Flexible Loans

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. Flexible personal 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.

Flexible Personal Loans

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.

Flexible Loan Repayments

One of the great aspects of personal loans is that you are able to choose your repayment periods. For example, the most common repayment periods are between 12 months and 72 months. It is likely you will repay a small percentage of your fixed amount every month until the loan is repaid.

Am I eligible?

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 in employment 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

Flexible Loans For Bad Credit

Not everyone has great credit scores. Here at Simple Personal Loans, we understand that financial issues happen and sometimes they cannot be helped. Although we believe that you should try to increase your credit score, we still think that you should still be able to get a loan. So, in our panel of lenders, there are numerous who can offer you loans, even if your credit score is poor.

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.

Flexible Rate Loan

Some lenders offer flexible loan rates depending on a persons credit score and report. In other words, if you have a good credit score, some lenders lower the interest rates. But, if your credit score is poor, the interest rates may increase.

Flexible Loans UK

Here at Simple Personal Loans, we work with multiple lenders in the UK. This is to help you find the loan you are searching for. Some lenders offer smaller amounts whereas others offer larger, so we have lenders to suit everybody’s needs.  If you fit our criteria, Simple Personal Loans might be the best option for you.

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.

Apply Now!