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.

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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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Picking The Right Safe Loans Direct Lender

Searching for a lender is not a hard task; the tricky part, however, is finding the right one. There are many scammers and loan predators online and desperate borrowers are falling into their trap. Submitting an application and borrowing a loan from them leads to several problems such as identity theft and paying expensive rates. Therefore, dealing with the right safe loans direct lender is imperative.

When looking for a loan, one of the most complicated decisions is choosing the lender. Today, there are hundreds of loan providers who are eager and willing to accept your loan application; however, not all of them are ready to give the right financial assistance. For instance, scammers who are pretending to be lenders have no intention of providing money; rather, they are asking for it in the form of fees. Some of them may even use your confidential information for financial gain. Loan predators, on the other hand, may provide the fund you need but in return, you have to deal with extremely high-interest rates. Remember, you will be saddled with a debt for weeks or even years so it’s important to shop around and make sure that you are choosing the best. Here are five tips that you may consider when picking the appropriate loan provider:

1.Decide whether you need a loan broker

Some people are intimidated working with loan brokers but in most cases, these professionals provide a handful of benefits especially to those who have no idea about loans. First, a broker can save you time and effort by assisting and doing a large portion of research and paperwork in regards to the loan. Nevertheless, there are several drawbacks that you should consider when working with them.

Brokers usually earn through commission which is acquired through a successful deal between a loan seeker and a loan provider. Although they have a huge access to different lenders, they may set you up with the wrong lender that offers them the biggest commission fee. Therefore, if you choose to work with them, be sure to do a little research about their background first. Read reviews from their previous clients or better yet, ask referrals from borrowers who have worked with them as well. You can ask the loan broker for a few names. Brokers who are hesitant to share references should be a red flag.

  1. Decide Which Kind Of Lender

There are many lenders in the market and the best way to find the right one is figuring out what you really need. Do you need a small lender or a large loan provider? If you want a personalized lending experience, a smaller lender is better. If you’re after better interest rates, you may turn to larger lenders. To know which one fits your need, you can do a quick research about their differences.

  1. Ask Around

Brokers are not the only option you have when looking for a loan. You may ask your family, friend, or coworker too. Chances are, at least one or two people you knew have borrowed before. Getting referrals from the people you trust reduces the time spent on researching.

  1. Research The Lender’s Reputation

In line with the statement above, you can do your own research. Even if radio ads and your friend claim that it is the best one, doing a background check on it is imperative. If you can find names of their previous clients, speak with them to know about their experience. Read online reviews from legitimate websites and don’t be ashamed to clarify your concerns with the lender. Learning as much as you can about the lender saves you from latter headaches.

On top of these, be sure to communicate with the designated departments, such as the Financial Conduct Authority. Such sectors will help you confirm if the lender is regulated or not. There are many sources that can help you find different lenders but as much as possible, you should avoid the following:

  • Unsolicited Phone Calls

A phone call from an unknown or blocked number already rings suspicion. You cannot trace the number and there’s a chance that they are scammers.

  • A Random Email

Spammed emails are nothing new and the best way to deal with it is just ignore it.

Safe Loans UK: Safe Loans Instant

Nowadays, it’s not impossible to get loans in an instant. With the number of ads shown in newspaper and Internet, it’s only a matter of choice. However, applying for an online comes is quite risky, unless you know how to find the right lender. Providing sensitive information, such as your personal and financial details, happen and the worst part is – you’re clueless about whom you are sharing it with. Money is involved and regardless of its amount, it deserved to be spent on worthy ones. That being said, is it still possible to find a safe loans UK online?

As complicated as it sounds, it is still possible to get a safe loan on the Internet. The key is finding the red flags such as:

  • Unreasonable Price

Usually, this comes from loan predators that provide financial assistance but with exaggerated interest rate and charges. Those who are desperate enough to get a loan have no choice but to consider this. Because of the expensive rates, they have a hard time repaying the loan. This results in late or missed payments or worse, default.

  • Vague Terms

Scammers often relay terms and conditions that are not clear but they are good at claiming things like “low-interest rate” “100% approval” or “no credit check”; but before you get the approval, you need to pay upfront or application fees. Sadly, they have no intention of giving the money.

Safe Loans For Bad Credit

When you have a bad credit, a declined application form is a usual scenario, and although there are lenders who are willing to accommodate your request, it comes with several drawbacks. First, the interest rate; lenders who offer bad credit loans charges exorbitant fees and interest that are hard to settle. Second, the small loan amount is barely enough to cover minor expenses. Considering this, there are still red flags that borrowers should take note of. Knowing this can save them time and money from bad lenders.

  • Upfront Fees

A safe loans direct lender does not usually ask for upfront fees unless the amount you’re borrowing is huge. Therefore, if you’ve encountered such thing, it’s best to stay away because there’s a chance that these are scammers.

  • Guaranteed Approval

Although there are licensed lenders who are claiming guaranteed approval, it doesn’t mean that they have no criteria to meet. Lenders will always ensure that you are not a risk to their business so if the company is guaranteeing your approval without considering your requirements, maybe it’s best to think twice.

  • Request For Funds

Falling short of money or lacking extra fund are some of the reasons why you’re borrowing money. As much as possible, you want to avoid lenders who are requesting you to send funds. But in case it’s really necessary, you have to take note of this difference – a legitimate lender will ask you to transfer the money using a check or credit card while a scammer may ask you to send it over MoneyGram or Western Union.

  • Unprofessional Sales And Services

The right lender is manned by professional yet friendly staff. Their employees are willing to answer your concerns and they are knowledgeable of their products.

  • Unmanaged Website

Fraudsters do not really care about any grammatical errors or misspelled words. In addition, there are a lot of security errors on their page. Therefore, be sure to consider the overall look of the website.

Safe Loans Guarantor

Having a guarantor, when you have a bad credit, increases your chance of getting approved. A guarantor is another person who will guarantee the loan in case of default. While you’re not required to pledge collateral, the lender may only accept your guarantor if he is a homeowner or has an income-generating asset. The amount you can borrow ranges from £1,000 to £15,000 and is payable between 1 year to 7 years.

Guarantor loans are often confused with joint loans; however, these are two different things. A joint loan requires two people who will sign the loan as borrowers, therefore, both of them have the right to take a part of the loan and share the responsibility of repaying it. When collateral is asked, both parties should surrender an asset that is under their name. Married couples usually benefit from this loan.

On the other hand, a guarantor loan carries different terms and conditions. The principal borrower and the guarantor should not be financially-linked; therefore it can be your parent, colleague, or friend but not your spouse. The borrower owns the entire loan amount and will not share the responsibility of repaying the loan. In fact, the role of the guarantor is barely visible after co-signing the contract. However, once the borrower stops repaying the loan, his obligation will take effect.

Becoming a guarantor is risky; aside from repaying the loan you’ve never used, your credit score will be badly affected if you, yourself, have defaulted on it. In some worse cases, a court judgment may be filed against you. So before you agree to be a cosigner, be sure to fully understand your role and liabilities. Be sure that you fully trust and know the person before you act as his guarantor. If you’re confused, you can decide by answering these questions:

  • What is the reason for the borrower for getting a loan?
  • Why does he need a guarantor?
  • Is he a responsible borrower?
  • Is his salary enough to cover the loan?
  • Can he settle the loan on time?
  • Are you capable of repaying the loan in case the borrower defaulted?
  • Are you willing to risk your collateral?
  • Is your credit score in good shape?
  • How much are you willing to provide as a guarantor?

If you are having doubts, talk to a lender or a financial advisor. Also, speak with the borrower and ask if you can learn more about his financial plans.

Safe Loans No Guarantor

If you can’t find a guarantor or you don’t want to risk any of your relationships, you may opt for safe loans no guarantor. This works best for those who have a good or excellent credit remark although borrowers with bad credit can give it a try. But to increase your approval rate, you can consider these tips:

  • Improve Your Credit Score

A credit score in good shape impresses a lender, so if you have a bad credit, improve it before you apply. If you’re not certain about your credit rating, visit the designated department a get a free copy of your credit report. Find any discrepancies and report it to the credit bureau as soon as possible. Meanwhile, you can start repaying your current loans and credit card one by one. It’s a hard task especially when you’re low on funds but this creates a significant difference in your credit history.

  • Shop Around

Whether you go online or ask for a referral, do not settle on the first lender you hear or see. To get the best possible deal, you need to shop around and compare a number of lenders first. Check the Annual Percentage Rate (APR) of each lender to know who offers the lowest. Also, consider their terms and conditions and their customer service.

  • Offer Collateral

Collateral acts as the security against the loan and lenders rarely decline borrowers who can offer this. If you have a bad credit, offering an asset can increase your approval rate. However, be sure that you can commit to the lender’s terms and conditions or else, you may lose your collateral. Secured loans give lenders the right to repossess the valuable item and sell it to settle the debt.

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.