Personal Loans
Short term loans you can count on.
REPRESENTATIVE EXAMPLE: Amount borrowed: £200 | Loan length: 3 Months (82 days) | Annual rate of interest: 292% fixed | Cost of credit £111.36 | Monthly payments: £103.79, £103.79 and £103.78. | Total payable over 3 payments: £311.36
Response Loans, formerly known as Fancy a Payday, is an established lender based in the U.K. that offers short-term loan solutions to borrowers. We pride ourselves on offering practical, affordable and quick loans to those with sudden financial needs. Many of our borrowers find themselves suddenly facing unexpected financial problems such as car repairs, child-related expenses and utility bills. Our application process is simple and can be completed 24 hours a day. If your loan is approved, the funds you need may even be deposited into your bank account on the same business day.
What is a Personal Loan?
A personal loan provides the borrower a set amount of money to be paid back over a fixed time period also known as a term. These are classified as unsecured loans, meaning they are not secured on an asset such as a home loan or a car loan. Borrowers will generally pay a higher fixed rate of interest compared to traditional lending options. After receiving your application, your credit may be subject to review. The loans are paid back on your pay dates.
Why Consider a Personal Loan?
Personal loans may be considered for a wide variety of reasons. Individuals may have sudden medical expenses or an urgent home repair may arise. Borrowers with a poor credit score may use a personal loan to prevent eviction or utility disconnection. Some borrowers have no prior credit usage or a poor credit history. Many borrowers are unable to obtain credit cards when sudden financial challenges occur. Those who need funds quickly should consider a personal loan despite the higher interest rate. We remind applicants that our loans are for those in need of a short-term loan. Our loans are not appropriate for those faced with unemployment or amid an ongoing financial crisis.
What are the Benefits of a Personal Loan from Response Loans?
- Your personal information is securely and confidentially managed by our state-of-the-art technology. Our systems utilise safety measures such as data encryption, layered authentication, and real-time filtration.
- Those with low credit scores may still qualify for the lowest rate available.
- We are UK based.
What are the Requirements for a Personal Loan?
A borrower seeking to obtain a short-term personal loan must be a legal, adult resident of the United Kingdom. Applicants must be employed or have another source of steady income that is verifiable. An existing bank account is required for the electronic transfer of funds. Your unique financial situation will be assessed to determine if you are in a position to realistically repay a personal loan as well.
Online Personal Loan Provider in the U.K.
Getting a Personal Loan is Easier Than You Think
Our borrowers avoid add-on fees, hidden charges and other unexpected interest costs. Our loan products are short-term and thus do not require long-term commitments. We encourage you to begin our online application if you are in need of a personal loan. You may be able to receive the money you need today!