Apply online today for an instant decision
Why Choose Light Loans?
How it works
Choose your loan amount
Use our home page sliders to choose the loan amount you wish to borrow and the time in which you wish to borrow for. Total Loan amount, interest rates and chosen term will be fully displayed to you.
Fill out our simple 5 minute application form and the Monevo lender matching technology will do the work for you! Receive an instant online decision. We’ll ask for your address, bank and employment details. Your application is 100% online.
Your application will be submitted to the Monevo Lender Panel. If approved you will be redirected to the lender application form where you can check everything over to make sure you are happy with it. You are under no obligation to accept and can still accept or reject the loan offer at this point.
Once you have accepted your Loan Agreement, your funds will be automatically transferred into your bank account by the Lender. You could receive your funds in just 15 minutes!**… It’s that simple!
Light loans are typically smaller in value than many other types of loans and allow people to borrow anywhere from £50 – £2,000. Light loans tend to have a faster application process than many other types of loans, especially those of a larger value. Not only is the application process faster, individuals who apply for a light loan will also receive an instant decision within seconds of applying. There is also no need for a face to face meeting as the whole process is carried out online.
To apply for a light loan, you will need to complete our online application form in which we will ask you to provide us with some personal information. You must be over the age of 18 and be a UK resident in order to apply for a loan.
The information we ask for:
How much can I borrow?
With light loans you can apply for a £50 – £2,000 loan today and receive an instant decision. If you are approved you could receive your loan within 15 minutes of applying depending on if your bank accepts faster payments.
|Light Loans||Loan Type|
|£50 loan||Instant decision|
|£100 loan||Bad Credit Welcome|
|£200 loan||Apply Online|
|£500 loan||UK customers|
By applying with light loans you can apply to borrow a smaller amount of money. We understand that from time to time people can fall a little bit short of covering the cost of their bills. We don’t believe that you should have to take out a £500 loan just to cover a £50 bill which is why Light Loans allow customers to apply to borrow anywhere from as little as a £50 loan up to £2,000.
Loans that are typically smaller in value have grown in popularity in recent years which is why there are more direct lenders to choose from than ever! £50, £100 and even £200 loans are usually repaid in a faster time period than those of a larger value. That is because the value of the loan is so low, individuals will usually have the money to repay the loan on their next payday. When compared to loans of a larger value of £5,000, they are usually repaid over a number of years due to the size of the loan and the length of time it takes for an individual to fully repay their loan and interest.
Whether you borrow £50 or £100 you can use your loan for anything that you need to. Light loans are typically used to cover the costs of unexpected bills and should not be used as a long term solution. Smaller loans in the region of £50, £100, £200 and £500 are used to cover unexpected items and expenses, whereas larger loans in the region of £2,000+ are used to purchase higher cost items such as holidays, cars and can even be used for home improvements.
When you apply with light loans, you will receive an instant decision within a few seconds of applying. If you are approved, you can expect to receive funds in your account within 15 minutes depending on whether your bank can accept faster payments. If your bank does not accept faster payments, you can expect to receive funds in your account on the same working day or next working day.