Personal Loans for young people aged 18 and over. Find out how much a personal unsecured loan could cost. Complete your details and the broker will give you a personalised loan quote for young people. The broker can help with loans for people aged 18, 19, 20 or age 21.
Apply online for up to £5000 using our short online form. Simply select the amount you want to borrow, the term of the loan, and start the process.
We'll search a panel of over 30 lenders in just a few minutes and give you an instant online decision!
Once matched with a lender and you are happy with their terms, you could receive your funds the same day*
A personal loan is where you borrow money from a lender, and agree to make repayments over a set period of time. Repayments must be made on time, usually monthly. You need to make sure that you have sufficient income to meet the payments, or you may default on the loan which will give you a bad credit record and make it more difficult to get a loan in the future. You need to think not only about whether you have sufficient income to make payments now, but think about what happens if your circumstances change, such as if you lose your job or you go on shorter hours and your income reduces.
You may want to borrow money for a new car, to make home improvements or to repay other, higher rate finance you may already have. If this is the case, please bear in mind that although a new loan may reduce your monthly payments now, they may increase the overall amount you will have to pay back.
If you are aged 18 or over and need a personal loan, we can put you in touch with a regulated loan broker, even if you have had financial problems in the past and you are worried about where to get help with you finances. If you need to raise money fast, a qualified loan broker can help you get back control of your finances.
There are three different types of loans discussed on this website:
To find out how much an unsecured loan will cost you, please complete the personal loan application
If you want a car loan, complete the Personal loan application form
The loan broker will contact you to discuss the loan and let you know the monthly payments
Please make sure a personal loan is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.
If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.
Our fast, secure application forwards your enquiry to a broker who has access multiple lenders. They aim to find you the cheapest loan based on your personal circumstances.
For short term loans, payday loans, car loans, unsecured homeowner loans
Information on business finance for young people: Prince's Trust
Credit Reference Agencies Experian
Equifax
This is the bottom line. As a company, we only get paid if your loan is paid out. The broker will endeavour to find the most suitable loan or plan for your individual circumstances. The broker will do everything they can to get your loan paid out as quickly as possible.
If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements
Copyright © 2020. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Bury. BL9 6PJ
1st Loan may receive a fee/commission for either referral or completion of your loan application.1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.
Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.
1st Loan is not a lender and does not make credit decisions. 1st Loan introduce loan enquiries to a broker (TdotUK Limited) that matches customer applications with lenders in their network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to £5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.
This page provides information and advice on loans for young people