Secured Loans, unsecured loans, personal loans... your questions answered
Will I get a competitive interest rate
The-Loan Shop's brokers have excellent relationships with many of the top lenders in the country. Some are subsidiaries of the clearing banks. Due to this our brokers have been able to negotiate very competitive terms and are sure we will find a rate to suit your needs.
I want to consolidate my credit and reduce my monthly outgoings
The-Loan Shop specialise in debt consolidation loans, get a repayment calculation or complete the online application form. Our brokers can negotiate with all your credit providers, the best possible settlement figures and pay them all off with one of our loan plans over a period to suit you.
I have a poor credit history, can you help?
The-Loan Shop's brokers have vast experience in helping people with a range of debt problems - for example, county court judgments, mortgage arrears.
Can I use the loan for any purpose?
Yes, absolutely. We have helped clients with everything from the conventional - debt consolidation, home improvements or a dream holiday - to the less conventional - a new nose, an exotic pet or a Ferrari.
How do I apply?
Raising finance or realising your dreams couldn't be easier. Simply click here to complete a quick online form. The process is free and you are under no obligation. Remember, we're here to help.
What will happen after I apply?
LoanSense's brokers will immediately assess your individual requirements, and match them with the best deal from our panel of lenders. We aim to secure approval in principle within a matter of days of receiving your application. You will be kept informed of progress at all stages. You will then be guided through the loan process; clearing all the obstacles and delivering the cash you need in the shortest possible time. Remember the application process is free and you are under no obligation.
How quickly can I get my loan?
We aim to secure approval in principle within a matter of hours of your application. You will be kept informed of progress at all stages. You will then be guided through the loan process; clearing all the obstacles and delivering the cash you need in the shortest possible time. The sooner you start the process the quicker we can help - so if you're ready, apply online now.
What will my monthly payment be?
This depends on how much you borrow, and how long you intend to borrow the money for. Use our repayment calculator. You should only borrow an amount that you can afford to repay, find out how much you can afford to borrow.
What information will you need?
Our lenders require accurate and truthful information to take a decision in principle. Our online application form proves this basic information. Our brokers will guide you through the documentation and more detailed enquiries that will be needed to secure the finance.
How long do I have to repay my loan?
We can arrange finance terms from 3 years to 25 years.
Can I insure my payments?
Yes, most customers choose to insure their payments. Payment protection is available on request.
How does payment protection work?
If you lose your job or are off work through accident or sickness or redundancy, your repayments, subject to certain exclusions, are paid directly by the insurer.
What are your lowest rate loans?
See our unsecured loan rate table or secured loan rate table for examples, there has never been a better time to apply. Simply complete the unsecured online application or secured online application.
What types of finance are available?
We offer secured loans to homeowners or unsecured loans for tenants. We will review your individual needs and advise on the best method of securing finance for you. Our aim is to provide you with the best solution on the market.
How much can I borrow?
For personal loans you can borrow any amount from £1,000 - £100,000 and repay it over any period between 1 year and 25 years. If you want to know how much you can afford to repay, Find out how much you can borrow.
Can I repay my loan early?
You can pay the loan back at any time. Your loan agreement will show how any early redemption cost is calculated. Your loan will meet all FISA standards, and you will receive a FISA borrowers information guide which will explain the process in detail.
Can I have a fixed rate?
Yes, our brokers can offer fixed or variable rates details upon request. We have access to many solutions, whatever your requirement - we are here to help.
Should I tell you about my arrears and credit problems?
Yes, remember we are not the lender. Always tell us everything good and bad, it usually comes out in the end and this may result in time being lost. There is a credit plan for everyone but please tell us the facts about past credit problems as early as possible.
Should I tell you what the money is really for?
You could be buying magic beans, paying of gambling debts, starting a business - it doesn't matter to us. But it may matter to the bank you borrow from. Remember - we are not the lender. You should tell us everything good & bad and we will decide which lender to use and advise you how to present your application.
How do I know you will get me the best deal?
Our company policy is to always complete the best credit plan available. All we ask is you clearly outline your current status and objectives and we will give you the rates & terms from the cheapest companies. If we are not 100% sure the lender will grant the loan we will tell you. We will always prefer to try and get you the best terms.
Once the loan is completed can I amend the term?
Yes, most banks have a re-scheduling department and they will be happy to accommodate.
Can I overpay if I have spare cash?
Some lenders will allow this - others don't. If you think you may wish to make additional payments over and above your chosen repayment, please tell us in advance so we can arrange the loan with a bank who accepts this. You will normally pay by direct debit but a "paying in book" will be posted to you upon completion for your extra payments. This way you can keep a record of the extra amounts you pay. Because the interest is charged on a monthly reducing balance, the overpayments made will dramatically reduce the term of your loan. If you have overpaid too much they can always give you it back by a further advance. Statements are available at anytime by request to show all transactions.
Can't find the question you want answered?
No problem. Remember we are here to help. Use the contact form at the top of this page and to the left, to send us your question.