Unsure you will get accepted for a Loan?
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If you need a small loan up to £2500, deposited within 10 minutes* United Kingdom Loans can help. You can apply in minutes and have a decision within seconds of submitting your application. Our service operates 24 hours per day, 7 days per week. You can therefore apply for cash loans any time of the day or night!
Our small loans are typically repaid over an agreed length of time that suits your particular situation. A typical amount you can borrow is between £50 and £2500. United Kingdom Loans have options of repayment that range from 3 months to 18 months. This would be dependent upon what type of loan you require and how much you would like to borrow.
We have an eligibility checker that has been designed to help determine suitability for a loan. Simply select the amount you would like to borrow, how long you would like the repayment to be, how much you earn and your employment status and our bespoke, 100% anonymous installment loans checker system will display what percentage chance you have of being accepted.
This type of lending can be helpful for times when you need to borrow funds online. A small loan application will take around 2 minutes to complete. There is an option of lending up to £2500, with repayment terms up to 18 months.
Once you have received your instalment loan amount, if for any reason you think you will be unable to meet any arranged repayments, or if you think there will be any difficulty repaying any part of your loan, then you must contact the provider of your loan directly as soon as you become aware.
Contacting your lender will provide you with the best opportunity to perhaps reschedule your loan repayments or discuss further options in more detail to avoid adverse action. Changing repayments of your loan amount could incur further charges or interest, the details of which can only be discussed directly with the lender of your payday or instalment loan. If no attempt is made to contact your lender and update them on any circumstantial changes or make the lender aware of any difficulty in paying back what you owe; they reserve the right to pass on your details to third party debt collections agencies or organisations that will attempt to recover the debt.
Lenders usually reserve the right to utilise the Continuous Payment Authority to continue to attempt to take payment from your card up to 90 days past your due date. This is only done if it is in line with the terms of your agreement. Please check your own Terms and Conditions on your signed loan agreement for details.
The implications of non-payment of your loan could include adverse details being included within your credit report. This could adversely affect future attempts at securing credit or finance, in addition to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incur a charge/fee that will be added on to the total amount that you owe. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new re-payment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, UK Loan Company strongly recommends that you contact the lender in the first instance.
– Don’t borrow money if you know you will struggle to pay it back
– Don’t ignore the situation, contact your lender as your first port of call
Please be aware that if do not repay your loan at the agreed date between yourself and your lender, this will result in your lender reporting your case to the Credit Reference Agencies; which may have a negative effect on your credit score. This may negatively impact your ability to obtain credit in the future for services such as car finance, mobile phone contracts or satellite TV subscriptions. Should you default, you may be charged a collection fee (which varies from one lender to another), plus interest on the balance outstanding at the interest rate payable under the agreement. You must pay your lender any reasonable expenses and costs that may be incurred in taking steps to enforce (for example, via County Court Judgments), or attempt to enforce, the lenders rights against you under your agreement.
Your lender may be willing to renew your loan. Should you wish to do this you should contact them as soon as you know. Our lenders generally charge the same or better rates for loans if you have successfully repaid a loan to them in the past. Remember our lenders have to check that you can afford any loan. Any decision you make regarding the renewal of a loan should be made with full consideration of all the costs and your situation at that time.
Late or non-payment could lead to further interest and/or charges being added to your account.