Likely Loans
59.9% Representative
Will lend between: £500 - £5,000
Over: 12 - 60 Months
The quickest way to find the best loan.
Compare UK direct lenders that have accepted your application.
- Fill in one quick and simple form.
- Loans for all purposes.
- Bad credit history accepted.
Representative 49.9% APR (variable).
Likely Loans customer reviews.
2.7 out of 5 stars
Our review of Likely Loans
Likely Loans are positioned as a lender that can offer loans between £500 to £5,000 to customers with a poor credit history. A major selling point of Likely Loans is that they do not require a guarantor, which is rare among bad credit lenders. Taking this into account, their advertised APR of 59.9% can be considered very reasonable.
Their online application is fairly quick to complete and customers are able to receive a decision about their loan almost instantly. Although their application process is rapid, successful applicants would then receive the funds the next working day, so if you’re looking for same day funds then it might be worth shopping around.
The online reviews paint a decent picture of Likely Loans, with customers having positive sentiment towards the lender – this is backed up with our OPTIOSCORE where they have a achieved a score of 79.7 and ranking quite high. On Feefo.com, where Likely Loans achieve an ‘excellent’ rating, customers have expressed their happiness about the efficient service, simple process and affordable repayments.
Overall verdict: Likely Loans seem to provide a sound service to their customers, with positive reviews online and a simple website. If you have bad credit and don’t have a guarantor then Likely Loans are a lender worth considering.
Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.
Highlights
- Simple online application only takes 5 minutes
- No hidden charges or fees
- They accept poor credit customers without requiring a guarantor
- Instant decision online
- You can be a homeowner or tenant
Minimum criteria
- Must be a UK citizen
- You must be aged 18 or over
- You must have some credit history
- You will need to have a bank or building society account
- No bankruptcy in the last 12 months
- You must have an income (salary or pension)
Fees
- Maximum APR 99.9%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
About Likely Loans
Likely Loans offer personal loans between £500 and £5,000 repaid over one to five years at a representative APR of 59.9%. They position their loans towards customers who have bad credit history and provide an instant decision following the online application. Likely Loans do not have any arrangement fees or charges.
The online application takes around five minutes to complete and should the applicant be successful, they can receive the loan the next working day. Customers are able to repay the loan early, either in part or in full, at any point within the loan term. Likely Loans do not charge a fee for this, but instead, apply a level of interest which they will inform you of if you want to take this option.
Company information
Registration number: 07831517
The Poynt North, 45 Wollaton Street, Nottingham, NG1 5FW
FCA registration
Reference No: 707357
Trading names: Likely Loans, Oakbrook Finance Ltd , Marshall Rivers, GuarantorUs Loans
Place of business: The Poynt North, 45 Wollaton Street, Nottingham, NG1 5FW
Data protection registration
Registration No: Z3250811
Data controller: OAKBROOK FINANCE LIMITED
Address: The Poynt North, 45 Wollaton Street, Nottingham, NG1 5FW
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