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

What to consider when applying for Quick Loans

What to consider when applying for Quick Loans

Please note this is not financial advice and / or  guidance.

Quick, fast, rapid, instant – all words we would typically associate with getting things done expediently. United Kingdom Loans has been supporting loan applicants to access quick loans in the online loan sector for some time. The quick loans service is available to a wide range of British people. As with any loan agreement, some essential criteria must be met before any quick loan agreement is formalised and the money is deposited.

Considerations

To apply for a quick loan the first thing any potential loan applicant will need to consider and, it could be argued, the singularly most important factor to reflect on is can the quick loan which is being applied for be repaid. As with any loan arrangement, quick loans will always need to be repaid. Consequently, it is crucial to factor incapacity to repay the fast loan that has been applied for online.

Once the quick online loan amount has been decided, the next part of the loan application process would be to determine the current outgoings and balance this against the potential future outgoings, which will increase following the quick loan being paid. Indeed, there is an obligation to furnish all online loan companies with a short breakdown of outgoings as part of the loan application process. 

The length of time of the repayment of the quick loan will need to consider carefully. Whilst some people may consider it prudent to repay their loan quickly, more time and, thus, additional flexibility may be needed, particularly for those loan applications for larger amounts of money. Whereas it may seem like a wise idea to repay an online loan within a couple of months, and indeed, this is possible with United Kingdom Loans, the repayment amounts will clearly be higher, and therefore, this may cause difficulty when considering the actual capacity to repay larger sums of money, over a shorter period. For quick loan applicants who can repay the loan quicker, this is beneficial as the debt will be cleared quickly. 

Why apply for a loan?

As with all quick loan applications, the money used is the important thing to always factor into the decision-making when considering applying for a quick loan online. Whilst the application process is relatively straightforward and the length of time the money can be paid back over is flexible, the key thing to consider is what is the money being applied for being used for. Loans will always need to be repaid in full, with additional interest. Therefore, careful consideration and time will be needed before submitting a quick online loan application to consider what the money will be used for.

And finally…

United Kingdom Loans have served customers across the UK for many years within the online quick loan market. We can support people to access money quickly and easily, and getting a fast loan is possible if you meet the required application criteria. As with all loan applications, always think carefully before submitting an online application. Check out our frequently asked questions to learn more about United Kingdom Loans and what is required to apply for a loan.

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

 
United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you
provide to Nouveau Finance’s panel of lenders

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders

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