Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Frequently Asked Questions

Can I complete the entire loan process online without coming into a store?

Yes. At most, many of the lenders will only ask to speak via the telephone to verify your details. There is however no obligations with Loans in UK as we use the latest online technology to create a streamlined process which anyone can use to get a loan if they qualify for it.

How do I repay my loan after receiving it?

You needn’t worry about this, when your loan application is accepted; the lender will help to ensure you clearly understand everything about the loan, including its repayment schedule. You will be redirected to the lender’s own webpage where you find clear and thorough details of the next step to take once you are accepted for the loan.

What is the maximum amount I can borrow?

The exact amount you will be able to borrow depends specifically on your personal circumstances. It differs between lenders but is generally found to range between £100 to £2,500.

How long will I have to wait to get it? I need money urgently.

You needn’t wait for long as the wonders of computer validation may both qualify you for the loan, and also make sure you receive the money in your account within the same day. This is really exciting to see and conceptualise as it means that you can easily get money to meet any urgent financial commitments you may have.

What can the loan be used for?

You can use the money for anything you want as there are no restrictions on how you use the money. However, you need to remember that small loans are specifically designed to be used only in emergencies and should not be used unnecessarily.

What happens if I do not pay back the loan amount on time?

Personal and financial circumstances constantly change. So in case you do get into a problem and find it difficult paying back the loan on time, all you have to do is get in touch with the lender who had approved your loan so that you can explain what had happened, and your situation. However, avoiding lenders only creates more problems; instead, it is better to contact them as they will always have a solution for any problem.

Do you need any documents?

As the application is a 100% online process, you don’t usually need documents. It’s only in a few cases that you may be asked for verification documentation.

Important Information

Implications of Non Payment

Lenders follow their own principles and policies regarding fees and interest if you don’t pay on time. While most of them will contact you by phone or letter to rearrange payment, remember that non-payment can lead to extra charges and increased interest rate which eventually affects your credit score. It’s important that you read the lender’s website’s charges section before finalising the loan.

Collection Practices

Lenders usually contact you by phone, email or letter to arrange payment as non-payment can lead to charges and higher interest rates affecting your credit score. There is the possibility of your debt being passed on to a collection agency and consequent further charges with continued non-payment.


Make sure you contact your lender well before your repayment date if you plan to renew your loan. You will most probably be charged the same rate of interest and fees for the next month on the entire loan amount. The loan renewal/extension is automatic and leads to more interest and charges to your account in the event of a non-payment.

Other Information

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