Category Archives for "Personal Loan"

Yoloan.co.uk – Is it better to get a loan from a broker?

The amount of money that you can borrow on this platform is from 50 pounds to 25,000 pounds as soon as you want it. You apply for your money in only two minutes and you receive it in a short period of time of only ten minutes.
It gives you the opportunity to choose the best loan deal available from a variety of lenders. All you need is just one application to get you started as it is well known ever by a number of people.

Once you apply for a loan it will run a check against its’ various lenders to find out which are the ones that will give you the cheapest loans. This will take only ten minutes to get you the best lender who will give you the cheapest loan.
Some of the lenders that we work with are amigo, bamboo, avant credit, satsuma and progressive money. YoLoan.co.uk is a partner of PJG Financial Limited which is based at 272 Bath Street Glasgow.

They lend to tens of thousands of people every month. They have short-term payday loans which range from 100 pounds to 3,000 pounds and you can get them in a matter of weeks.
They are fast and reliable especially when you are faced with a financial emergency that has just popped up. They are good for people who have to wait for a long period of time before they are paid their salary, bills that they have to pay or if they have spent more than they expected. This is where YoLoan.co.uk comes in and provides you with financial assistance quickly and on the same day that you requested for it. It is this efficient because the process is simple and fast.

These loans are taken in order to cover a period of one to five months. Their aim is to cater to the immediate needs of the customer that have arisen unexpectedly. You can borrow from 50 pounds to 2,000 pounds. For personal loans, you can borrow from 3,000 pounds to 25,000 pounds.

Once you get the loans you can use them for anything that you want. Just in case you are not able to repay your loan within one month, then an instalment loan will be able to help you spread the cost of the loan. If you are in a position to repay the instalment early then you will be able to save on interest.

Pros and Cons of Personal Loan

The main thing that causes the majority of issues everywhere in the world is money. However, we need money in order to have a properly functioning world and economy. Therefore, we need to find ways to deal with these issues. One of the easiest ways to deal with issues that involve money is to get a loan from a bank. When it comes to loans, you can choose from various options and each of them provides a different amount of money and different contracts. One of the more popular options is the personal loan that people can get from the bank. If you don’t know much about the personal loan, then continue reading because we made this article to educate you about the pros and cons of this loan.

Pros

There are a lot of pros to a personal loan, after all, if there weren’t any pros, nobody would use this type of loan. The first good thing about this loan is that you are able to borrow much more money from the bank than you would with a credit card. More money is always a good thing, especially when you are in need of it. Of course, only you know how much you need, and if you can do it just with a credit card, then we suggest doing that. You never want to be in bigger debt than you should.

The option to choose how long you would like to take in order to repay the loan is also a big pro that you should take into consideration. This is a great thing for people that can’t repay a loan instantly. However, you need to keep in mind that the length of the loan will affect the end amount that you need to pay back. Therefore, the longer you take to pay back, the more money it will cost you at the end. This means that you have to be careful and think this through before using this type of loan.

Cons

The first bad thing about personal loans is that the majority of banks will not loan you less than £1.000, or for a shorter time than 12 months. This is bad for a very simple reason and that is people will end up getting loans that they don’t really need, or in worse situations, they cannot afford to pay back. You never want to get a lot of money that you either don’t need or can’t return.