FAQs

How much can I borrow?
You can borrow between £250 and £15,000 for unsecured loans. The amount will depend on your individual circumstances.

What can I use my unsecured loan for?
You can use it for any purpose you wish.

How long does it take to get the loan?
We aim to have the entire process completed within 1 week.

How long does it take to pay off the loan?
Repayments depend on the amount borrowed and the type of loan. Generally between six months to five years.

I have a really poor credit history can I still get a loan?
Yes, we help thousands of people obtain finance regardless their credit history.

Can I consolidate all my debts into one loan?
Yes. You can get a debt consolidation loan.

How much do I have to earn to be accepted for a loan?
In order to qualify for a loan you must earn a minimum of £600 per month.

What is the interest rate on loans?
The interest rate or APR is decided on the loan amount and your personal circumstances. The lender will ultimately decide the interest rate on the loan.

What information do I have to give?
We shall take information such as name, address, loan amount and purpose and your credit history for example. The lender will require proof of ID such as a driving license or passport or bank statements.

Will I be credit checked?
Welcome Loans UK does not run credit checks on customers. The lender we pass your details to may run a credit check on you.

What is a guarantor?
A guarantor is someone who will agree to pay the monthly repayments should the applicant miss any. A guarantor can be anyone from a family member to a friend.

How can I contact you?
You can use the online contact form.