London loan broker

Loans in London

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Find out the monthly payments on a loan in London. Want to know the payments on a personal loan? Complete your details and we will give you a personalised loan quote. A quick payout loan could enable you to clear all your credit cards, store cards and personal loans.



Debt Consolidation Loan in London

Live in London and trying to find a low rate personal loan? if you are having financial problems, a reputable loan broker can help you and you are comcerned about where to get help with you finances.

If you need to raise money fast, a qualified loan adviser can help you get back control of your finances. Personal loans can be used for a variety of reasons, such as making home improvements, car repairs or purchase or paying off other high APR finance. Loans at low interest rates are available for tenants, homeowners or people living with family or renting.

Bad Credit Loans in London

If you need an unsecured loan then we can help. You may want to pay off debts quickly, or possibly consolidate other loans or credit cards. Having previous financial problems, such as CCJs, arrwars or defaults may not stand in your way.

What types of loan are available?

There are different types of loans available on this website:

  • Personal Loans Click here to apply
  • Also known as Unsecured Loans or Installment Loans, this is a loan in which there is a set number of regular payments. The maximum amount you can borrow is £35,000 over a maximum term of 7 years. This type includes car loans, short term loans and unsecured homeowner loans
  • Guarantor Loans Click here to apply
  • Bad credit history? Guarantor loans from £1000 to £10,000. Your Guarantor (parent, family, friend) can be a tenant or homeowner. 39.9% Representative APR. Bad credit accepted, no fees
  • Payday Loans Click here to apply
  • Usually, payday loans are for a shorter term, often paid back in a single lump sum payment on the borrower's next payday. They have a higher interest rate than a personal loan.
  • Secured Loans Click here to apply
  • These are secured on your home and are only available to people who own their own property - not to people who are renting or living with family or friends. Secured loans normally have lower interest rates but please read the Important Information section below.

Secured Loans in London

A secured loan is secured on your property, so the lender has added security if you fail to keep up the repayments. When you take out a secured loan the lender puts a charge on your property so that it can take possession and sell it to get their money back if you default on the loan. This is why you need to be very sure that you are able to keep up the repayments.

A secured loan can be cheaper for people with a bad credit record, as the lender has the added security of your property. This means that they may be more likely to lend to someone with a poor credit record.

The maximum amount you can borrow on a secured loan is higher than on a personal loan. A secured loan can be up to £75,000 depending on the value of your property and your other financial circumstances. The maximum for personal loans is £35,000.

While the maximum period for an unsecured loan is just 7 years, a secured loan can be taken up to 25 years and longer terms can mean lower repayments.

Remember that although extending the term would reduce your monthly payments now, they will increase the overall amount you pay back.



Our fast, secure application gives you access to multiple lenders, finding you the cheapest loan based on your personal circumstances*.

For short term loans, payday loans, car loans, unsecured homeowner loans
For guarantor loans
For Homeowners only For people looking to remortgage or purchase property
  • Our smart loan search does not affect your credit rating
  • It finds the lowest rate loan available to you
  • Secure, two minute application



 

Who might need a loan?


  • I have bad credit
  • I am self employed
  • I am on a low income
  • I am young aged 18, 19, 20 or 21
  • I am a tenant
  • I want a car loan
  • I have a poor credit history
  • Vehicle loan for motorbike or caravan
  • I am renting
  • I am on a blacklist
  • I need immediate fast loan
  • I need money paid in bank today
  • I want a guarantor loan
  • I need a short term loan
  • I need a payday loan
  • I want a low APR interest rate
  • I want a secured homeowner loan

How much will a loan cost me?

You need to complete the short application form to find out how much a loan will cost you.

If you are applying for a payday loan or short term loan, please make sure it is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.

Please remember that Payday loans should only be used for very short term financial needs. Short term loans are not suitable for long term borrowing


Further information

If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.

Further information on personal loans: Wikipedia information on Loans
Credit Reference Agencies Experian Equifax



Important Information

This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan or plan for your individual circumstances. We will do everything we can to get your loan paid out as quickly as possible.

If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements

Secured Loans: A broker fee of up to 12.5% will be added to secured loans.
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

We offer loans throughout the UK

Contact us   Terms & conditions

Copyright © 2018. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Manchester. BL9 6PJ

1st Loan may receive a fee/commission for either referral or completion of your loan application.
1st Loan is not a lender but a licensed Credit Broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.
1st Loan is an Introducer to Fluent Money for secured loan business

1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.
Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.

Secured Loans

Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC. Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.

 

Personal Loans

Rates from 5.7% to 278%. Representative 51.1% APR. Representative example: £2,000 borrowed for 24 months. Total amount repayable is £6,512.44 in 24 monthly instalments of £271.36. Interest charged is £4,512.44, interest rate 112.8% (variable)

Short Term Loans

Rates from 278% to 1576%. Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable)

*subject to lenders requirements and approval
**Although our lender searches will not affect your credit rating in any way, if you are accepted by a lender, they may carry out a full credit search in order to assess your ability to repay

Where the loan recommended is a Secured Loan, security will be required on your home