FAQs

How much loan amount can I borrow?
The loan amount that you can borrow depends on your ability to repay and your individual specific requirements. After scanning your loan application based upon these factors, the limit for the borrowed loan amount is decided.

I have a bad credit record and need finance to start a new business. What interest rate will I get?
Bad Credit Loans can search for the most competitive rates available in the loan market. Your interest rate will depend on your personal and financial condition. So, the interest may vary from person to person.

What if I want to settle the loan early?
The balance outstanding will be calculated and a rebate given on the outstanding interest in accordance with the Consumer Credit Act 1974.

How much can I borrow as a payday loan?
It depends on your fixed monthly income, and your credit score or credit history. In general, the loan amount is small, but it is sufficient to fulfill your basic requirements until your next payday.

Would bad credit restrict me from obtaining quick personal loans in the UK?
No. In UK, bad credit would not restrict you from obtaining personal loans.