Small Loans – How little can I borrow?
In the past, a loan often meant you taking out a large sum of money that was then paid back over a long period of time, short term loans are continuing to evolve to better adapt to your needs. One such way this has changed is the wide availability of small loans. Designed to provide you with a small amount of money, such little loans have become popular because they are seen as the perfect solution for those sudden emergencies when you find yourself faced with an unexpected car repair or a higher-than-normal utility bill. As you are given so much flexibility, these little loans can often be for as little as just £100.
Small loans are a great option for people who just want to borrow a small amount and repay it as quickly as possible. Featuring flexible repayment periods that can depend on how much you borrow, you can more easily ensure that you budget your repayments to make them as affordable as possible. To help you get the best possible deal, we offer an extensive range of small loans in the UK that are provided by some of the biggest and most respected direct lenders in the country.
Small Loans – How long can I have to repay?
If you are looking at small personal loans, one thing you must consider is how long you want to be repaying it back for. In keeping with providing as much flexibility as possible, many lenders will now enable you to decide how long you want the loan to last for; often ranging from periods of 3-months and upwards. Of course, the size of your loan will also affect how long you can have to pay it back, as will the type of loan you are looking for. Whilst small loans for bad credit have traditionally featured very brief lending periods, this has changed as more access is provided to people with bad credit histories.
All of our direct lenders are fully authorised and regulated by The Financial Conduct authority, your application will be subject to a legally-required credit check. Understanding that such scores are often outdated, the lenders on our panel will take into account other factors when assessing your application.
Our lenders will not make false promises, such as claiming to offer small loans with no credit check, they will do everything they can to give you the best chance of getting the loan you need. Reinforcing this commitment, we will help you quickly identify the best loans being offered so that you can make a much more informed decision.