- Loans up to £25,000
- Tenants & Homeowners
- Use for any purpose
- Less than perfect credit
- Free enquiry service
Personal loans mean you can borrow up to £25,000 without providing any security or collateral. Nothing you own is put at risk.
The lending decision is based on your personal circumstances:
As a no fee loan broker we can probably find you a number of loan deals that meet your needs.
Use our free enquiry service to help find the right loan for you.
When you use our free broker service we'll show your enquiry to the relevant lenders in our panel and instantly tell you which are interested in lending to you in principle.
Lenders may conduct soft search and so be able to give you a tailored quotation while some will use other criteria to decide if they want to make an in-principle offer (in which case we'll show you their representative deal). You can compare deals to decide which is the best loan for your needs. Many lenders now allow you to complete applications 100% online.
For people with clean credit interest rates have never been lower. But even for those with some form of credit problem there are numerous lenders who could help and by getting them to compete for your business you can still get a competitive deal.
Lenders who tailor interest rates for the applicant's particular credit history will be particularly useful to people with modest credit problems. For those with larger credit problems rates will be higher and sometimes lenders who offer a single rate may be the most competitive. It's also worth considering the merit of a guarantor loan in such situations.
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%.
In recent years High Street banks & other lenders have become:
We have lenders who:
So it makes sense to make an enquiry through us. You just might get a better rate and loan offers you'll never get from a bank. And we don't charge any fees!
Our most commonly asked questions are answered below - we also have a more detailed Q&A section.
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).
Loan interest rates depend on a number of factors so it is hard to know in advance of applying whether you will find cheap 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 really helpful brokers as we work with a wide range of lenders covering the full spectrum from perfect credit through to poor credit.
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 could consider a guarantor loan. You can find out about these elsewhere on our site. But please remember that no loan is guaranteed.
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. Secured loans use your property as collateral so you need to be the home owner (with a mortgage). If you only want to borrow a small sum (say less than £5000) then a secured loan wouldn't be able to help. More often than not a secured 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.
Loans with guarantors (or cosigners) 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 £15,000. 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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