Personal Loans
Predictable borrowing with personal loans on fixed rate…
- Transparent comparisons
- Better approval chances
- Tailored loan options
- Paperless, eco-friendly
- Improve credit score
How much do you need?
Personal loans are always in high demand due to their affordability and flexible nature. Once approved, you can use the loan money for any purpose. Also, customised deals offered by lenders provide an opportunity to avail funds without worrying much about repayments. Plenty of lenders are available to compare on a broker platform like ours. This gives you, as a customer, the power to choose and avoid expensive deals.
easy with smart borrowing options
Personal loans are like a lifeline for us these days. With the rising cost of living, it is essential to be financially prepared for both specific and uncertain expenses. Your income and savings are usually sufficient for that. But sometimes, the need for additional funds arises, and at that time, obtaining emergency funds becomes a priority.
You can easily get personal loans in Ireland from any lender. But which one offers the most affordable deal can be a question. Never rush for the first deal you come across, as that may cost you big. A smarter approach is to hire a loan broker and let them find a personal loan offer that aligns with your borrowing priorities. A broker conducts a soft check of interest rates, repayment ability, and other factors to match clients with suitable lenders.
Finloanhub offers access to the best personal loan providers with no additional cost. Apply to multiple lenders for loan quotes through a single application without a hard credit check. Choose the lender, apply, get an instant decision, and receive your monthly payment on time in your bank account. This is how fast and dependable personal loans work.
Get an loan quote to get started
What is a personal loan?
A personal loan is a short-term borrowing solution offered by traditional and non-traditional or alternative lenders. You can use it to fulfil small to mid-term temporary financial needs. Medical expenses, sudden car repairs, educational expenses, unexpected bills, etc. —any purpose can be covered. You can apply without a guarantor or collateral, as the loans are designed to provide instant funds to applicants. But if you need a larger amount, secured loans in Ireland are also available. The online loan process makes the loan product a speedy option.
What are the features of personal loans?
You should know the following features to choose and compare the lenders and find a budgetary deal.
What are the types of personal loans?
These loans come in different types. As per your requirement and credit purchase power, you can qualify for any of the following options.
Your personal needs may be large-scale at times, such as home improvement. Securing funds using collateral is a popular option in that case. This lets you borrow a big amount at a lower rate.
Get access to lenders that offer loans irrespective of credit score. Apply for loans for bad credit for any need. But these have higher interest rates than standard loans, given your risk profile.
As personal loans allow you to borrow on your individual affordability, you don’t need to bring a guarantor. An applicant can include someone as a guarantor, but it is not obligatory.
Merge multiple obligations like loans, credit cards, overdrafts, etc., in one loan. Use a personal loan to consolidate other small debts. You will then have to manage a single instalment at a fixed rate in place of multiple repayments.
How to get personal loans for bad credit?
As you know, a bad credit score means a high-risk profile. When you apply for a loan, lenders want to be sure that you will pay the instalments on time. For that, you need to address several factors before applying for the funds and throughout the application process. Private lenders are usually more flexible with bad-credit applicants. Banks and credit unions offer personal loans with stringent policies for people with poor credit.
- Check your credit report for errors – Take your credit report from major credit reference agencies, Experian, Equifax, or Central Credit Register, or Irish Credit Bureau. Check for errors, such as a paid bill showing as pending. Get errors rectified; otherwise, they can affect your credit score.
- Pay bills and debts on time – Recent payment behaviour, especially over the last 6 months, is essential for approval. Make sure you pay at least 80% of your bills and debt payments on time, if not all of them. Otherwise, you will not get approved.
- Apply for an affordable amount – Apply for a loan amount you can actually afford to repay. For approval, you may show a strong creditworthiness once. But if your income is unstable, missed or delayed payments will cause a credit score drop.
- Try to gather more income sources (not obligatory) – You may qualify for funds with one income source. But if you want to negotiate better interest rates and borrow a larger amount, having an additional income source is vital.
What are the major pros & cons of personal loans?
The factors below introduce the advantages and disadvantages of private loans. Knowing them will help you make a rational decision.
Pros | Cons |
Flexible use of funds. No lender asks you to mention the reason. | Higher interest rates for bad-credit applicants. |
Fixed monthly payments are available primarily to borrowers with fixed-rate loans. | Late payment penalty and hidden fee may be part of the deal. |
Credit-friendly deals apply to good, fair, or bad credit scores. | Risk of over-borrowing due to the handy online loan process. |
Lower interest rate than credit cards to ensure easy repayments. | Not all lenders offer flexible repayment plans. |
What it matters to choose Finloanhub?
For several reasons, we are a worthy choice for unsecured personal loans.
Why Finloanhub? | Why does it matter? |
One application for multiple lenders | Time saving and simplified the application |
Soft credit check
| No impact on credit rating and report |
Suitable for all credit types | Chance to improve credit profile
|
High approval rate deals | Timely funds during an emergency
|
Finloanhub is a consolidated platform of multiple offers on personal loans in Ireland with no credit check. You find personal loans here for fund seekers from varied financial backgrounds. No credit score constraints— good, fair, or bad —accepted. Similarly, all income types — whether employed, self-employed, or freelancing — can apply. What is your requirement as an applicant? We are here with all the relevant deals and lenders.