consider more than just your credit score. We’ll look at what you can actually afford and ensure that the lenders we connect you with can help you. We understand that if you have poor credit, the loan offers you may have found online may not be in your best interests. We want to help as much as we can and present you with the lowest rates available if you do have bad credit. Remember, you don’t need a credit check to see your own personalised table of offers. This means your bad credit score will not be affected further.
We cannot guarantee you will be approved for a bad credit loan, but we’ll show you the lenders who are best placed to help. You may find that applying for a £50,000 loan, as it is secured, may be out of reach. Or this type of loan may come with a much higher rate of interest. Some lenders will only be able to help you get an unsecured loan at a maximum of £7,500. You will have to carefully consider your options. With secured lending, you’ll need to have the option of securing a personal asset to the loan amount. For example, this can be a vehicle or property. If you do not have this available, you may need to look at other options.
£50,000 Loan FAQs
Can I Get a £50,000 Loan Unsecured?
If you want an unsecured loan, the maximum amount we can lend to you is £25,000. Any amount higher than this, up to £250,000, would need to be a secured loan. This is because, with higher amounts of borrowing, the risks become greater for the lender. For a £50,000 loan application, you would need to offer a personal asset as collateral to secure the loan. As responsible lenders, we would not be able to offer a £50,000 loan without added security.
Do I Need a Guarantor for a £50,000 Loan?
It is not a requirement to have a guarantor attached to a £50,000 loan. However, some lenders may ask for this depending on your circumstances. A guarantor loan allows you to co-sign the agreement with someone else. This person would need to have a good credit score amongst other conditions. With secured lending, you wouldn’t normally need a guarantor. This is because you would instead have a personal asset to help secure the loan amount.
What Are the Rates of Interest on a £50,000 Loan?
At Personal Loans Now, we charge a fixed rate of interest at 39.7% RAPR. This means the interest charge will not change during the loan term. If we cannot approve your £50,000 loan, other lenders we can connect you with may also charge a fixed rate of interest. The interest they charge can vary up to 99.9% RAPR, so you will need to carefully review the terms being offered to you. Additionally, a lender may charge a variable rate of interest, similar to a credit card. This is where the interest charge may increase as well as decrease during the loan term.
What Happens if I Miss Repayments on a £50,000 Loan?
If you feel you cannot make a repayment or will miss one, you should contact the lender as quickly as possible. This way, you’ll be able to come to an agreement with the lender on a suitable time frame to repay the arrears. If you cannot come to an agreement, the risk would be the lender may request the loan amount to be repaid in full. They may also take legal action to do so. You may also be liable for a late repayment penalty charge. This will be set out in your credit agreement if there are any.
Can I Borrow More than £50,000 through Personal Loans Now?
Yes, we can help you borrow up to £250,000 with secured lending. As long as you have the collateral and affordability to make repayments. Your credit score will also need to be good to be able to successfully apply for a much higher loan amount. Of course, with a higher loan amount, you may find that the loan term will be for longer, up to 15 years. The amount of interest applied will also possibly be higher. You will need to carefully consider if taking out a secured £50,000 loan is best for your circumstances. If you get into financial difficulty, you risk your personal asset being used to repay the debt.