Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. 17 monthly repayments of £87.22 and a final repayment of £87.70. Total repayable £1,570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed). Representative APR: 79.5% (variable)
One simple search. 30+ FCA-regulated lenders. Instant decision, and same day payout possible.*
| Loan Wallet | Other Brokers | |
|---|---|---|
| Free to use | ✓ Always free | May charge fees |
| Credit score impact | ✓ No impact | Hard searches possible |
| Lender panel | ✓ 30+ FCA-regulated | Limited panels |
| Decision speed | ✓ Instant decision | Hours or days |
| Obligation | ✓ No obligation | May pressure you |
Choose your loan amount and share a few details. Takes just 2 minutes.
We match you with lenders from our panel of 30+ FCA-regulated partners.
If approved, funds can land in your account the same day.*
We do the legwork. Submit one simple form and we match you with suitable lenders from our panel.
We are authorised and regulated by the Financial Conduct Authority (FRN: 1036139).
Our lenders consider a range of circumstances — past credit issues don't automatically disqualify you.
Apply from your phone in under 2 minutes. No paperwork, no branch visits.
Getting a quote costs nothing. We only receive a commission if you proceed with a lender.
See your matched options before you decide. You're free to walk away at any time.
Loan Wallet is a credit broker authorised and regulated by the FCA (FRN: 1036139). We match you with lenders from our panel — we don't make lending decisions or set interest rates. Any loan offer comes directly from the lender, and you're under no obligation to accept.
If you fail to make repayments on time, your lender will report this to credit reference agencies. This can negatively impact your credit score and make it harder to obtain credit in the future — including mortgages, mobile phone contracts, and car finance.
Lenders may charge late payment fees or additional interest on missed repayments. In some cases, lenders may use Continuous Payment Authority (CPA) to attempt to collect payments from your account. Always read your loan agreement carefully before signing.
Some lenders may offer to renew or extend your loan. While this can provide short-term breathing room, extending your loan term usually means paying more interest overall. Always consider whether you can afford the repayments before renewing.
If you're struggling with debt, free and impartial help is available from MoneyHelper, StepChange, and National Debtline. These organisations can help you understand your options without charging you anything.
Our panel of lenders considers a range of financial circumstances. Having a less-than-perfect credit history doesn't automatically disqualify you. However, the APR you're offered may be higher, and not all applicants will be approved.
