Frequently Asked Questions

Have a question about loans? Here are the most commonly asked.

Are a Lender?

As an FCA approved credit broker, we do not offer loans directly to our applicants. We act as an intermediary between you and the lender. It is our job to find you the most suitable loan based on the information you have provided.

How much do your services cost?

We are a completely free loan broker service.

How do I know if I am eligible for a Loan through

Criteria will differ between each lender; however, as a minimum you must be able to meet the following criteria to qualify.

Will I need to provide a guarantor?

Some (but not all) of the lenders we work with do require you to provide a guarantor, if you are obtaining a Guarantor Loan, you will need to find an appropriate person to act as the guarantor on your behalf.

Once I apply, how long will it take to process the application?

Our application form is very simple and can usually be completed in a matter of minutes. uses bespoke underwriting software that can match your details with our lending panel within 60 seconds.

You will then be given a list of lenders and make a decision on which lender is the one most suited to your financial requirements.

Is there a limit on how much I can borrow?

As always, your personal circumstances will dictate how much you can borrow, the terms offered will vary from lender to lender.

How will I receive the funding?

Funds are usually paid to you direct using electronic transfer. Always check the terms and conditions of any loan agreement as the payment process may differ from the lender to lender.

How long does it take to receive the funds?

This will vary between each lender, in some cases you can be paid out on the same day. As an example, if you are approved for your loan before 3pm, you can be paid out the same day in some cases, if the loan is approved after 3pm, then you will typically be paid out on the next working day.

If you are obtaining a Guarantor Loan, you will require a co-signer; this can usually delay the payment process, ensure you always check any loan agreement to see what kind of time period you could be looking at. Usually it can take between 1-3 days once your Guarantor is approved.

How do I go about repaying the loan?

Typically you will you be asked to repay via a Direct Debit or Standing Order from your bank account.

If you have the funds and wish to repay your loan early, contact your lender for a full and final settlement figure, be aware that you may be subjected to redemption penalties or extra charges if you do decide to pay off the loan before the agreement end date.

What does a Representative APR (RAPR) mean and how will I be affected?

RAPR is the abbreviation for ‘Representative Annual Percentage Rate’. If 51% or more of applicants are successful against a specific loan, this will determine the Representative APR.

When searching for a loan, it always a good idea to check what each lenders RAPR is as this will be the APR the majority of applicants will be paying on that particular product. The other 49% of applicants will be paying a different APR, this could be less than the RAPR advertised or it could be more.

The ‘A’ in RAPR stands for ‘annual’, so on short term loans the rate shown will always appear to be high. This is generally because these types of loans are not meant to be paid over a longer period. On short term loans, it is always a good idea to look at your monthly repayments first, as well as judging the RAPR against other loan products.

I have an adverse credit history; can I still apply for a loan?

Many of the lenders we have on our panel offer loans for those who have a bad credit history. Before committing to a loan, you will need to ensure that you can afford the repayments. If you are already in a position where you feel that you are financially overcommitted, it may be a good idea to seek help from a free service such as the government backed Money Advice Service which can be found here:

As part of the application process, will perform any kind of credit checks or searches?

As a broker we do not perform any credit checks or searches of your credit file as part of the application procedure. If we match you with a lender, they will be the ones who will perform either a full credit check or soft search to assess whether or not you match their criteria for borrowing.

What lenders do work with?

Please check terms and conditions for a list of lenders, they can be found here under section 3 point 5.

Once I apply, how do you use my personal information?

We pass on the information received from your application to our lending panel. The lenders will then make a decision as to whether or not they can offer a loan product to you.

Please take a look at our privacy policy for a more detailed breakdown of how we use your information.

What happens if I fall into financial problems and have difficulty making repayments on my loan?

If you are having any problems at all in repaying your loan, it always best to speak to the lender directly. They may be in a position to offer a solution such as restructuring the original payment terms.

Always familiarise yourself with the terms of your loan agreement as they may contain precise details of what to do if you can’t keep to your initial repayment plan.

Late repayment can cause you serious money problems. For help you should visit

What is your code of practice and policy on responsible lending? work with a selected panel of lenders who all abide to an ethical code of practice and operate responsible lending. The code of practice and policy on responsible lending is available from all lenders, for the customer’s information.

What is your renewal policy? are a broker, not a lender. We accept repeat applications from customers after 30 days. The renewal policy of the lender is independent of and this information will be provided to the customer by the lender.

Compliance and the lenders we work with abide by the current Financial Conduct Authority and Information Commissioner's Office guidelines.

Remuneration receive a commission from loan providers when you obtain a loan from them, these include unsecured loans, secured loans, guarantor loans and vehicle loans.

*Unsecured loans are available to a maximum of £25,000. Loans of up to £100,000 may be offered by the lenders subject to affordability. Typical Example for illustration purposes only: £25,000 over 10 years with 7.8% APR, Total to repay: £35,664, Monthly Repayment: £297.20. Overall cost for comparison is 5.5% APR typical. Overall cost for comparison for unsecured loans is 22.1% APR typical. Unsecured Loan Typical Example for illustration purposes only: Borrowing £4,500 over 36 months. Repaying £219.55 per month. Total repayable £7,903.80. Annual interest rate is 49.9% (variable).



The Money Advice Service

Copyright ©, which is a trading style of Unsecured Loans For You Ltd. Hyde Park House, Cartwright Street, Hyde, Cheshire, SK14 4EH. Registered in England. Company Reg No: 7769033. Data Protection Act Registration No: Z2884329, FCA Authorisation Reference Number: 723179.

Unsecured Loans For You Ltd are a licenced credit broker, not a lender. We are authorised and regulated by the Financial Conduct Authority. The information you provide is passed to our trusted panel of lenders where all applications are subject to assessment and approval.

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