To be eligible to apply for a Ready Loan, we ask that you:

  • have sufficient disposable income
  • have a good credit history: verification of identity and address, no CCJs or IVAs in the last 3 years, no bad or defaulted debts in the last 2 years and not an undischarged bankrupt
  • have a good record of paying back previous loans

For loans over £2,500, we ask that you also:

  • have a minimum household income of £18,000 mainly from employment or pension.
  • have lived at your current address for at least 2 years
  • have no adverse credit findings for at least 3 years
  • are up-to-date with any existing or previous loans
  • will repay instalments by standing order (unless cash repayments on previous loans were made with no defaults).

We can lend up to £7,500 and the interest rate depends upon how much you borrow:

£100-£1,499: interest rate is 3%/month (42.6% APR)

£1,500-£2,499: interest rate is 2%/month (26.8% APR)

£2,500-£4,999: interest rate is 1.5%/month (19.56% APR)

£5,000-£7,500: interest rate is 1.25%/month (15% APR)


Use this loan calculator to get an estimate of how much interest you may pay (for illustration purposes only)

Ready Loan Calculator
£0 Please select your preferred repayment frequency

Please select the interest rate (details at top of page)
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