Frequently Asked Questions

 

What is auto decisioning?

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

Am I eligible for a loan?

If you can answer yes to the following questions, then you are eligible to apply for a loan from GetMyLoans™ today.


You are aged 18 or over?
You are a UK resident?
You have a permanent address?
You have a regular income?
You have a UK bank account
You have a UK debit card?
You are not currently bankrupt?

 

Can I cancel my loan?

Yes, by law you have the right to withdraw from your loan agreement within 14 days of signing your agreement including e-signatures. If you decide to withdraw from the loan, you must return any money that has be loaned to you, plus any accrued interest. You can cancel your loan by contacting the lending department of your lender.

 

How does it all work?

When you choose GetMyLoans™, you access a fresher, more flexible way to borrow, with repayment terms that suits both your life and finances. Our processes are simple, clear and designed with you in mind.

The entire loan application process is quick and easy, and carried out online via our secure servers. Once approved, cash is deposited in to your current account for withdrawal when you need it.

There are three short steps to complete to apply for your loan.

Step 1 – Complete our short online loan offer form. It’s only one page, and will take less than a few minutes. We only need your basic details, and there’s no paperwork or awkward questions.

Step 2 – Submit the loan offer form, and we’ll give you our lending decision normally within 60 seconds¹.

Step 3 – Once your loan is approved, you’ll be given a clear confirmation of the loan details, including repayment amounts and dates, any charges or fees and the total cost of borrowing. You should review these details carefully before deciding whether to accept the loan or not. Loan offers are no obligation, so if you don’t want to proceed that’s ok. You are in control.


And that’s it, as easy as 1 – 2 – 3.

 

When will my loan be paid?

At GetMyLoans™ we understand that life rarely goes to plan, and now and again, you may need access to extra funds quickly to help you on your way again. Once your loan is approved, funds can be paid into your bank in as little as ten minutes², subject to final checks, deposits and clearing time.


This may vary depending on your bank processing times or the time of day when your loan is approved. Funds transfer times will be fully detailed in your loan offer, before you decide to progress with the loan.

What if I have bad credit?

At GetMyLoans™, being accepted for a loan isn’t dependent on your past credit history, but on your current circumstances. So if you’ve had CCJs, defaults or arrears in the past – or even if you’ve never had credit before – it needn’t be a barrier to being approved for a loan. Our focus is on now, and your ability to afford and repay the loan, without causing you future money worries.

You also don’t need to be on the electoral register. The lending decision is based on a number of factors. As a guide these include:

Your disposable income
The amount you have left after paying general living expenses.

Your income stability
How long you have been in the same employment.

Your residential status
How long have you been living at your current address.

 

 
 
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