Easy Loans

At Little Loans, we understand that in today’s fast-paced world, unbudgeted bills and expenses can land at your door when you least expect them. If you’re in need of funds at short notice, but there’s not quite enough in your savings account to cover that unplanned bill, then a quick and easy online loan may be the solution for you.

Important: before we take a close look at easy loans, it’s vital to remember that loans are not ‘easy to get.’ The Financial Conduct Authority (FCA) requires all authorised and regulated lenders in the UK to complete a creditworthiness assessment on everyone who applies for a loan. These checks are carried out to protect you, and they cannot be fast-tracked, rushed, or avoided.

What are easy loans?

Short-term loans are sometimes referred to as easy loans as you can usually complete your application online before receiving a quick quote. Today’s technology makes our lives easy in many ways, so applying for a loan should be no different.

To ensure your loan search is straightforward and simple, we use soft search technology to try to match you with a lender. A soft search is a type of affordability check that does not affect your credit score and is only visible on your credit report to you and the company who carried out the check.

How simple is it to apply for an easy loan?

It is usually straightforward to apply for a loan online today. You can use your mobile phone, tablet, laptop, or a desktop computer to find and research different direct lenders or credit brokers. The initial application stage usually takes only a few minutes, and you could receive a quick quote in around 60 seconds.

It’s important to remember that just because you can apply for a loan easily, it doesn’t mean that you should. Searching for a loan should involve a lot of thorough research and you should only apply after careful consideration.

Is it straightforward to be approved for an easy loan?

While many lenders and credit brokers aim to make the loan application process as straightforward as possible, it isn’t easy to be approved for a loan.

When you make a full application for a loan directly with a lender, you’ll undergo a creditworthiness assessment. We’ll talk about this in more detail further down the page.

You will have to show your chosen lender that a loan is affordable for you and that you’ll be able to make your repayments on time each month.

Can I get an easy loan without a credit check?

You cannot get a loan without a creditworthiness assessment.

As previously mentioned, the FCA requires all authorised and regulated lenders to carry out a creditworthiness assessment on anyone who applies to borrow credit. A creditworthiness assessment will be in the form of one of the following methods:

1. A hard search

A hard search provides lenders with an in-depth look at your financial history. It will remain on your credit file for up to 12 months and will be visible to any other companies who carry out any further searches.

2. Open Banking

Open Banking is a safe and secure procedure used by many authorised third parties, such as lenders. With your consent, Open Banking allows your chosen third-party to access your online bank account with a read-only view.

While you can’t get a loan without a credit check, you can assess your loan eligibility with our free QuickCheck tool. It will show your chances of being approved for a loan with one of our lenders using a soft credit check. If you go on to complete a full application, your lender will then carry out a creditworthiness assessment.

Can I get approved for an easy loan with bad credit?

It could be possible to get an easy loan with bad credit. While many high street banks may directly decline applications from people with bad credit, Little Loans is proud to work with several lenders who may be prepared to look past a history of poor credit. If your financial situation has improved, and you’re able to prove that you can afford to make your monthly repayments, one of the bad credit loan lenders on our panel could be willing to consider your application.

Before you apply for an easy bad credit loan, please be aware that you could be offered a higher rate of interest, which will increase your monthly repayments and the overall cost of the loan. As such, a loan may not be right for you.

How easy it is to get the money?

Modern technology makes it easy to use your mobile phone, tablet, or computer to search for a loan online, although again, it’s vital to understand that ‘easy to get’ loans do not exist, and careful research is required before you decide to make an application.

Searching for a loan with Little Loans is straightforward. Nobody likes waiting around, especially in the event of a financial emergency, and this is why we’ve spent a lot of time fine-tuning our application process to make things as quick and easy for you as possible. Our simple online application takes under 5 minutes to complete.
In just 60 seconds, Little Loans aims to provide you with a quick and simple loan quote, with the minimum amount of fuss.

If you’re matched with a loan, choose to make a full application with the lender, and pass their creditworthiness assessment, your money could be sent on the same day. Please note that every lender will have their own payout timescales, and the time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

How can I find the best easy loan for my situation?

Everybody’s personal and financial situation is different. While a certain type of loan might be right for one person, it doesn’t necessarily mean it will be the best fit for another.

At Little Loans, our system is designed so that we only show your application to lenders who are more likely to consider your easy loan request. Our aim is to find you a reputable lender able to offer you a quick loan with repayment terms affordable for your circumstances.

As mentioned, your lender will carry out a creditworthiness assessment if you decide to go ahead with a full application. If you decide not to complete your application, your credit score will not have been affected by our soft search.

Does it cost money to search for a loan with Little Loans?

Little Loans is a credit broker. Using Little Loans to help you search for a suitable easy loan is completely free; you will not need to pay any fees for our service.

Are there any other fees that I should bear in mind before searching for an easy loan?

If a lender charges a fee as part of their service, this should be made clear to you before you apply. Before you agree to pay any fee, you should make sure that the lender you’re dealing with appears on the FCA register.
Little Loans, and all the lenders we work with, is authorised and regulated by the FCA.

Any standard fees associated with the loan will be included in the Annual Percentage Rate (APR), which reflects the annual cost of borrowing. Additional fees, such as late charges, will need to be paid separately.

If you’re in a position to do so, you might choose to repay your loan early. If so, you should be aware that some lenders may charge an early repayment fee – you should check your terms and conditions for further information.

Can I get free financial advice?

Whatever you’re facing, please know that help is available. Please see the following organisations for free, confidential and impartial money and debt management advice: StepChange, MoneyHelper, Citizens Advice, and National Debtline.