Warning: Late repayment can causes you serious money problems. For help go to moneyadviceservice.org.uk

Online Loans

With Loanload

How much do you need?

Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

Why People Choose Us

You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.

Cheap Loans For Bad Credit

Getting a loan with a bad credit is not as hard as before. Nowadays, there are many lenders who are willing to offer their products to borrowers who are constantly rejected by banks and lending institutions. This is good news for everyone, even to those who are just starting to build credit. The options may not be as favorable as the regular loans but still, it is enough to help the borrower.

Having a low credit remark is inevitable and not all lenders will be considerate enough to your case. The financial mistake you’ve done in the past will hinder you from getting a loan smoothly because lenders will see you as a high-risk borrower. Rejection will happen over and over again unless you raise your credit score. But then again, there are now loan providers who are willing to assist you and surprising, you have a good number of options.

  1. Apply To Credit Unions

If you’re familiar with banks, then it’s not hard to understand credit unions. These two are almost the same but instead of being owned privately, it is owned by their members. The owners have something in common – they are from the same area or they are working from the same industry. Another difference is that it offers lower fees and better customer service.

  1. Peer To Peer Loan

This type of financial option has been in the industry since 2005 and it is popular with many borrowers who are having a hard time with banks. Instead of acquiring money from institutions, you may get it straight from individuals. The online platform provides a win-win situation for both the loan seeker and in the investor; borrowers get cheap loans for bad credit because of its low-interest rate while investors accumulate high-interest rates.

  1. Borrowing A Loan From Family Or Friends

Although the online peer loans are considerate enough, there will be times when your request is rejected. In this case, you may seek assistance from a family member or a friend instead. Have your transaction documented, just like how you do it with the lending institution. Create a written agreement that will record the payment terms, interest rates, and other conditions that you’ll both agree on. You may provide collateral if you wish and the consequence that will happen if you fail to repay.

  1. Appeal To A Guarantor

If loan agreement will not work with a family member or a friend, then you may opt for a guarantor loan. To start, you need to look for a person who has an excellent credit rating and a high income. Ask him to become your guarantor who will cosign with you in the contract. Although it could be anyone you know, it’s best if the guarantor will be someone who knows and trusts you and is willing to repay the loan in case you default.

If none of these options work, the best thing you can do is to improve your credit rating so that you can get a loan easily. It won’t be as easy as it sounds but it is surely worth it.