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ONLINE LOANS IN THE UK

There are several types of online loans in the UK; these loans have many benefits ranging from availability 24hours a day, have minimal documentation, quickly disbursement, the process is faster and are user convenient.  There are several factors that an applicant needs to consider before applying for an online loan. These factors are representative rates, loan term, age limit, loan amount, minimum income and whether one has a guarantor or not.

If you are a resident of the UK you can consider the following online loans the next time you require a loan facility;

1. Leap Personal Loan

Leap Personal loans are characterized by:

  • The maximum age for an applicant is 55 years and the minimum age is 18years.
  • Minimum income for an applicant is 2,800Pounds.
  • The representative fixed APR of 3%
  • Loan term ranges from 1 year to 5 years.
  • Loan amount ranges from 500 Pounds to 15,000 Pounds.
  • Eligible for UK residents.

 

AA Personal Loan

AA Personal loans are characterized by:

  • Online Loan amount ranges from 1,000 Pounds to 25000 Pounds.
  • The representative fixed APR of 3.4%
  • Loan term ranges from 1 year to 7 years.
  • Minimum age is 21years.
  • The minimum income is 12,000 Pounds.
  • Eligible for UK residents.

 

Post Office Money Personal Loan

Post Office money personal loans are characterized by:

  • Online Loan amount ranges from 1,000 Pounds to 25,000 Pounds.
  • Loan term ranges from 1year to 7 years.
  • The representative fixed APR of 3.4%
  • The minimum age is 21years.
  • Minimum income is 12,000 Pounds
  • Eligible for UK residents

 

Hastings Direct Personal Loan

Hastings Direct Personal loans are characterized by:

  • Loan term ranges from1 year to 5years.
  • The representative fixed APR of 3.8%
  • Loan amount ranges from 1,000 Pounds to 25,000Pounds.
  • One has to be a homeowner to apply for this loan.
  • Maximum age is 74 years while minimum age is 18years.
  • The minimum income for applicant is 10,000 Pounds.
  • Eligible for UK residents.

 

Zopa Personal Loan

Zopa personal loans are characterized by:

  • Loan term is 1 year to 5 years.
  • The loan amount ranges from 1,000 Pounds to 25,000Pounds.
  • The representative fixed APR of 8.7%.
  • The minimum age is 20years.
  • The minimum income for applicant is 12,000 Pounds.
  • Eligible for UK residents.

Monevo Personal Loan

Monevo is not a lender but a credit broker.

There loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 35,000Pounds.
  • Loan term ranges from 1 year to 5 years.
  • The representative fixed APR of 10.6%
  • Maximum age is 75 years while minimum age is 18years.
  • The minimum income for applicant is 7,000 Pounds.

Shawbrook Bank Personal Loan

Shawbrook bank personal loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 35,000Pounds.
  • Loan term ranges from 1 year to 7 years.
  • The representative fixed APR of 14.9%
  • Maximum age is 75 years while minimum age is 21 years.
  • The minimum income for applicant is 15,000 Pounds.

Koyo Personal loan

Koyo personal loan are characterized by:

  • The loan amount ranges from 1,000Pounds to 7,500Pounds.
  • Loan term ranges from 6months to 5 years.
  • The representative fixed APR of 19%.
  • Minimum age is 18 years.
  • A fair credit rating is considered.
  • Eligible for UK residents

Lendable Personal loan

Lendable personal loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 20,000Pounds.
  • Loan term ranges from 1year to 5 years.
  • The representative fixed APR of 27.9%.
  • Minimum age is 18 years.
  • Minimum income for the applicant is 9,600Pounds.
  • A fair credit rating is considered.
  • Eligible for UK residents

Aspire Money Personal Loan

Aspire money is not a lender but a credit broker.

These loans are characterized by:

  • The loan amount ranges from 500Pounds to 25,000Pounds.
  • Loan term ranges from 1year to 5 years.
  • The representative fixed APR of 30.6 %
  • Minimum age is 18 years while the maximum age is 65 years.
  • A poor credit rating is considered.
  • Eligible for UK residents.

Likely Loans Personal Loan

Likely loans personal loans are characterized by:

  • The loan amount ranges from 500Pounds to 5,000Pounds.
  • Loan term ranges from 1year to 3 years.
  • The representative fixed APR of 59.9 %
  • Minimum age is 18 years.
  • A good credit rating is considered.
  • Eligible for UK residents.

Bamboo Personal Loan

Bamboo personal loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 8,000Pounds
  • Loan term ranges from 1year to 5 years
  • The representative fixed APR of 69.9 %.
  • Minimum age is 18 years.
  • A poor credit rating is considered.
  • Eligible for UK residents.
  • A guarantor is required.

George Banco Personal Loan

George Banco Personal Loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 5,000Pounds.
  • Loan term ranges from 1 year to 5 years.
  • The representative fixed APR OF 79.9 %
  • Minimum age is 18 years.
  • Minimum income for an applicant is 15,000Pounds.
  • A poor credit rating is considered.
  • Eligible for UK residents.

Everydayloans Personal Loan

Everydayloans Personal Loans are characterized by:

  • The loan amount ranges from 1,000Pounds to 15,000Pounds.
  • Loan term ranges from 2years to 5 years.
  • The representative fixed APR of99.9 %
  • Minimum age is 21 years.
  • Minimum income for the applicant is 15,000Pounds.
  • They consider even a poor credit rating.
  • Eligible for UK residents.

The above loans are all Personal Loans. There are other online loans like Payday loans, small business loans and many more.