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Rates from 3% APR. Representative 49.9%

Representative example: If you borrow £3,250 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 41.16% (fixed), you would pay 36 instalments of £158.57. The total charge of credit will be £2,464.57 and the total amount payable will be £5,714.67

£800 Loans

Can I borrow £800 today?

The answer will vary from person to person. When looking for a loan, direct lenders will look at your credit as well as your employment status. They will also want to know when you will be able to fully pay back the loan and within a certain amount of time. They will look at your credit history to determine if they think they should grant you a loan or not. Bad credit will usually result in a rejection of a loan or have worse interest rates.

We show you the differences between lenders and the requirements to help aid your process in finding a lender.

What types of loans allow you to borrow £800?

Three different options are available. The choices are personal loans, short term loans, and guarantor loans. Each loan is different from the others so it’s important to have a proper understanding of the differences between the three so you can make the right choice.

Personal Loans: Also called unsecured loans, personal loans can be good when you want to pay off a credit card or make a big purchase. Good credit is usually required but poor credit is sometimes accepted. If you are accepted but have bad credit, you will have higher interest rates. These loans are paid at least within a year. Depending on the amount of the loan, however, payment can take several years to repay.

Short Term Loans: These loans are usually paid within a year. Collateral isn’t always required when applying for short term loans but in some cases, collateral is required. People like to apply for short term loans when they need cash to pay bills. This is because applying for short term loans can be a quick process. Sometimes you can have the money in your account within 15 minutes. Although these loans can be easier to be accepted for, employment status and current salary can decide if you will be rejected or not.

Guarantor Loans: This is one of the best loans for people with bad credit. Essentially, you need someone in your family or a friend to be your guarantor. This means that they will have to make payments for you if you failed to make a payment. They need good credit because the lender wants to know that they will be able to get back their money. If you both have bad credit, you will most likely be denied.

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