Low APR Loans

£50 £2,000
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due Tuesday 25th Jun
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The cost of borrowing £300 over 6 months:

Fast Loan UK £507.48
Mr Lender £544.00
Cashasap £556.23
Lending Stream £579.00
Money Platform £586.26
Savvy £595.00
QuidMarket £596.46
Cash4unow £599.82
Fernovo £595.92
Ticket Loan £595.92
Loan Pig £595.92
Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

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

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

When times are unexpectedly tough, at Fast Loan UK we have the ability to offer loans that provide the cash you need at affordable rates. After you’ve borrowed from us once, you can go on to borrow up to £2000 with your next eligible application provided that your circumstances haven’t changed. Your personal Customer Care Manager will work with you to make sure you can afford to repay your loan without it being detrimental to your finances.

Though we don’t offer low APR loans, we have several short term loan options including cheap loans that may suit your needs if you’re looking for a loan to handle your expenses that you can pay back quickly.

You’ll be able to borrow the money you need for a maximum of 12 months if you’re an existing customer, or 8 months if you’re a new customer; though you can choose to pay it back over a shorter length of time if you want to. Even if you have a bad credit history, we may be able to assist you with a loan for bad credit as long as you can provide the documents that we need from you during your application process and meet our lending criteria.

We do not offer low interest rates loans here, but we believe it is important to uncover the other types of loans that you could be eligible for if you decided to apply for one with us. If you are searching for the perfect loan to suit you, our team can provide you with all the information you need to make an informed decision based on your personal circumstances.

Speak to us about Low Interest Rates Loans

During our conversation with you, we will endeavour to help you understand the ins and outs of Low APR loans and why our short term loans or payday loans may be a better solution for your current financial needs.

We want to help you make an educated choice when deciding to take out a loan, especially if that means you have all the information you need on quick loans. Low interest rate loans may seem ideal for any financial issue, but you could be denied loans with low APR for a number of reasons. When you apply for financial aid from lenders, those searches do appear on your credit check. Infrequent checks are fine, but if you’re constantly denied loans, you could find your score lowering and fewer financial options being available to you.

With our help, you’ll get the most suitable option for you. Even though we don’t offer loans with low APR, we want you to have a working knowledge of this type of loan. We’re happy to discuss the subject further should you wish to call us and have a conversation with one of our experts instead.

Once you’ve read about low APR loans and low interest loans and decided that you’d prefer to complete easy payday loans applications or short term loans instead, all you need to do is click the apply now button at the top of this page. Fill in the required details, upload your documents, and we’ll be in touch shortly. If you need money as fast as possible, consider our easy loans application, 95% of our applicants are funded in just 5 minutes for our short term loans following a quick and easy application.

What Are Low APR Loans?

Often, you will find loans with low APR or low interest rates loans from Credit Unions that have a cap on the amount of interest that they can charge. Credit unions operate with three main aims:

  • Provide loans at low rates.
  • Encourage all members of the credit union to save regularly.
  • Help members in need of financial advice.

When borrowing money from any direct lender, it is likely that there will be some additional charges. As well as paying the full amount that you have borrowed, you will typically pay interest, which is the lender’s charge for allowing you to borrow credit. If the interest rate is low, this means that you have secured one of the available low APR loans or a low interest loan, which could help you save money in the long run.

When applying for low APR loans or quick loans with low interest in the UK, you will usually be offered an interest rate that is calculated as a percentage of the amount you choose to borrow. This amount is charged alongside your repayments each month and the longer you take out a loan for, the less interest you will usually pay.

Typically, you will see lower interest on long term loans or personal loans because they are created to be paid back over longer periods and credit lenders do want their clients to be able to make their repayments each week or month.

These factors can affect the total interest you may pay on loans with low APR:

  • Your current credit score.
  • How much you have borrowed in the past.
  • How long you have borrowed credit for in the past.
  • The type of loan you are considering.

Are Low APR Loans the Same as Low Interest Loans?

APR stands for Annual Percentage Rate and could include interest and arrangement fees, depending on the lender you’re considering.

The reason that lenders display APRs is to allow you to compare their low APR loans with other credit lenders and assess the cost of borrowing with each lender. If you have seen an offer for low APR loans and have considered applying for one, it’s worth bearing in mind that these differ from quick loans with low interest loans in the UK.

While interest is usually a percentage of your borrowed money that you pay as part of your monthly instalments, APR takes into account the overall amount of the loan, inclusive of any obligatory fees that are automatically added onto the loan.

Therefore, you should remember to look closely at the interest rates and other fees on both types of loans and compare them before applying without all the information you need.

What is the Eligibility for Low APR Loans?

Although we do not offer low interest loans or low APR loans at Fast Loan UK, we do offer a number of other loan options for you to choose from.

If you wish to apply for a low APR loan in the UK, this is something we cannot provide, but we can talk to you to help you figure out if a quick loan with low interest or loans with low APR are even the best options for you.

With the loans we do offer, we ensure the application process is kept as straightforward as possible for our customers, with easy-to-follow criteria and accessible information. To be eligible to apply today for a loan with us, you will need to meet the following criteria:

  • Aged 18 years or over at the time of your application.
  • Current UK Resident.
  • Be in Full-time, Part-time or Self-Employment.
  • Receive a Regular Income.
  • Have a valid Bank Account and Debit Card.

By meeting the above criteria, you will be able to decide the amount and repayment terms you desire and start your application with us to receive a decision in principle and hear from one of our Customer Care Managers who will help you finish your application.

How Do I Apply for a Fast Loan UK Loan?

If you’re looking for instant cash today, and you have the ability to prove your affordability, our loans can assist you in a challenging situation.

As Financial Conduct Authority (FCA) certified lenders, we work to responsible lending standards to ensure your application is treated respectfully and that you can afford to repay the loan you apply for. If we cannot determine if you can manage to pay for the loan conditions you are considering, we will have to decline your application. As part of the approval process, you will be required to provide proof of ID, proof of address, and your last 3 months of bank statements.

If you have any queries about any of our loans or would like further information on how low APR loans in the UK work, please get in touch. To start your application for any of our other loans, click apply now at the top of this page.

Low APR Loans in the UK – FAQs

Should I get a Low Interest Loan?

Low interest loans may initially feel like an appealing choice, but you should always consider all your options before going ahead with any application. There is always the possibility that they can leave you with further financial difficulties, particularly if you miss repayments or end up paying more than you expected.

They aren’t the best solutions for everyone’s needs, so there are a couple of different options that may be more appropriate, depending on your situation.

Are There Alternatives to Low Interest Loans?

Instead of a low interest loan, you could consider a payday loan to tide you over until your next payday when you can pay it back. Alternatively, a short term loan will enable you to pay off your unexpected bills and then pay back the loan over a period of time up to 8 months for new customers or 12 for existing customers.