ALLIANCE & LEICESTER PERSONAL LOANS

The online loan application form takes around 10 minutes to fill in and you can normally expect a decision on whether you have been successful in about 24 hours. The loans are available to both new and existing customers.

Finding the best loan at a cheap interest rate

The best online loans offering the cheap rates will only ever be available to those with an excellent credit history so if your credit cards are at their limit, you have county court judgements against you, missed loan repayments, recently become unemployed or self employed or already have a lot of loans you are unlikely to ever be offered the cheap headline loan rates that are advertised although if you do have a reasonable credit rating you should be able to get a loan but at a higher rate of interest than someone with an excellent credit rating.   Below are a few of the main loan providers who allow online loan applications.

Nationwide Building Society Personal Loans

Nationwide Building Society loans are only available to existing Nationwide customers who have a Flexaccount or mortgage with them. You can apply online and get a decision in minutes and they offer repayment terms of between 1 year and 7 years on loans between £1,000 and £25,000. In 2008 Nationwide were voted best online loan provider by your money.

Bank of Scotland Personal Loans

Bank of Scotland only provide loans to existing customers but for those who are fortunate to be one of their customers you can apply online for a loan and get an instant decision.

Poor Credit History Loans

If you have a poor credit history it is unlikely any of the companies above will provide you with a cheap loan so you will not be able to get one of the best loans but there are a number of loan firms that specialise in loans in this market and further information can be found on them here. Bad Credit Loans.