Who are Only Loans?
Only Loans is a division of the Only Group and is one of the UK market leaders for unsecured loans.
How fast can I get a decision on my loan application?
Usually 4-5 days from the date of your application.
How much can I borrow?
You can borrow from £250 to £15,000 depending on your personal circumstances.
How long will it take for me to receive my loan?
You will usually receive your loan within 5-7 days of receiving your loan offer from a lender.
Can I apply if I have a bad credit history?
Yes you can apply if you have a bad credit history as we specialise in helping customers find the best solution to their financial problem.
How do I apply?
You can apply through our online application form or call us free on 0800 1777 193 and one of our trained advisors will be happy to help.
What happens once I have filled in the online form?
Once you have filled in our simple online form one of our trained advisors will call you back to verify your details. Your advisors will also be able to give you an answer on if your loan application has been accepted. Once the processing fee has been accepted you will receive documents from a lender in the post which you will need to sign and return. Once the documents have been processed your money will be transferred to you.
What information do you require for my application?
In order to process your application we require your name, date or birth (you must be 18 or over), residential address(es) for the past 3 years, employment details, some financial details and the amount you wish to borrow.
If I am married will I need to make a joint application?
You do not need to take out a joint application if you are married. However a joint application may help with your application if your spouse (or partner in a Civil Partnership) is the main earner.
What do you accept as income?
We accept both weekly and monthly salary and require that you work a minimum of 16 hours per week and take home a minimum wage of £600.00 per month.
What forms of identification do you accept?
Forms for acceptable identification are usually driving license, passport, household utility bills and bank statements; however acceptable identification will be determined by your lender.
How much will I need to pay back?
Your total repayable amount will be based on the amount you borrow, the duration you wish to borrow the loan for and your individual circumstance. The total repayment will be given to you when you receive your loan offer from a lender.
What are the monthly repayments?
Your repayment schedule will be determined by your lender and you will receive this when you receive your loan offer. Your repayment schedule will be based on the amount you borrow, the duration you wish to borrow the loan for and your individual circumstance.
How long will it take to repay the loan?
This will depend on how long you have requested for your loan to be spread out across. Your loan repayment will be based on the amount you wish to borrow, your personal circumstance and is all subject to the agreement you have in place with your lender.
What is the Interest Rate (APR) for the loan?
Your APR rate will be determined on the amount you wish to borrow, your personal circumstance and the period you wish to borrow the loan for. An APR quote will be given to you when you receive an offer from a lender.
I might want to cancel my application?
If you are thinking of cancelling your application you can call us on 0800 1777 193 or write to us at the address provided on our Contact Us page and one of our advisors will call you back.
Where can I find your Terms and Conditions?
To see a copy of our Terms and Conditions for this website please click here.