There comes a time in most people’s life where they find themselves short on cash. Whether it’s unexpected expenses such as car repairs or urgent expenses such as vet bills, you may not have enough in your bank account to cover everything. In these situations, you may consider various options, such as applying for a loan online.
Here at Tendo, we make borrowing simple. As a loan broker rather than a direct lender, we connect you with trusted UK lenders who offer fast and flexible online loans. You can apply for a quote for a loan online and we’ll use the information you provide to match you with potential lenders, even if you have a less than perfect credit score.
What is an Online Loan?
Tendo can help you find online loans in the UK that are short-term and unsecured. Unlike traditional loans, these online loans can provide you with fast access to cash in a matter of hours and are an easy way to cover bills until you’re next paid or have access to other funds.
The key characteristics of online loans include:
- Short term repayments: you can borrow a loan over a period of 3 to 36 months with our lenders
- Higher interest rates: as they are short-term, the online loans tend to have higher interest rates than traditional loans
- Easy application: simply fill out the online form to apply for a quote
While an online loan can help you cover urgent expenses, it’s important to borrow responsibly and make sure you can meet the repayment terms.
How do Online Loans work?
It’s fast and simple to apply for an online loan. All you need to do is complete our online application form and we’ll use it to match you with a panel of over 50 lenders. Once you have been approved and provided with a quote, you will need to carefully read over the terms and conditions before you e-Sign the agreement and the funds will quickly be transferred into your bank account.
Before you apply for an online loan quote, it’s important to check if you meet the lending eligibility criteria. Our lenders require you to be at least 18 years old, a permanent UK resident, have a regular income and a bank account. You’ll also need to have a valid email address and phone number.
Can I apply for a Loan online today?
With the help of the fast and simple lending process, you can choose exactly how much you want to borrow and your preferred repayment period. After you have submitted your personal and financial information, our panel of lenders will review your information. If you receive a match, we will quickly give you a quote to review and you can decide whether you wish to progress with it. In some cases, the lender may require some additional information from you to support your application.
Once you’re happy with the terms of the online loan agreement, including the interest rates and additional fees, you can accept the quote and e-Sign the agreement. It’s important to read over the terms and conditions before you accept the quote to ensure you fully understand the associated costs and financial responsibility of online loans in the UK.
What types of Online Loans are available?
Here at Tendo, we believe in a flexible approach, which is why you can apply to borrow online loans ranging from £100 to £5,000 from our panel of lenders. You can repay the online loan back over a period of 3 to 36 months, depending on the lender and your circumstances.
We work with a panel of lenders who offer various different loans, including short term loans, emergency loans and payday loans. By applying for a quote through Tendo, you can compare online loans in one place, rather than using multiple different platforms.
Why Choose Tendo for a Loans online if you have a bad credit history?
While there’s no guarantee that you’ll be approved for loans online, Tendo is on hand to make the process as straightforward as possible. As many of our lenders consider applicants of all credit types, you could be approved for low credit score loans, even if you have a less than perfect credit score.
Before the online loan is paid into your bank account, the lender will conduct both soft and hard credit checks to help them assess your affordability. They will also consider other factors such as your regular monthly income and expenditure.
What to do if you’re struggling with debt
While online loans can be helpful in a financial emergency, they should be used as a last resort.
If you feel you need financial advice or assistance or just some general help with your money, it’s a good idea to get help from any of the following services:
If you feel you are struggling, or may struggle with your loan repayments, we recommend you speak with your lender at the earliest opportunity.
