From boiler repairs to vet bills and urgent home refurbishments, unexpected expenses can crop up at any time and leave you short on cash. If you’re facing a strain on your finances, you may want to consider personal loans.
Personal loans are a type of unsecured instalment loan that can be used to cover unexpected expenses. Our lending panel offer terms ranging from 3 to 36 months, suitable for short-term financial needs. While there’s no guarantee that you’ll be approved for a personal loan, the team at Tendo will do our best to match you with a suitable loan quote based on your personal and financial circumstances.
Applying for a personal loan quote through Tendo is fast and straightforward, with no upfront fees to pay. We help applicants of any credit type to find personal loans and many of the lenders we work with aim to transfer the funds quickly into your bank account upon approval, though exact timing can vary. The fees, interest rates and repayment period will also vary depending on your application and the lender’s requirements.
Here at Tendo, we want you to make a fully informed decision about your finances. This guide is designed to give you all the information you need to make important decisions about short-term personal loans, including how much you can afford to borrow, repayment terms and whether they’re the right option for you.
How To Get a Personal Loan
We have a personal loans quote application process that is fast and straightforward. You can use our simple online form to apply for a quote and we’ll do our best to match you with lenders straight away.
It’s important to check you meet the lending eligibility requirements before applying for a personal loan quote. The panel of lenders we work with typically require applicants to be at least 18 years old, a UK resident and employed with a monthly net income of at least £500 per month. You’ll also need a bank account that your wages are paid directly into, along with a valid email address and phone number.
As part of your application, you’ll need to supply additional information about your personal and financial circumstances, including how many dependents you have, your marital status, your income and regular expenditure. You’ll also need to state how much you pay out each month on your mortgage or rent. These factors will help us, and the lender, assess whether you can afford the repayments for a personal loan.
How do Personal Loans Work?
We work with lenders to make the lending process as fast and straightforward as possible. Simply use our simple online form to apply for a personal loan. You can choose how much you’d like to borrow, along with your preferred repayment schedule. We work with lenders who offer personal loans starting from £100 up to £5,000 over a period ranging from 3 to 36 months.
You’ll need to repay the loan in regular pre-arranged instalments. In most cases, this is on a monthly basis, with the money automatically deducted from your account each month.
Can I Apply for a Personal Loan the Same Day?
When you use our online form to apply for a personal loan quote, we’ll do our best to supply you with quotes within a few minutes. Based on your application, Tendo will find a list of lenders who can offer personal loan terms that suit your needs. They will offer a loan and repayment terms based on your unique circumstances and how much they believe you can afford to borrow and repay.
Once you have carefully reviewed the terms and conditions of the quotes, you can decide if you want to accept them, although there’s no obligation to accept quotes provided to you.
Personal Loans for Bad Credit Individuals
Unlike some other lenders, we work with a panel of lenders who consider applicants with any type of credit score, so you could be approved for personal loans for bad credit. It’s worth noting that bad credit personal loans often have higher interest rates due to the increased risk to the lender, although you will be given the interest rate as part of your quote, so you can decide then if personal loans for bad credit are the right choice for you.
Although the Tendo team don’t conduct credit checks, the panel of lenders we work with will conduct soft credit checks to help them assess your eligibility for bad credit personal loans. If you have decided to accept one of the personal loans for bad credit, the lender will conduct a hard credit check to complete their assessment.
What types of Personal Loans are Available the Same Day?
We work with lenders who offer a variety of personal loans, including emergency loans, which are ideal for helping you cover urgent expenses such as car repairs. They also offer loans for bad credit, which are specifically designed for people with less than perfect credit scores.
The lenders we work with offer a flexible approach to personal loans, letting you apply to borrow from £100 to £5,000 over a period of 3 to 36 months, depending on your personal and financial circumstances.
Why Choose Tendo for a Personal Loan if You Have a Bad Credit History?
Although there’s no guarantee that you’ll be approved for a personal loan, Tendo is on hand to help you find lenders who may be able to offer you personal loans for bad credit. As part of their assessment, lenders will conduct a soft credit check and will conduct a hard credit check if you decide to accept the personal loan quote.
Tendo is a trusted loans broker rather than a direct lender. Our team can help you find quotes for personal loans for bad credit at your convenience. With just a simple application, we could help you find quotes for personal loans with the potential to receive funds today.
What to do if You’re Struggling with Debt
While personal 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, it’s advisable to seek 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.
