Low APR Loans, Low APR Loans for Bad Credit in the UK

Low APR Loans


Representative example: Borrow £700 for 5 months. 1st monthly repayment of £235.80, 3 monthly repayments of £235.80, last monthly repayment of £235.90. Total repayment £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 832.04%. Our APR includes all applicable fees. Daily interest is capped at 0.793%.

Finding a loan with low interest when you need money quickly is ideally what all borrowers want. There are many lenders of low APR loans online, so it is best to compare the offers you find and choose the right one for your circumstances. Here at Payday Loans Net, we can help you when needing short term loans with a low APR quickly. If you have an emergency expense to settle, we can provide approval within 90 seconds of applying and help you borrow up to £1500 the same day.

Just choose the loan value and repayment term you need and click apply now to start your application for low APR loans. We offer a competitive representative APR of 997%, lower than many other online direct lenders you will find. With same day cash and flexible repayments between 3 – 9 months available, we can help applicants with a wide range of credit histories get instant cash.


What are Low APR Loans in the UK?

Low APR loans in the UK can refer to any unsecured borrowing that has a competitive interest rate charge. Typically, loans with the lowest interest are available to those with excellent credit scores and plenty of affordability. This is why many will choose low APR personal loans if they need to borrow a large amount for the long term, as they’ll want to keep the overall cost as low as possible. There are short term loans with a low APR too if you find trusted lenders.

At Payday Loans Net, we are a fully authorised direct lender. We work to responsible lending guidelines that ensure applicants are treated fairly when they apply. We provide transparent terms for our payday loans with a low APR, so that you can calculate what the approximate cost will be for the loan you need. When comparing lenders, this is particularly as you can then make a more informed choice before proceeding. As APR rates refer to the interest charge over 12 months, it can be confusing for borrowers when borrowing for shorter periods. That’s why using our loan calculator before proceeding will show you how much repayments will be on a loan up to the value of £1500. If you are then happy with the interest charge shown, then all you have to do is click apply now to start an application.

Getting Low APR Loans for Bad Credit

If you are wanting to find low APR loans when you have a bad credit history, this is still possible. Whilst many lenders will simply decline those with a poor credit score, there are specialist lenders who can help those in need. Many lenders may request that you provide a guarantor to be able to get the loan you want in this situation, but we work differently. We offer no guarantor loans with low APR, so that you can apply as a sole applicant without having to find a suitable person to co-sign your agreement. Many lenders aren’t willing to take the risk of lending to those with a history of arrears, defaults, and CCJs, but we take the time to fully assess your current finances.

As responsible lenders, we ensure the necessary credit and affordability checks are performed before approving any loan application. Many people may have had difficulties with their finances in the past, but if in present day your finances are in a good place, and we can see you can afford the loan you want, we could still help.

Choosing Payday Loans with a Low Apr

As it is a form of high-cost short-term credit, payday loans with a low APR may seem impossible. However, as the APR refers to the interest charge over 12 months, this is exactly why payday loans are designed for short term use. The FCA introduced price caps to many features of short term borrowing, and we ensure we work within these guidelines. This is why through us you will not be charged more than 0.8% interest per day to ensure lower cost for borrowers, any default fees won’t exceed £15, and you will never owe more than double the amount you borrowed in interest and fees. This helps us be able to offer some of the lowest APR loans in the UK with clear terms before applying.

Borrowing low APR loans for bad credit means you will need to ensure you can afford to borrow the funds and can maintain them. If you begin to miss repayments, this can quickly build up and cost you much more to repay overall. Payday loans can be useful to cover an emergency when you have no other options, such as savings, but should be spread over the shortest time period you can afford. That’s why with us you can repay your loan earlier than the term if you can afford it.


Low APR Loans FAQs

Are Guarantor Loans with Low APR Available?

Many lenders will provide guarantor loans to those with poor credit to ensure the risk is minimised. However, finding guarantor loans with low APR is not guaranteed. They may still charge a higher rate despite an applicant having a guarantor. We don’t require applicants to provide a guarantor for quick loans with a low APR. Through us, you can apply for up to £1500 with poor credit and we will consider your application. We can’t guarantee you will be approved, but we will take the time to assess your position.

Can I Get Quick Loans with a Low APR?

Yes, it is possible to get loans today with a low APR. We understand you need funds quickly to cover unexpected expenses, so that’s why we can help you get a loan as fast as possible all whilst still following responsible lending guidelines. We still need to perform credit checks and an assessment of your finances first, but most loans are approved in 90 seconds and can be paid into your account the same day. Applying outside of business hours may mean your application is not processed until the following working day.

How Long Can I Repay Low APR Installment Loans?

We can help you spread the cost of instalments over 3 – 9 months. Although we provide payday loans, we don’t expect you to repay this on your next salary date. Our repayment terms make repaying a loan much more affordable, so you can choose an amount that you can easily maintain. You should always choose the term that best suits your circumstances, so if you can afford to repay quicker, then this can be better than choosing the longest term available.

Are Low APR Personal Loans Ideal in the Short Term?

A personal loan is similar to low APR installment loans, but usually you would be borrowing higher values than £1,000. The repayments are generally longer than 12 months too, so they are not ideal for borrowing in the short term. If you only need to borrow to cover a short term financial emergency, our low APR loans can be ideal when you want to borrow a smaller amount over a shorter period.

Apply for Loans Today with a Low APR

If you want to see how much a low APR loan through us will cost, use our loan calculator to see how much repayments will cost and the total interest charge. All you then have to do is click apply now to start your application. If you have any questions about low APR loans for bad credit, then please get in touch with us today. If you are experiencing issues with your finances and want further advice, please visit Money Helper for more helpful information.

Low Apr Loans in the UK

A low APR loan can provide a more affordable way to borrow money in the short and long term. At Payday Loans Net, we offer short term lending with one of the lowest APR terms compared to similar direct lenders. If you want to find out if you could be approved for a loan of up to £1500, you will need to meet the following requirements:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

As well as being at least 18 years of age, you can start your application today and get a decision in minutes. We’ll always work quickly to provide you with same day funding if approved so you can resolve an unexpected bill without delay.

Representative example

Total amount of credit: £700
Duration of the agreement: 5 months
Repayment total: £1,179.10
Interest is fixed at rate of 222.79% per year – 0.793% interest per day | Representative 832.04% APR
Instalment 1
Instalment 2, 3 & 4
Instalment 5
Warning: Late repayments can cause you serious money problems. For help, go moneyhelper.org.uk