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.

See How Our Competitors Compare

Loan amount
£200 - £1,100
Loan term
1 - 4 Months
CUSTOMERSCORES
Fast services
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Loan amount
£100 - £2,000
Loan term
1 -12 Months
CUSTOMERSCORES
Excellent
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Applying For A Personal Loans From Direct Lenders

Banks and traditional lending institutions usually conduct a lengthy loan application process. Regardless of the amount you need, the money is released within three to more weeks. Those who are in dire need of fast cash may not find this convenient at all. Luckily, there are online personal loans that can readily assist the borrower even after business hours. The application starts by filling out a form online with the loan seeker’s personal and financial details. A verification call comes as soon as the form has been submitted. After the verification, the lender will come up with a decision and once approved, the money is sent directly to the borrower’s bank account. Some lenders may wait until the next business day to send the money but even so, it is still faster than banks and conventional loans. The key to this rapid transaction is the minimal requirements. Although some lenders may ask you to fax documents, it’s not as much as the ones required from banks.

Your credit report also plays a crucial role in the success of your application. Some private online lenders will quickly turn you down if you have a low credit remark. However, applying online is less frustrating because there are still loan providers who will accommodate your needs. This means that you can still have the loan you want as long as you meet the company’s criteria. The bad credit personal loan, however, is more expensive than the regular ones. Lenders still see you as a high risk to their business and to compensate for this risk, they apply high-interest rates. The amount you can have is also relatively smaller but even so, at least you have the financial assistance you need. Just be sure to assess your capability to repay the fast unsecured loan. Failing to settle it on its due is subject to penalty fees.

Every lender has their own terms and conditions that’s why it’s best to conduct a research first to find out which will suit your need. But basically, they have the same application process: submit an application form, answer verification call, and receive the loan. The repayment period happens after two to three weeks, depending on the policy of the lender. Some loan provider may even allow you to choose your repayment date.

Personal loans are convenient and accessible but most of the time, your experience will depend on the lender that you choose to deal with. Therefore, it’s important to shop and compare different companies first before you submit an application. The right lender is more than just a cheaper interest rate; you want to apply only to the best companies primarily to ensure the confidential data you’re sharing. Remember, there are scammers whose sole intention is to acquire your personal and financial details so they can earn by selling it to a third party. It’s also necessary for the company to be manned by staffs that are willing to assist your concerns in a friendly and professional way.

Below are five tips to help you find the appropriate lender:

  • Improve Your Credit Score

If you have no credit history, you may start by getting a secured credit. It works almost the same as credit but you need to deposit a certain amount to acquire it. Use it and repay it on time to start building your credit report. Meanwhile, if you have a bad credit rating, get it in shape by repaying all your debts. Remember, the higher your credit remark, the stronger your bargaining power is.

  • Ask Around

While you can ask assistance from a loan broker, you can avoid paying for commission fees by approaching another family member, friend, or coworker. Getting referrals from the people you trust is one way to find the right lender because they’ve experienced borrowing from them first hand.

  • Research Online

The Internet allows you to gather the basic details you need about the lender. Take time to compare rates from different lenders as well as the feedback they have from their previous clients. If you want to save time, use a loan comparison website.

  • Research The Lender’s Reputation

In line with the tip above, it’s best to do a background check on the lender. If you can find names of their previous client and contact them, then do so. Ask as many questions you have to the lender to know if they are worth transacting with.

Personal Loans Guarantor

One of the reasons why a person borrows a loan is because his income is not enough or worse, he has lost his only source of fund. Although it’s possible to borrow money from another family member or a friend, a lender offers a more convenient financial assistance. Unfortunately, there will be times when you will be rejected especially when you cannot provide a proof of income. But on a lighter note, you still have another option, and that is through a personal loans guarantor.

Having a guarantor increases your chance of getting approved but you have to make a few considerations before you sign up the loan contract.

A guarantor loan works by providing another person, also known as the cosigner, to cosign the contract. He will not take any part of the loan or share the responsibility with you; rather, he will vouch for you to get approved, confirm your identity and other credentials, and guarantee the loan only if you defaulted. By having a cosigner, you’re getting yourself closer to your goal – to be approved.

The online application starts by filling out an application form with your name, birth date, mobile number, and other personal details. You will also share your financial information such as your bank account. The lender may also ask you to fax or scan photos of the required document. A verification call follows and once approved, the amount will be transferred to your bank account electronically. The money is relatively small and it cannot help you achieve your long-term financial goals; however, it is enough to tide you up until you find a new job. One advantage of personal loans for unemployed is that the lender allows you to settle your debt once you’re employed.

If you have a bad credit check, personal loans guarantor may also come handy. While banks and traditional loans normally decline your application, online personal loans may consider it as long as you meet their basic prerequisites. This includes your age, proof of income, residency, and bank account. However, having a good or excellent credit rating makes a significant difference when getting a loan; aside from having a higher approval rate, you can have a bigger amount with a cheap interest. Since you are a low risk to their company, lenders will find you creditworthy.

Personal Loans UK: Personal Loans Instant

Running out of cash, unexpected expenses, or sudden bills are frustrating, especially when you have no one to turn to. Lucky for you, there are online personal loans instant. These loans won’t take days to be approved so you can have the amount you need in as fast as one hour. It is quick and convenient and these are some of the reasons why the loan is popular. Most lenders will not require collateral and this contributes to the speed of the application process.

The loan is also known for its flexibility. This means that you can use the loan on anything that is legal. There are no restrictions and you’re not even required to state your purpose of borrowing the loan. You can use it to repair your car or as an additional fund to improve your home. You can purchase groceries or settle your bill. Or you can even use it to fulfill your dream vacation.

Personal Loans No Guarantor

With personal loans, you can choose between unsecured and secured type. Unsecured means you are not required to provide a property. This loan option is suitable for individuals who don’t have any asset or is not confident to risk losing their collateral. On the other hand, there is a secured loan.

Secured loans have higher approval rate because you are using a property to secure the loan. This can be any item of value or an income-generating asset like a house, car, jewelry, stocks, or a gadget. But before you sign up for this type of loan, you should know the risks that you will face in case you fail to meet the lender’s terms and conditions. For instance, you decided to stop repaying the loan; since it is a secured type, the lender has the right to repossess your asset, sell it, and use the money to cover the principal amount, interest rate, and other charges.

Personal loans – regardless if it’s secured or unsecured – are everywhere. It can be seen on TV, newspaper, and in online ads. Your role as a loan seeker is to find a worthy lender who offers a low-interest rate and flexible repayment terms. The loan provider should be honest with their policies. Some borrowers repay hidden policies just because their lenders are not transparent enough. Do not settle immediately and avoid the first lender you see on the Internet. Even if the company’s ad is played often on the radio, it doesn’t mean that it’s a safe choice.

Take as much time as you can to find lending companies that will help resolve your financial dilemma in the fastest and easiest way. Sometimes, a successful loan application and repayment only take is a little time to research and ask for referrals.

Personal Loans Bad Credit

Having a bad credit and getting a personal loan is not impossible anymore. In just a few clicks, you can find a number personal loans bad credit. However, you may feel overwhelmed with the choices and if you can’t select which one is the best fit, you can ask assistance from a loan broker.

A loan broker is a licensed and educated individual who is willing to provide financial assistance. Some borrowers, however, are hesitant to deal with them because of the extra charges. It is true that they earn through commission fee, however, some loan brokers offer free services. Rather than getting their commission from the borrower, they acquire it from the lender after a successful application. The good thing about them is that they have wide access to different lenders but rather than doing the daunting task, they are the ones who will find your perfect match. Basing on the application you sent to them, the broker will look for a lender who will accommodate your needs. Otherwise, you may consider these options:

–    Credit Unions

These establishments work like banks and traditional lending facilities. They provide loans to borrowers but the interest rate they offer is cheaper. It is not privately owned that’s why the charges applied are lower. Their members are the owners of the facility and their goal is to offer better rates.

–    Credit Cards

The use of credit card is nothing new; in fact, almost everyone is aware of it. Aside from swiping it to purchase groceries, it can be used when you need financial assistance. If you want to resolve urgent expenses and sudden bills, a credit card comes handy; however, it’s best to use it as a last resort because it carries a high-interest rate.

–    Payday Loan

Payday loans have become immensely popular all because of its instant cash. Normally, payday lenders do not conduct a credit check, thus completing the application process quickly. In case they check your credit remark, they will only use it to determine the loan amount and interest rate of the loan. As a borrower, you have to check its interest rate though as most payday lenders apply exorbitant fees.

–    Peer-to-Peer Lending

In 2005, peer-to-peer lending (P2P) hit the market. The online lending platform involves an investor and the borrower and since the money comes from individuals and not private companies, they apply lower charges and look for minimal requirements. A bad credit borrower has a higher chance to get extra fund in this type of lending facility; however, like the regular loans, he needs to settle his debt on time as well.

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
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.