Personal loan options
Need a reliable personal loan to help you cover certain necessary expenses? At Term Loanz, our personal loans are designed to help you move forward, not backward. Make it your own. Customise how much you want to borrow and how long you want to repay your loan over. Your convenience is our priority.
- Borrow from £200-£2000
- Locate for the right loan for you
- You set the term 3 months to 18 months
- Online decision in minutes
How it works
Select from £200 to £2000 on our calculator to see how much your repayments could be each month. It’s so simple, put the control back in your hands today and apply online with confidence! You can tailor 3 to 18 month loans to your borrowing needs and can receive an online lending decision within just a few minutes of you submitting an application! If you are accepted for a loan you should receive the money directly into your bank account by midnight on the day you signed your Loan Agreement.
We are a broker so we do not collect money directly from customers. If you are having problems making a payment please contact the lender that you signed your loan agreement with so that you can discuss your payment options.
If you default on your loan without getting in touch with lender, they will endeavour to contact you first by phone, email or SMS
Lenders usually reserve the right to utilise the Continuous Payment Authority to continue to attempt to take payment from your card up to 90 days past your due date. This is only done if it is in line with the terms of your agreement. Please check your own Terms and Conditions on your signed loan agreement for details.
Non-repayment of your loan
Lenders do understand that people’s circumstances sometimes change. If this is the case, you should let either ourselves or your lender know as soon as possible so that we can help you in the best possible way.
Important things to remember:
- Don’t borrow money if you know you will struggle to pay it back
- Don’t ignore the situation, contact your lender as your first port of call and they will help as much as possible
Please be aware that if do not repay your loan at the agreed date between yourself and your lender, this will result in your lender reporting your case to the Credit Reference Agencies; which may have a negative effect on your credit score. This may negatively impact your ability to obtain credit in the future for services such as car finance, mobile phone contracts or satellite TV subscriptions.
If you default, you may be charged a collection fee (which varies from one lender to another), plus interest on the balance outstanding at the interest rate payable under the agreement. You must pay your lender any reasonable expenses and costs that may be incurred in taking steps to enforce (for example, via County Court Judgements), or attempt to enforce, the lenders rights against you under your agreement.
Renewing your loan
Subject to your agreement with your lender and your circumstances, you may be eligible to renew your loan. Usually, lenders will only allow you to renew your loan a maximum of three consecutive times, please refer to your the Terms and Conditions of your agreement for details. The renewal process works by paying the interest only. If agreed, you lender will then extend your loan, plus interest, to the next time that you are paid. This ensures that the balance of your loan does not increases unlike some short-term loan providers.
Lenders will only renew your loan once they have express authority from yourself to do so and subject to their own criteria.