Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Frequently Asked Questions

We’ve tried to amass everything you need to know into the options below, but if there is something we've missed, feel free to visit our contact us page.

How do I apply for a Little Loan?

Simply decide how much you want to apply for and fill in the short online form. We'll search for a lender for you, and if approved, a loan agreement will be sent to you online within minutes. In some cases, your lender may need some verification of details such as employer or salary, but these can usually be sent online. If you agree to the lender's offer, the money will be transferred to your account, often on the same day. Once you get paid, you repay the loan and interest.

How much can I borrow?

The exact amount you can borrow depends on your personal circumstances and can differ by lender but loans are generally from £100 to £5,000.

What can I use the loan for?

There are not generally any restrictions on what you can use the money for, however little-loans are designed as a short term loan for emergencies and should not be used frivolously.

When will the money be in my account?

Once accepted, the money is sent to your bank account in as little as 15 minutes, however some lenders may include an extra charge for this service. Most loans are paid into your account on the same day and without any transaction charges. Once approved, your cash will be sent within 15 minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.

What is the criteria for Little Loans?

If you are 18 or over, in full time employment earning £750 per month or more, you are likely to meet the basic criteria. You will need a bank account that accepts direct debits and the lender is able to prove your identity.

Can I apply for more than one loan?

We would not recommend you doing so. Lenders will require that you pay off your existing loan before approving you for a new loan. You should only borrow what you can afford to pay back on your next pay date to avoid further interest and charges and to avoid damaging your credit rating.

Do you use credit scoring or credit reference agencies?

Lenders will assess your application in a variety of ways. This may include checking with credit reference and fraud prevention agencies. They will also assess your ability to repay the loan before making a decision on your application.

Why is your APR so high?

It is a legal requirement credit products are advertised with the Annual Percentage Rate (APR). Short-term loans are normally taken over a maximum term of 36 months but the Annual Percentage Rate (APR) is calculated based on paying a fixed amount of interest annually. You will normally pay back around £25 per £100 borrowed, with an APR of 1734%. Please see our representative example for more information.

When will I need to repay the loan?

Terms and conditions vary, however when you repay your loan will depend on which product you apply for. Some short-term loan require payment 28 days after you borrow (typically when you next get paid) and others will allow you to pay back anywhere up to 36 months. While it's possible in some circumstances to extend the repayment period, this does increase the amount you'll need to repay. You should think carefully before doing this as pay day loans are designed as a short term finance solution and are unsuitable for borrowing over a longer period.

How do I repay the loan?

The payment is taken automatically using the debit card details you provided so it is essential that you have the required funds available to avoid further interest or late payment charges.

What is Continuous Payment Authority?

Some lenders use CPA (continuous payment authority) to retrieve payment. This means that you authorise the lender to withdraw the funds from your bank account. They can also make multiple attempts to withdraw the money if it is not available. If you want to cancel your CPA, you can do this by contacting the lender or by contacting your bank and requesting a cancellation.

Is the information I submit when applying for a loan secure?

Yes. All your personal data is kept secure and confidential and we only keep it for as long as necessary. All the information you provide is stored in compliance with the Data Protection Act 1998 and kept secure in accordance with our privacy policy.

I don’t have a debit card - can I still apply?

It is a requirement that applicants have a debit card.

What if I have problems paying?

It is important that before applying for any type of credit you have made sure that you are able to make the repayments on the agreed date. If your circumstances change and you think you may be unable to repay the loan, it is important to speak to the lender straight away so they can discuss the ways in which they can help. If you are experiencing financial problems and have mounting debts, we would strongly advise you not to take additional loans from any credit providers and speak to somebody about your situation straight away. You can get free advice and support from a number of places, including Step Change Debt Charity, Citizens Advice Bureau & The National Debt Helpline.

How does Little Loans get paid?

Little-loans does not charge anything for using its service, however if you decide to go ahead and choose a Loan through Little-Loans, then your Lender may pay Little-Loans a commission.

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

We’re a fully regulated and authorised credit broker and not a lender.

Rates between 8.8% APR and Maximum 1698.1% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 40 lenders to get you the lowest APR possible for you. Loan term lengths from 3 to 36 months.

There are no fees for our service.