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Representative Example: Loan Amount – £200 | Borrowed for 10 days | Interest: £9.89.
Total Repayment: £209.89 (Fixed) | Representative APR: 728.9% 
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. Cashcomet.co.uk Introduces customers to Monevo Ltd for the purposes of obtaining a loan. Cashcomet.co.uk does not provide any loan or consumer credit products directly.

 

Personal Loans

Moving Forward Starts Here

A personal loan can help you take control of your finances.

Personal Loans

See Why They’re Happy

Our customers rave about On Stride Financial. We’re just happy to help.

Why Choose Cash Comet

We offer more than just personal loans…

Loan Customisation

Choose a loan option that works best for you.

No late fees

What you see is what you get – no hidden or late fees.

Dedicated Customer Service

It’s our job to make sure your questions are answered.

Cheap Loans: Finding the Best Loans in the UK

In this day and age, loans keep countless businesses and households afloat. Because cheap loans and other loan services have become integral in the financial survival of both man and the industry, demands for loans have steadily grown throughout the years. While the number of borrowers steadily increased, eventually, so did the number of unpaid debts. In an attempt to address these persistent problems, traditional lending institutions such as banks and other lending firms have decided to come up with a credit scoring system that would easily solve these problems. Through this system, borrowers who are likely incapable of paying off their loans are easily segregated from those who are likely able to pay theirs off without any problem. With this system in place, those who have income levels that do not meet the required minimum set by the lending firms automatically received poor credit scores, while those who frequently fell behind their monthly payments automatically reflected bad payment histories. As a consequence, individuals with poor credit scores and bad payment histories were automatically disqualified and precluded from taking any more loans from any of the legitimate lending firms and institutions. The impact of this system on the economy was such that in times of urgent financial crises, borrowers with poor credit were left with very few and equally unpleasant alternatives. Because these borrowers could no longer apply for loans in any of the traditional lending firms, they are often left to choose between borrowing money from their friends or members of their families, or resort to underground loans by lenders operating illegally. And while this latter option does provide borrowers temporary relief from their ongoing financial problems, the abnormally high interest rates inherent to these types of cheap loans solutions often leave them in even worse financial situations.

why choose cheap loans

Finding Cheap Loans for Bad Credit

As the number of borrowers with bad credit steadily increased throughout the years, an entire new market has been consequently created. And as demands for affordable and secure cheao loans solutions continued to soar, they’ve soon become hard for lending firms to ignore. With the consequent evolution of the lending industry as well as the continuing advancements in technology, innovative new loan solutions were soon created. Through these innovative new loan solutions, borrowers now have access to better, more secure, flexible, and far more affordable financial services. With these new loan services, borrowers now have better options to choose from in times of urgent financial crises. And while applications for most of the conventional loans being offered by traditional lending institutions such as banks and other similar firms often entailed long waiting in long lines for long hours just to submit applications, as well as even longer waiting when it comes to approvals and release of approved loan funds — the innovative new loan solutions that are now easily available to lenders in the market ensure not only much simpler and much faster transactions, but also the borrower’s utmost convenience.

Getting Cheap Loans and Instant Loans

Through the innovative new cheap loans services that lending firms have now made  easily available in the market, borrowers no longer have to endure waiting in long lines for their application submission, nor do they have to undergo even more waiting for the application’s approval. With the continuing evolution of the lending industry as well as the latest advancements in technology, applications for these innovative loan services can now be completed entirely over the internet. Through these new loan solutions, borrowers need not be problematic about submitting difficult requirements, as applications for these cheap loans only necessitate basic documents. With these innovative new financial services, borrowers may now submit their requirements over the internet. And since everything can be accomplished entirely online, borrowers now have the convenience of being able to submit their applications from anywhere, anytime. Because applications for innovative loan solutions such as instant loans are completed entirely over the internet, applications are processed as soon as they are submitted. And since these applications are processed immediately, borrowers can now expect for their approval in as little as just mere minutes. The release of approved cheap loans funds, on the other hand, can now be accomplished in the same day that the application was submitted. Because of these features, instant loans actually make the best resolutions in times of urgent financial situations — such as those that involve urgent car repairs, home repairs, or payment of hospital bills as well as other similar expenses.

Instant loans also make good alternatives in making relatively affordable purchases — such as those that involve new wardrobe, new gadgets, home furnishings as well as home appliances. These loan services also make great options in addressing other expenses, such as that of travel, education, and other expenses. But while instant loans make great options in addressing minor financial situations, they don’t make good solutions when it comes to more serious financial conditions. Because instant loans are small loans that are typically to be paid over in short term payment conditions, they can not be used to address more complicated financial problems. In these situations, borrowers are better off procuring secured loans, which are loans in higher amounts that are payable over longer payment term conditions.

Getting Cheap Loans from Direct Lenders

While many borrowers believe that procuring loans directly from the lenders yield more savings than securing loans with the help of loan brokers, the truth is, borrowers are likely to save more through the latter. Since cheap loans brokers have extensive connections to numerous lenders across numerous areas, they have access to all the different deals and promotions being offered by these lenders in different regions. Because of these, borrowers actually have more chances at more savings in the long run, especially since cheap loans brokers often ensure that they are provided with extensive assistance. Through loan brokers’ services, borrowers are actually provided with the best loan options, given their unique financial situations. And while procuring loans from the lenders directly allow borrowers minimal savings, securing loans with the help of loan brokers ultimately lead to far more benefits.

why choose cheap loans

10 Tips for Borrowing Personal Loans

Ask Questions.

If you have any questions or concerns regarding your personal loan, don’t hesitate to contact your lender’s customer service department. It’s their job to make sure there are no issues with your loan.

Make Your Payments On Time.

Most lenders charge late fees for missed or late payments. Try to make your payments on time to avoid any unexpected charges. If you know that you may miss an upcoming payment, contact your lender beforehand to come up with an alternative solution.

Repay Your Loan Early.

If your lender doesn’t charge an early repayment fee, consider paying off your loan early. Doing so could greatly reduce the interest accrued on your loan.

Don’t Borrow Too Many Loans.

By borrowing too many loans, you run the risk of falling behind on payments and acquiring many late or missed payment fees. Only borrow what you know you’ll be able to repay comfortably.

Read Your Contract.

Make sure you read and understand the contract before signing your loan agreement. Many of your loan’s rates and terms will be explained here in detail, so it’s an important document to review before proceeding.

Check Your Information.

Before submitting a loan application, review your information to make sure everything is accurate. This will accelerate the approval process and allow the lender to make the most accurate lending decision regarding your application.

Review Your Credit Rating.

Borrowers with good credit ratings will typically receive better rates than those with less-than-perfect credit. Your credit rating will also let lenders know if you’re a high- or low-risk borrower.

Read the Eligibility Requirements.

Not everyone is eligible to apply for a personal loan. Before spending too much time on an application, check the lender’s eligibility requirements first to see if you qualify.

Shop Around.

Make sure you shop around and compare APRs before applying for a personal loan. There are several price comparison websites available that can help you find a lender that you’re most comfortable with.

Find the Right Loan.

There are several types of personal loans you can apply for: secured, unsecured and guarantor loans. Visit our Personal Loans page to learn more about each loan type and which one best suits your needs.

Here You can see some Examples of Competitors

Loan amount
£100 - £1,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Good short term plans with great rates.
Apply Now

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Loan amount
£100 - £2,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Excellent service and rates.
Apply Now

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5 most recent personal loan reviews

Review of Cash Lady

I was so surprise about service, it was quick simple and easy but not forgetting the friendly staffs. Each and everyone I spoken was so helpful and ready to go extra mile. Really good, Gooood job.

Review posted by Yusuf Abboud, Dorney

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Cashback Loans

I was very worried about taking out a loan having never done this before but the girl made it so easy. She was nice to talk to, everything was made clear and precise, no problems whatsoever. Providing you keep up the payments I would recommend this to anyone. They kept myself and the guarantor informed every step of the way. Would definitely use Cashback again. I can now build my credit score. Any problems I can ring up and you have a personal plan. Great experience.

Review posted by Claudette Osborne, Kettering

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Little Loans

Found myself looking for a guarantor car loan as I'm only 19 and so I didn't have any good credit against me to get a normal one. Not only was Little one of the lowest interest loans I found but they were really helpful and it only took 2 days from applying to getting the money in my account. Brilliant service, would definitely recommend.

Review posted by Alex Kidd, Hull

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All our reviews are gathered from Trust Pilot to ensure authenticity.