Below we have outlined the most common questions asked about loans. Please click on a question to get the relevant answer.
How can OnlyFinance help you? What are the different types of loan? What lending criteria is considered? What happens if I have been refused credit? Top Tip for using OnlyFinance How much can I borrow? What is the difference between secured and unsecured loans? How do I pay it back? Where do I get a loan? What is an annual percentage rate (APR)? If I apply for a loan, are any checks made on my financial history? If I have a bad financial history can I still get a loan? Can I repay my loan early? What happens if I’m late or can’t make a repayment
You will probably have to make payments in regular monthly amounts until your loan has been repaid in full. The first repayment date will be at least a month from the day your loan was approved and subsequent repayments will be made at the same time for each following month.
Some loans, however, are repaid in weekly or yearly instalments and some require no payments until the term has expired when the entire lump sum is expected to be paid off.
Only Loans Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 439110. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05222154. Telephone 0207 377 1805.