Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.
Loans for 3 - 12 months.
Short, simple and fast application process.
Decisions in minutes.
Personal loans are unsecured loans most commonly provided by traditional lenders such as a high street bank. In most circumstances, though not necessarily, a consumer will apply for a personal loan through the bank that they have their current account with. Personal loans are for a fixed amount repayable over a fixed period of time and usually at a fixed interest rate.
Personal loans normally have a minimum value of £1000 and a repayment period of at least a year. Often, though not always, the borrower will be charged in the case of early repayment as this impacts on the profit that the lender makes from providing the loan. Lenders will conduct a credit check on borrowers who must have a reasonable credit rating in order to be approved for a personal loan. Application to approval and receiving the funds will generally take at least a couple of weeks. Personal loans will generally be taken out to cover a significant financial outlay such as home improvements, debt consolidation or education such as college or university fees.
Payday loans are an alternative to a personal loan when the borrower requires a smaller sum of money over a shorter period of time. Most payday loan products will have a maximum value of £2000 and be repayable over weeks or months rather than years. The application and approval process is also much quicker than is the case with personal loans with funds usually received within a day. Payday loans are designed to cover short term cash needs such as unexpected expenses or a one-off accumulation of expenses over a short timeframe.
Almost anyone over the age of 18 who is a permanent resident of the UK and has a bank account. A poor credit score is not necessarily an obstacle as long as your regular income is sufficient to comfortably afford repayments.
Very Merry Loans is an FCA-licensed payday loans broker. We do not lend directly ourselves but match you to the FCA-regulated lender that offers the best terms for the payday loan product that you apply for. Because we are an FCA-registered broker we do not charge any application fee or brokerage fee when you apply for a loan. We are paid a commission by the lender which does not affect the terms or costs that would be applicable if you were to apply directly to the same lender.
There are a number of advantages to using Very Merry Loans:
Online – why go to a high street loan shop when you can apply online from home?
Quick – application takes 5 minutes, we match you to a suitable lender within a couple of minutes and you will almost always have the loan in your bank account within a day.
High Approval Rates – because we work with over 20 payday loan lenders it is almost certain that one of them will be ready to approve your application.
Cheaper/Better Terms – we always match you to the lender offering the best interest rate and general terms for the loan you are applying for.
Customer Service – we have a dedicated and friendly customer service team that are ready and waiting to answer any questions you may have before or after your loan approval.
Very Merry Loans has access to loans from over 20 different lenders in the UK who offer payday loans of between £100 and £2000. Exactly how much you are eligible to borrow will depend upon your regular income and outgoings.
The lenders that we work with offer repayment periods of between 1 and 12 months for payday loans. How long your repayment period will be will depend upon the size of your loan, your preference based on your financial situation and the lender’s affordability assessment.
The online application process for a payday loan is very quick and easy. We will ask you for some standard personal details such as your full name, your date of birth and your permanent, registered address. You will also be asked to provide details of your weekly or monthly income and expenditure, the name of your employer and your role and the bank account that your loan will be paid into and from which you will set up a direct debit for repayment installments.
When applying for a payday loan you will usually have the money in your bank account within a day. In the majority of cases, application and approval should take less than half an hour and funds will often be available in your account within a couple of hours or the next day at the latest.