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See Representative Example for a 3-month term. Representative Total Amount of Credit: £400. Duration of the Agreement: 90 days Total Amount Repayable: £561.92 to be repaid in 3 equal instalments of £187.31 on your next 3 payday. Interest charged is £161.92, interest rate is 161.9% per year (variable). Representative APR 305.9%. We are authorised and regulated by the FCA – Financial Conduct Authority. POUNDA IS A LICENSED CREDIT BROKER NOT A LENDER. Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk

Home » Low Interest Loans

Low Interest Loans in the UK: Finding the Best Loan Options

Loans have always played an important role in the financial survival not only of individuals and their respective households, but also of business, be they big or small. But as demands for loans continued to increase over the years, the increasing number of borrowers has, in turn, given rise to an equally increasing number of unpaid debts. And as traditional lending firms and institutions strive to meet the demands for loan services while trying to lower the number of unpaid debts, a credit scoring system was eventually created. Through this credit scoring system, traditional lending firms were easily able to segregate borrowers who will likely be unable to pay off their loans, from borrowers who are most likely to pay theirs off without any problem. With this credit scoring system in place, individuals with income levels that fall short of what the lending firms have decided to be sufficient were automatically given bad credit scores, while the borrowers who often missed their payments — regardless of their reason —consequently found their records automatically reflect bad payment histories. Because of this, borrowers with bad credit scores and unacceptable payment histories were automatically disqualified from securing any more loans from any of the standard lending firms. And while this credit scoring system proved to be extremely helpful to the lending firms, it proved to be extremely disadvantageous to the welfare of the borrowers.

low interest loans, Low Interest Loans

Because borrowers with bad credit could no longer secure loan services from any of the legitimate lending firms and institutions, they were often left to choose between borrowing from lenders operating illegally, or asking for money from their friends and family. Because asking for money from friends or family is not always easy, many borrowers with poor credit scores and bad payment histories were left to resort to taking underground loans from the lenders operating illegally. Through this latter option, borrowers do receive the financial help that they need especially in times of tight financial situations — but the long-term financial repercussions that are inherent to these loans often leave borrowers in perpetuated difficult financial situations. Because underground loans have excessively high interest rates, many borrowers often later on find themselves in even worse financial conditions.

As more and more borrowers with bad credit fall into the same predicament, however, the rising demands for better and much safer loan services soon paved the way for the creation of an entire new market.

Getting Low Interest Loans for Bad Credit

With the increasing demands for better loan services in the then-newly created market comprised of borrowers with bad credit, lending firms soon came up with innovative new loan services designed especially for borrowers with bad credit. Through innovative new loan solutions such as low interest loans for bad credit, borrowers now finally have access to much more affordable and much more secure financial alternatives. With flexible new loan solutions such as low interest loans, borrowers need not have to endure having to borrow more than what they actually need given their unique financial situation, which means they also no longer have to pay for interest rates much longer than what their financial situation actually necessitates. Unlike applications for the more common conventional loans that are being offered by many of the traditional lending firms, application procedures for low interest loans for bad credit are far less complicated. Through low interest loans for bad credit, borrowers no longer have to submit impossibly hard to procure requirements, nor do they have to wait in long lines for long hours just to get their applications submitted.

How to Get Low Interest Loans and Instant Loans

Through the latest innovations in technology, as well as the continuing evolution of the lending industry, innovative new loan solutions such as low interest loans and instant loans have made it possible for borrowers to submit their loan applications right straight from the comfort of their own homes. Because applications for low interest loans and instant loans can now be completed entirely over the internet, borrowers can now expect for their applications to be processed even as soon as they are submitted. With innovative new loan solutions like low interest loans and instant loans, borrowers may now also expect approvals of their applications just minutes after their submission, while the release of funds for approved loans, on the other hand, may now be expected in as little as just mere hours after the applications were submitted.

Because of these features, innovative new loan services such low interest loans and instant loans make the best options in times of urgent financial situations, such as those that involve bills that need to be urgently paid — including hospital bills, urgent car repairs, home repairs, as well as other similar expenses. In financial situations that call for loans in much higher amounts and much longer payment terms, borrowers may also depend on low interest loans to address their ongoing financial situations.

Securing Low Interest Loans from Direct Lenders

Many borrowers tend to believe that by not having to pay for loan brokers’ service fees through borrowing from the lenders directly, they enjoy the benefit of saving more money. What many borrowers do not seem to know, however, is that because loan brokers have far-reaching connections to numerous lenders in varying regions, they, consequently, have extensive access to all the promotions and discounts that many different lenders offer across many of their different loan services. Because of this, borrowers procuring loans with the help of loan brokers enjoy far more savings and much more benefits in the long term. And since loan brokers often offer borrowers extensive assistance to their clients — by offering expert financial advise to the borrowers, they are guaranteed the best loan options that they can get in relation to their unique financial conditions. So while it’s true that borrowers do save money by not having to pay for loan brokers’ fees through borrowing from the lenders directly, the advantages that come with loan brokers’ services far outweigh this temporary and rather small benefit.

low interest loans, Low Interest Loans