You can apply for a loan if you are a UK resident who holds a current UK bank account and debit card. You must be between the ages of 18 and 70, in employment, with a monthly income of over £700. You will need to supply your home address (usually for the last three years), employment history, mobile phone number, email address, wage details, your monthly outgoings and your bank account details. At Moolr, we find loans between £500 and £5000, repayable over a 3 month to 5 year period. Repayments would be on a fixed monthly schedule. We do not offer shorter-term loans.
It couldn’t be simpler. The whole process can be done online in minutes – simply press the Apply Now in the top right hand corner of the page and fill in the application form. If accepted you’ll be re-directed to the
website of the relevant lender and presented with the terms of your potential loan.
No, we are a licensed organisation that matches customer information, in our role as brokers, to a vast database of lenders. By maintaining solid relationships with lenders, and investing heavily in specialist systems,
we are able to quickly and efficiently find a willing and appropriate lender for our customers, with no obligation to finalise the proposition.
You can! However, with constant improvements and heavy investment into software, we are able to search over 50 lenders in just a couple of minutes. With willing lenders hard to come by, it would be extremely time-consuming to apply with each individual lender. What's more, once we find a lender offering your loan amount, we will automatically redirect you to the lender’s website, where you can check the loan details and the terms and conditions. You are under no obligation to proceed, so you have nothing to lose, and everything to gain, by partnering with Moolr.co.uk.
APR stands for annual percentage rate – it represents the total amount of interest and other charges paid on a loan each year. A representative APR is the average or most popular percentage rate offered on loans –
the representative rate quoted by Moolr is one that we expect the majority of customers to be charged (i.e. at least 51%). Not all customers receive the same APR, so the representative APR should be treated as a
guide only. The rate you receive will be based on the information you supply and your own personal circumstances.
You can do a quick check to see if you meet all the criteria required for a successful loan application, but if you make a full application, a credit check will be necessary to ensure you are suitable for a loan.
It is possible that the lender that offers you a loan may require some extra details, but in most cases there is no need at all to supply any extra documentation.
Yes there is. All circumstances are considered, and whilst a person with an excellent credit rating will naturally have a better chance of being accepted, different lenders have different criteria for assessing an application, so you have every chance of being accepted. As a broker who specialises in supplying loans for those that might struggle elsewhere, we are confident of finding a deal for you.
No! We invest heavily in lender relationships, and software improvements, in order to provide an unparalleled whole of market loan providing service. We are happy to confirm that we never do this by charging our customers, unlike many other companies. We receive a small commission from the individual lender for processing the application. This in no way affects the APR offered.
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.
Once you are redirected to your willing lender, your relationship with us ends, and all correspondence should be carried out with your lender, as it is them supplying your finance. You should receive a welcome text and/or email once you've finalised your application with them.
We are here to help, so if you have any questions about our service, or general questions about loans, we are of course only too happy to help. Please send an email to [email protected] This is necessary so that the relevant lender knows where to deposit your funds and where to take payments from.
We always recommend that you do not take out a loan unless you are highly confident of making all the repayments on time. However, we understand that occasionally people will struggle to meet repayment schedules.
If this happens, we recommend that you phone the lender who supplied your funds and discuss your options. It is possible that there may be extra fees for rescheduling the payments, but this is always a better option than ignoring the problem and hoping it goes away.
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.
There are numerous ways to try and "fix" your credit rating. The most logical starting point is to obtain a free credit report – Experian, Callcredit and Equifax all do free trials where you can access your report.
Check it for mistakes and inform the credit agencies if you find anything you think shouldn’t be there.
Additionally there are other steps to take: if you’re not on the electoral roll, then get on it. Check addresses on older accounts if you have moved house in recent years, as you may not be getting bills and thus be paying them late. Cancel unused credit cards, do not make rapid applications as this will project an image of desperation to potential lenders, pay your bills on time, ensure you have a landline phone and try to avoid having financial ties with anyone with a mixed credit history. Finally, always stay within credit limits and always be truthful on applications, as otherwise you are putting your rating at risk and it could even be considered a fraudulent act.
The lender who provides your loan will set up a direct debit using the details provided on your application form.
Yes, of course. We always advise customers that when they are offered a loan they examine the terms and conditions fully before proceeding. If you are not happy with the offer, then you are under no obligation to proceed.
This is not a question we can answer as it will depend on the individual lender that you take out the loan with, but most aim to get funds deposited within a couple of days. Generally, the lower the amount, the quicker it is deposited.
Before applying for a loan, we strongly recommend that you make every calculation to ensure that you have the means to repay. Failure to do so can cause additional charges, and make your financial situation worse off.
If, however, you do need to extend your loan upon repayment of the original loan, you must contact your lender as soon as possible, to avoid unexpected fees. Please check the terms and conditions of your lender carefully.
Whenever a financial agreement is not met, then a credit reference agency will usually be informed. This has negative implications on your credit rating. Likewise however, successful repayment can also be fed back to the credit reference agency, which will result in a positive impact on your credit report, and will help in rebuilding your credit rating. Each lender has a different policy on credit agencies, so please check the final terms and conditions carefully.
You must make every intention to meet your repayment, in full, and on time. Once you have accepted a lender's offer, your relationship ends with us. As such, you will be faced with your provider's terms and conditions,
and related charges. To recover debt collection efforts, all lenders will have fees surrounding late payment, so please take the time to understand what these costs are, before accepting your proposal. It is for this reason that we implore all customers to check a contract before signing, so that they are confident in making their repayments.
If, having planned and budgeted carefully, you are unable to repay your loan on time, you must contact your lender directly, and immediately. It is easy to think that this will lead to more stress and financial difficulties, but you will normally find a sympathetic ear, and a repayment plan to suit your situation. Please note however, that this may incur additional interest, so please check carefully with your provider.
Even though there may be extra fees, it is always better to contact your lender and try and resolve your difficulties rather than ignoring them and hoping they go away.
If you need extra advice about your financial situation, we highly recommend the following options: (Checking your rate won’t affect your credit score) * Once approved, your cash may be sent the same day. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. Our No Obligation Quote Service Is Available 24/7 Complete our
Fill out our quick form online¹.
We Will Match You With A Lender You will get your decision in around 30 seconds. Review Your
Once you receive your quote, complete the final step to transfer moneyBelow are the answers to the most frequently asked questions
What are your criteria for loan applicants?
What do I need to apply?
What loans are available?
How do I apply?
Do you administer the loans?
Why can't I apply directly with a lender?
What’s an APR? And what is a representative APR?
Can I find out if I may be eligible for a loan without impacting my credit rating?
Will I be required to supply extra paperwork if I require a loan?
If I have a less-than-perfect credit rating, is there any chance of me being accepted for a loan?
Do you charge a fee?
What is Auto Decisioning?
If I have a problem with my loan, who do I contact?
Why do I have to provide my bank account details?
What should I do if I am struggling to make repayments?
What is Auto Decisioning?
Can I improve my credit rating?
How are payments collected?
If my loan application is accepted, can I change my mind?
If I am approved for a loan, how soon will I receive the money?
Will I be able to extend my loan?
Will my credit score be affected?
So what happens if I miss payments?
Where I can receive independent debt counselling advice?
Your loan at a glance
Get my loan
How much can new customers borrow?
Up to £5000
No fees, ever!
What are the repayment terms?
3 to 60 Months
No paperwork
Percentage of people offered financial help
92%
Instant offer
Can I repay in installments
Yes
Flexible repayment
Do we credit check?*
No
No credit footprint
Our 3 Step Application Process
2 minute form
This should take no more than 2 minutes.
Loan Offer