Compare Loans | Best UK Loans @CreditRaters.com
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  • Loan Amount
    £250 - £1000
  • Loan term
    18 - 18 Months
  • Interest
    205.2%
  • APR
    989.9%
Representative example: If you borrow £400 over 18 months at a flat rate of 205.2% per annum (fixed) with a representative 989.9% APR you will make 18 monthly payments of £90.62, repaying £1,631.16 in total. Simple Fast Loans
  • Repay your loan early and you'll pay less interest
  • Face to face consultations available throughout the UK
  • Receive funds in as little as one hour
  • Convenient repayments that can be made weekly, fortnightly or monthly
  • Loan Amount
    £100 - £400
  • Loan term
    5 - 8 Months
  • Interest
    102.4%
  • APR
    433.5%
Representative Example: £200 loan repayable over 33 weeks at £10 per week, Rate of interest 102.4% p.a fixed; Representative 433.5% APR, Total amount payable is £330. Morses Club
  • Loan Amount
    £125 - £500
  • Loan term
    2 - 3 Months
  • Interest
    292%
  • APR
    1306.21%
£200 loan taken out over 3 Months (83 days). Annual rate of interest 292% fixed. Cost of credit £113.08. Monthly Payments: £104.36, £104.36 and £104.36. Total amount payable: £313.08 THL Direct
  • Loan Amount
    £250 - £250
  • Loan term
    1 - 4 Months
  • Interest
    0%
  • APR
    87.4%
Representative example: Total amount of credit of £500 over 12 months. 8 monthly repayments of £62.50 and 12 monthly membership payments of £6. Rate of interest 0% p.a. (fixed). Representative 87.4% APR. Total amount payable £572. CreditSpring – £250
  • Borrow £250 twice a year, available on demand
  • Membership fee is £6 per month (£72 a year)
  • Repay each advance in 4 monthly payments
  • 0% interest rate, you pay back only what you’ve borrowed, plus your monthly membership fee
  • Loan Amount
    £500 - £500
  • Loan term
    1 - 4 Months
  • Interest
    0%
  • APR
    38.6%
Representative example: Total amount of credit of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33. 12 monthly membership payments of £8. Rate of interest 0% p.a. (fixed), Representative 38.6% APR. Total amount payable £1,096. Creditspring – £500
  • Borrow £500 twice a year, available on demand
  • 0% interest rate, only pay back what you borrow plus your monthly membership fee
  • 14 days to change your mind before you can borrow. Then you'll be able to borrow whenever you need it
  • Loan Amount
    £100 - £1000
  • Loan term
    1 - 12 Months
  • Interest
    229.95%
  • APR
    720%
Borrow £400 for 6 months. Total repayment £707.01 in 6 monthly payments of £117.83. Interest p.a 229,95% (fixed). Representative 720% APR. Peachy Loans
  • Flexible repayment options from 1 - 12 months
  • Loans usually deposited within 1 hour
  • Loan Amount
    £80 - £800
  • Loan term
    0 - 1 Months
  • Interest
    292%
  • APR
    1281.8%
Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR. 247Moneybox
  • Cash paid into your bank account within 24 hours of acceptance
  • Existing customers can borrow up to £800
  • Simple, easy to understand interest rates and repayments
  • FCA regulated and committed to responsible lending
  • Loan Amount
    £1000 - £15000
  • Loan term
    48 - 60 Months
  • Interest
    20.33%
  • APR
    39.9%
Representative Example: 36 Monthly Repayments, borrowing £5,000. Total Amount Payable: £8,049.60. 39.9% APR Representative. Rate of Interest 20.33%, Fixed Flat Rate. Monthly Repayment: £223.60. TFS Loans
  • Considers bad credit, CCJs, debt consolidation
  • Loan can be paid in hours if approved
  • Award winning trusted guarantor lender
  • Loan Amount
    £500 - £15000
  • Loan term
    12 - 60 Months
  • Interest
    Variable
  • APR
    49.7%
Borrow £4,000 over 36 months. Monthly repayment of £194.78. Total repayable is £7012.08. Interest payable is £3012.08. Fixed APR of 49.7%. Interest rate of 41% per annum. Representative APR 49.7% (fixed). Talk Loans
  • Submit your application to multiple lenders
  • High chance of approval
  • Rates from 29% APR to 69.9% APR
  • Loan Amount
    £3000 - £50000
  • Loan term
    12 - 60 Months
  • Interest
    10.87%
  • APR
    21.8%
GOOD CREDIT SCORE: Loan amount £5000 – 48 monthly payments £129.17 Total cost of credit £1200.16 – Total amount payable £6200.16 – Representative example 12.9% APR. This is a yearly flat rate of interest of 6%. This is a fixed rate.
WhatCredit
  • Low Rate Car Finance Packages
  • Choose The Car From Any UK Dealer
  • Finance For Good & Bad Credit Profiles
  • Same Day Drive Away Car Loan Schemes
  • Flexible Repayment Terms For Your Car Loan
  • Loan Amount
    £3000 - £25000
  • Loan term
    12 - 48 Months
  • Interest
    25%
  • APR
    27.4%
Representative example – Vehicle price £5600.00, annual interest rate 25% (fixed), charge for credit £4200.00 (inc. option to purchase fee of £10.00), total amount payable £9810.00, 36 monthly installments £272.50. Representative APR 27.4% – subject to status. Get Me Car Finance
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    40.90%
  • APR
    49.50%
Representative Example: Borrowing £4,000 over 3 years at an interest rate of 40.9%p.a. (fixed), you will repay 36 monthly payments of £194.55. Interest payable £3,003.80. Total repayable £7,003.80. Representative 49.5% APR. TrustTwo
  • Guarantors who are homeowners, tenants or living with parents are considered
  • Funds can be issued within 24 hours of acceptance
  • Improve your credit score by making timely repayments
  • No fees are charged at any point. Ever.
  • Loan Amount
    £500 - £10000
  • Loan term
    12 - 60 Months
  • Interest
    24.20%
  • APR
    47.8%
Representative Example £3000 over 3 years, representative 47.8% APR Fixed. Monthly payment £143.84. Annual interest rate 24.2% Fixed. Interest payable £2178.24 Total payable £5178.24.
1Plus1 Loans
  • Fantastic loan guarantor product to help those with poor credit
  • Loans are flexible and can be used for any purpose
  • Great for parents who want to help children build their credit score
  • Online customer service team that operates 24 hours per day
  • Loan Amount
    £550 - £50000
  • Loan term
    12 - 36 Months
  • Interest
    159.70%
  • APR
    450.5%
If you borrow £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR you will repay 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total. Loans2Go Logbook Loans
  • Use your vehicle as collateral to increase the chance of acceptance
  • Generous and flexible loan terms of 12 – 36 months
  • Retain complete use of your vehicle during the loan
  • A lender with more than 15 years of industry experience
  • Loan Amount
    £250 - £1000
  • Loan term
    4 - 12 Months
  • Interest
    255.50%
  • APR
    839.20%
Representative Example: Borrow: £500 for 6 weeks. Repayment method: One Payment. Interest rate: 255.5%. Total repayment of: £647. Representative: 839.2% APR.
The Money Platform
  • A revolutionary peer to peer lending platform
  • Borrow up to £1,000 over a term of up to 12 weeks
  • Receive funds on the same day that you're approved
  • Loan Amount
    £1000 - £25000
  • Loan term
    12 - 60 Months
  • Interest
    2.9%
  • APR
    3%
A loan of £10,000 over 5 years will cost you £179.25 per month at a representative 2.9% APR. The total cost after 5 years is £10,754, which includes £754.87 interest at 2.9% fixed and a £0 fee. The total amount of credit is £10,000. Zopa
  • Cut out the banks and building societies to get better loan rates
  • Borrow up to £25,000 (subject to status)
  • More than £2 million of loans approved every day
  • No early repayment charges or hidden fees
Other types of loans

No matter how carefully you plan and save, there will always be situations where a financial boost can be a welcome addition in helping you to achieve your goals. Whether it’s home improvements, debt consolidation, or simply a bit of extra cash to tide you over until payday, there are plenty of flexible loan types available to suit your circumstances.

Let’s take a look at some of the most popular loans which are taken out by customers across the UK, and how you can apply for loans online with a minimum of fuss.

How Do Loans Work?

No matter what type of loan you decide to take out, they’ll all follow the same general principles of lending you a lump sum which is repaid in instalments over a pre-agreed period of time. The amount that you repay will usually depend on the interest rate that comes with your loan, the length of the credit agreement, your credit score and financial circumstances.

Once the terms of your loan have been agreed, you’ll be issued with a credit agreement which will outline exactly how much you’ll need to repay each month, any applicable fees, the start date and end date.

Keeping on top of your repayments will help you to improve your credit score, increasing the chances of being approved for credit and receiving more favourable interest rates in the future.

What Online Loans Are Available?

There’s a wide selection of online loans available at Creditraters.com for those looking to boost their personal finances. It’s important to understand how each one works in order to help you choose  the best possible option for your circumstances.

Personal Loans

Personal loans are amongst the most flexible loan types available to borrowers. This broad term is used to describe any form of lump sum borrowing which an individual can use for a variety of purposes including debt consolidation, home improvements, purchases, holidays and much, much more.

As with most loan types, personal loans are issued on either a secured or unsecured basis. A secured loan means that you’ll need to use collateral, such as your home, car or other assets of value, as security. This reduces the risk to the lender which will increase your chances of acceptance and potentially lower the amount of interest that you’ll pay.

Unsecured loans do not require any security whatsoever, however the lender will be providing you with funds based on your credit score and ability to repay the loan. Since they won’t have any added protection should you default, you may find these loans slightly harder to come by or that they are charged at a higher rate of interest.

Payday Loans

Payday loans have been a major player in the short term loans market for some time. They have experienced a dramatic resurgence in recent years thanks to their high levels of acceptance, relatively low borrowing amounts and the sheer number of companies now offering them.

Payday loans are generally used to cover life’s little emergencies rather than providing a long term borrowing solution. Once a successful application has been submitted, funds are typically transferred within just a few hours and the balance is then repaid on your next payday. This repayment can be extended over a couple of paydays to provide some added flexibility.

Although they tend to come with high rates of interest, the short term nature of this lending stream means that you won’t be hit with excessive repayment amounts as long as your original balance is repaid on time.

Short Term Loans

Short term loans often get pigeon holed in the same bracket as payday loans, however it should be the other way around. All payday loans are short term loans, but not all short term loans are payday loans.

A short term loan is any form of borrowing which is to repaid over a few weeks or months rather than years. Rather than repaying your borrowed amount in full on payday, repayments are structured in a similar way to personal loans in that you’ll have a fixed repayment plan in place that is created irrespective of your future pay dates.

Logbook Loans

There are many different ways in which assets can be used as security to get a great deal on online loans. One of those is to use your vehicle via a logbook loans.

With logbook loans, you’ll temporarily assign the ownership of your vehicle across to the lender, although you’ll still have full use and access to the vehicle for the entire duration of your loan agreement.

Once the loan has been repaid in full, you’ll recover the legal ownership of your car, van or motorbike since there’ll be no further financial risk to the lender. Although every loan is different, logbook loans will typically be used for short to mid term funding of up to 18 months, however there are lenders who specialise in shorter and longer terms than this.

Car Loans

With more than 25 million cars on UK roads, car loans are amongst the most common borrowing types taken out by British consumers. In essence, it’s a personal loans which has to be used to fund the purchase of a new vehicle and is repaid monthly, with interest.

Unlike logbook loans, the car is not used as security, although there are some companies which do offer this as an option. Using the purchased vehicle as collateral is a great way to increase your chances of acceptance as well as improving the interest rate that you’ll receive.

Applying for these online loans has never been easier thanks to comparison services such as Creditraters.com. Simply complete a few basic personal details and let us know why you’re looking to take out finance, and we’ll compare loans on your behalf from a wide selection of mainstream and independent lenders.