High Interest Loans

Sometimes financial challenges arise unexpectedly. At LoanBird, you can find alternatives to high-interest loans that are more accessible to people facing urgent financial needs or credit limitations. These loans provide a lifeline for those who may have experienced setbacks due to unforeseen expenses and need immediate support. Our alternatives to high-interest loans offer a reliable solution to help you cover your finances when you find yourself short of cash. Apply now to see offers from over 30 FCA-approved lenders based on your needs.

Rates from 12.9% APR to 1625.5% APR. Minimum Loan Term is 1 month. Maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Total amount repayable is: £1564.59. Interest amounts to £564.59, annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Discover Alternatives to High Interest Rate Loans in 3 Steps

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 60 minutes!

High Interest Loan Alternatives – How We Can Help at 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. As some of these may be a form of high interest loan, being able to quickly find the best option for your finances is something we can help you with here at LoanBird. We work with a panel of lenders so you can review multiple offers in minutes to discover affordable repayments for the loan you need. If you are wanting alternatives to high APR loans and are short on time, let us help you with our FREE online service.

As with any loan, you’ll need to decide how much you are prepared to pay in interest for the loan amount and terms you need, so that you are not paying back more than you ideally want to. There are many lenders of high interest loans available, so being able to quickly review your options to make an informed decision is important. Here at LoanBird, we know our customers want to find the best rates on a new loan and avoid high interest loans where possible. As Financial Conduct Authority (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. There’s no need to review site after site which can be time-consuming and still leave you unsure of the best deal. Instead, we do the legwork as fast as possible showing you offers that avoid high interest loan lenders and provide affordable options.

Through us there are no hidden fees or unexpected charges, with our smart search completely FREE to use whenever you need to 24/7. You can browse at your own leisure and there is no obligation to continue with any of your loan offers if you change your mind – it’s all about helping you see what’s available as an alternative to high APR loans and providing all the information you need to make the best decision for you.

Whilst we cannot provide interest-free loans, you will find competitive loan products that match your finances and circumstances, providing an affordable alternative to high interest rate loans online. To get started, click apply now and see how we can help you today.

loanbird can find the most suitable options for high interest loans

Benefits of Using LoanBird To Find Your Next Loan

Quick and easy online application

Find alternative high interest loans up to £15,000

Apply online from anywhere, on any device

Instant decision loan finder

Choose both short term and long term loan options

Review your loan offers with no credit check required

Over 30 FCA authorised lenders offering alternatives to high APR loans

Affordable bad credit loans available

Cash in your account in under 60 minutes after approval

No brokerage fees – completely FREE to use!

Choose an Affordable Option to High APR Loans with Us

Every applicant wants to find low APR loans that make borrowing more affordable. Due to this, finding alternatives to high interest loans can become difficult and competitive between lenders. Certain loan options will charge more than others, so being able to spot high interest rate loans before applying is important.

Traditionally, payday loans have been seen to charge very high interest rates. When customers keep hold of these types of loans for longer than originally planned, the costs can quickly build up. However, the reputation of payday lenders has improved in recent years, and the sky-high interest charges associated with them have become limited thanks to the FCA price cap introduced in 2015. To have the best chance of finding a suitable alternative to high APR loans, you want to find a fast way to compare your options and see the best offers matching your budget – that’s where we can help at LoanBird.

With our smart search, we’ve made it easy to compare loans and review your lender offers without having to spend hours manually searching online. 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 43.1%, you could find some of the lowest interest rates from the lenders we can introduce you to, so start your search today with us and see what’s available.

Am I Eligible for High Interest Loan Alternatives?

To start browsing your lender offers today, you will need to meet our eligibility requirements first of all. We don’t require customers to have a high credit score, but you must meet the following:

At least 18 years of age

A current UK resident

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 supporting documents including proof of identity and address, and your most recent bank statements. 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 full credit and affordability checks as part of your application. As we only work alongside responsible lenders, they need to ensure you can afford to sustain the loan you need without falling into financial difficulties. As mentioned, we do not require customers to have a perfect credit history, so if you do have poor credit, we may still be able to match offers with your affordability.

Once all checks have been made and you’ve been fully approved, you could receive your new loan within just 10 minutes of signing into your bank account. Through us, we can help you resolve your financial situation and repay with affordable repayments – it all starts with reviewing your offers today!

three people in work brainstorming

Apply Now – Find 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.

If you are someone in current financial difficulties, you should consider where further borrowing is right for you. Please visit Money Helper where you will find further information and impartial financial advice to help.

High Interest Loan FAQs

What APR Can I Expect from a High Interest Loan?

Many high interest rate loans you will find online can charge triple-figure interest sums, depending on the type of loan you choose. Here at LoanBird, APR starts from 43.1% 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 loans 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 APR 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.