Cheap Personal Loans

Does tenancy affect my chance of getting a cheap personal loan?

Your tenancy can carry some weight towards determining your chances of getting a cheap personal loan, but it does not present the major stumbling block that you may envision. Due to the vast and varied array of lenders that we work in conjunction with, cheap loans are effective at sourcing cheap personal loans for private tenants, people who reside with their parents, council tenants and members of the armed forces.

We have a number of specialist plans, aimed at people who fall into all sections of the aforementioned residential statuses, and are confident in our ability to source a cheap personal loan for the vast majority of our customers.

What about poor credit?

We believe that we are one of the only providers in the UK, who are genuinely able to place customers for cheap personal loans, even if they have a hazy credit record. Some of our lenders will use other personal variables as their primary lending judgement factor, before scrutinising against a record of poor credit. Such variables will include repayment affordability, employment status (length of term) and as covered above…tenancy.

For homeowners in particular, poor credit is even less of a concern, especially if you are happy to secure the personal loan against your home. However, this is not mandatory and will not necessarily detract from your chances of qualifying for a cheap personal loan.

What can I use my personal loan for?

We do not dictate as to how your personal loan should be spent, and as to what the loan should be used for. The most popular usages of our personal loans include: -

• Home Improvements
• Vehicle Purchase (Car, Van and Motorcycle)
• Debt Consolidation
• Annual holidays
• Cosmetic Surgery
• New Business Financing

Cheap personal loans can be particularly advantageous when buying a new car, as an alternative to car finance (which can sometimes be expensive). They are also useful if you are considering a restyling of your home, or clearing the balance of another costly credit facility.

An overview of our Cheap Personal Loans

Personal loans sourced through cheap loans carry a number of unique features and benefits, an overview of which can be seen below: -

• Personal Loans from £500 - £150,000
• Low starting rates
• Payment holidays on some plans
• No admin, processing or search fees
• Poor credit welcome
• Fast completion
• All circumstances considered