High Interest Loans
Find the best options online from high interest loans through LoanBird in 3 easy steps. Here’s how:
Representative APR: 49.9% | Representative Example: Loan Amount: £1,000 over 12 months at £107.53 per month. Total Repayment: £1,290.36 | Interest: £290.36. Interest rate: 49.9% p.a. Fixed*.
Discover High Interest Loan Alternatives With LoanBird
Step 1 - Application
Complete our online application form in just a few minutes with the details of the loan you want and a few personal details.
Step Two - Decision
Within seconds, you’ll see your lender offers of high interest loan alternatives to choose from. Browse and choose the one you want to continue with.
Step Three - Cash
Once approved and you’ve signed your loan agreement, you’ll be transferred the funds to your bank account within 10 minutes!
Find High Interest Loan Alternatives through LoanBird
When looking online for a new loan, there are many different types of borrowing available to you, from guarantor loans to short term loans. What you’ll need to decide is how much you are prepared to pay in interest for the loan amount you need. There are plenty of high interest loans that will do so, but these could end up costing you much more than you should really pay. At LoanBird, we know that you want to find the best rates on a new loan and avoid high interest loans if possible. As FCA authorised credit brokers, we are in a position to find those lenders and help you make the best choice available.
By completing our online application form, you’ll see in minutes the loan offers we can connect you with from our panel of over 30 FCA approved direct lenders. No need to review site after site which is extremely time-consuming, instead we do the legwork as fast as possible showing you offers that avoid high interest loan lenders. No hidden fees or unexpected charges, our smart search is completely FREE to use and you can browse at your own leisure. Whilst we can’t say you will find interest-free options, you will find competitive loan products that match your finances and circumstances to provide an affordable alternative to high interest loans online. To get started, click apply now and see how we can help you today.
What Benefits Are There of Finding a Non-High Interest Loan with LoanBird?
Quick and easy online application
Find alternative high interest loans up to £15,000
Apply for high interest loans online from anywhere
Instant decision loan finder
Choose instant high interest loan options, business loans, personal loans and more
Find a non-high interest loan with no credit check required
Over 30 FCA authorised lenders of instant high interest loans in the UK
Instant bad credit loans available
Cash in your account 10 minutes after approval
No brokerage fees – completely FREE to use!
Choose a Better Option to a High Interest Loan with Us
Every applicant wants to find the lowest interest possible on a loan, so finding alternatives to high interest loans you’ll find online can become competitive between lenders. Certain loans will charge more than others, so being able to spot high interest loans before applying is important. Traditionally, payday loans have been seen to charge very high interest rates, but this is more so when customers keep hold of these loans for longer than originally planned. The reputation of payday lenders has got better, and the sky-high interest charges have been limited, but that doesn’t mean that the interest rates of other loans aren’t as high.
With our smart search, we’ve made it easy to compare and review lender offers without having to spend hours manually visiting each website. You’ll be able to see the APR rates for the amount and repayment terms you seek and make the best decision for you. If you can afford to maintain the repayments on any form of borrowing, and you are happy with the interest being charged, then there is every chance you’ll find a great alternative to high interest loans through us. With APR starting from 49.9%, you could find some of the lowest interest rates from the lenders we can introduce you to.
Am I Eligible for Non-High Interest Loans?
To start browsing your lender offers, you will need to meet our eligibility requirements. You’ll see that we have made this as simple as possible so that we can help more customers find a loan ideal for them. To apply, you must be:
At least 18 years of age
A resident in the UK
Hold a UK bank account with a valid debit card
Receive a regular income
As well as meeting the above, you will need to ensure you have proof of identity, proof of address and your most recent bank statements to hand. This is so that if you find an offer you want to continue with, there will be no delay in your application. You will also need to undergo a full credit check as part of your application for non-high interest loans. Once all checks have been made and you’ve been approved, you could receive your new loan within 10 minutes into your bank account to start using straight away.
Apply Now for High Interest Loan Alternatives
We can help you find the loan offers you’ve been looking for in just a few clicks, so start your application today and see what you could find. Have any questions about high interest loans or LoanBird in general? Don’t hesitate to contact us when convenient to speak to a member of our team. Whatever it is you need advice on, we can help point you in the right direction.
High Interest Loan FAQs
What APR Can I Expect from a High Interest Loan?
Many high interest loans that you find online can charge triple-figure interest sums, depending on the type of loan you choose. Here at LoanBird, APR starts from 49.9% across the lenders we can connect you with, so depending on the loan you want to borrow, how much and how long for, and what your current credit score is, you’ll be able to find the best deals to match. Every lender we connect you with will show you exactly the amount of interest due on the loan amount you’re looking for. There are no hidden fees and you’ll be able to review the full terms all in one place. Our customers can make a financially savvy decision on a loan at their own pace.
What’s the Maximum Repayment Length on a High Interest Loan?
The maximum term available with a loan through us is 5 years, but this will depend on the type of high interest loan alternative you choose. Payday loans, for example, are designed for an emergency short term position, so the terms are normally shorter than for a personal loan. With a high interest loan, it can vary how the interest is charged, but usually, it’s included in the loan amount at the start of the loan instead of being charged monthly like with a credit card. You should aim to keep the repayment term as short as possible, but this will depend on how much you can afford to pay each month.
Should I Pay Off High Interest Loans Early?
With a high interest loan, the quicker you can pay it off will help to reduce the amount of interest charged overall. However, with some high interest loans, as the total amount of interest is already included in the loan amount, whether you pay off the loan quickly or stick to the fixed repayments won’t change the amount to be paid. Some loan types may entitle you to a partial interest refund if you can settle the balance earlier. This is common with some personal loans, so check the terms of your credit agreement first. You may have to pay an early repayment fee to do so, meaning you should work out what’s best for your finances first.
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