Fast Loan UK: Easy Loans
Borrow £50-£2,000 with Fast Loan UK, high approval rates and quick payouts. No hidden fees, up to 835.85% APR, choose flexible terms for your needs.
Fast Loan UK offers their Easy Loans product as a convenient solution for borrowers needing quick access to cash. You can borrow from £50 up to £2,000, with terms up to 12 months (new customers up to £800 over 8 months). Representative APR is 835.85%, and a typical example is borrowing £300 for 6 months at a fixed interest rate of 138% pa, with 6 repayments of £84.58, totalling £507.48. No hidden costs, fast approval, and direct lender customer care are part of the package.
How to Apply Step by Step
- Select your loan amount and preferred loan term on the provider’s website.
- Fill in the simple online application form with your details.
- A soft credit search is run, which won’t affect your credit score.
- If eligible, review your personalised loan offer and repayment details.
- Accept the offer and receive funds, sometimes within hours.
Prós
Firstly, the high approval rate is a standout, even for those with a poor credit history.
Moreover, the entire application process is fully online and only takes minutes, with decisions often provided instantly for the customer’s convenience.
Contras
The APR is much higher than traditional bank loans, which could make repayments expensive if the full duration is used.
Loan amounts for new customers are capped at £800, which might limit options for those needing a larger sum upfront.
Veredicto
Fast Loan UK’s Easy Loans offer a quick, straightforward option with a transparent application process. While rates are high, for those needing rapid approval and flexible access to funds, it’s a viable choice when compared to other short-term lenders. Always consider the cost and ensure the repayments are affordable to avoid financial difficulty.
