Get a Loan with Loanable
Loanable is an online platform that connects people & businesses with lenders
Loanable is a credit broker & not a lender
Looking for a personal loan today?
Types of loans we offer
How Loanable works
|1||Apply online for your loan|
Complete our online loan application form.
Please take your time to ensure you understand the terms and conditions and that you provide correct details.
|2||Application sent to lenders|
Your application is then processed with our panel of lenders and brokers who are matched to meet the type of loan you are looking for.
|3||Application assessed by a lender|
If we find you a lender, the lender will assess your application directly with them.
This will normally include an income and expenditure check to assess your affordability.
|4||Funds paid out|
Assuming your application has been approved, the money will be paid into your bank account.
The time it takes to receive the funds depends on the several factors.**
Why choose Loanable?
Loanable is a credit broker and may help you find a suitable loan. We provide customers access to various lenders and brokers for different loan types and loan requirements.
Customers need to complete an online loan application form and we will process the application with lenders and brokers to try and find them a loan.
A combination of our technology and relationships within the finance industry give customer access to different lending options that may be suitable for them.
Before applying for a loan with us, it is important you understand the terms and conditions and provide accurate information as this may effect your chances of finding a loan.
Reasons to use Loanable
No upfront fees
to match your loan application with a lender
All types of loans provided, unsecured, bad credit, property, car, and business loans
Lenders for different credit profiles - Good credit and bad credit
Questions to consider before taking a loan
|1||How much money do I want to borrow?|
It sounds like an obvious question but you’d be surprised how many people don’t exactly how much they want to borrow.
|2||How long do I want to borrow the money for?|
Think carefully how long you want to borrow the money for. The term of a loan effects your monthly repayments.
|3||What do I want to borrow the money for?|
If you are going to borrow money, it’s important that you think about what you are borrowing money. Some loans can be very expensive and you could find that you’re paying for that dream holiday for years to come. While we don’t give advice, we urge to make sure that you are taking a loan out for the right reasons.
|4||Can I afford to repay the Loan back?|
The most important consideration of all. You should only ever take a loan out if you are certain that you can afford to service the loan. Taking on debt that you can’t afford can have serious consequences.
FAQs about Loanable
What Is Loanable?
Loanable is a website that helps you find a loan. Make an application choosing the amount of money you want to borrow and the period over which you want to borrow the money for and we will process that application with a range of lenders and credit brokers to try and find you a loan.
Is Loanable a Lender?
No, Loanable is not a lender. We are a loan broker. We will pass your application onto several lenders and credit brokers who will match the type of loan you are looking for.
Is Loanable going to charge me a fee?
No, Loanable will never charge you a fee for its services. Not now, not ever.
Ok, Then How Does Loanable Make Money?
Good question. Loanable receives a fee or commission from the lenders and credit brokers who we process your application with. Please note we may receive a fee or commission even if you don’t take out a loan. Although be aware that the commission we may earn has no influence on which lender or credit broker we may introduce you to. Our goal is to always treat our customers fairly and provide the best outcome for our customers.
Sounds good. So Why Should I Use Loanable ?
Because we give you access to a wide range of lenders and credit brokers with one application. Furthermore, our technology will only pass your application onto lenders and credit brokers who fit your loan criteria.
Wait a Second! I’ve used these types of websites before and I never even got a loan!
Unfortunately, in the past there have been some unscrupulous operators in the sector. Which is exactly why we set up Loanable. We wanted to provide consumers a solution to finding finance. Please be aware that Loanable makes no guarantee that you will be accepted by a lender.
Are You Going To Credit Check Me and Adversely Impact My Credit Score?
No, Loanable will never credit check you. However please be aware that we will process your application with a number of lenders and credit brokers who may well run a credit check.
What Types of Loans Do You Offer?
We offer 5 main types of loans. Short term loans which are taken over a period of 3-12 months. Unsecured personal loans, these are loans where the borrower has no security to offer the lender. Car loans, these are loans for people who want to buy a car . Bridging loans, these are short term, higher interest loans used to “bridge” a period of time. Typically they are secured on residential or commercial property and land. We also offer property and business loans.
I am Not Sure What Type of Loan I Want?
Not a problem, just make an application stating how much you want to borrow and for how long and we will try to find you a lender.
Are You Going To Sell My Details To a Third Party?
Who Are You Regulated By?
We are regulated by the Financial Conduct Authority (FCA) and always treat our customers fairly.