Best Loan App in UK – 7 UK Loan Apps to Borrow Money with Low Interest Rate

8 Best Apps for Payday Loans in UK – Best Loan App in UK –  Have you ever been in an emergency and needed some quick cash? Nowadays, applying for a loan is as simple as taking out your phone, signing up on a loan website, filling out an online form, and voila! You’re done!

However, the main challenge is finding a reliable online lender, especially if you have a poor credit rating. This post will take you through the four leading payday lenders in the UK.

READ – Highest Paying Work from Home Jobs with No Degree/Certificate Required

 Viva Loan App

Viva Loans is a broker platform that connects borrowers to lenders willing to give low-interest loans. The application process is entirely online, and it takes less than five minutes to fill out an application form.

Unlike traditional banks, payday loans have flexible eligibility criteria. To qualify for a loan, you must meet the following minimum requirements:

• Be a resident of the UK
• Be 18 years or older
• Have a valid email, bank account and working mobile phone

However, the requirements generally differ depending on the creditor.

Viva Loans which is accessible at vivaloans.co.uk doesn’t charge any fees for using its services. The interest rates differ based on the lender, but the average rate is 49.9%. Lenders can raise the interest if you fail to repay on time. However, your loan repayment will never be double the loan amount you took out.

Pros

• Fast application and approval process
• Individuals with bad credit are eligible
• No Hidden fees

Cons

• High APRS

Swift Money App

You can apply for a Swift Money loan in minutes whenever you need a quick short term credit facility. The loans are designed for emergencies, specifically for people based in the UK. The payday loans range from £50 to £1000. Repeat clients who have established a good relationship with us can borrow beyond £1000.

Swift Money loans attract very competitive rates. For instance, they offer a representative APR of 1255.66%. Feel free to compare Swift Money rates with those of our competitors.

Requirements to apply for Swift Money loan

• Applicant must be 18+ years
  • Be a UK resident
  • Have a bank a/c.
  • Be employed or have proof of income.

How to apply for swift money loan

You can apply for a swift money loan by visiting their website https://swiftmoney.com/ supply all the needed information. you can Receive Between £100 & £3500 Into Your Bank Account In As Little As 10 Minutes.

READ – Best Online Mobile Loan Apps with Low Interest Rate

Money Boat Loan App

This platform offers transparent and straightforward payday loans. The application process is entirely online, allowing you to avoid paperwork that takes a lot of time. If you get approved for the loan, the funds will be available in your account within 15 minutes.

Money boat is a flexible platform that allows you to borrow and choose the most convenient repayment terms for you. When applying for a loan, Money Boat requires you to provide proof of income, your bank statements, and contact details.

The minimum requirements are:

• Be a permanent UK resident
• Be 18 years or older
• Have a regular income
• Own an account with an authentic debit card

Moneyboat performs a credit and affordability check to determine if you can qualify for a short-term loan. Once approved, you’ll receive the loan terms and conditions via email, which you can sign with an e-signature.

This platform is safe and secure and values borrowers’ privacy. The systems are entirely encrypted, and the data is confidential.

There are no added or hidden fees. Moneyboat has a daily interest rate of 0.7%, which is lower than most UK payday lenders.

This is not a broker site—it’s a direct lender that deals with loan applications directly.

Pros

• No hidden fees
• No penalties on early repayment
• Extension of the loan term
• Quick application and approval process

Cons

• Unemployed individuals are ineligible
• High-interest rates

MoneyBoat: Direct Lenders UK | Flexible Short-Term Loans –CLICK HERE TO DOWNLOAD

READ – USA Health Insurance for Visiting Parents

Mr Lender Loan App

Mr Lender is a leading UK-based short term credit provider. We offer flexible loan solutions where you can borrow up to £1,000 repayable in installments from 3 to 6 months.

At Mr Lender our customers are at the heart of everything we do, and our dedicated team works to ensure that the entire borrowing process is as clear as possible. We fund thousands of loans every month, and are committed to providing our customers with the very best service. This is reflected in the positive feedback we receive.

Using the most innovative and secure processes, we will assess your situation and provide you with a clear, quick decision. We will always try to speak to you if necessary as an additional check. If your application is approved we will endeavour to have the funds sent to your bank account within an hour.

We always ensure that the loans we provide are transparent and clearly explained to you. We assess all applications carefully and only offer loans to people we think can afford to pay them back and never guarantee approval.

Things to consider before applying for Mr lender:

To be eligible to apply for a payday loan with Mr Lender, applicants must meet the following criteria:

1. You must be UK resident
   2.Employed (part time or full-time) with a net income of at least £600 per month
   3.At least 18 years of age
   4.Valid debit card
   5.Working mobile phone
   6.Email address

Mr Lender: Short Term Loans Up To £1000 | CLICK  HERE TO DOWNLOAD AND APPLY

Cashfloat App

Cashfloat.co.uk is a trading style of Western Circle Limited; a fully-FCA authorised direct lender. The Cashfloat model is based on fundamentally good morals and very advanced artificial intelligence technology designed to help and protect people taking payday loans online.

A Leading UK Direct Lender for All Credit Scores –CLICK HERE TO DOWNLOAD AND APPLY

Piggy Bank

Piggy Bank is a short-term loans provider, the offer loan amount up to £1500 for from 282% with up to 5 months duration. You can repay early to save on interest, or if you forget, they have a handy payment reminder service.

CLICK HERE TO DOWNLOAD AND APPLY

Cashasap Uk App

This platform offers payday loans of up to £750. Cashasap requires borrowers to clear their debt with their next paycheque. Once your loan application goes through, expect to receive the funds on the same day.

Cashasap allows customers to make early repayments without incurring any additional costs. If you can afford to make early repayments, do so since it’ll save money.

Applying for payday loans is a simple process that usually takes less than five minutes.

Before applying for loans on this platform, ensure you go through their repayment terms to ascertain that you can afford the loan.

To qualify for a loan, you must:

• Be a resident of the UK
• 18 years or older
• Have regular income
• Have a bank account

Pros

• You can make early repayments with no penalties
• Fast application and approval process

Cons

• High-interest rates

CashASAP: Short Term Loans Online UK | Small Loan Direct –CLICK HERE TO DOWNLOAD

EarnIn: You worked today. Get paid today

EarnIn is an app that gives you access to the pay you’ve earned – when you want it. Get paid for the hours you’ve worked without waiting for payday.

EarnIn is a financial technology company, not a bank. Bank products are issued by Evolve Bank & Trust, Member FDIC. The EarnIn Card is issued pursuant to a license from Visa USA Inc.

Earnin does not charge hidden fees for use of its services

CLICK HERE TO DOWNLOAD EARNIN APP