Borrowing £25k loans mostly requires a good credit score. You will have more options for £25000 loans with a good credit score. However, not all of us have a stellar credit rating. It is possible to borrow a loan of £25000 with a poor credit score too. You may use a guarantor to co-sign your loan application, or you may need to use your home or property as collateral to obtain the loan. This way, the lender may agree to extend an offer as they have a way to recover the amount you owe them in case you fail to repay.
Loan of £25000 falls in the upper range and hence, you must talk to experts and assess your financial circumstances well before making a decision. Even reputed lenders in the UK offer quick £25000 loans. By quick it means the time taken for applying and getting the loan is comparatively lower than borrowing from a bank.
You can spread the cost of 25,000 pound loans over 5 years. The maximum repayment period is 7 years. Choose your loan term accordingly.
If your application is accepted, the lender will transfer the funds to your account. You can withdraw and use £25k loans for your expenses.
You can know the rates that are available to you without impacting your credit score if you choose to deal with lenders who perform a soft search.
Loans of £25,000 can be put to a variety of uses. There is no limitation on the usage, however, you shouldn’t use it for any illegal purpose.
LoanTube offers unsecured personal loans from £1000 to £35000. You can borrow a loan depending on your creditworthiness and affordability. All the lenders we are associated with conduct a soft credit check in the initial phase to evaluate your affordability. Please note that soft credit checks do not impact your credit score and it also doesn’t leave any footprint on your credit report. However, a hard credit check is also conducted by the lender before the final approval.
Click here to fill out our online loan application form. Choose the loan amount and loan term along with a few necessary details. Submit it and wait for about a few seconds only. You will get a detailed list of the loan quotes from the lenders who are willing to offer you a loan. You can compare multiple loans offers to make your decision.
With us, the rate you see is the rate you get. That means we have a rate-lock system that allows the borrower to get an in-principle decision.
Below are some frequently asked questions about £25000 loans. If you do not find something, please contact us.
The rate you are offered will depend on your individual circumstances.
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