Our lending amounts: £100 – £5,000
Borrowing periods: 1 – 36 months
Looking for a hassle-free online loan? Whether you need £100 or up to £5000, we streamline your search here at LoanBird for the perfect loan offering flexible repayments. Avoid the hours of research – our one-stop platform offers access to the best online loans in the UK, quickly presenting you with multiple offers through a single application. Our service is free, efficient, and dedicated to finding you online loans 24/7 with just a soft search of your credit file and no hidden fees. Experience the convenience of comparing top loans from direct lenders effortlessly. Start with our simple application now and select the loan that suits 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).
Easy Online Loans in the UK – Find The Right Loan For You!
Discover online loans in minutes that fit your requirements here at LoanBird. If you are looking for a loan between £100 and up to £5000, we can help you find online loan companies ready to help you today with an affordable option.
Finding the best rates and a trustworthy lender could take hours of research online – instead, why not leave the search to us and find suitable online loans in just a few minutes.
Here at LoanBird, we offer access to the best online loans available in the UK. With one simple application, you’ll see multiple easy loan online offers fast, saving time and effort when you need cash quickly.
We provide all the benefits of a credit broker, with none of the cost – our FREE service compares the best online loans from direct lenders without the charge, so you can be sure you’re getting online loans with no credit checks upfront and no hidden fees. Use our simple online application today to discover your unique offers and choose the right loan for you!
Find the Best Online Loans Today with LoanBird
When looking for online loans, you’ve come to the right place. As an online broker, we can offer pre-approval for easy online loans with no credit checks needed to see your lender offers.
Our services are completely FREE to use, helping you discover suitable online loan lenders fast. Many of the online loans direct lenders we partner with are also online only companies, helping to bring the cost of borrowing down, passing their savings to their customers. When you borrow money online, you’ll almost always get a much better deal than you would with a high street lender.
Here at LoanBird, all of our easy online loans are unsecured, meaning you don’t have to risk losing valuables such as your home or car to get great deals in the UK. You can also be assured of fixed interest rates with no surprise increases midway through your loan term – just transparent terms and easy to understand loans.
And what’s more, if you need help, we are only a quick tap of the keyboard away. We uphold honesty and transparency as we want all customers to feel reassured in our service. Please contact us if you have any queries about your online loans application and how we can help you.
Get An Easy Online Loan and Much More
Depending on how much money you need to borrow, what you need it for, and the repayment term required, you might find that an online personal loan or a payday loan is better suited to you than others. If you don’t have the best credit history, a bad credit loan or guarantor loan could be your best option. In an emergency, a same day loan could help you get the money you need quickly.
Thankfully, you don’t need to spend time deciding which route to go down. Our quick and easy application form for online loans in the UK will match you with the best loan type for your needs.
You’ll be able to apply for online loans up to £5,000 and repay them over a period of up to five years. We give you complete flexibility to choose an easy online loan that works for you and your budget, giving you a higher chance of being approved for your loan and getting the money you need fast. In most cases, we have sent funds to customers within a few minutes of the lender accepting the loan, so discover our FREE online loan broker service today.
Need Online Loans with No Credit Checks?
Credit checks are nothing to fear, as long as you’re smart about them. Companies offering online loans with no credit check at all are likely to be scams – or at the very least, won’t offer you the protections you’re entitled to.
We offer a way to find out if you can be approved for online loans with no credit check. We only work with responsible, FCA authorised lenders who are required to carry out a credit check before processing your loan. However, as long as you’ve been honest in your loan application there shouldn’t be any nasty surprises.
Choosing FCA authorised lenders also means that you will be treated fairly and protected from uncontrollably high interest rates and fees, which is especially important if you are looking for online payday loans.
Interest will be capped at no more than 0.8% per day of the original value of your loan
If you miss a payment on online loans in the UK, your default fee is capped at £15, and you won’t be charged if you miss a second payment
You’ll never be charged more than your original loan amount in interest, even if you roll the loan over or miss multiple repayments.
Brokers and Online Loan Companies
If you don’t already know, our service is FREE to use! With us, you are safe from hidden charges or service fees. Once you apply, all the full terms will be presented to you (the cost of the loan and interest repayments etc.). Please be aware that some online loan companies will look to charge you hidden fees. Make sure you’re aware of this before you use any online loan services.
It will be clear to you how much you need to pay back and when you need to pay it. We strongly advise that you study all the terms of your loan so you understand them. If you apply for a loan which you cannot afford and end up missing repayments, this could lead to further costs.
We strongly believe in responsible lending and offer our customers flexible online loans so you can find the loan that best suits your situation and affordability.
Are You Eligible for Online Loans in the UK?
To apply today and find online loan offers to match your needs, you will need to meet our eligibility criteria first:
Aged 18 years or older
A current UK resident
Hold a valid UK bank account
Have a monthly income (e.g. from full or part-time employment or self-employment)
If you meet the criteria above, you can get started and complete our simple loans online application. We’ll just need proof of your identity, and a telephone number we can use to contact you if necessary as part of your application. Don’t worry, your personal information is safe with us! We use a completely secure server and never pass on your information unless you tell us to.
Compare Easy Online Loans from Direct Lenders
By comparing your online loans options using our service, you have a much better chance of being approved for online loans using LoanBird. Doing so also protects your credit rating, as you can see multiple lender offers together, rather than applying for and having multiple hard searches on your credit file separately. Doing so over a short period can impact and lower your credit rating, so let us help you discover more with just one online loans application.
The way it works is simple – when you use LoanBird, we can help you find the best loans to match your requirements before applying. We run a ‘soft search’ on your credit file which leaves no trace behind. This will give you pre-approval for the online loans in the UK we show you, so all you then have to do is review your offers and choose the option you want to continue with.
Our application and search process is one of the quickest you’ll find online, finding more than eight out of ten applicants a loan that matches their needs. While we can’t guarantee every applicant will be successful in getting online loans, as long as the information you’ve provided is correct and there are no errors within your credit file, there’s a good chance we can help match you to a lender.
If you are unsuccessful this time, you will still be notified on the same day of applying. If we cannot provide you with one of our online loans, we may advise other options to assist you in your search.
Understanding Interest Rates and APR Online
Interest Rates Explained
Sometimes interest rates can be difficult to understand, especially when you are searching various amounts/rates for different online loans. The interest rate for any loan will tell the customer the exact amount of interest they pay over the time chosen.
Interest works as a percentage of the loan and rates can be calculated differently. This depends on the individual’s circumstances and also the terms of each loan. Rates will either be calculated daily, monthly or annually depending on the type of loan and how long it is borrowed for.
You repay the full amount of what is borrowed plus the interest.
£300 borrowed at 4% interest for a week, you would pay back £312 at the end of the week.
(4% (Interest rate) x 300 (loan amount) = 12)
(£300 (Loan amount) + £12 (Interest rate) = Repayment of £312.00)
Interest can also be calculated as compound interest (usually occurs when borrowing over a longer time period). This works in the way that interest will be calculated with the original loan amount, plus any interest added on.
Suppose you had a 5% annual interest rate (over 3 years) on a £400 loan, this would work like so:
After year one you would owe: £420 – 5% of £400 loan is £20, added to the original loan of £400 (£20 + £400 = £420.00)
Then year two you would owe: £441 – 5% of £420 owed is £21, added to the owed amount of £420 (£21 + £420 = £441.00)
Finally year three you would owe: £463.05 – 5% of £441 owed is £22.05, added to the owed amount of £441 (£22.05 + £441.00 = £463.05)
The total amount charged by compound interest is: £63.05
Note: The above example has been simplified for easy reading. Different loan terms can involve far more complicated calculations.
What is APR?
This stands for Annual Percentage Rate. The APR works out the interest on the loan alongside any other potential charges e.g. arrangement fees. All loan providers should tell you their APR rate before you agree to any terms or a contract. However, this can vary from lender to lender depending on the terms and circumstances.
As it includes potential charges this means the APR can be a little confusing at times. It could be that the interest rate is 12% per annum, but the APR is 14%, due to the addition of charges this adds another 2% interest.
The representative APR provided by any lender should be an illustrative example of the offer supplied for most customers. It should take into consideration any fees, charges or additional costs related to the loan. A representative APR must also compute the compound interest so it offers a more practical value example of cost when borrowing.
Example: you apply for a payday loan at £500, and you pay an interest fee of £50. The loan needs to be repaid within 14 days. Let’s work out the APR:
- 1: Divide the interest by the loan amount
- 2: Multiply the result by 365 (How many days in a year)
- 3: Divide that result by the whole term of the loan
- 4: Multiply the result by 100
Let’s include the figures to solve the example above:
- £50 divided by £500 = 0.1
- 0.1 multiplied by 365 = 36.5
- 36.5 divided by 14 equals 2.6071 (this is your APR in decimal format)
- 2.6071 multiplied by 100 = 260.71% APR
Apply for Online Loans in the UK Today
Discover loan companies online that can offer the loan you are looking for at LoanBird! Whether you are looking for a larger loan over £1000 with a longer repayment term, or require online small loans to repay over a few months, we can help match you to the most suitable FCA authorised lender.
It’s important that you only apply for online loans that you can afford, so this means making sure that you will be able to manage the loan repayments before applying. You can choose a longer repayment period up to 36 months to make each payment smaller, but consider that this will increase the overall cost of your loan in terms of interest. Remember, if the lender offer you choose determines the loan is not affordable for you, they will be unable to approve your application.
We take responsible lending seriously, so if you are not in current financial difficulties and can afford the repayments you need to sustain, you can be approved today. Try out our FREE service today to find direct lenders of internet loans suitable for you!
Why customers choose our online loans
Online Loan FAQs
Unsecured loans do not require customers to use an asset (e.g. Car/House) to secure the loan. At LoanBird, we only provide unsecured online loan options from our panel of lenders, so there’s no need to secure any property to the loan or provide a guarantor to apply. Instead, just choose the loan amount and repayment term you’re looking for, and discover internet loans that are designed to help you get cash quickly when you need it most.
Customers who require online loans in the UK will expect the money as quickly and effectively as possible. That’s why we are passionate about providing the best possible journey for every customer with immediate helpful options. Please be assured that our online loan terms are always transparent and we won’t have you waiting around for an answer. LoanBird always aims to deliver a decision in minutes.
We can help you find many different types of online loans in the UK using our smart search which takes just a few minutes to use. We have both short and long term loan options available including online small loans, personal loans, guarantor loans, home improvement loans and emergency loans to name a few. Whichever reason you have for looking to borrow money, you’ll find pre-approved options through us. Our panel of loan companies online will offer the best loan for your circumstances, and you’ll be free to review your offers to compare each in your own time.
The APR can vary between lender offers, but all online loans start from 43.1% from our panel of lenders. Depending on your circumstances, you could find a loan offer through us that has a favourable interest rate. All the information relating to the lender offer will be available to you so that you can review and choose the best option for you. Please note, the APR will be higher with certain loan options than others, for example, a payday loan, so be sure to fully check the details before proceeding with an agreement to ensure you are happy with the terms offered.
Once you have been approved and have signed your digital loan agreement for online loans in the UK, you will receive the funds the same day and in most cases within 10 minutes. This will depend on if the lender and your bank support faster payments, if so, you could put your new loan funds to good use straight away. We’ve made the process of getting the loan you want quickly as simple as possible, so that you can go from completing an application to having the approved funds transferred to your bank account fast within 15 minutes where possible.
Yes, it’s important to take care and ensure that you’re only applying with secure companies when searching for online loans. You should immediately be wary of any company that asks for fees upfront before you borrow money online. At LoanBird, our trusted partners will never charge you upfront.
If you’ve ever been cold-called about online loans from direct lenders or brokers, give them a wide berth. No legitimate company will use your personal information in this way, and it would be irresponsible for us to offer loans to customers unexpectedly. We’ll never pass on your information to other companies without your express consent.
You should also always check that you’re on a secure server before sharing any of your personal or financial details. You’ll see a padlock symbol in the address bar of your browser that confirms this. Always make sure that you’re on our secure website: https://www.loanbird.co.uk/.
You can opt for a loan to cover various needs, from a holiday to purchasing a car. There are a variety of online loans, each suited to different needs and circumstances. Understanding what online loan is right for you and how it works is the first step to borrowing responsibly.
Online loans are financial contracts in which the lender agrees to provide the consumer with a particular value of money. The money is to be paid back monthly over a set period. There’s always a set amount of interest on your repayments which you need to be mindful of. The terms and conditions of an online loan in the UK will differ from lender to lender.