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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Private Loans

Getting a loan privately – from your mom, for instance – is one way to borrow money without worrying about its interest rate. In case an interest rate is charged, it is not as expensive as the ones acquired from banks. The same thing applies when you’re taking a loan from a private lender; it is fairly cheap compared to traditional loans. It can be used to purchase any college-related essentials or pay off a student debt. But, like regular loans, you need to make a few considerations before getting one.

How Private Loans Work?

Fast unsecured loans are more flexible and considerate than regular credits but its term usually depends on how close you are to the person who’s providing the loan. Meanwhile, if you don’t want to ask direct money from your parents, you have another option – private lenders.

These lenders apply to interest rate and other charges automatically, regardless of their relationship to the borrower. This is best for people or college students who don’t want to ask for money directly. If you’re someone who wants to avail the loan but doesn’t have the capacity to repay it back, you may seek assistance from your parents. However, instead of handing out the money, they will only cosign with you on the loan’s contract. Technically, they will act as your guarantor who will handle your debt and compensate it in case of default. Aside from students, this is useful for individuals who do not have a regular job, working on a part-time basis, self-employed, or freelancers.

Interest Rates for Private Loans

A close family member is not obligated to charge low interest rate; however, they may provide their own agreement. Meanwhile, those who are lending money for business purposes may come out with a loan contract. The agreement contains the interest rate and repayment terms, and it will serve as a security to both the lender and the borrower. As a legal document, the loan provider has the right to use it against the borrower in case they fail to meet the terms.

Uses Of Private Loans

Since students are the most common borrowers of this loan, this debt is helpful when financing any school-related expenses. The money may not be as big as the ones offered from a mortgage but it is enough to cover their school fee and other necessary things. Nevertheless, it has no restrictions and it can be used for almost anything you can think of. But before applying for a private loan, you need to meet several criteria first, such as:

  • Age; you must be at least 18 years old and above
  • Guarantor; if you have a bad credit or have no credit history, a cosigner is important to increase your chance of getting approved
  • UK residency; you and your guarantor must provide a proof of residency to become eligible
  • A working bank account; you must have your own bank account because this is where the money will be transferred once your application is granted; you may also use this to repay the loan by providing the lender an access to your account.

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.