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

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

Frequently Asked Questions

Commonly asked questions

Frequently Asked Questions

OUR MOST COMMONLY ASKED QUESTIONS
ABOUT LOANS

United Kingdom Loans do not charge a fee. You should never pay an upfront fee for a loan.

If you are over 18 years of age, are a UK resident, in employment and receive a regular wage paid into a UK bank account
then you can apply for a loan. We cannot however guarantee you will be accepted.

Fill out the application form on our website, you will need to provide some personal and financial information, such as your income, employment details and bank account details. Submit the form and wait for the lenders to review your application and make a decision.

The rules and regulations that govern companies like ours state that we must show you the Annual Percentage Rate
(APR) and these are calculated based on paying a fixed amount of interest annually. The shorter term loans are
normally taken over a maximum term of 60 days and therefore the APR is not the best way to
measure how competitive the rates are.

In most instances loan repayments will be made via direct debit, however some lenders may use continuous payment authority (CPA). This is a type of regular automatic payment where you give a company permission to take money from your credit or debit card account

The length of time it takes to get paid will be based on the lender you have been matched with and the loan
type you have applied for. If your bank does not support Faster Payments, in some cases the funds will
be paid into your bank account the same day as approval.

Lenders will complete a soft search when assessing your eligibility for a loan, if you accept a lender’s loan offer, they will perform a hard credit search.

In some cases lenders may consider applicants with less than perfect credit histories.

It will be paid directly in to your bank account.

The implications of non payment of your loan could include adverse details being included in your credit report.
This could affect future attempts at securing credit or finance and further charges potentially being added by the
lender.

If you are struggling with debt then you may want to contact Step Change , National Debt Line and Citizens Advice. 

Free Credit Reference Agency services are: 

MSE Credit Club, which offers full access to your Experian credit report for free anytime,

Clearscore, which provides free access to your Equifax report 

United Kingdom Loans do not charge a fee. You should never pay an upfront fee for a loan.

If you are over 18 years of age, are a UK resident, in employment and receive a regular wage paid into a UK bank account
then you can apply for a loan. We cannot however guarantee you will be accepted.

Fill out the application form on our website, you will need to provide some personal and financial information, such as your income, employment details and bank account details. Submit the form and wait for the lenders to review your application and make a decision.

The rules and regulations that govern companies like ours state that we must show you the Annual Percentage Rate(APR) and these are calculated based on paying a fixed amount of interest annually. The shorter term loans are normally taken over a maximum term of 60 days and therefore the APR is not the best way to measure how competitive our rates are.
The loan repayments will be taken by direct debit on the same agreed date each month.
The length of time it takes to get paid will be based on the lender you have been matched with and the loan type you have applied for. If your bank does not support Faster Payments, in most cases the funds will be paid into your bank account the same day as approval.

Lenders will complete a soft search when assessing your eligibility for a loan, if you accept a lender’s loan offer, they will perform a hard credit search.

In some cases lenders may consider applicants with less than perfect credit histories

It will be paid directly in to your bank account.

If you are struggling to repay the loan contact the lender in the first instance. They will be able to offer you support, help and advice around how to repay your debt. If you need the contact details of the lender you have entered into an agreement with contact us at [email protected]

The implications of non payment of your loan could include adverse details being included in your credit report.
This could affect future attempts at securing credit or finance and further charges potentially being added by the
lender.

If you are struggling with debt then you may want to contact Step Change , National Debt Line and Citizens Advice.

Free Credit Reference Agency services are:

MSE Credit Club, which offers full access to your Experian credit report for free anytime,

Clearscore, which provides free access to your Equifax report.

There are several, free debt and money management charities you can contact, including:

Step Change  /  0800 138 1111

National Debt Line  /  0808 808 4000

There are several, free debt and money management charities you can contact, including:

Step Change  /  0808 808 4000

National Debt Line  /  0800 138 1111

Our Most Recent Articles

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of
Nouveau Finance Limited, registered with the Financial Conduct Authority  under FRN 843158. Nouveau Finance are authorised and regulated by the Financial Conduct Authority
under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission
or fee from Nouveau Finance Limited following an introduction through this website.

We provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel
of lenders. We  do not retain applicant data.  All applicants will be subject to credit checks and affordability assessments.
United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when
assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

Please note that United Kingdom Loans are unable to influence any lending decisions or deal with any dispute that you may have directly with any particular lender with whom you may have entered into an agreement with and in the unlikely event that this may occur you should contact the lender directly in respect of any concerns.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at
128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of Nouveau Finance Limited, registered with the Financial Conduct Authority under FRN 843158. Nouveau Finance are authorised and regulated by the Financial Conduct Authority under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission or fee from Nouveau Finance Limited following an introduction through this website.

We provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders.  We do not retain applicant data.  All applicants will be subject to credit checks and affordability assessments. United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at 128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only.

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender. This website does not directly endorse a particular product or service. Information on our website

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