If you want to borrow money and pay back a fixed amount every month, our unsecured loans could be one option. Whatever you’re borrowing for, a personal loan from Simple Personal Loans could be right for you.
Personal Loans UK
When you need to borrow a fixed sum of money over a fixed amount of time, that’s known as a personal loan. They are mostly fixed at a set rate of interest. As well as being the main type of lending performed by the banks and building societies alongside mortgages. Mortgages are similar except they are secured against an asset, in this case, a house or a boat.
Most personal loans are also unsecured or secured loans which means that you are personally responsible for the debt. As they’re not secured against something with high value like a car or home.
Personal Loans Calculator
When applying for a personal loan it is common for people to use a calculator first to get a rough idea of factors like interest rates linked to how much they are wanting to borrow. Please note that personal loan calculators are only guides. The fixed amount that you are required to pay back might be larger or smaller than the guide mentions.
Personal Loans For Bad Credit
We cannot guarantee that you will get a loan at a low APR rate, but that does not mean you won’t get one at all. Due to working alongside a very large panel of direct lenders, we are certain that you will be able to get your hands on the loan you want. Plenty of our lenders offer bad credit personal loans so you have a good chance of being accepted. We are regulated by the FCA.
Best Personal Loans
If you’re new to this type of borrowing, you might be confused about where to start. They are really simple, you choose the amount you need and over how long. The lender will then look at what you can afford and your ability to meet the monthly repayments. They might offer you either a smaller amount or longer-term to make the loan affordable.
One important aspect of the loan and one that determines how much you need to repay is your APR. The Annual Percentage Rate is how the lender makes some money. The interest gets added to your loan and the total repayable is the original amount plus the interest. That APR can make a big difference to the amount you pay so watch it carefully.
Here at Simple Personal Loans, we offer a wide range of loans from our lenders. This means the APR can be within a wide range. The final amount will depend on your circumstances. Therefore, you may not know until you complete all of the checks with your lender.
Online Personal Loans
Thankfully, here at Simple Personal Loans, we offer an online, 24-hour service. This means that you can access your application at any time of the day and your application will be forwarded to direct lenders. Having an online service makes the whole process a lot more simple and easier. It allows you to apply for a loan at any point in the day. This is especially useful for those who work unusual hours, or do not have much spare time.