Flexible loans are there to help you during the times where you need some extra cash to help pay for those things which might be out of your budget and price range.
What are Flexible Loans?
Flexible loans are exactly how they sound – they are loans that allow you to choose how much you would like to borrow and for how long you would like to borrow them for. Unlike other lenders and brokers, here at Simple Personal Loans, we give you complete control when it comes down to borrowing and choosing your repayments. This is to help you feel comfortable when borrowing and to give you a stress-free experience.
Am I eligible for a Flexible Loan?
Here in the UK, most lenders and brokers have the same/similar eligibility requirements which are necessary for applying for a loan. So, to be eligible you must:
- 18 or over
- Be employed or have a stable source of income
- Live in the UK or be a UK resident
- Have an active bank account
- Have a valid debit card for this account
- Hold a valid email address and phone number
What can I spend Flexible Loans on?
Depending on which flexible loan you are wanting, depends on what you can spend it on. A flexible unsecured loan offers the most variety when it comes down to spending your loan. They can be spent on anything (within moderation). The most common things in which people use flexible personal loans for are things like weddings, cars, holidays and debt consolidation, but it isn’t limited to this.
How do they work?
A flexible loan is borrowed from a lender or broker and then paid back in smaller monthly instalments for as long as you want (within the maximum time the lender has agreed too). Usually, the range from £1,000 to £35,000 and then repayment ranges from 1 year to 6 years. So, flexible loans are there to offer you a sense of stress-free freedom when borrowing a loan.
Applying for Flexible Loans?
You apply using our application found on the home page and then clicking apply now. Once you have completed and submitted your application, we will find you a lender to help you if we cannot. This will not only save you hassle but also time.