What is a hard money loan?
In the UK, a hard money loan is a type of short-term loan typically secured by real estate or other valuable assets. These loans are usually provided by private lenders or specialist lending firms rather than traditional banks.
Who offers personal loans with low interest in the UK?
In the UK, several lenders offer personal loans with low interest rates. These loans are often available to individuals with good credit scores and a strong financial profile.
Here are some of the prominent lenders and platforms that are known for offering personal loans with competitive interest rates: Barclays Bank, HSBC, Lloyds Bank, Santander, Nationwide Building Society, Tesco Bank, First Direct, The Co-operative Bank, Yorkshire Bank, MoneySuperMarket.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 8.50% | 230 |
| 5,000 | 9.50% | 257 |
| 5,000 | 10.50% | 284 |
| 10,000 | 10.60% | 574 |
| 10,000 | 11.60% | 628 |
| 10,000 | 12.60% | 683 |
| 20,000 | 12.70% | 1,376 |
| 20,000 | 13.70% | 1,484 |
| 20,000 | 14.70% | 1,593 |
| 25,000 | 15.10% | 2,045 |
| 25,000 | 15.80% | 2,140 |
| 25,000 | 16.80% | 2,275 |
What is a bad credit score?
Bad credit score typically refers to a score that indicates a higher risk to lenders. Credit scores in the UK are generally categorized into different ranges, and a bad credit score falls within the lower end of these ranges.
Credit scores are measured differently by each credit reference agency, but a common scale is:
1. Experian:
Excellent: 961-999
Good: 881-960
Fair: 721-880
Poor: 561-720
Very Poor: 0-560
2. Equifax:
Excellent: 700-800
Good: 660-699
Fair: 600-659
Poor: 500-599
Very Poor: 0-499
3. TransUnion:
Excellent: 781-850
Good: 661-780
Fair: 561-660
Poor: 481-560
Very Poor: 0-480
Who offers doorstep loans for people with bad credit score?
Doorstep loans can be a viable option for individuals with bad credit who need access to quick cash. Providers like Provident Financial, Morses Club, Sunshine Loans, Home Credit, and Your Cash offer these loans with flexible home delivery and repayment options. However, due to their higher interest rates and associated costs, it’s important to carefully consider the terms and explore other borrowing options if possible.
See the similar FAQ about UK banks:
- HSBC loan repayment reward offer
- HSBC: how to apply for a loan
- How to claim PPI from HSBC?
- MandS Bank loan calculator
- Where do I fins calculators of Clydesdale Bank?
- Wire transfer in HSBC: how to make?
Details of companies offering the financial services:
Abound
Head office’s address: Fintern Limited, trading as Abound, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE
Contact center: 020-3443-8881
Web-site: https://www.getabound.com/
Boutell
Head office’s address: 22 The Bramhall Centre, Bramhall, Stockport, United Kingdom, SK7 1AW
Web-site: https://www.boutell.co.uk/
Cash Compare
Head office’s address: London
Web-site: https://www.cashcompare.co.uk/
Cashfloat
Head office’s address: Office 8. 2A Highfield Avenue London, NW11 9ET
Contact center: 020-3757-1933
Web-site: https://www.cashfloat.co.uk/
Cash Lady
Head office’s address: London
Contact center: 0203 966 9814
Web-site: https://www.cashlady.com/
Evolution Money
Head office’s address: 9 Portland Street, Manchester
Contact center: 0161-814-9158
Web-site: https://enquiry.clarity-uk.com/
Fair Finance
Head office’s address: 18-22 Ashwin St, London E8 3DL
Phone: +44 20 8988-0627
Web-site: https://www.fairfinance.org.uk/
Fast Loan UK
Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW
Web-site: https://www.fastloanuk.co.uk/
Got Capital
Head office’s address: 131 Finsbury Pavement, London
Contact center: +44(0)203 7500096
Web-site: https://gotcapital.co.uk/
Lendable
Head office’s address: Telephone House, 69-77 Paul St, London EC2A 4NW
Contact center: 020-3322-1948
Web-site: https://www.lendable.co.uk/
Lending Stream
Head office’s address: Lending Stream, PO Box 10756, LEICESTER, LE3 4GX
Web-site: https://www.lendingstream.co.uk
Ocean Finance
Head office’s address: Marlowe House, Watling St, Hockliffe, Leighton Buzzard LU7 9LS
Phone: +44 333-123-0022
Web-site: https://www.oceanfinance.co.uk/
Payday UK
Head office’s address: Payday Loans Limited, The Charter Building, Charter Place
Contact center: 0800-302-9409
Web-site: https://www.paydayuk.co.uk/
Salad Money
Head office’s address: 49 Greek St, London W1D 4EG
Contact center: +44-20-3092-0896
Web-site: https://www.saladmoney.co.uk
Sunny
Head office’s address: London
Web-site: https://sunny.co.uk/