100% Recommend

Avatar

Expertly compared by Daniel Tannenbaum

Products Updated June 22, 2021

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

12 providers expertly compared:

Paragon Bank

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.7%

Loan Term
1 - 30 years

Loan Type
Secured & Unsecured Loans

Status
Homeowners & Tenants

Rated 4.7/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.7%

Total repaid will be:

£50,805

Paragons finance packages contain flexible terms to make sure you get a deal that's right for you. From personal loans to second charge mortgages Paragon has a range of funding solutions

12 providers expertly compared:

Hastings Direct

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.8%

Loan Term
0 - 5 years

Loan Type
Unsecured Personal Loan

Status

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

If you're looking to replace your car, planning on some new home improvements, or you simply wish to get your finances in order, a personal loan from Hastings Direct could be the funding solution you're looking for.

Representative Example

12 providers expertly compared:

Prestige Finance

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.8%

Loan Term
1 - 30 years

Loan Type
Secured Loans

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

Prestige Finance is part of OneSavings Bank who are a specialist lender, primarily focused on carefully selected sub-sectors of the mortgage and loan market through an integrated multi-brand approach.

12 providers expertly compared:

Post Office

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

Loans from the Post Office are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender. Terms from 1 year to 7 years, depending on the amount borrowed and funds could be transferred the following day with an instant lending decision in most cases.

Representative Example

12 providers expertly compared:

AA Loans

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

The AA don't just keep cars on the road, they can help keep your finances running smoothly too. Whether it's a new purchase, a holiday in the sun or getting some help to manage your existing debt the AA is here to help with a personal loan.

Representative Example

12 providers expertly compared:

Lending Works

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
7.9%

Loan Term
1 - 5 years

Loan Type
Peer-to-Peer Loans

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

7.9%

Total repaid will be:

£50,805

Lending Works is a peer to peer lender that connects people that want to invest their money with borrowers who want to get a better rate on their personal loan. Loans available from £1,000 to £25,000 over 1 -5 years.

12 providers expertly compared:

Zopa

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
9.9%

Loan Term
1 - 7 years

Loan Type
Peer to Peer Lender

Status
Homeowners & Tenants

Rated 5.0/ 5

Good Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

9.9%

Total repaid will be:

£50,805

Zopa directly match people looking for a personal loan with people looking to invest. It's their way of making money simple and fair. Since 2005 Zopa have approved a staggering £2.92 billion in loans.

Representative Example

12 providers expertly compared:

My Community Finance

Loan Amount
£1,500 - £25,000

Annual Percentage Rate (APR)
23.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

23.9%

Total repaid will be:

£50,805

My Community Finance have taken inspiration from the past to build a better financial future - where community matters. They’re a network of Credit Unions and ethical lenders. My Community Finance looks to give everyone access to fairly priced financial products.

Representative Example

12 providers expertly compared:

Lendable

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
27.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27.9%

Total repaid will be:

£50,805

Lenable offer fast loans at fair rates. See your rate before you apply - it won’t affect your credit score. Lendable offer a paperless application with instant quotes. You can manage your loan online, top up, repay early without a settlement fee.

Representative Example

12 providers expertly compared:

Oplo

Loan Amount
£2,000 - £15,000

Annual Percentage Rate (APR)
18.2%

Loan Term
2 - 6 years

Loan Type
Poor Credit Lender

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

18.2%

Total repaid will be:

£50,805

Oplo Personal Loans offer unsecured personal loans from £2,000 to £15,000. Whether you’re looking to buy a new car, a new kitchen or thinking of any type of major purchase they can help secure the funding you need.

Representative Example

12 providers expertly compared:

Koyo

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £7,500

Annual Percentage Rate (APR)
27%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27%

Total repaid will be:

£50,805

Koyo offers one-day loan approval and they normally give a decision after 1 full working day. Once approved, Koyo says the money could be in your account within 1 working day.

Representative Example

12 providers expertly compared:

Everyday Loans

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
93.6%

Loan Term
2 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

Poor Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

93.6%

Total repaid will be:

£50,805

With everyday loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

Representative Example

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

How to Borrow Money Online with Lending Expert

If you are looking to borrow money today, Lending Expert works with the whole of the UK market so you can find the best option for you.

Whether you need money for an emergency or a special purpose, we have a number of options available including unsecured, secured or business loan options – so you are bound to find the right for your needs.

Use our price comparison table to compare different loan amounts, rates and durations. With access to so many lenders, you can find the right fit and click on ‘Check My Eligibility’ when you are ready. 

With our selected partners, the entire application is completely online so you can complete your details in under 5 minutes and get an instant decision on the screen. If you are approved, funds can often be sent to your bank account within minutes or just a few hours.

What Can I Borrow Money For?

You can apply with Lending Expert for all kinds of purposes including:

  • Borrow money for emergencies, including house repairs, broken boilers and car repairs
  • Borrow money for business purposes, including buying stock, paying rent and staff costs
  • Borrow money for personal reasons including paying off debts, school fees and weddings

 

Borrow £300, £500 or £1,000 – Or Any Amount!

Lending Expert can help you borrow any amount that you are looking for, whether you want to borrow £300 or £50,000, we are here to help.

The amount you can borrow will depend on factors such as you income, credit score and how much debt you have outstanding. For secured loan products, the amount available will be based on the value of your security such as your home, flat or car. The higher the value of the asset and the more you own of it, the higher you can borrow.

You also have the option to spread repayment over several months or years, with some products allowing you to borrow money for long terms and you can typically borrow more this way (such as mortgages and homeowner loans).

 

What Type of Options Are Available?

We have a number of loan options available to suit your requirements, income and credit status, including:

Unsecured loans: With unsecured products, you do not require any type of security, so your loan eligibility is based on factors such as your income and credit status. Rates start from 2.9% APR and can often be approved and funded on the same day or next day.

Secured loans: With secured products, you will require some form of collateral to be eligible for a loan. The amount you can borrow is based on the value of your asset such as your home, property or vehicle. Rates start from 3.4 APRC and it is important to note that your property could be repossessed if you do not keep up with repayments.

Guarantor loans: This is where someone you know acts as a guarantor and agrees to cover payments on your behalf if you cannot. A guarantor is typically a spouse, parent, sibling or close friend and you are able to leverage their strong credit score to get the loan you need. Rates start around 49.8% APR over 1 to 5 years.

Payday loans: This is a high-cost loan typically used for just a few weeks or months. You can borrow money fast and usually get funds within a few hours. The idea is that the loan is designed to last you until your next payday from work, so once you have been paid from work, you can simply pay back the loan. Rates are typically around 1,000% APR and become costly if you do not keep up with repayments.

What is The Criteria?

The criteria to borrow money will vary between lenders. For more unsecured loans, you will need to have a stable income, good affordability and a credit score that is better than average.

With secured loans, your eligibility largely depends on the asset that you are using as security. So if you have a valuable home or vehicle, you will be able to leverage its value to borrow money, although some lenders will also take your income and credit status into account too.

Other standard criteria includes:

  • Must be over 18 years of age
  • Full-time UK resident
  • Can afford monthly repayments
  • Employed and earning a stable income
  • Valid UK bank account, mobile and email address

 

How Can I Borrow Money Fast?

If you need to borrow money quickly, you are far more likely to find this by applying online rather than going to a local bank, waiting in line and for a decision on your loan.

By applying online, you can complete your details in just a few minutes and often receive an instant decision.

To make the process a bit quicker, make sure that you have all necessary information at hand including your address, your monthly income, bank account details and any proof to support this if requested by the lender (e.g pay slip, bank statements).

Most UK lenders today like to confirm details over the phone or they request further documentation by email. So if you need money fast, make sure that you are available by email or phone soon after applying so that you can be ready to go.

You can also try applying during work hours such as 9am to 5pm and avoiding Sundays and public holidays when loan companies are less likely to be available to respond to your application.

 

Can I Borrow Money Instantly?

Yes, there are loan providers that allow you to borrow money instantly. Specifically, short term loans and payday loans are designed to deliver quick funds to their customers, provided that you meet the criteria. 

 

Are There Options Available for People with Bad Credit?

Yes, there are options for people who are looking to borrow money with bad credit. One of the most important things that lenders look for is a stable income and employment, since this demonstrates that you have money coming in each month and should be able to make repayments.

If you have been declined for a loan before due to your credit score, you can look at alternatives such as secured loans and guarantor loans which are popular for people with bad credit and allow you to use additional forms of security to get approved for a loan.

 

Why Should I Use Lending Expert to Borrow Money?

Lending Expert was founded in 2013 and we have helped thousands of people to date to borrow money online and find the best loan products for them.

By offering a full price comparison table, you are able to get a real market overview of rates offered and loan amounts so you can make the best decision possible.

Our entire process is completely free and we do not request any data or sell this to third parties.

You can simply compare products and click on ‘Check My Eligibility’ where you will be taken to the lender of your choice and can effectively borrow money today.

FAQ

You can borrow as little as £300 to as much as £50,000 depending on whether the loan is unsecured or secured and other factors such as your income, credit score and affordability.

Repayments are typically made in equal instalments collected from your bank account and you will usually have the option to repay early.

An application usually takes less than 5 minutes to complete for most unsecured and personal loan products. With secured loans, the application can take a little longer and you will need to provide additional documentation such as proof of residence and information about your property.

No, credit checks are part of every application process. However, with secured and guarantor loans, it is not as important to have a good credit score and other factors such as your security and guarantor will be used to verify your eligibility.

Yes, you can absolutely be approved if you are self-employed. You may need to show proof of income, but people who are self-employed are treated the same as everyone else when it comes to being approved for a loan.

This depends, some lenders may be willing to offer loans to people on benefits since it is still technically a form of regular income. However, this will be treated on a case-by-case basis.

Related Links

Unsecured Loans

Apply for unsecured loans with repayment terms from 1 - 25 years. Solutions for all credit types from our panel of direct lenders and brokers.

Secured Loans

Compare secured loan with our approved secured loan brokers. Get expert advice and a quick quote here on Lending Expert.

Guarantor Loans

Get the loan you need with the help of a guarantor. Compare the cheapest guarantor lenders on Lending Expert.

Car Loans

Apply for a car loan and finance deals from our expert panel of brokers and direct lenders here on Lending Expert.

Payday Loans

Apply for payday loans from our panel of direct lenders. Loans from £50 - £2000 repaid over the short term on Lending Expert.

Business Loans

Compare business loans and finance from our expert panel of brokers and direct UK lenders. Solutions for all business types.

Bridging Loans

Apply for short term bridge finance from our expert brokers. Loans from 1 - 24 months arranged quickly.

Logbook Loans

Secure a loan on your logbook with a direct lender. Compare and apply direct to lenders here on Lending Expert.

Bad Credit Loans

You can quickly apply online and check your eligibility with Lending Expert.