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Compare Loans

Use Credit Raters today to compare the UK’s leading loans.

Warning: Late repayment can cause serious money problems, for help and advice please go to moneyadviceservice.org.uk

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Loan Amount

£100 - £1000

Loan Term

1 - 12 Months

Interest

259.33%

APR

947%

Instalment Loan

Borrow £400 for 6 months. Total repayment: £750.78 in 6 monthly payments of £125.13. Interest p.a: 259.33% (fixed). Representative 947% APR.

Loan Amount

£500 - £15000

Loan Term

12 - 60 Months

Interest

Variable

APR

49.7%

Guarantor Loan

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).

Loan Amount

£100 - £700

Loan Term

1 - 6 Months

Interest

274%

APR

1081.24%

Instalment Loan

Amount of credit: £300 for 4 months. Interest: £185.68. Interest rate: 274%pa (fixed). Four repayments of: £121.42. Total amount payable: £485.68. Representative 1081.24% APR.

Loan Amount

£1000 - £20000

Loan Term

24 - 60 Months

Interest

20.33%

APR

20.33%

Car Finance Loan

Loan amount £7,500, 60 monthly repayments £200.08 Representative APR 20.33% fixed, loan term 60 months an annual interest rate of 20.33% Total cost of credit £4505.00, total amount repayable £12005.00

Loan Amount

£500 - £25000

Loan Term

12 - 48 Months

Interest

13%

APR

27.4%

Car Finance Loan

Amount of credit £7500 repayable by 47 monthly repayments of £244.79 at a fixed annual interest rate of 13%, Representative APR 27.4%. Total cost of credit £3899.92. Total amount repayable £11899.92.

Loan Amount

£1000 - £20000

Loan Term

24 - 60 Months

Interest

33.6%

APR

33.6%

Car Finance Loan

Borrowing £1000 over 24 months with a best available rate of 33.6% (fixed) and £0.00 deposit, amount payable is £56.21 per month. The total amount payable is £1349.04*.

Loan Amount

£1000 - £50000

Loan Term

12 - 60 Months

Interest

10.87%

APR

21.8%

Car Finance Loan

Average credit score: Loan amount £5000 – 48 monthly payments £149.46 – Total cost of credit £2174.08 – total amount payable £7174.08 – representative example 21.8% APR. This is a yearly flat rate of interest of 10.87%. This is a fixed rate.

Loan Amount

£500 - £5000

Loan Term

3 - 36 Months

Interest

65%

APR

171.9%

Logbook Loan

Amount of credit £1000 repayable by 12 monthly repayments of £137.50 at a fixed annual interest rate of 65%, Representative APR 171.9%. Total cost of credit £650. Total amount repayable £1650.

Loan Amount

£50 - £1000

Loan Term

1 - 3 Months

Interest

292%

APR

1299.1%

Instalment Loan

Representative Example: Amount of credit: £300 for 81 days with one repayment of £97.20 and one repayment of £397.20. Interest: £194.40. Interest rate: 292% pa (fixed). 1299.1% APR Representative.

Loan Amount

£100 - £3600

Loan Term

3 - 12 Months

Interest

238%

APR

788%

Instalment Loan

Borrow £500 for 6 months. Annual interest rate 238% (variable). 1 instalment of £142.10 & 5 equal instalments of £142.42. Total amount to repay £854.20. Representative 788% APR

Loan Amount

£500 - £10000

Loan Term

12 - 60 Months

Interest

36.9%

APR

43.8%

Guarantor Loan

Borrowing £4,000 over 3 years at an interest rate of 36.9%p.a. (fixed), you will repay 36 monthly payments of £185.27. Interest payable £2,669.72. Total repayable £6,669.72. Representative 43.8% APR.

Loan Amount

£150 - £500

Loan Term

3 - 5 Months

Interest

160%

APR

677%

Instalment Loan

Loan amount £200 repayable over 3 months. Total amount repayable £280 in 3 payments of £93.33. Interest 160% p.a. fixed. Representative 677% APR.

Loan Amount

£500 - £10000

Loan Term

12 - 60 Months

Interest

47.8%

APR

47.8%

Guarantor Loan

Representative Example: £3000 over 3 years, representative 47.8% APR Fixed. Monthly payment £143.84. Annual interest rate 39.7%. Interest payable £2178.24. Total payable £5178.24.

Loan Amount

£250 - £50000

Loan Term

12 - 36 Months

Interest

132%

APR

450.5%

Logbook Loan

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.

Loan Amount

£1000 - £10000

Loan Term

12 - 60 Months

Interest

33.3%

APR

39.9%

Guarantor Loan

Representative example: £4500 over 3 years, representative 38.9% APR fixed. Monthly payment £199.26. Annual interest rate 33.3% fixed. Interest payable £2673.36. Total repayable £7173.36.

Loan Amount

£250 - £1000

Loan Term

18 - 18 Months

Interest

205.2%

APR

989.9%

Instalment Loan

Representative example if you borrow £600 over 18 months at a flat rate of 205.2% per annum (fixed) with a representative 989.9% APR you will make 17 monthly payments of £135.93 and 1 payment of £135.99, repaying £2,446.80 in total.

Loan Amount

£100 - £750

Loan Term

1 - 5 Months

Interest

292%

APR

1255%

Instalment Loan

The Representative APR is 1297% APR so if you borrow £100 over 35 days at 292% p.a. (fixed) you will repay £28 in interest and £128 in total.

Loan Amount

£250 - £1000

Loan Term

2 - 3 Months

Interest

193.45%

APR

397%

Instalment Loan

Representative Example: Borrow: £1000 for 12 weeks. Repayment method: Three installments. Interest rate: 193.45%. Total repayment of: £1448. Representative: 397% APR.

Loan Amount

£1000 - £25000

Loan Term

12 - 60 Months

Interest

2.9%

APR

3%

Personal Loan

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.

Loan Amount

£100 - £800

Loan Term

0 - 1 Months

Interest

292%

APR

1281.8%

Instalment Loan

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.

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.