|Loan type||Little Loans is a credit broker, not a lender|
|Loan amounts available||£100 – £10,000|
|Loan terms available||12 – 60 months|
|Age eligibility requirements||Minimum 18 years old|
|Access for lower credit scores||Yes|
|Chance of acceptance available||No|
|Average loan payout time after approval||24 hours|
|Early repayment options||Potential options, not guaranteed|
Who is Little Loans, and who do they work with?
Little Loans is a broker that helps match up potential lenders with people who need a little extra support with obtaining credit. They have a wide selection of lenders that they can refer to, which they have carefully selected and grown, and Little Loans are proud of the trust customers put in them. They work hard to make the process quick and easy for borrowers, displaying options with representative rates to give a more general yet faster idea of what customers can expect, instead of real rates.
How much can I borrow through Little Loans?
Little Loans work with lenders that have the potential to provide loans from £100 up to £10,000, which can be spread across terms from 3 months to 5 years. The particular offer you may receive will depend on your personal circumstances.
What interest rates are available?
The rates you may be offered from lenders will be dependent on your credit score and any personal circumstances. Little Loans work with a wide panel of potential lenders – from low APR lenders through to short-term borrowing at higher APR for people who may struggle with credit ratings.
If you have a healthy credit score, the rates offered to you are likely to be lower– meaning lower monthly repayments.
Need to give your credit score a boost? Check out our top tips for improving your credit score.
Are there restrictions on what the loan is for?
Little Loans’ lenders do not generally place restrictions on what people can borrow money for – however it is good practice to only borrow what you need, and only ever what you can afford to manage. Little Loans is a broker that is designed to help people find emergency funds and smaller, quick-turnaround financial needs.
Who is eligible for a loan through Little Loans?
Little Loans’ lenders have their own eligibility criteria, but any finance or loan eligibility will also always depend on your personal circumstances and credit score. Additionally, lenders may look at income, outgoings and existing credit to see what may be right for you.
Meeting their basic criteria will mean you are likely to be eligible for a loan through Little Loans’ lending panel:
- Be over 18 years of age
- Receive a minimum income of £750 a month – higher amounts will influence any offers
- Have a bank account with a valid debit card
- Additional checks to prove identity and criteria will be requested
How quickly is the money from a loan paid?
On average, Little Loans’ lenders tend to pay out loan amounts within 24 hours of the application being approved.
Lenders and banks have their own procedures to make sure money is safely and securely transferred. The lenders Little Loans work with see most loans transferred into accounts on the same day. With eligibility check times as low as 45 seconds, Little Loans make that process as quick and easy as they can.
How do I check my eligibility for Little Loans?
We can help you find out your eligibility with Little Loans, without any negative impact to your credit score. Simply fill in your details and we’ll check your personal loan options with a wide panel of lenders in minutes.
Can I get a loan if I am on benefits or self-employed?
Little Loans has a broad panel of lenders to try and support people from as many circumstances as possible, including those who are self-employed or those on benefits. There may be a few more questions regarding your current situation in order to borrow, but there is no block from checking your eligibility in either of these situations.
Are there any added benefits to checking my eligibility with Little Loans?
As they specialise in smaller loan amounts, the big benefit to using Little Loans is the speed and ease that you can check your eligibility with, however there are other benefits to using their services:
- Potential same-day delivery of funds once approved
- Borrow amounts as low as £100
What should I consider before taking out a loan?
As with all borrowing, it’s important to make sure you only borrow what you can afford to repay.
- You might need bank or ID verification
- Your loan offer will be subject to final lender and fraud checks
- Lenders may need to get in touch over the phone if they have any questions about your application
- Missed repayments can negatively affect your credit score
- If you are self-employed or on benefits, you may need to prove status or income
- Smaller loans with smaller repayment terms may come with higher APR values
Check your eligibility with Little Loans plus 50 other lenders
Think Little Loans is a good fit for you? Quickly and easily compare your personal loan options with over 50 other UK lenders, plus Little Loans, in minutes. Using our eligibility check won’t impact your credit score.
Our lenders and partners
You know, we don’t work with just anyone. We only work with trusted UK lenders and credit card providers that will help you find your best borrowing option.
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