Rates from 39.9% APR to 1721% APR - Please see representative APR example below

- Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Types of Loans

20-01-07 11:50


A personal loan is a fixed amount of money, borrowed at a fixed rate and repaid over a fixed amount of time. They are provided by banks, credit unions or online lenders - on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc. They can be used for multiple purposes; maybe you have an unexpected bill or perhaps there is a project you have to work on as soon as possible. 

They are great for anyone with excellent credit. However if you don’t have excellent credit history, then some personal loans might come with an interest rate so high that it’s more than some credit card rates. It’s important you know the interest rate before taking out a personal loan. 

The minimum age limit to apply for a personal loan is 18. The maximum age can go up to 60 years (salaried employees) and 65 (self employed). However, age limits do vary bank to bank. Your income should also be at least £25,000 per annum. 


“Short term” just means that the loan is designed to be repaid quickly or in a short amount of time, most terms normally include repayment plans lasting months. They are made for when life sometimes puts us in tricky positions that involve having finances at hand. 

Applying for a short term loan requires a lender to carry out a credit check on you. Whilst previously this would have decreased someone’ s chance of being accepted if they had a less than perfect credit score, many lenders are now changing how they assess a person’s suitability. 

In terms of monthly repayments, short term loans can be more expensive than longer term ones. This is simply because you are paying the amount owed more quickly.


These are similar to personal loans but they’re specifically intended for business purposes, to help manage your cashflow or to expand. The interest rate on the loan is based on a number of different factors, including the health of your business and how much you’re borrowing. There are two options when it comes to these loans; small business loans or merchant cash advance.

Small business loans are for the  short term, which are paid off at a fixed rate. Merchant cash advance is short term cash that you repay as a percentage of your daily card sales. Almost any small business can get a loan, the most common types include: pubs, restaurants, retailers, hotels, garages, beauty salons and more. The criteria that makes you eligible for a business loan is simple; you can apply for one if:

  • Your business has been operating for three years or longer

  • Your business has an annual turnover of £70,000 or more

If you don’t meet this criteria, a merchant cash advance might be suitable instead. 

Your business can receive the money it needs in as little as two working days. The application processes are straightforward and only usually require documents such as proof of identity and last three months’ bank statements for the business. 


A guarantor loan is a type of loan which requires a guarantor to co-sign the loan agreement. The guarantor is someone who agrees to repay money if the original borrower is unable to.  These types of loans are a perfectly legitimate way to help someone with a less than perfect credit rating get the finance they need. 

Guarantor loans are most suitable for: 

  • Someone with no credit history, e.g. a young person or someone who is new to the country

  • They’ve just started a new job 

  • They have a low income salary 

Almost anyone can be a guarantor; they are most often parents, spouse (as long as you have separate bank accounts), sibling, friend, or even a grandparent. However, you should only be a guarantor for someone you trust and are able to cover the repayments for. 

Bear in mind, a guarantor must be over 21 years old, with good credit history and financial stability. If you’re a UK homeowner then this will add credibility to the application. Having said that - if you’re not a homeowner, then don’t worry as there are other options. Being able to demonstrate that you have sufficient assets or wealth, will help the decision. 

It is very important to note that once the guarantor has signed the agreement, there is no way to disclaim. No lender will remove you from the agreement because your credit history, employment status and other influences all had an impact on the approval. 


A student loan is designed to help students pay for post-secondary education and the associated fees, like tuition, books and supplies. Another thing student loans cover is maintenance - this is your living costs, such as your accommodation, travel, food and so on.  You get more if you’re living away from home, as you will be paying rent. If you are living at home while studying, the maximum amount you can get is £7,529, in 2019. The total amount you are entitled to on a student loan depends on where you are living. For example, those in London receive more due to higher costs. It is also dependant on your household income.  It is fairly easy to get approved for a student loan, just have proof that you are enrolled or accepted as a student in an eligible degree or certificate programme. 

College graduates often worry that they will be stuck repaying their student loans for decades, even during retirement. The start date of repayments and amount of time it takes for you to pay back the loan in full depends on the type of loan, the amount borrowed, the interest rate and the repayment plan the borrower selects.


Debt consolidation is where an individual takes out a loan to pay off several different existing debts, e.g. loans, overdrafts or credit cards. Consolidating these different loans into one makes it much simpler as there is only one monthly repayment to make. This helps to keep track of debts and manage their cash flow. 

There are some basic criteria requirements needed when applying for a debt consolidation loan. You must:

  • Be aged 21-75

  • Have been a UK resident for at least three years 

  • Have an annual income of at least £15,000

  • Have a UK personal bank account

If your application gets rejected, there could be a number of reasons why. Each decision is based on the applicant’s personal circumstances and by reference to a credit reference agency. Speaking to a debt expert about the different options available to you could be very helpful as they’d be able to advise you on your individual situation. 


A logbook loan is a type of secured loan where your vehicle - such as car, van or motorbike - is put up as collateral against the debt. The lender holds on to your logbook for the duration of the loan, but you get to keep the vehicle and use it as normal. Essentially it allows you to unlock the value in your vehicle without having to sell it, which you can only do once the loan has been paid in full. 

Here is a brief summary of the requirements you’d need to qualify for a logbook loan:

  • Over 18 and a UK resident 

  • Be able to show that you can comfortably afford the repayments 

  • Have a photo ID (passport, driver’s license, or CIS card)

  • Own a vehicle which is clear (or nearly clear) of finance, which is taxed, MOT’d and insured. 


As simple as it sounds, this is a personal loan you take out to pay for a holiday. It can be a useful option for when you want to pay for a holiday but you don’t have the funds immediately. They are relatively short term and usually in amounts that range from £500-£5,000. 

Applying for a holiday loan is pretty similar to applying for any other loan. You’d need to provide some details about yourself, as well as having forms of ID to hand. You can apply over the phone, online, in a branch, etc. It is very important to make sure you’re in the best position possible to apply before doing so, which will increase your chances of being accepted. 


This is a personal loan you’d take out to pay for wedding expenses. They are a great option for those who have budgeted to pay for their wedding fees, but just don’t have the cash on hand to cover them immediately. There are some pros and cons to consider before applying for a wedding loan, see below:


  • They are a fast, easy way to cover wedding expenses quickly

  • You can apply online

  • You can receive payment in as little as one business day, depending on the lender 

  • Paying them back on time can help build your credit

  • They typically charge less interest than credit cards


  • They can sometimes tempt people into borrowing more than they can realistically afford

  • Some have prepayment fees 

  • It could be better to save up rather than finance it 

  • You might be paying off the debt for years after 


With a secured loan, the borrower pledges some asset as a collateral. This means that the lender is entitled to take possession of the collateral, if the money is not paid back as agreed. Some assets you own that could qualify as collateral include: a paid off vehicle, money in a savings account, certificates of deposit and valuable property such as a house or car. This makes the whole process for the lender a lot less risky, (and of course, it increases your chances of being approved with less than perfect or no credit).  It is important to note that by taking out a secured loan, you are at risk of losing the asset you pledged as collateral - if you don’t repay the loan, you could lose your home or vehicle that guaranteed it. 

Secured loans are often used to borrow large sums of money, typically more than £10,000 and can be obtained from banks, online lenders or credit unions. The good thing about a secured loan is that you usually find the interest rate is lower than on a personal loan as it is secured against your assets. Also, repayments are normally made on a monthly basis; the amount of each month’s payment could vary depending on if the interest rate is fixed or not.

On the other hand, unsecured loans are much more straightforward - the money is borrowed and paid in monthly instalments, until the total amount is repaid in full. Although there is no collateral for the lender to claim if the money isn’t repaid, it damages the borrower’s credit score and the lender can take legal action to recoup some or all of the debt. Because there is no security on the loan, the interest rates also tend to be higher.

Loans: Short -Term

19-12-17 12:11

What is a short-term loan?


As the name suggests, a short-term loan is a type of credit that is to be taken out and repaid within a short period of time. Short term is usually seen as anything that is less than 12 months, but the loan term is dependent on the lender. Predominantly,short-term loans are taken out for a period between 3-6 months. If you are looking to borrow credit for longer than 12 months, then you should seek a more suitable loan option such as a personal loan.


How does a short-term loan work?


When applying with The Loan Tree for a Short-Term loan, we try and make it as simple as possible for you in finding you the most appropriate lender. Firstly, you will need to fill in our application form online. The application form will ask you to fill in your details and provide us with information on how much you would like to borrow and how long for. We will then check through our panel of lenders and provide you with an instant on screen decision of a lender who has agreed in principal to offer you a loan. The loan amount that they offer you, will be based on your needs and circumstances.


What can I use a short-term loan for?


A short-term loan is usually a credit option that is used by people who have found themselves with an unavoidable expense that they can’t perhaps pay for right there and then. A short-term loan doesn’t have to be used for anything; the use depends entirely on the person who takes out the credit. This could be anything from unexpected bills, a broken-down car that needs to be fixed, home improvements and repairs, or even debt consolidation.


How do I repay my short-term loan?


When applying for a loan, you will have provided details in your application for how long you wish to borrow for. You will then have been forwarded onto a lender who has agreed in principal to offer you a loan. You and the lender will then agree on the time period in which you are to repay the loan back. Your loan repayment will be in smaller more manageable instalments every month, rather than one lump sum.


Can you get a Short-Term Loan with less than perfect credit?


If you have a poor credit rating, lenders may still be willing to lend to you, but at a higher rate than was originally advertised. It is recommended that you check through your credit report before applying for any type of credit. There may be elements to your report that could hinder you from being successfully accepted for loans or credit cards, such as late payments, insolvencies or judgements.Credit Knowledge is a FREE* tool which you can use to understand and monitor your credit report and score and learn how to build and maintain your score,whilst also providing you with access to Discounts & Vouchers to save money across the high street, and the social reporting tool Knowso! Find out more here!


Choosing the right short-term loan for you?


There are many different lenders offering short term loans at a range of different rates, but it is important that you choose the right option for you. Here at The Loan Tree, we can help you find the most suitable lender that is willing to lend to you today.If you are still unsure, comparison site Supacompare has a wide range of short-term loans for you to compare! 


If you’re need a short-term loan, we could help! Click here to find the right loan for you.


19-12-12 16:34

Life can throw unexpected things our way, and this could involve making a purchase that we are not prepared for. A personal loan can help with covering the cost of anything from a new washing machine to an unforeseen bill. A personal loan can aid you by covering this unexpected cost up front, leaving you able to pay it off monthly in more simple and manageable payments that you otherwise would have.


A personal loan is a type of credit that you can apply for that is for personal use, rather than business or commercial use. A personal loan can be either secured or unsecured. A secured personal loan is one which is secured against an asset of yours that is of value, for example your car or house. Furthermore, an unsecured personal loan is not secured against any assets, but the loan amount you are offered will be dependent on your income and personal circumstances. Generally, personal loans are unsecured, but you may be offered a secured personal loan if you have a poor credit score and credit history. This just provides the lender with some security and reassurance if you were to ever be unable to repay the loan but your asset, (e.g. car or home), may be repossessed if you don’t keep up your repayments. If accepted, you will receive your personal loan in full, and then you will have arranged to pay it back with interest in instalments over an agreed period.


A personal loan can be used for a multitude of reasons; whether this be a loan to purchase a new car, to pay some unexpected bills, to carry out some home improvements, or to pay for a wedding. The reasons for use of a personal loan are endless!



As we mentioned before, a personal loan can be either secured or unsecured. Unsecured personal loans are usually for a smaller amount, generally under £25,000. A personal loan will generally need to be secured against your assets when the loan amount required exceeds £25,000.



Firstly, you will agree with your lender how much you are able to pay over a set period. This enables you to make smaller, more manageable repayments each month, and allows you to budget the rest of your finances. With a personal loan, you may be able to borrow more than you would with a credit card. If your credit card only has a small credit limit and you are looking to borrow more, a personal loan may be an option for you. Also, if you have multiple debts that you are paying off individually, a personal loan is an opportunity to group all of these repayments together into one lump sum.This enables you to pay one amount every month rather than several separate payments. If your loan agreement specified a fixed rate, then you can rest assured that you will be paying the same sum every month and the interest won’t vary.


Firstly, you need to consider whether a personal loan is the right option for you and if the repayments are something that you can comfortably afford to pay each month. Also, you may be paying a higher interest rate than what is advertised. If you have a less than perfect credit score, lenders may still offer you a loan, but at a higher rate of interest than what their example originally stated. If you would like to check your credit score before you apply for a Personal Loan, Credit Knowledge offers a FREE trial in which you can see a thorough breakdown of your report. Find out more here.


Here at SupaFinance we can help you apply for a personal loan by using the information you have given to us, to provide you with an instant decision on which of the lenders on our panel has agreed in principal to offer you a loan.

For more information or if you wish to apply for a loan, please visit https://www.supafinance.co.uk/


Lower credit score loans.

19-12-11 09:57

Defining ‘less than perfect’ credit.

Your credit report demonstrates how you have dealt with past credit and how you handle your bills,allowing lenders to assess your level of risk when you apply for credit. So,“less than perfect credit” generally describes a record of past difficulties in keeping up with your credit agreements - any late repayments or no repayments will show on your credit report over time. Each lender will have their own appetite for risk so there may still be a lender out there for your situation.

Can I get a loan if I have a low credit score?

As you probably realise, your chances of being approved for a loan are much higher if you have a reasonable credit score, as lenders are likely to avoid taking larger risks. However, there are options designed for those who don’t have the most perfect credit history. These loans typically have higher interest rates and greater restrictions than other loans, simply because those applicants are a riskier proposition than those with higher credit scores.

What makes me eligible?

In the UK, to apply for a loan designed for those without the best credit, you must meet several criteria. First, you’ll need to be a UK resident who is over the age of 18. You must also not be bankrupt, have evidence of a steady income and have access to an active bank account. Remember that with any loan application you will undergo a credit and affordability check, so that the lender can determine whether repayment of the loan would put you into financial difficulties or you’re outside of their risk criteria or not.

Will I need to have a guarantor?

Not necessarily but it could increase your chances of acceptance. If you have less than perfect credit, having a guarantor could help build up your score. It would also give lenders more confidence that you will pay the money back.

What are my other options?

If you don’t have a great credit profile and are unable to use a guarantor, there are other options. You could use a free eligibility checker which will show you what loans you are likely to be offered, without harming your credit score. Also, before applying it would be a good idea to review your report so that you could look to make changes to put you in the best possible position for receiving credit. Using our tool Credit Knowledge* will give you access to your own, detailed credit report. Credit Knowledge will help guide you in making your report more attractive to lenders and indicate to you why you may have been refused credit in the past.

For more information or if you wish to apply for a loan, please visit https://www.supafinance.co.uk/

#SupaTips -Credit Report

19-12-10 11:32

What is a credit report?

In simple terms, your credit report is a tool used by lenders to determine if you qualify for credit such as loans,mortgages or similar services. It helps to indicate what kind of borrower you are; if you would be a risk or if you’re likely to manage your repayments. Your credit report contains information such as your personal details, credit account history and public records. When applying for credit, you are giving lenders access to your credit report – this is a part of the application process they use to determine your eligibility. All lenders have different requirements and so they assess your score based on their own criteria. They will set a minimum that you need to reach in order to qualify for your desired amount of credit.


What is a credit score?

All the data on your report contributes to the calculation of your credit score, which is just a number that shows lenders your creditworthiness. Typically, credit scores range from 300 to 850 and the higher your score, the more likely you are to receive credit from lenders. Behind the number itself, there are some main factors that are considered during the decision-making process and therefore it’s important to know what affects your score so that you can stay in control of yours and even make improvements over time.

What is considered a good or average score?

There is no specific number that will guarantee you approval. Also, due to different lenders having different requirements – you could be refused by one company and accepted by another with exactly the same credit score. Also, different credit rating agencies calculate scores in different ways, giving different results.However, most companies view a ‘good’ score as being somewhere between 881 and 960. A ‘fair’ score could be 720 to 880.


How does my credit score affect my ability to receive credit?

Your score, along with the information in your credit report are key ingredients in determining if you are eligible for credit such as loans, credit cards and mortgages. Overall, higher scores reflect a better credit history, making you suitable to receive loans with lower interest rates.

Types of Loans

20-01-07 11:50

Loans: Short -Term

19-12-17 12:11


19-12-12 16:34

Lower credit score loans.

19-12-11 09:57

#SupaTips -Credit Report

19-12-10 11:32

100% NO FEE



Representative Example: Amount of credit £1200.00 for 18 months at £90.46 per month. Total amount repayable is £1628.28. Interest: £428.28. Interest rate 49.9% p.a. (variable).

Representative 49.9% APR

Rates from 39.9% APR to 1721% APR

Loan terms between 3 and 60 months



MediaBlanket Ltd. Registered in the UK: 07949139; Registered address: MediaBlanket Ltd, Lloyds House, 18-22 Lloyd Street, Manchester, M2 5WA.  MediaBlanket Ltd is authorised and regulated by the Financial Conduct Authority under Firm Ref 723605. Registered with the Information Commissioner's Office Z3334636.


MediaBlanket Ltd is a credit broker, not a lender, and we never charge you for the use of our service or take money from your account. Loan costs will vary depending on the lender. We use a consumer application system to allow our customers to make applications to a number of loan providers and brokers using a single online application form.


*Subject to lender's requirements and approval based on creditworthiness and affordability checks. Most loans can be paid in to your bank account within one hour although this could take 2-3 days if your bank does not accept faster payments. Please note that not everyone will qualify for the full amount.*


We only want you to apply for a loan if you are sure you can repay it in full on your due date and still manage your other outgoings. Missing repayments may have a negative effect on your credit rating and make it more difficult for you to obtain credit in the future. By accepting these terms you confirm you have provided accurate financial information and considered potential future income and outgoings in determining your ability to repay.





All loans are subject to lender's requirements and approval such as creditworthiness and affordability checks. Most loans can be paid into your bank account within one hour, although this could take 2-3 days if your bank does not accept faster payments or depending on the day you apply. Please note that not everyone will qualify for the full amount  applied for and that all approved applications are done in principle.


We work with a selected group of lenders and licensed credit brokers to offer you a range of credit and loan products. We may receive a percentage of the loan amount as a commission from a loan provider or broker if you take out one of their products and/or we may receive a fee for introducing you to them.


You can request details of these commissions or fees by emailing us at hello@mediablanket.co.uk. We will then provide you with the precise amount of the commission or fee or, where that amount is not known, the likely amount. Please note that the lender or broker we direct you to may not offer the cheapest loan that is available compared to the open market.


*** Please could customers contact us via email in the first instance whilst we make changes in response to covid-19. There will be more email cover than telephone cover and you may receive a response more efficiently via email. Thank you for your patience and understanding. ***


*** MediaBlanket Ltd and its trading styles will never ask you to purchase vouchers of any description in relation to any application and we cannot be held responsible should you do so at the request of any other party. ***


*** Please note that the website www.theloanstree.co.uk is not related to MediaBlanket Ltd in any way and we would encourage you to check this site thoroughly and read online reviews of the service it provides before using it. ***


The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK. This site is available to UK Residents only aged 18 years and over.


Authorised and regulated by the Financial Conduct Authority

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.