Here at LittleLoans we act as a loan broker, with flexible loans from £100 to £5000 available. Through a panel of leading UK lenders, we can offer affordable terms of 3 months to 36 months, depending on the amount you borrow. We believe that borrowing should be quick, simple and accessible, which is why we have developed our innovative loan eligibility checker.
Our loan eligibility checker is designed to analyse your information, so that we can let you know your likelihood of acceptance, before you spend time completing an application form. The tool takes just 60 seconds to use and will ask a few key questions. For example, the ideal loan amount, loan term, your income and outgoings.
Our loan eligibility checker is free, and you will be under no-obligation to proceed with a loan application. The tool will not impact your credit rating, so is an ideal way to test your eligibility without a credit search.
Each time a hard search of your credit file is completed, a footprint is left on your credit report. If your report shows too many of these in a short period of time, it may impact your credit rating. If you want to protect your credit rating or are already struggling with a poor credit rating, we advise against completing multiple loan applications.
Instead, use our loan eligibility checker and if it shows that you are likely to be accepted, there is no need to apply with multiple lenders on many different websites. Just complete our application form and you will benefit from the most competitive loan offer, from the lender most likely to approve your loan, with only a single loan application.
If the loan eligibility checker shows you have a good chance of acceptance, the next step is to complete our 2-minute application form. You will need to enter your personal details, income information and financial commitments. The lenders will then complete a soft search of your file to help them provide you with an accurate loan quote.
If you decide to accept the presented loan option, the lender will then complete a full credit check. This is the check which will show up on your credit file. However, by this stage through our loan eligibility checker and innovative soft searching of your file, you will already be matched to the lender most likely to approve your loan.
If you are accepted for a loan, the funds could be released in just 10 minutes.** Although, the final availability of the funds will depend on the processing speed of your bank.
As with all financial products, if you take out a loan there will be financial impacts. If our loan eligibility checker shows that you are unlikely to be accepted or you are already struggling financially, there are organisations available to help. For example, Step Change and The Money Advice Service can both offer free and impartial financial advice.
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