With a short term loan you can borrow between £100 and £2,000*. At Onestoploanshop.co.uk we strongly recommend that you only borrow as much as you really need to in order to reduce the amount of interest that you have to pay.
Onestoploanshop.co.uk offers a 100% free on-line service. We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. One Stop Loan Shop Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd.. Their panel of UK short term lenders includes many of the UK’s leading lenders.
At Onestoploanshop.co.uk we fully support responsible lending. All of the short term lenders on Monevo’s panel are bound by UK law to engage in responsible lending. Additionally, all UK payday lenders are also bound by law to try to help borrowers who are unable to repay their loans on time, and where possible to help them find a solution that lets them pay their loan back without facing even more additional charges.
While UK short term lenders have to adhere to government rules and adopt the practice of responsible lending it is also important for borrowers to engage in and adopt a responsible borrowing ethos. It is extremely important that you do not borrow money using a short term loan while knowing that you are unable to pay it back on time.
We strongly advise anyone that is thinking about applying for a payday loan to where possible, pursue alternative means of credit. If you have re-occurring financial worries we advise you to seek independent debt advice from one the unbiased UK organisations.
Representative example: £100 borrowed for 3 months. Total amount repayable is £166.25 in 3 monthly instalments of £55.42. Interest charged is £66.25, interest rate 265.0% p.a. (variable).
Apply online for free 24 hours a day with no faxes or phone calls. When you apply Monevo will search their panel of trusted lenders to see who can offer you a loan.
If a lender on the panel can offer you credit just sign the electronic agreement to accept their offer and proceed with your loan.
Once you have signed your electronic loan agreement the lender will transfer the money direct to your bank account. (Within the hour if your bank supports faster payments.) Subject to lender's requirements and approval.