Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

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Personal Loans Online - Find the right loan for you

Get a quote in 2 minutes, then decide if you want the loan. If you are unsure if you will be accepted, try our QuickCheck

Loan amount £1000
Over how many months?
79.5% APR Representative

Please keep this box ticked and you could have your loan sent within minutes**


Try QuickCheck to find out your chances of being accepted - 100% no credit footprint!

Try QuickCheck to find out your chances of
being accepted with no impact on your credit footprint!

Digitonomy Limited (trading as Clever-Loans) is a credit broker not a lender. All Applications Subject to affordability, UK residents only

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

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Personal Loans Guide

There are many different reasons why someone may look to take out a personal loan at one time or another. Personal loans are sometimes used to fund the purchase of a car for their commute to work, other times it may be for needed house repairs or improvements, while on some occasions it may be because they had a sudden or unexpected expense that they have to cover.

At Clever Loans, we act as an online personal loan broker, helping people to find the most suitable personal loans for their exact borrowing needs. We search through up to 40 loan options across 20 direct lenders on our database before recommending an option that works for you. We have a wealth of experience across our team, particularly in the areas of Financial Services and Comparison Sites.

Although we do not act as a lender ourselves, we connect our customers with lenders who offer them a quick decision on whether they can be accepted for a personal loan of between £100 and £5,000. We have put together this short guide on the personal loans process in order to help inform our clients on whether it is the right option for them.

How do Personal Loans work?

In the UK, there are a range of different sources of funding that individuals and families can explore at a time of immediate financial need. A lot of the talk in recent years has centred around payday loans, which have become a much-criticised option due to a lack of transparency on repayment terms and extremely high APR rates.

Here at Clever Loans, we do not deal in payday loans, all of the personal loans we connect you to are fully transparent in terms of our average representative APR of 79.5% and exactly how much you will repay each month, how many months the repayment will run for and what the total repayable is.

In simple terms, once you apply for a personal loan through our online loans broker site, we will search across the available options and select the best terms for what you have requested to borrow. At this point, the lender will then run their own checks, and if you are accepted by them, you will be approved for a loan of your requested amount.

What are the Requirements to be Accepted for Personal Loans?

When it comes to personal loans in the UK, there are a number of key requirements, many of which apply to the majority of financial applications in the country. To be considered for a personal loan, you will need to be:

  • At least 18 years of age
  • A resident of the UK
  • Have access to your own valid UK bank account
  • Have a regular income being paid into your bank account
  • Have valid contact details, email and/or phone number
  • Be free at present from any individual voluntary arrangement, administration order, bankruptcy or debt management

How quickly are Personal Loans transferred?

When you go through the application process for personal loans through the Clever Loans online tool, you will receive an immediate decision response on whether you are ‘accepted’ by the most suitable lender.

All of the acceptance checks are handled by the recommended lender, but once you are accepted for your loan, the funds could be sent to your bank account within minutes**

Please Note: It is always important to consider whether personal loans are the right option to consider in your current financial situation. If you take on a personal loan and at any point you notice yourself struggling to make the repayments, advice can be sought from organisations such as Step Change or Money Helper.

How reliable are Personal Loan lenders?

In terms of answering this question, we can only speak for the lenders we work with. Of course, the standards of those recommending personal loans across the UK may vary, but for the 20 or so lenders that Clever Loans will scan to find your best available loan option, they adhere to a clear set of regulations.

All of the personal loans providers that we act as a broker for are fully authorised and regulated by the Financial Conduct Authority, committed to a range of requirements and standards for any short-term unsecured loan agreement they approve. Each of our lenders will take into account a range of factors, including a client’s:

  • Credit Rating
  • Credit History
  • Financial Wellbeing
  • Ability to Make Repayments

While this list of requirements for personal loans may seem a little daunting, it should actually inspire confidence that all of the lenders we recommend are highly reputable and committed to honouring the terms of any personal loans they agree to. Additionally, Clever Loans do not charge any fees for our service.

Reliable lenders of personal loans in the UK allow you to receive the short-term funding solution you require, with a clear and manageable structure for how you will go about repaying that loan over the coming months.

You should always consider whether this is the right financial option for you and whether you have realistic means of meeting your monthly repayments. If this is the case, then searching for the best personal loan provider available to you by using the Clever Loans broker service can help you find a solution to your financial situation.

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender.