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FAQ

How much would I be able to borrow?

Is the loan really any purpose?

How long does it take to get approved?

How much will the loan cost?

Is there an application fee?

How do I apply for a loan?

Will you send your rep for a visit?

Will you contact my employer?

Can I pay off my debt early?

Can I pay more than my agreed monthly repayment?

Which lenders do you work with?

Answers

How much would I be able to borrow?
It varies from lender to lender but you can start anywhere from £3000 to £250,000 for up to 25 years.

Is the loan really any purpose?
Most borrowers borrow money in order to consolidate their debts. Some use it for other purpose such as home improvement, get a new car, take a holiday or even pay for their wedding. It's your money; you can use it the way you want.

How long does it take to get approved?
Usually our lenders take 16 days. That’s the norm, however circumstances mean sometimes it can take longer. It's a both end thing, sooner the applicant provides information sooner the lender can arrange the money.

How much will the loan cost?
It depends on how much you want to borrow and how long for. Our lenders are very good at tailoring your needs and weigh up how much you can afford to pay. Our lenders are ethical and will not encourage you to borrow money that you will not be able to pay back comfortably. Use our loan calculator to get an idea of how much it can cost you.

Is there an application fee?
No! It’s free of charge.

How do I apply for a loan?
Simply fill in the secured loan application form or if you want to fill in a more detailed form click here.

Will you send your rep for a visit?
No! Your privacy is important to us and we will not send anyone to your address and we will keep your details secure. Our lenders use simple processes and most of this arrangements are done over the phone or post.

Will you contact my employer?
Our lenders would never contact them without your consent. If you have pay slips and / or a P60, this will certainly not be necessary. If you cannot produce pay slips, our lenders may ask your permission to obtain a brief reference from your employer, purely asking them to confirm your position, length in employment and your annual salary. Our lenders will not supply them with any details of your loan application and they will not be made aware you are applying for finance.

Can I pay off my debt early?
YES you can. If you do so, you will be charged an early settlement penalty, and you will benefit from a rebate of interest. This means you will not have to pay all the interest that would have been due if the loan was to run for the full term, so ultimately the total cost of your loan will be less.

Can I pay more than my agreed monthly repayment?
YES you can. Many of our lenders allow you to make payments over and above your standard monthly repayment, whether it .is at the same time as your normal monthly repayment or at any other point in the month. The amounts you pay over and above will reduce the outstanding balance of your loan accordingly. This means you will be paying the same monthly interest rate, but on a smaller loan balance, therefore you will be able to clear your loan in full sooner than the term it was originally scheduled over. Each lender has their own rules in relation to this question. Further information can be obtained if requested.

Which lenders do you work with?
ukloansoffer.com works with some of the most prestigious names in the UK. Amongst them are MBNA, Argos, Loans.co.uk, Freedom Finance, Ocean Finance, Norton Finance, Central Capital, Welcome Car Finance, Injuryboard.com, Holiday Extras, Barclays