WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

Personal Loans that are Unsecured

It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.

As a full time student working two jobs to get the bills paid and still being skint all the time, having a short term loan between pay days can be useful. Used Knight Finance after a recommendation from a friend and I’m glad I did. Borrowed just under £200 and paid £212 back, no where near the interest I would have paid elsewhere. Will definitely recommend if you’re strapped for cash and know you can pay it back.

Photo taken by Jonathan Chen

Alexia Newton

Support Worker

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Loan amount
£200 - £1,100
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1 - 4 Months
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£100 - £2,000
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1 -12 Months
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Low Rate Installment Loans Bad Credit

The number of loan providers in the United Kingdom has surged up in the past years. People can take out a loan from banks, nonbank creditors, small and short-term lenders, online lenders, credit unions, peer-to-peer (P2P) lending companies, and much more.

Because of the increasing number of lenders in the market, it resulted in stiff competition. Thus, rates have become competitive as well. This gives people much more choices and chances to obtain a low cost loan. Majority of lenders offer flexible repayment period and attractive loan features that you can take advantage.

Even a bad credit cannot stop you from getting a low rate loan. You’ll find many direct lender for installment loans bad credit in the UK offer loans specifically designed for those poor credit ratings at competitive rates and affordable terms. Majority of lenders today operate fully online, offering cheaper loans because having no physical store help them cut cost.

Bad Credit

People can have bad credit for different reasons. Bad credit could be a result of a default on a previous loan, bankruptcy, excessive usage of credit cards or you may have no history of managing credit at all. Bad credit is a common thing among people who need extra cash, and getting a low rate loan is still possible.

relying on the Right Low Rate Installment Loans Bad Credit

Many lenders in the United Kingdom offer low rate installment loans bad credit. Having bad credit may make your search for a loan more challenging, but there are still options for you. Even if you don’t get approved by some lenders, you can get a loan with other lenders one way or another.

If lenders see that you are capable of repaying the loan on the agreed schedule and amount, they’ll offer reasonable rates and more options to you. Bad credit lenders will look into your monthly income, and see whether you can comfortably afford the repayments without compromising your other monthly obligations.

If you get a loan approved, consider it as a chance for you to improve your credit rating by making repayments promptly and consistently. Once you are financially stable and pay off your debts and bills, your credit score will go up again eventually. Ultimately, obtaining a loan with the lowest APR for the amount you need is your goal.

Low Rate Installment Loans Bad Credit

Low rate installment loans bad credit come in many forms and it is important that you understand your options. Many types of loans in the UK are readily available, catering to those with bad credit.

Familiarize all sorts of low rate installment loans bad credit for you to see which one best suit your personal needs. Most people prefer installment loans because you can spread your repayment in a few weeks or months, and even years.

Here are the most viable options to get low rate installment loans bad credit:

Short-term Loans

Short-term installment unsecured loans are typically small in amount and repayment period is mostly within a year. Depending on the amount you will borrow, the repayment period can range from three months to three years with some lenders. You can borrow as little as £200 or as much as £2,000, depending on your needs and eligibility.

A popular short-term loan for bad credit is the payday loan. While most payday loans in the market must be paid in a one-off payment by the borrower’s next paycheck, some payday loan lenders allow installment basis.

Secured and Unsecured Loans

You can decide whether to take out a secured loan or an unsecured one. In general, secured or guaranteed loans are cheaper than unsecured loans. Secured loans have lower rates since an asset or a third party guarantees the loan. Common examples of secured direct loans are home loans, auto loans, and guarantor loans.

Secured loans may have lower rates than unsecured loans, but they are riskier on your part since a personal asset is on the line for the loan. In the event where you can no longer pay the loan, the lender can take the asset put up as the collateral and sell it to cover for the loan balance.

Guarantor loan require you to have another person to support or guarantee your loan by co-signing the loan. By co-signing your loan, the guarantor promises to assume the responsibilities of the loan. To qualify as a guarantor, one must have good credit history and regular income.

Guarantor loans have much lower rates and overall cost because the loan is guaranteed. With a guarantor, you can take out the loan amount you desire, at the loan term you want, and at a lower rate. However, if you are not a homeowner or do not want to have your assets or another person on the line for your debt, you can still find low rate unsecured loans.

Unsecured loans are personal loans that are solely dependent on your creditworthiness and the lender trusts your word that you will pay back your loan. The lender will definitely look into your credit history to see how well you make repayments on your previous debts.

More Tips:

If you want to get low rate installment loans bad credit, shop around and compare rates with different lenders. By doing this, you can see which lender offers the lowest rate with the amount you wish to borrow. Be sure on how much you can afford to repay each month for your loan.

Compare other fees and loan features that might also be beneficial for you. Other features of the loan that you might want to know is whether it allows you to make early repayments. Some lenders charge a fee or apply a certain percentage of interest on your loan if you pay off your loan early.

If you want to get low rate installment loans bad credit, shop around and compare rates with different lenders. By doing this, you can see which lender offers the lowest rate with the amount you wish to borrow. Be sure on how much you can afford to repay each month for your loan.

Ultimately, what you want to achieve is good credit. Those with high credit scores get the lowest rates in a loan offer. Keep up with your payments and maintain your credit score. Once your credit score improves, you can get low rate installment loans bad credit on your future loan applications.

Choosing the Best Low Rate Installment Loans Bad Credit

 

 

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

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Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

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Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

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All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.