- Instant Loan Decision
- Same-day Payouts
- Soft Credit Check
Loanchester - Who we are?
Loanchester is a responsible direct lender in the UK and our primary task is to offer the best personal loan offers, matching to your financial circumstances. You do not need to running around the market to find us. We are available online and each loan is accessible online, too.
Since our inception, we have been the core of online lending where all the loans are offered responsible and according to the individual affordability. We take care of all the responsible lending criteria prescribed by the authority. We have a team of experienced lending experts. They know very well what they are doing and looking forward to ensure the best lending service for all.
You can go through Loanchester responsible lending policies here.
Our mission is to help everyone seeking financial help during the tough times. Therefore, we follow and promote responsible lending principles while offering loans to the UK residents. To know more about this, you can connect with us anytime to have the privilege of same day loans.
Your loan is approved immediately
Our lending is full of responsibilities. What does it mean? It means we understand what you require and what your situation is. It allows us to make a quick and relevant loan decision. And yes, do not worry about your personal information. We keep all the details confidential and do not share with any third-party.
Nevertheless, due to responsible lending criteria, we want to know a few information from your end:
- What are your personal circumstances (like age, residency, bank account, etc.)?
- Do you have an existing loan with us and already repaid or not?
- What is your full-time or part-time monthly income and overall expenses?
- What assets you possess (required if you apply for a secured loan)
- What is your credit score and do you have an updated credit report (required to prepare an affordable deal on bad credit loans)?
- Are you ready with your identity proofs?
Get prepared with these things in advance, and apply for short term loans now. We decide on your loan today only and by evening, you will receive loan amount into your bank account.
Transparency is at the core of our lending
You have arrived here with a lot of trust on us. We never disappoint you, and for this, we make sure a complete transparency in our lending norms. However, to maintain it, we want to know more about you and your personal finances. These may include:
- Loan amount
- Your financial needs or desires
- Loan purpose
- Loan term and monthly instalment
Please share above information with us and be ready to submit your loan application. But, hold on! Never sign the loan contract without going through it. You should be aware of these things before availing our emergency loans.
- You should be familiar with your responsibilities as the borrower;
- Reading all terms and conditions is a good habit and you should follow it;
- You must evaluate the interest rates and other fees before agreeing on the contract;
- Clear with us before about the repercussions of not repaying the loan on time or defaulting;
Good habits make you a responsible borrower and we are also a responsible lender to provide you loans. Therefore, you will be at beneficial side once having our legitimate loan offers.
Explore the best lending experience that has no other alternative
It will take only a few minutes to submit your loan request. We promise you to have our answer in 1 hour. Remember, you get the amount on the same day.
Worrying about your poor credit score? You are still eligible. Otherwise, you have the option of joint loans.
*Each loan at Loanchester is subject to credit check.
Frequently Asked Questions
Want to know more about us? Add more to your knowledge about Loanchester.
Who can qualify for personal loans at Loanchester?
Anyone with a financial emergency like urgent bills, medical urgency or want to purchase a new or used car can qualify for our unsecured personal loans. Apart from that, you should be above 18 years of age and holding a permanent residency of the UK. Having a bank account is also mandatory for the transfer of funds. However, you should not have any bankruptcy charges in the last two years.
Is credit check mandatory here?
Responsible lending criteria allow a trustworthy lender to offer only the affordable loans. Loanchester is not an exception. We offer a loan only after doing a mandatory credit check. However, this will be a soft credit check that is away from any mark to your credit record. It clarifies that you can be within the line to apply for more loans in the future.
How much loan amount can I borrow?
At Loanchester, we offer a loan amount that you can afford to repay. Still, you can pick any amount ranging from £1000 to £25000. This range applies to any loan product, offered by us. Remember, you should apply for only that amount, which should be according to your personal circumstances and repayable from your monthly earning.
I have a bad credit. Should I apply for a loan here?
Poor credit means you have certainly missed the repayments of previous loans. You may have missed first chance, but you can get a second chance. At Loanchester, we bring that another opportunity to have a poor credit loan. Our specialised loan has enough features to bring your personal finance back on track.
What will be the impact of loans on my credit score?
Our online personal loans are safe to use, and they won’t affect badly to your credit score. These are affordable loans and therefore, it is assumed that you will repay them from your monthly income. In fact, our manageable repayment schedule allows you to look for improvement in your credit score.