Loan UK
Get a loan easily and quickly online – compare loans and get the money in your account today
Finding the best loan that suits your needs is not always easy. There are plenty of providers of big loans, quick loans, consumer loans and credit cards. Loan comparison is not always easy, and that’s why we want to help you get a clear picture of which loan is the most suitable for you and where you can get a loan easily and quickly.
When you need a loan, you can get it the fastest through the loan-uk.co.uk, at best even without interest. You can apply for a loan quickly and easily from a few hundred pounds up to tens of thousands of pounds. The loan.uk-co-uk service was created precisely for the purpose that those who need a loan get help with their financial situation just when the need strikes.
Our comparison includes all the best loan providers in the UK, which you can compare easily and quickly by submitting your loan amount and age. Our mission is to help those who need a loan quickly and to the best of our ability.
Sortter
- Hyvä suurille lainoille
- Halvimmat korot
- Myös yrityslaina
Benefits:
- Hyvä suurille lainoille
- Halvimmat korot
- Myös yrityslainoille
Requirements:
- 18 vuotiaille
- Luottotiedot kunnossa
Kun lainasumma on 10 000€, korko 7%, takaisinmaksuaika 5 vuotta ja avausmaksu 0€, kuukausierä on 198,01€, takaisinmaksettava summa 11880,6€ ja todellinen vuosikorko 7,23%.
Test Provider
- Checkmark 1
- Checkmark 2
- Checkmark 3
Benefits:
- Benefit 1
- Benefit 2
- Benefit 3
Requirements:
- Requirement 1
- Requirement 2
- Requirement 3
Kun lainasumma on 10 000€, korko 7%, takaisinmaksuaika 5 vuotta ja avausmaksu 0€, kuukausierä on 198,01€, takaisinmaksettava summa 11880,6€ ja todellinen vuosikorko 7,23%.
Another test provider
- Checkmark 1
- Checkmark 2
- Checkmark 3
Benefits:
- Benefit 1
- Benefit 2
- Benefit 3
Requirements:
- Requirement 1
- Requirement 2
- Requirement 3
Kun lainasumma on 10 000€, korko 7%, takaisinmaksuaika 5 vuotta ja avausmaksu 0€, kuukausierä on 198,01€, takaisinmaksettava summa 11880,6€ ja todellinen vuosikorko 7,23%.
Applying for a loan online
The entire loan process takes place online and you don’t have to get up from your couch. The easiest way is as follows:
- Compare the best loan providers in our website
- Fill out the application on the loan providers service
- You will receive the best loan offers sometimes even in minutes after applying
- Choose the best offer and withdraw the money to your account quickly
- The whole process is over in less than 30 minutes, and you can use the money right away
Starting the loan process – what is most important?
You should start looking for a loan by determining the need: for what use do you need a loan and how much money do you need? Perhaps you need a car loan or renovation loan? When you know how much money you need, you can narrow down the loan offers that are suitable for you based on the loan amount directly from the slider in our website. Your age can also have an effect, so limit the age as well.
It’s not a good idea to borrow too much, or for a pointless purpose, but it’s good to set aside a little extra for, say, interior decoration or renovation, because surprises can come.
An affordable loan – how can you apply for it?
Almost all online loans are affordable in terms of interest and other costs. The crazy days for quick loans are over because of legislation, so all loans are basically affordable. In addition to the interest rate, other expenses are also limited, so no unexpected additional expenses can arise from them either.
Many factors affect the affordability of the loan; interest, repayment and billing allowances. Sometimes a quick loan with limited interest repaid quickly is the cheapest way, sometimes a longer loan with a larger amount and low interest is a better option. There is no one right way to apply for a loan, but the need for a loan determines what kind of loan the applicant should take.
The cheapest loan quickly 24/7
You can also apply for a loan online around the clock, as a large part of the loan approval process is automated. So you can easily apply for a loan at any time of the day. With other loan providers, the decision may stretch over the weekend to the next business day, but this is quite rare these days.
So time is not an obstacle to apply for a loan when the need strikes or you have a suitable moment to fill out the application. When transferring the money, however, you should note that depending on the bank granting the loan and your bank as well, the transfer may not take place until the bank’s opening hours the following day.
Remember when applying for a loan
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1.What do you need the loan for?
There may be situations in life when you need a loan. New home purchases, home renovation, new car, trip abroad, boat or any other dream you want to realize. Always before taking on debt, think carefully about why you need the loan.
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2.How big of a loan do you need?
Granted loan amounts vary usually between £100 and £70,000. The amount of loan one needs depends on the purpose of use and other life situations. Think about how big of a loan you need to make this purchase or dream come true.
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3.What is the right type of loan?
The right type of loan is determined by whether the need is one-time or possibly recurring. A consumer loan is suitable for example for renovations, while a credit card type of loan is better for balancing expenses on a monthly basis.
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4.Right loan termThe loan term is determined according to your ability to pay it back, as well as your desire. The loan amount must always be repaid. How fast you want to do it – you decide. Choose a suitable monthly installment that you can easily shorten and see the loan period determined for the loan amount you choose with our loan calculator.
Online Loan
You don’t need collateral
Quick and easy to apply, decision in minutes
You can bid on several banks at once
There is no need to specify the intended use
Bank Loan
You usually need collateral for a bank loan
The loan decision may take days
You only get one offer from your own bank
The bank wants to know the purpose of the loan
Why is an online loan better than a traditional bank loan?
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The ease and speed of the service
You can get an online loan quickly from home or by phone from anywhere, while the bank loan process is much slower and more laborious and may require an appointment and meetings.
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Purpose of the loan
In a bank loan, you have to explain why you need the loan, whereas with an online loan you don’t have to explain anything. However, it is good that you yourself know what you are going to apply for and use the loan for.
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Online loan and bank loan interest rates
A bank loan is not automatically always cheaper than an online loan, because the interest rate is limited in consumer loans and quick loans. There are also stricter criteria for granting a bank loan than for granting an online loan. So if you want to borrow easily and quickly, an online loan is for you. The only loan that you can’t actually apply for directly online is a mortgage. In this case, it is good to turn to the bank.
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Easier comparison with loan calculator
The loan calculator is a very handy tool when applying for a loan online, when you want to determine the appropriate monthly installment for your loan. With the loan calculator found on our website, you can easily adjust the loan amount and repayment period and see an indicative estimate of how much the loan should be repaid per month. When you find a suitable monthly installment and loan amount and repayment period, you can easily proceed directly to apply for a loan.
Loancalculator
- First round:
- Total costs:
- Total amount of interest:
- Total debt:
| Month | Payable | Loan repayment | Interest rate | Outstanding loan |
|---|
Applying for a loan online is easy
Borrow up to £70,000 by phone
Loan easily and quickly to your account
Borrow easily online from the Loan UK service
The easiest way to apply for a loan is online by choosing the best loan provider from our website and applying for a loan on their service.
Our list of loan providers is reliable and covers the most trustworthy and best financial institutions on the market. You don’t need any collateral on these services, so our service is suitable for almost everyone who needs a quick loan.
Five tips for applying a loan
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1.Make sure you meet the conditions for obtaining a loan
Usually anyone over the age of 18 who has credit information, regular income and online banking credentials can apply for a loan.
There are many exceptions to the conditions for obtaining a loan though. Sometimes the applicant is required to be older than 18, for example 20 or 23, but this depends entirely on the lender and their policy.
Regular income is needed because the lender, i.e. a bank or financial institution, also in online loans, wants to make sure that the loan applicant has income that can be used to repay the loan. The more income there is, the easier it is to get a loan, because the applicant has the ability to pay in the eyes of the credit provider. The credit provider may not check/be able to check these declared incomes, but it does not directly mean that you should exaggerate your income in the loan application.
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2.Compare financial institutionsComparing loan providers no longer requires sending information to many places, but you can do it easily through the loan-uk.co.uk service, which compares the offers of many financial institutions on your behalf.You can choose the option that best suits you from the financial institutions in our comparison, justifying the loan amount, interest rate, repayment period and your age. For example, the cheapest loan may not be the best for you if the repayment would have to be made too quickly and in too large monthly installments. For this reason, after bidding for a loan, you should always be careful about all conditions, interest rate, repayment period, estimated monthly installment, other loan management costs, establishment fee and invoicing supplement.
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3.Find the truly cheapest loan based on total costs
The price of the loan is comprised of interest rate and possibly other fees such as the initiation fee/organization fee and the monthly billing supplement as we mentioned above. It is not possible to determine directly from the interest rate of the loan which is the most favorable loan for you as a whole. Generally, however, the cheap interest rate is a more important element than the billing surcharge when the loan amounts grow larger.
Finding the cheapest loan is still relatively easy when you get an offer in which all these costs are taken into account for the entire repayment period of the loan.
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4.Apply for a loan for the right need
Typically, a loan is applied for larger one-time purchases such as decorating, household appliances that cost hundreds or thousands of pounds, or even for a wedding. The advantages of flexible quick loans and borrowing online are generally that they do not require collateral and the bank usually doesn’t need to ask about the purpose of the loan. Only in larger loan amounts, when we are talking about loans of more than ten thousand pounds, some lenders ask about the purpose of use or require collateral in order to grant the loan. But basically you decide what you use the loan money for and that is your business.
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5.Combine loans using our serviceOne very typical and reasonable reason for applying for a loan is to consolidate old high-interest loans into one more affordable loan. At the same time, you can agree on a new monthly installment and payment schedule that suits you.In this case, you can pay off all your old loans with one loan, and you will be left with one loan, one processing fee and one interest rate, and only one debt agreement. Using the Loan UK service, it is easy to combine loans into one cheaper loan.
Conditions for obtaining a loan
After making sure that you meet the requirements of most financial institutions, you can apply for a loan online easily and effortlessly.
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18 years of age
The condition for granting a loan is at least 18 years of age. Others require a higher age of 20, 23 or even 25 years. The requirements will be known automatically when you compare the services through us while using your age in the comparison slider. You only get offers from those services that grant loans to people your age.
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Regular income
Several loan providers require regular income from the loan applicant, which serves as proof that you are also able to repay the loan.
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Good credit rating
Typically, sufficiently good credit rating is also required to grant a loan. So you should always pay your bills on time and avoid lowering your credit rating.
For what purposes can I apply for a loan?
The typical loan amount of an unsecured loan is approximately 500 to 70,000 pounds. The following is a list of the most common purposes for which people apply for a loan in the UK through us.
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1.CarWhen buying a new or used car, you should always look for the cheapest loan offer.
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2.Home applianceSometimes a home appliance can break down unexpectedly, in which case applying for a loan can become timely.
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3.RenovationHome renovation is a common reason for applying for an unsecured loan online.
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4.WeddingA wedding is often something that people want to invest in. With the help of an affordable loan, the expenses of the wedding stay under control.
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5.FuneralThe passing away of a loved one may also cause an unexpected expense, in which case applying for a loan may be timely.
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6.Home decorationDecorating the home is a popular pastime, and many buy furniture for a new home, for example, with the help of a loan.
Information about loans that are applied online
Borrow online with online banking credentials
Almost all online loans, instant loans, consumer loans and credit cards, are applied for specifically by identifying yourself with online banking credentials to loan services. It’s easy and convenient, and you don’t have to send photos of your driver’s license or passport anywhere. The system asks you to log in with your online banking credentials, after which filling out the loan application is a breeze.
A small loan immediately to your bank account
If you need a quick loan right away, the easiest and fastest way is to compare the loan providers in our service and then fill out an application in the loan provider’s website.
The cheapest loan online
The cheapest loan is usually the one with the cheapest interest rate. This applies especially if the loan amount increases and the loan term becomes longer.
There may be exceptions if:
- the loan amount is relatively small and the cost of establishing the loan is high
- the monthly billing allowance is high
Different types of loans
There are several types of loans, but the principle is the same in all of them. You are granted a loan and you have to pay it back within the agreed time, which is the basic idea. At least the following loan types exist:
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Consumer creditNowadays you can get a consumer credit of several tens of thousands of pounds, up to 50,000 – 70,000 pounds, but typically it is a credit granted up to a credit limit of around 4,000 – 20,000 pounds, which people use for various slightly larger than normal or otherwise unexpected expenses. Such expenses can be, for example, a car, household appliances, renovation, wedding, funeral, decoration or combining other loans into one loan.
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Flexible creditOne subtype of consumer credit is flexible credit. It is typical for this kind of credit that a single maximum credit limit has been granted for the loan, which the customer can use in smaller amounts as needed and always repay only according to the amount of the loan used, or a part of it. A typical example is a credit card with a credit limit of, say, 10,000 pounds.
The customer can use money as needed for a longer period of time with a total of 10,000 pounds on credit, for example to decorate, and always pay for the repayment of the loan according to the amount used.
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Quick loanThe term “quick loan” can be used to classify all loans that can be quickly credited to the customer’s account. The idea of a quick loan is to get money quickly at the customer’s disposal when the need arises. Such loans can be at least from the following loan categories: Flexible credit and bank loan, and the amounts are typically from 50 pounds up to 10,000 pounds.
The advantages of a quick loan are the quick movement of money and typically its quick repayment, sometimes even without interest or with really low interest if the loan is repaid, for example, on the next payday.
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Bank loanBack in the days, a bank loan was the most typical form of loan, which was usually applied for at “your own bank” where you had to do business anyway. Even today, bank loans typically require collateral, and for that reason it is a difficult way for many to get a loan easily or quickly. Some banks are more flexible than others, but if you have to wait in line for transactions or it takes a long time to get a decision, it is not at the level of today’s lending, when the customer can easily get a loan by applying directly online and the loan decision almost immediately.
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Unsecured loanSome of the loans are granted without any collateral, on the basis that you have a job and income or you are an entrepreneur and you have income from your business and the lender believes that you can repay the loan within the agreed time. These are so-called unsecured loans, or “loans without collateral”.
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Secured loanTypically, in larger loans, an object or type of property is given as collateral, these are called collateral for the loan, and the loan type is a secured loan. For example, you can use your own apartment, shares, debentures or other realizable things that the bank can sell if necessary and get the loaned amount back from you as collateral for the loan. Typically, for example, the collateral for a car loan is a car that is purchased with the loan money.
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Credit cardNowadays, credit cards are available online in many different formats, such as a traditional physical credit card and a virtual credit card.
In practice, a credit card applied for online works almost the same as other loans, but the difference is that the money is available through the credit card instead of the money being transferred directly to your bank account.
Customer testimonials
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Chris, Manchester
5/5 starsLoan-uk.co.uk has been a really useful tool in finding a loan. The website is clear and easy to use, and I was able to compare different loan options without difficulty. I am very satisfied with the service and I definitely recommend it to everyone who is looking for an affordable loan!
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Oscar, London
5/5 starsI have always found comparing loans challenging, but your service made the process simple and straightforward. I found a suitable loan for me easily and very quickly.
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Margaret, Birmingham
5/5 starsLoan-uk.co.uk was a really big help when I was looking for an affordable consumer loan. The loan comparison was easy and fast, and I especially appreciated that the site also offers useful tips and information about applying for a loan. Definitely the best loan comparison site!
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Arthur, Bradford
5/5 starsI have used the Loan UK service several times, and it has always been a reliable and efficient service. It has helped me find the best loan offers and save money. Thanks for the great service!
Loan online to someone with a bad credit rating
How does bad credit rating affect the granting of a loan?
A big question that worries many people is, can you get a loan online or from a bank with a bad credit rating?
Quick answer, yes you can! People with a bad credit rating can get a loan, but usually on a somewhat limited basis. In practice, not having good credit rating means that a person has a payment default record. Payment failure notices can be received for several different reasons, and depending on the reason, the quality of the notice and its expiration also vary.
If you have a non-payment notice, you can still get a loan in the following ways:
- Quick loan
- From your own bank
- From loan services that grant loans against collateral or pledge
- Social loan
Getting a quick loan for a person with a bad credit rating can be tricky, but nothing stops you from trying. If you do get a rejected decision, at least you know the situation for sure. After that, your best option is either a pawnshop, where you can get a loan against a pledge, e.g. a watch or jewelry that has a clear resale value.
You can ask your own bank for a loan against collateral, such as an apartment, shares, or other realizable property. The bank responsible for these collaterals may grant you a loan.
Consolidation of loans
Consolidation of loans means that several different loans are combined into one loan. Consolidating loans simplifies the loan payment and can often lead to significantly cheaper interest costs and the total cost of the loan. Consolidating loans can help avoid payment problems, which can be useful in terms of maintaining credit rating, and thus also in future loan application situations.
In the case of companies, consolidating loans can help reduce interest costs and get the amount of debt under control, which can be useful for the company’s growth or, in tight situations, also for survival.
Using the Loan UK service, combining loans couldn’t be easier: Just compare the loans among several loan providers on our website according to the needed loan amount and your age. After choosing the cheapest loan provider, applying for a loan in their website, and receiving the money in your account, you can pay off your old loans.
What will my loan cost?
It is important to find out what the monthly installment for the loan you want will be. Whether you’re looking for a loan of 5,000 pounds or 20,000 pounds, the Loan Calculator on our website will help you calculate how big a loan you can afford. Smaller loans often have higher interest rates, which directly affects the price of the loan. By applying for a longer-term loan, you can lower the size of the monthly repayment installment.
In the table, you can find an example of a 9% loan with a loan period of 60 months.
Example loan calculation
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Loan amount |
Time |
Interest rate |
|---|---|---|
|
£10000 |
60 months |
9 % |
|
Monthly payment |
Total costs |
Effective annual interest rate |
|
£207,58 |
£12454,80 |
9 % |
Frequently asked questions
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Where can I get the cheapest loan in the UK?
You can easily search for and compare the cheapest loan in the UK on our website from the loan table where the loan providers are listed.
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How to apply for a loan online?
Applying for a loan online can be done with online banking credentials. You can find the different options on our website listed and rated with different criteria.
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What is the most important thing in applying for a loan in the UK?
You should start looking for a loan by determining the need, for what use do you need a loan and how much? Perhaps you need a car loan or renovation loan. When you know how much money you need, you can narrow down the loan offers that are suitable for you based on the loan amount directly from the search.
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Affordable loan – how can you apply for it?
You can apply for an affordable loan directly online to your account and from several providers at the same time. Loan comparison is easily done in minutes in our website. The affordability of the loan is affected by many factors, interest, repayment and invoicing surcharges.
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Which one is cheaper, an online loan or a bank loan?
The interest rate is determined by the applicant, the loan need and the loan provider. The comparison of loan costs is easier online and usually traditional banks want collateral for their loans. Online lending does not require this.
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For what purposes can I apply for a quick loan?
Typically, a loan is applied for larger one-time purchases such as decorating, household appliances, a car, renovation, home electronics or other purchases that cost hundreds or thousands of euros, or for example a wedding.