To operate this service United Kingdom Loans receive commissions from Nouveau Finance Ltd. It is important to recognise that we are a broker not a lender.
A unique algorithm to match customers’ requirements is submitted to a panel of lenders which is based on the application details, applicant preferences, and the lenders product, but does not include the commission paid by the lender to us. We therefore DO NOT charge our customers a fee for this service.
Unlike a short term loan the instalment loan product is usually a higher value loan typically £400 to £2000. The money is paid back over longer periods of between 3 and 18 months.
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.
You can apply 24 hours a day 7 days a week. If you are approved you will automatically be transferred to your individual lender’s website to complete the process. You then sign your loan agreement online and receive the money direct from the lender into your bank account.
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.
Yes, when submitting your application you consent for our lenders to run a credit check.
Absolutely, many of our lenders will consider applicants with less than perfect credit histories.
It will be paid directly in to your bank account.
If you have any questions that weren’t answered here please email email@example.com.
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 firstname.lastname@example.org
There are several, free debt and money management charities you can contact, including:
Step Change – 0808 808 4000
National Debt Line– 0800 138 1111