Small Personal LoansFinding small personal loans to meet your small needs may make you feel like pulling your hair out. There are several requirements that must be met in order to qualify for such loans. From credit history to personal qualifications, you can definitely end up throwing in the towel before finding the right small personal loan to meet your small needs. Don’t give up just yet, before you consider these five places that offer small personal loans.

AA

AA provides you with small personal loans ranging from £7,500 to £14,950. They offer you a fixed rate of 7.9%. You can repay the loan over one to seven years. There is no arrangement fee. If you’re looking for a loan amount that is less than £7,500 or greater than £14,950, you must be a UK resident between the ages of 23 and 69 with a minimum gross income of £10,000 annually.

FlexCredit

FlexCredit offers you small personal loans of up to £2,000. Loans must be repaid within 12 months. The amount you repay will vary based on the amount of your loan, and the length of time it takes to  repay it. To qualify for this loan, you must be UK resident 18 years of age; be employed or self-employed with a steady income; and have a UK bank account.

ILoans

ILoans offer small personal loans of up to £1,000. If you’re 18 years or older with full time employment; and you live in the UK and have a valid bank account; then you’ll be eligible to apply for one of these loans. Repayment of the loan must be completed within a 12-month period. If you borrow your loan for a shorter time period, you’ll end up paying less overall.

 

Natwest

Natwest has small personal loans ranging from £1,000 to £25,000. The repayment term is based on the amount of your loan. For example, if you have a loan ranging from £1,000 to £15,000, your repayment term will last from one to five years. On the other hand, if you have a loan from £15,000 to £25,000, your repayment term will last from one to seven years. For a home improvement loan more than £2,500, your repayment term will last up to 10 years. Additionally, Natwest offers you fixed monthly payments. Therefore, you do not have to worry about fluctuating loan payments each month. These loans can be used for refinancing debt, large purchases, home improvements, or any small need you may have to meet. To qualify for these loans, you must be 18 years or older; have a regular income and good credit history; and be a current NatWest account holder. Once your loan is approved you can have the funds deposited into your account by the next working day.

Pounds to Pocket

Pounds to Pocket provides small personal loans to meet your small needs. You can borrow up to £2,000 and repay the loan within a 12-month period. These loans are granted based on your personal qualifications and credit history. The finance charge on your loan depends on the amount of your loan and your payment dates. There are no hidden fees, therefore, you’ll only pay interest for the time period in which you choose to repay the loan.