Loan Broker UK


Whether you are a first time borrower or a returning customer, Loan Broker is always your trusted friend.

Here is some free professional advice to help secure and enhance your financial future.

Unsecured Loans

Unsecured loans with no upfront fees

We’ve all heard those horror stories about people who need cash to cover an emergency situation who get charged by loan brokers when cash is at its tightest. Loan Broker is different – we’re here to help our clients, not add to their costs so that means we never charge you a fee for anything we do for you.

In this article, find out more about the types of loan we offer, why bad credit is not necessarily a bad thing for us and our lenders, how quickly you can get your money, why it’s so important to use a Financial Conduct Authority lender and broker, and just what it is that we do for borrowers.

Can I have an unsecured loan if I have a bad credit history?

Yes. There are over 100 different lenders in the UK specially set up to work with borrowers with bad credit history.

What is bad credit history? All of the loans, mortgages and credit cards you’ve taken out are contained on your credit report. Every time you make a repayment on time, that helps you to get a good credit score. On the other hand, for every repayment you miss, you’ll put yourself at greater chance of having a bad credit score.

The lenders who are happy to work with borrowers with low credit scores take a very open-minded approach – they’re much more concerned about who you are now and your financial situation today than any period of difficulty you went through a few years ago.

Can I have an unsecured loan if I have a County Court Judgement (CCJ)?

 A County Court Judgement is something that a court will grant against you if you’ve had a finance agreement in the past and you’ve failed to repay everything you owe back.

There are much fewer lenders who work with borrowers with CCJs but it all depends on your circumstances. It is harder to find a loan but it’s not impossible so please make sure you try Loan Broker because we deal with finance providers who, in some circumstances, are happy to lend to borrowers with CCJs.

Will you approve me for a loan if I have been turned down by my bank?

 As with all of our lenders, Loan Broker is a responsible broker. We’ll only recommend you to certain lenders if we think you can pay the money back in time and on full. We’re here to help you out and not to put you under any extra pressure.

Banks generally only tend to lend to customers with really good credit ratings. They also want to lend bigger sums of money over longer stretches of time.

The payday and short-term loan companies we work with will generally borrow up to £2,500 for a period between 30 days and a year. You’re much more likely to get this size of loan through us in most circumstances than you are through a bank because banks aren’t set up to lend smaller sums of money.

Can I be paid in cash?

Yes. You will be paid in cash directly to your bank account. Once you’ve signed the online loan paperwork, the money will usually be with you within 2 hours (although some banks and building societies not on the Faster Payment system may take a lot longer).

Do I need to provide you with a guarantor for my unsecured loan?

 No. The unsecured loans with upfront fees we provide do not require a guarantor. That means that you won’t have to ask a friend or family member to make repayments on your loan if you can’t.

What is the Financial Conduct Authority?

 The Financial Conduct Authority awards licences to lenders and brokers who offer payday loans and short-term loans to UK borrowers. We have a licence and so do all the lenders on our panel – and that’s really important peace of mind for you.

The Financial Conduct Authority only allows lenders to offer short-term and payday loans under the following three important circumstances:

  • If you miss a payment, you’ll never be charged more than £15 in default fees
  • You can’t be charged more than 80p per day interest for every £100 you borrow
  • The total amount you pay in interest and fees must come to no more than the original amount of money you borrowed

With any loan that Loan Broker arranges for you, you are guaranteed to be protected by these three legal guarantees.

Why should I use Loan Broker instead of applying direct to a lender?

Loan Broker is, as our name suggests, a broker – we’re not a lender. Every time we help you find the right lender for you, you won’t be borrowing our money – you’ll be borrowing the lenders.

As we mentioned earlier, there are over 100 short-term and payday loan direct lenders in the UK. Each of those lenders has a preferred type of borrower they want to work with. They tell us the type of borrower they’re looking for and, when you fill in your online application, we match what you’ve told us with the information the lenders have given us.

We then send your details (plus a copy of your credit report) to the lenders we’ve selected. They then come back with the best offer they’re happy to make to you and we then let you know the very best one we’ve found.

If you want to go ahead with your loan, all you do is sign the online paperwork and the money can be with you within as little as 2 hours, depending on who you bank with.

Will I have to pay an upfront fee to use Loan Broker?

 Never. We’re all about saving borrowers money, not adding to their costs. The short-term and payday loans we offer are designed for emergency situations like your car breaking down – events that are difficult to plan for and sometimes cost more than you have left in your bank account.

Every penny counts when there’s an emergency – we know that. We’re here to give you the very best loan deal at the cheapest interest rate. You will never pay an upfront fee with us (or any type of fee), regardless of whether you take out the loan we recommend or not.

Will my loan cost more if I use Loan Broker?

 No. And when we start dealing with a new member on our lending panel, they have to promise us that, if we introduce a customer to them, it will cost that borrower no more than if they had approached that lender directly.

How do I apply for an unsecured loan with no upfront fees from Loan Broker?

 It’s simple. It takes about 2-3 minutes and remember, because you’re using a broker, we make multiple applications at once on your behalf to lenders who want to hear from you based upon the information you’ve given us.

Please click here to start your application.

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Representative APR Example

The rate you are offered will depend on your individual circumstances.

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.

Representative APR Example: On an assumed loan amount of £2,600.00 over 36 months. Rate of interest 41% per annum (fixed). Representative 49.7% APR. Total amount payable £4,557.89 of which £1,957.89 is interest. 35 monthly repayments of £126.61 and a final payment of £126.54


Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Loan Broker ( is a credit broker and not a lender