At Personal Loans Now, we can make searching for the best low rate loans easy. With just a few details, we’ll show you 40+ lenders who can help. Whether you’re looking for low rate loans for £10,000 or £250,000, we have the means to show you what is available to match your requirements. You only need to complete one application to have access to the entire market of low interest rate loans. So, click apply now, and we can help you find what you’re looking for plus instant approval.
What are the Best Low Rate Loans?
You’ll find many lenders out there when looking online, all able to offer quick loans that can make a difference. But, have you found that some offer high rates of interest for what you need? Why pay more than you should for a loan when there are lenders available offering low interest rate loans. We can show you a personalised table of offers, showing low rate cash loans that are hard to ignore. To be eligible to find the best low rate loans, you will need to meet the following requirements:
- You are aged 18 years or older
- You have a UK bank account
- You are a current UK resident
- You have a regular source of income
Meeting the above requirements are a minimum and do not guarantee you will be approved for low rate loans. You’ll need to go through credit and affordability checks as part of the approval process for low rate loans. If you have good credit and the affordability, you’ll have a better chance of receiving the best low rate loans.
Low Rate Loans for Bad Credit
If you do currently have bad credit, this doesn’t necessarily mean you won’t find low rate loans available. At Personal Loans Now, we have helped many applicants with good and bad credit find a great rate loan. As a direct lender, we can approve a loan application ourselves. But if we can’t approve your loan, we’ll connect you with other direct lenders. They will be willing to approve a low interest rate loan for bad credit. We look at your current affordability when processing your application and not just your credit score. This is why we have high acceptance rates, having helped 50,000 applicants find low rate cash loans that work for their circumstances.
Please note, if you have a poor credit rating, interest rates may be much higher than if you had a good credit rating. We’ll find you the best low rate loans for your circumstances. However, this could still mean the best rates available for you are higher than average. A guarantor loan may be a better option for you if you find your credit rating is currently very poor. By having someone co-sign your credit agreement, the risk to a lender would be much less.
Why Choose Personal Loans Now for Low Rate Loans?
At Personal Loans Now, we offer many benefits to applying online with us. One of those being our quick and convenient online service. Some other reasons people have applied through us previously include:
- Fully Online Application – You can fill in a loan application with us in just 3 minutes. Completely online without having to wait for paperwork to sign.
- Low APR Loans – we search the entire loans market, so you don’t have to, finding the best low rate loans available for you.
- High Approval Rates – we are proud to offer high acceptance rates on low rate loans, with 50,000 applicants approved already.
- Instant Approval Process – we can provide you with loan approval in just 90 seconds.
- Same Day Funding – once approved, you can receive the funds on the very same day.
If you need further reasons to apply through us, we are always happy to discuss our loans and application process. Please don’t hesitate to contact us to discuss low rate loans further with our friendly and knowledgeable staff.
Low Rate Bank Loans or Online Direct Lenders?
Traditionally, the only way to get secured borrowing was by visiting your bank. You may have found options were limited as well. Today, there are many FCA authorised direct lenders available online, including ourselves. They can offer secured loans without having to visit a physical store or wait for paperwork to be sent to sign. Our secure online service will provide you with a full overview of the secured loans market. This will show you a personalised table of offers that match your requirements. You may still find low rate bank loans when searching for the best rates available. With so many other lenders available, the options are much greater. This means the market is much more competitive.
Low Rate Loans FAQs
Are Low Rate Cash Loans the Best Option for Me?
Depending on what your current circumstances are, low rate loans can be a great option for many applicants. The main benefit is the lower interest to be paid and the instant pay out once approved. Because they are secured borrowing, applying for low rate loans may be difficult. Especially if you do not have the collateral to secure against the loan amount you want. If you’d rather have an unsecured loan, we can also help you find the lowest rates on personal loans too.
What’s the Maximum I Can Borrow with Secured Low Rate Loans?
As it is a secured loan, the maximum you can borrow is much higher than with a personal loan. You can apply for low rate loans up to £250,000, dependent on your current finances and affordability. Remember, to apply for any form of secured lending, you’ll need to have an asset attached to the loan. For example, if you were applying for a £250,000 loan, you would need to have the collateral to cover the cost. For example, property that can at least cover the cost of the loan if for some reason the loan defaults. You’ll need to consider whether this type of loan is right for you and if you have the assets to cover repayments.
Is it Safe to Apply Online for Secured Loans?
Absolutely, we use a secure website to ensure personal details entered during application are kept safe. We will only share with the lender you want to apply with. We’re an FCA authorised direct lender and broker. All the lenders we can connect you with are also FCA authorised. This means all the lenders you can receive low rate loans from are responsible lenders. They’ll ensure you’re treated fairly and securely throughout.
What Happens if I Miss Repayments?
If you miss repayments or cannot meet repayments, you’ll should contact the lender at the earliest opportunity. If you can’t arrange a suitable time frame to repay, you’ll risk the lender taking legal action. In the worst-case scenario, this could mean them asking for the full loan term to be repaid. With secured borrowing, you may have to provide the asset set out as collateral to repay the debt. For example, you may have to sell your property to settle the dispute.
Can I Get Low Rate Loans if I’m in Financial Difficulty?
If you’re in financial difficulty, as responsible lenders, we cannot provide you with lending. With a bad credit score, lenders won’t be able to approve the loan if it puts you into financial difficulty. If you haven’t already, we recommend you work out your full income and outgoings. This way you will be able to see your exact disposable income. If it shows a very small or negative amount, then applying for low rate loans will have a negative effect. If you need further help, we recommend contacting the Money Advice Service or Citizens Advice. These organisations will be able to offer impartial financial advice to help you.