| Short term loans

Personal loans

Personal loans are so-called because they are taken out individually. Learn more about personal loans here.

Moolr™ searches the market for personal loans, and sends you straight to a personal loan option. Our service is 100% FREE, and you are under no obligation to commit.

  • Borrow from £500 to £5000 3
  • No obligation, 100% FREE application
  • Just one simple, quick online form
  • No paperwork needed to apply
  • Loan option in minutes
  • No hidden fees
  • 2048 bit secure encryption

Before applying for a personal loan, please check to ensure that you will be able to meet your agreed repayments. If you are struggling then a personal loan may not be right for you.

What is the difference between personal loans and secured loans?

There is one fundamental difference between personal loans and a secured loan. That is that no possession (e.g. a car, house, and similar larger value items) is at risk with personal loans.

With a secured loan, it is possible to provide the lender with a degree of comfort and secure an item against the loan. This means that should you default, the lender will take ownership of the item, instead of repayment. Typically secured loans are for purchases with a very high value, as this means the lender has more to potentially lose from the transaction. Due to the fact that a secured loan has this added level of safety, it is often possible to obtain a lower APR (Annual Percentage Rate) than personal loans.

With personal loans, you do not offer security against the loan. Therefore, the lender has more of a risk, because, in the event of non-payment, they stand to lose out financially. At Moolr, we work with lenders that offer personal loans from £500 to £5000 3. The repayment periods available can range from 3 months to 60months, so you have every opportunity to budget for your personal loan.

If you’re wondering if you qualify for a personal loan application, find out here.

What if I have a bad credit report?

No problem! We have personal loan lenders in our panel that specialise in helping those of us with a bad credit history.

Personal loans are not just for those of us who are lucky enough to have a good credit report anymore. Everyone deserves an opportunity to rebuild their credit report, but finding a willing lender can be difficult.

This is why we have dedicated years into building a system to make finding personal loans for bad credit simple, and quick. It is important, however, to consider your offered APR when searching for a bad credit personal loan.

Similar to why a secured loan may carry a lower APR, due to the lessened risk, bad credit personal loans may come with a higher APR. This is due to risk analysis that every responsible lender should use.

Personal loan providers should have a responsible lending policy, which means that if the risk analysis is too high, they should not offer a personal loan. Should the risk analysis deem that whilst there is a heightened risk of non-repayment on a bad credit personal loan, but within a safe range, then a personal loan offer can be made, but with a higher APR than normal. This will be made clear when we redirect you to your no-obligation personal loan offer page on your lender’s website.

If you are interested in a personal loan spread over 12 months, you can find more information here.

Personal loans is a generic term used for loans and can vary in amounts

12 month loans credit score rating meter



Could credit report errors be affecting your application?

Keep getting declined? 1 in 3 reports contain an error which can stop you from being accepted.

Get your credit report and score put right now

Check my Credit