Little Loans in Newcastle

Written by:

Cara Bradley

5 minutes mins read

Updated: 26th November 2024

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If you’re looking for a short-term loan between £100 and £10,000 in Newcastle, Little Loans could help you search.

Newcastle

Known for its unique and friendly dialect, Newcastle is a wonderful city located in the northeast of England.
Famous faces from Newcastle include Cheryl Cole, Alan Shearer, and one of Britain’s best loved duos, Ant and Dec. To add to this list, musical figures such as Maximo Park, Lighthouse Family, and Jimmy Nail all hail from the ’Toon.

The city’s vibrant nightlife attracts partygoers in great numbers, but those seeking a more relaxed experience can indulge in Newcastle’s softer side, which boasts striking bridges, museums, and art galleries.

Payday loans in Newcastle

If you’ve been hit with an unexpected expense and need money in Newcastle, you might have thought about taking out a payday loan.
A payday loan is a sum of money borrowed from a lender. As the name suggests, a payday loan is generally required to be repaid in full within a four-week period.

Alternatives to payday loans in Newcastle

• Use your savings. In the event of a financial emergency, you may wish to consider using your savings as a first port of call. Very few of us like dipping into our savings account, especially when it’s to cover the cost of something unplanned, but using your own money, rather than borrowing from a lender, will mean that you can avoid paying interest.
• Borrow from friends and family. Loved ones may be willing to lend you the money you need on a lower interest rate than a high street lender or bank. They may even offer to lend you the money interest-free, although a repayment plan should be put in place before an agreement is made, preferably in writing.
• A short-term loan. If you’ve done your research and decided that a loan is the most suitable option for you, you might be interested to learn more about short-term loans as an alternative to payday loans.

What is a short-term loan?

A short-term loan is similar to a payday loan, but rather than being required to repay the full amount within a month, borrowers can opt to spread the cost of the loan across various terms.

Little Loans is a credit broker. We work with a panel of trusted and responsible lenders, who offer short-term personal loans. Depending on the amount of money you apply to borrow, you could repay your loan across a term between 3 and 60 months.

Please be aware that Little Loans does not search for payday loans.

Why choose Little Loans to search for your personal loan in Newcastle?

• Worried about your credit score? A number of the lenders on our panel specialise in loans for people with bad credit and would be willing to consider your application.
• Peace of mind: check your chance of approval before you make a full application, with no impact to your credit score*.
• Our service is free to use.
• No-obligation quotes.
• Our online form can be completed at a time and place that suits you, 24 hours a day, 7 days a week.

*Little Loans uses soft search technology which will not affect your credit score. Please be aware that if you’re matched with a loan and choose to make a full application directly with the lender, a hard search will be carried out by your lender. A hard search will remain on your credit file for up to 12 months, and multiple hard searches within a short period of time could harm your credit score.

Who can use Little Loans to search for a loan in Newcastle?

You’re welcome to use Little Loans to search for a suitable, short-term personal loan if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid into your bank account.

I’m looking for a loan in Newcastle; how much money can I apply to borrow?

Little Loans can help you search for a short-term loan from £100 to £10,000.
It’s important to never borrow more money than you need or can afford to repay.

Bad credit payday loans in Newcastle

If you have poor credit, you might be worried about your chance of being approved for a loan. Before applying for a bad credit loan, you should be aware that having bad credit could limit your borrowing options and you’re likely to be presented with higher interest rates.

Little Loans is unable to help you search for bad credit payday loans in Newcastle; however, several of the lenders on our panel offer short-term loans for people with bad credit and would be willing to consider your application.

Your payday loans alternative in Newcastle

Searching for a short-term loan to suit your personal circumstances? Let Little Loans take the guesswork out of the search. Our process is straightforward.

1. Tell us how much money you’d like to borrow and select a repayment term.

2. Fill out our online application – this should take no longer than five minutes.

3. Next, we’ll run a soft search on your financial information, with no impact to your credit score, and scan our panel of lenders for a suitable loan.

4. If you’re matched with one of our lenders, you’ll be redirected to their website, where you can find out more about the loan. If you’d like to make a full application, the lender will complete some further checks, including a hard search.

5. If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement. Take your time in reading through this, before choosing whether to sign and return.

How quickly could my money be sent?

A number of lenders on the Little Loans panel could send your money on the same day as your application is approved, although the time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

Confidential money advice in Newcastle

Wherever you are in the UK, please know you can access free, impartial money and debt management advice through a range of charities and organisations, StepChange, MoneyHelper, Citizens Advice, and National Debtline.