Money Super Market

We offer loans up to £25,000

The size of the loan you can get depends on your personal circumstances and eligibility of loans, as such the value of loans accepted will vary from one person to another reliant on their situation.

Terms for personal loans

Lenders classically offer repayment terms of one, three and five years. It can be appealing to opt for a longer loan payback term as the monthly rate will appear lower, however, in the long run, you will end up paying more. So, think carefully when deciding on your loan terms.

In addition, the rate you pay will mostly depend on your credit score. Most lenders conduct a credit check when you apply for a personal loan. In the event, you have a bad credit history, your loan request could be rejected or you may have to pay a higher interest rate.

The personal loan fees

Take note, often lenders charge administrative fees, which in turn will increase on your credit. In addition, be aware of any early redemption charges should you decide to clear the debt before the end of the loan term.

Alternatives to personal loans

Although personal loans can be a practical solution for many borrowers, however its worth exploring alternative options. For instance, if you need a small amount of money to carry you through the next couples of days or weeks, speak to your bank or building society and consider opting for a temporary overdraft.

In addition, you can use 0% credit cards to your advantage, either to obtain a one-off expensive item or transfer bank balance funds to consolidate debts.