FAQ’s


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.co.uk 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?

 

Are my details secure?

At GetMyLoans.co.uk your personal information is if the utmost importance to us. We are registered with the Information Commissioner’s Office (ICO) and our Data Protection Registration Number is: Z3624187. All information provided by you will be treated with the highest standards of security and confidentiality and in accordance with the Data Protection Act 1998.

All information that you supply us with is safe and secure. We use the highest level of security possible to protect any personal information you provide to us throughout your loan application. We use McAfeeSecure SSL to secure our sites and your personal information. This ensures data passed between the web server and your browser remains private.

When you provide GetMyLoans.co.uk with your personal data, we promise that we will only use it to process your loan application. We won’t use it for marketing purposes, we won’t send you spam emails and texts, we won’t call you to try to sell to you and we won’t pass on your details to third parties. In fact, the only thing we use your data for is to process your application and for loan payout and repayment.

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 long can I borrow for?

Our instalment loans are designed to make loan repayments manageable, and we offer repayment period of between 2 to 24 months. When you complete your application, let us know how long you think you’ll need to repay and we’ll try our hardest to match your requested repayment terms.

How much can I borrow?

GetMyLoans.co.uk offer loan amounts of between £100 to £3,500, repayable in manageable instalments. It’s important to us that any approved loan funds and repayments are affordable to you. If we don’t think repayments for the loan amount you’ve applied for is manageable for you, we may offer you a smaller sum.

What if I have bad credit?

At GetMyLoans.co.uk, 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.

 

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.

What is the borrowing process?

When you choose GetMyLoans.co.uk, 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.

 

What is your APR rate?

GetMyLoans.co.uk offers loans with Annual Percentage Rates (APR) which range from 45.3% APR to 1575% APR. The rate offered to you in your FREE no-obligation loan offer is dependent a number of different factors, including loan type, lender and your personal credit status.

It is important that you take the time to read the term and conditions of the loan offer carefully when you receive it, and that you understand the repayment terms, APR, and any additional charges or loan fees. Only once you’ve familiarised yourself and are happy with the terms should you accept your loan offer.

All loan details, charges and terms and conditions will be clearly shown to you on your loan agreement before you commit to your loan offer.

Representative example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed).

24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR.

Representative Example

Borrow £1,000 for 24 months. Annual interest rate 70% (fixed).

24 equal instalments of £77.48. Total amount to repay £1,859.52.

Representative 97% APR.

Your APR rate will be based on your circumstances.


Useful Links

How it works | Loan CriteriaGet My Offer

 

When will the loan be paid?

At GetMyLoans.co.uk 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.

 


Useful Links

How it works | Loan CriteriaGet My Offer