- Loans up to £25,000
- Tenants & Homeowners
- Use for any purpose
- Less than perfect credit
- Free enquiry service
In recent years High Street banks & other lenders have become:
If you have been affected by these issues then our enquiry service can probably help. Lenders' criteria have been easing slowly and so now there are more options for you than a couple of years ago. As personal loan brokers we have access to a wide spectrum of lenders which means that we should be able to find you a number of personal loan options even if your creditworthiness is not 100%. Use our FREE, no obligation enquiry service to find out more. Most of our lenders can give an instant decision in principle meaning we can show you their specific loan offers. Many also allow you to proceed for instant approval.
All lenders will want to make sure that you can afford your loan repayments. To explore how loan amount and loan repayment period can...
...you can use our flexible loan calculator. It allows you to change these values for different types of loan and calculate "Monthly Repayments" and the "Total Repayable" based on the representative APR%.
Our most commonly asked questions are answered below - we also have a more detailed Q&A section here.
Lenders charge interest on the loan value for the period over which you agree to repay it. The less you borrow and the faster you repay it means the less interest you will pay in total. So, the best rule for loans is to only borrow as much as you really need, and then subject to your budget (i.e. what you can afford), repay it as quickly as you can. Our loan calculator can show you how the total amount repayable changes as you vary the loan amount and loan period.
We have lenders who can offer a wide ranges of loan values from £1,000 right up to £25,000 (£5,000, £10,000 and £15,000 are perhaps the values most frequently applied for by people).
Personal loan interest rates depend on a number of factors so it is hard to know in advance of applying whether you will find cheap personal loans, and "cheap" is a relative term. These factors include:
The market is particularly competitive if you have a good credit history so there are low interest rates to be had. If you apply using our free service you'll be able to compare loan offers and see if any low rate loans are offered to you. With this in mind you'll find us great personal loan brokers as we work with a wide range of lenders covering the full spectrum from perfect credit through to poor credit.
Take care when thinking about consolidating debt. Don't just consider the interest rate, but also the repayment period. If you are tempted to extend the repayment period to make paying off the debt more affordable think twice - making things more affordable in the short term may simply make the debt more expensive in the long term. Our loan calculator can help you work this out.
If you can get a 0% interest rate credit card that allows you up to 20 months to repay the amount you've spent without charging any interest then "yes"! Use the credit card but make sure you pay off the credit card debt within the allowable time, or transfer the debt to a new 0% card. However, credit limits on cards don't generally exceed £5000 so if you need to borrow more you should consider a personal loan.
Not necessarily. Homeowner loans are secured on property so you need to be a homeowner (with a mortgage). If you only want to borrow a small sum (say less than £5000) then a homeowner loan wouldn't be able to help. More often than not a homeowner loan is used when the borrower needs a large sum of money - the average sum borrowed is £25,000 - £30,000.
Yes. Our service explores a wide spectrum of lending options. There are now a number of peer-to-peer lenders to choose from, but they each have different attitudes to risk. If you have a reasonable credit score and aren't requesting too large an amount then their loans can be very competitive. Their lending rates are driven strongly by credit scores - after all the money they are lending out is not theirs but another consumer's. They can't afford to be accused of lending irresponsibly.
Yes. As we deal with a large number of different lenders and lending products there is a good chance that we will have a lender who can help you. If you feel that you have a particularly difficult set of financial problems to overcome then you should consider a guarantor loan. You can find out about these elsewhere on our site. But please remember that no loan is guaranteed.
Unsecured loans with guarantors are useful if your credit history is particularly tricky. We have a separate section of this website dedicated to guarantor loans. It explains when this type of loan might be worth considering. These days guarantors don't have to own their own home, and you can borrow up to £12,000. Guarantor loans have their place in market.
When it comes to getting you your personal loan our online service is second to none. In fact Solution-Loans.co.uk has scored based on 325 ratings & 47 user reviews for its personal loans service.
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