Private Loan Lenders UK – with tougher regulation now brought in on payday loan lenders by the Financial Conduct Authority, there will be fewer short term low value loan Private Lenders in the UK.
There is a danger that some people that are desperate for cash for whatever reason, may turn to local private individuals that loan money or worse still, local private loan sharks and search for them on line.
Loan sharks will not be regulated by the Financial Conduct Authority, so you need to be very careful who you approach for your new personal loan.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
Fast Private Loan Lenders UK available on this website
Private Loans sharks can also be known as Private Loan Lenders UK and again the applicant must beware of the source of their new loan.
We have a number of UK Lenders that are approved and registered and they are advertised on this website and should be able to provide you with a Private Loan.
We are also registered and approved Finance Brokers and you can check out registration on the Financial Conduct Authority website for verification.
You can see the range of our loan and credit products and you can apply on this website with confidence.
The traditional lending industry is infamous for its stringency and notorious with its policies. Most banks and financial institutions would only entertain those people who either have a great financial portfolio or are not in financial doldrums.
Those who truly need some money, that too immediately, find very few options available. Fortunately, the scene is changing and with the new paradigm of private loans, there is hope.
Different types of private loan lenders UK
Any loan can be funnelled down to two kinds. It is the way to get some money when someone does not have any or it is a way to get some more money that someone needs.
Whether it is a mortgage or car loan, personal or student loan, business or private loans; they all boil down to the two kinds. It is unlikely that you would get a mortgage or student loan in the form of private loans. But the rest can be obtained depending on the value and the terms of repayment.
The paradigm of private loan lenders UK is changing fast and in whatever way it has evolved, the result has been very positive.
Today, you don’t need to hit your bank to get private loans worth a thousand pounds, more or less. You don’t need your credit history to be perfect. You don’t have to provide a guarantor, any security or even a cosigner.
You can simply furnish your personal details, proof of employment and get private loans, without waiting for weeks.
Private loan lenders UK are now facilitated by various companies, individuals and networks. The companies are outright lenders but they are privately held companies.
Individuals who have spare cash and want better returns on their savings than what banks offer have taken to websites and classifieds where they lend money to people in need.
Networks, peer to peer lending networks have become a great source for private loans. There are some networks with hundreds of lenders and thousands of borrowers. It is itself an industry.
It is safe to say that private loans have become much more available today. To top it all, many such private lender loans are obtained in just a few hours or in less than two days.
You can thus attend to your financial obligation without being compelled to wait helplessly, endlessly and without any certainty that you would get the loan from private loan lenders UK.