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An Unsecured Personal Loan is available in up to £30,000 over any term up to 5 years. Clean credit and sufficient income is required. Payout within 48 hours for successful applications. Apply online.
WHAT IS REQUIRED
Contact us to discuss the requirements for this product.
WHY CHOOSE IT?
Contact us to discuss the suitability of this product for your business.
Typically, you can receive a cash advance loan equivalent to your average monthly turnover. You repay this amount, plus a fee, by agreeing to give a small percentage (usually 10-15%) of all card receipts to the advance provider until the finance is paid off and the balance is cleared. This is done automatically via the card terminal with each transaction, and you don't have to change your card processor. Unlike traditional bank loans, there are no time constraints on this. In quieter times when less money is coming through your card terminal, you'll pay less money back. In busier times when more money is coming through, you'll pay more money back.
FAQs
Does it affect my credit score to apply?
No. All our lenders use ‘soft’ credit checks which do not affect your credit score.
How long is the online application?
It’s quite short. We just need contact details, 3 years’ address history, 3 years’ work history, income details and what you want the loan for. It all takes about 5-6 minutes to complete.
How long does it take before the loan is paid out?
Depending on the lender you are approved with it can be same day but most likely 24-48 hours.
What if I'm not approved for an unsecured personal loan?
We have other options: you could look at a Secured Loan if you are a homeowner or a Guarantor Loan if you are not.
Is the loan at a Fixed or variable rate?
All Unsecured Personal Loans we offer are at a fixed rate for the term of the loan.
Choice Loans is a broker, not a lender. We will connect you with a lender suitable for your needs or, if appropriate, a specialist broker. We do not charge you an upfront fee but, if your application is successful, a broker commission may be charged.
© Choice Money Limited 2025