Likely Loans

In this guide Mo shares everything you need to know about Likely Loans.

Who Are Likely Loans?

Likely Loans are a dedicated loans provider that has been trading for over 10 years now, in that time that has helped over 100,000 people with their loans needs and lent over £700m in loans in the UK. 

They set up with the aim of simplifying and personalising borrowing, so if you are in the market to compare loans they are a lender worth considering. 

Who Can Apply For A Loan From Likely Loans?

In order to apply successfully for a Likely Loans product you will need to meet some basic lending criteria, this includes; 

  • You must be at least 18

  • A UK resident 

  • Have a UK bank or building society account 

  • Have not been declared bankrupt

There will be other considerations that Likely Loans may look at when assessing your application, so it is worthwhile using our free eligibility checker first. 

How Much Can I Borrow?

Likely Loans offer personal loans from £500 to £5,000.

How Long Can I Take A Loan For?

With Likely Loans you can take a loan out over a period of 12 to 36 months. 

How Can I Get A Loan From Likely Loans?

You can apply online to get a loan from Likely Loans, however, you should consider using a loan comparison service first, that way you will be able to compare loans that are available to you and see how likely you are to be eligible.

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What Can I Use A Likely Loans Loan For?

As Likely Loans is a provider of personal loans there are many potential uses for your loan.  Potential uses include; 

You will need to check the terms of your loan agreement for any excluded uses. 

How Long Does It Take For A Likely Loans Loan To Come Through?

Likely Loans state that your money will typically be with you the same day if you apply before 3pm or the next working day. 

Can I Pay Off My Loan Early? 

Yes, you can pay off your loan early by contacting Likely Loans, they do not charge a fee for early repayment, but they will apply interest. 

You can also make additional payments by contacting Likely Loans directly. 

Can I Change My Mind?

Yes, you have 14 days to change your mind, from the date you sign your loan agreement. You will need to contact Likely Loans directly if you wish to do this.


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