Introduced by
In partnership with
Introduced by
In partnership with
Borrowing £2,000 over 24 months at Representative 59.9% APR and
Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and
a total amount payable of £3,145.20.
This example is for illustration purposes only. The rate and / or term you are offered
is dependent on your individual circumstances Rates from 39.9% APR to
maximum 89.9% APR. Loan terms from 12 to 36 months.
Likely loans is a near and sub prime lender, offering finance to individuals who are unlikely to be accepted for products from their bank or mainstream, highstreet lenders. Likely loans and other lenders like it are in effect a ‘lender of last resort’ for many.
Bad credit loans are loans for individuals who are struggling to get credit because they have negative marks on their credit file or are too indebted to get standard loans available from high street lenders.
If you you are unsure if the lending is affordable, it may be wise to get free impartial advice from the government’s Money Advice Service www.moneyadviceservice.org.uk/ or from one of the debt charities: Citizens Advice Bureau www.citizensadvice.org.uk/ or stepchange www.stepchange.org/.
Likely loans is a relatively new lender, backed by Blenheim Chalcot who have a range of investments in the fintech space including Salary Finance and Clearscore. Likely loans take a slightly different approach to understanding your affordability which why combined with the interest they charge, they may be able to offer you borrowing when others can’t.