The 7 Best Loan Agencies in London

Finding the right loan agency in London can be a crucial step towards achieving your financial goals, whether you’re looking to buy a home, start a business, or manage unexpected expenses. With a plethora of options available, it can be challenging to identify the best choice for your needs. That’s why we’ve compiled a comprehensive guide to the 7 Best Loan Agencies in London, highlighting those that offer competitive rates, flexible terms, and exceptional customer service.

When selecting a loan agency, consider the following services and aspects:

  • Personal Loans: Ideal for consolidating debt or covering large personal expenses.
  • Business Loans: Tailored for entrepreneurs looking to expand or start a new venture.
  • Mortgage Loans: Assistance in purchasing or refinancing a property.
  • Interest Rates: Comparing rates can save you money over the life of the loan.
  • Repayment Terms: Flexible terms can offer more manageable monthly payments.
  • Customer Support: Access to knowledgeable staff who can guide you through the process.
  • Online Application: Convenient and quick way to apply and get approved.
  • Fees: Be aware of potential hidden fees and charges.
  • Credit Score Requirements: Understanding what is needed for approval can save time.

Whether you’re a first-time borrower or looking to refinance, our guide will help you navigate the world of loan agencies in London, ensuring you find the right fit for your financial journey.

7

Number of companies

1705

Verified reviews

3,60

Average rating

Lending Stream
+442038084440

1. Lending Stream

★ ★ ★ ★ ★ 4,7/5
Unit 320, Metal Box Factory, 30 Great Guildford St, SE1 0HS, London
  • Loan agency

Why we chose them

Lending Stream stands out as a dynamic loan agency that has carved a niche for itself in the financial sector. Known for its user-friendly approach and commitment to transparency, the company offers accessible loan solutions tailored to meet the diverse needs of its clientele. With a focus on flexibility and speed, Lending Stream ensures that customers can obtain financial assistance promptly, helping them navigate unexpected expenses with ease.

Chosen for our directory due to its customer-centric philosophy, Lending Stream exemplifies reliability and efficiency in the loan agency industry. The company’s innovative platform simplifies the borrowing process, making it straightforward for users to apply and manage their loans online. By prioritizing customer satisfaction and maintaining high standards of service, Lending Stream continues to build trust and credibility among its users, setting a benchmark for excellence in financial services.

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Cash Converters
+442081508505

2. Cash Converters

★ ★ ★ ★ ★ 4,8/5
60 - 62 Ballards Ln, N3 2BU, London
  • Loan agency
  • Bicycle Shop
  • Cell phone store
  • Game store
  • Second hand store
  • Music store
  • Pawn shop
  • Store
  • Tool store

Why we chose them

Cash Converters offers a diverse range of services, making it a versatile destination for various needs. This company functions as a loan agency, bicycle shop, cell phone store, game store, second hand store, music store, pawn shop, and tool store. Their comprehensive offerings cater to customers looking to buy, sell, or borrow, providing a one-stop shop for second-hand goods and financial services. With a focus on convenience, the company ensures that customers have access to quality products and reliable financial solutions in one place.

Located in Finchley, the store showcases an extensive array of categories, including jewellery, fashion, gaming, phones, cameras, and computers. They also offer a selection of music, TV, video, collectables, hobbies, toys, outdoor, and sports equipment. Additionally, customers can find tools, motor and hardware, household, and business items, making it a valuable resource for a wide audience. This diversity in offerings, coupled with a commitment to customer satisfaction, highlights why this company is a noteworthy addition to our directory.

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365 Finance
+442071000365

3. 365 Finance

★ ★ ★ ★ ★ 4,7/5
13-15 Rosemont Rd, NW3 6NG, London
  • Loan agency
  • Financial institution

Why we chose them

365 Finance stands out as a leading financial institution offering flexible business finance solutions tailored to the needs of various industries. Specializing in unsecured business loans and merchant cash advances, the company allows businesses to access funding quickly, with amounts up to £400K. Utilizing their innovative Rev&U™ model, clients can repay loans through a small percentage of future card sales, ensuring payments align with business revenue. This unique approach, combined with an impressive 90% approval rate and a simple application process, makes 365 Finance a preferred choice for businesses seeking fast and hassle-free financial support.

The company’s commitment to customer satisfaction is evident through their dedicated relationship managers and transparent pricing—offering one all-inclusive cost without hidden fees. Recognized with the prestigious King’s Award for Enterprise, 365 Finance excels in providing fast funding, often within 24 hours, to help businesses with cash flow, buying stock, expansion, and more. Their success stories, like Jess taking her shop online, highlight the real-world impact of their services. By facilitating growth with no security or business plans required, they empower businesses to thrive and adapt in a dynamic market environment.

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Vida Homeloans
+443300246246

4. Vida Homeloans

★ ★ ★ ★ ★ 2,0/5
1 Battle Bridge Ln, SE1 2HP, London
  • Mortgage lender

Why we chose them

Vida Homeloans stands out in the mortgage lending sector for its innovative approach and commitment to providing tailored solutions. As a specialized mortgage lender, they cater to a diverse range of clients, including those who may not fit the traditional lending criteria. This focus on flexibility and personalized service makes them a valuable addition to our directory, appealing to borrowers seeking customized financial products.

The company’s dedication to understanding individual needs and circumstances is evident in their service offerings. By prioritizing customer-centric solutions, they ensure that clients receive the support they need throughout the lending process. This commitment to excellence and adaptability positions them as a leader in the mortgage industry, making them a noteworthy choice for potential borrowers.

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Car Cash Point Ltd
+448007747740

5. Car Cash Point Ltd

★ ★ ★ ★ ★ 2,2/5
Suite 3b, Lyttelton House, 2 Lyttelton Rd, N2 0EF, London
  • Loan agency

Why we chose them

Car Cash Point Ltd. is a leading loan agency in the UK, specializing in logbook loans that enable customers to release cash from their vehicles swiftly and efficiently. Known for its competitive pricing and exceptional customer service, the company offers a ‘Best Rate Promise,’ ensuring that if customers find a lower price elsewhere, it will be beaten by 10%. With flexible loan terms ranging from one to five years and the option to make overpayments without hidden penalties, borrowers can tailor their repayment plans to suit their needs. The agency is renowned for its transparent processes, allowing customers to understand and manage their loans effectively.

As a responsible lender, the company is fully authorized and regulated by the Financial Conduct Authority and adheres to the Consumer Credit Trade Association’s Code of Practice. It provides loans ranging from £500 to £100,000, secured against various vehicles including cars, vans, and motorbikes. Customers can receive their cash in as little as one hour, subject to approval. This flexibility, combined with the company’s commitment to ethical lending and customer satisfaction, has earned it accolades such as the ‘Best Customer Focus’ award. The company’s dedication to transparency and competitive pricing makes it a standout choice in the logbook loan sector.

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Enness Global
+442037589393

6. Enness Global

★ ★ ★ ★ ★ 4,5/5
64 N Row, W1K 7DA, London
  • Mortgage lender
  • Finance broker
  • Insurance broker
  • Loan agency
  • Mortgage broker

Why we chose them

Enness Global stands out as a premier broker in high-value international finance, providing bespoke solutions for high-net-worth individuals, business owners, and companies seeking competitive financial services. With over 15 years of experience and a presence in six global locations, they offer unparalleled access to a wide array of financial products. Specializing in complex transactions, they facilitate UK and international mortgages, securities-backed lending, corporate finance, and luxury asset finance. Their expertise extends to areas such as bridging finance, private debt, and high-value home insurance, ensuring clients receive tailored advice and optimal financing options.

As a trusted finance broker, the company connects clients with an extensive network of over 500 lenders worldwide. Their services are designed to simplify the finance process, providing expert guidance and securing the best possible terms for unique financial needs. Whether it’s financing a luxury property or expanding a business, they manage the entire process discreetly and professionally, ensuring clients achieve their financial goals with ease. Their commitment to delivering exceptional service has earned them a reputation for excellence, making them a valuable addition to our company directory.

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London Community Credit Union
+442077299218

7. London Community Credit Union

★ ★ ★ ★ ★ 2,3/5
473 Bethnal Grn Rd, E2 9QH, London
  • Loan agency
  • Bank
  • Financial institution
  • Credit union

Why we chose them

London Community Credit Union is a dynamic financial institution dedicated to serving the local community with a range of tailored banking and financial services. As a credit union, it offers an alternative to traditional banks and high-cost lenders, focusing on providing affordable financial solutions. The institution stands out with its comprehensive offerings, including personal loans, debt consolidation options, and a variety of savings accounts such as the Saver Plus, Holiday Saver, and Junior Saver accounts. It also provides essential money management resources like the Money Health Check and support services for Universal Credit claimants, demonstrating its commitment to financial education and empowerment.

With a mission to facilitate local banking for local people, the credit union encourages financial literacy and smart saving habits among its members, including junior members. Its innovative approach includes workplace savings and loan repayments directly from salaries, making financial management seamless and convenient. Furthermore, it ensures the safety of its members’ deposits through the Financial Services Compensation Scheme. The institution’s strategic presence in areas like Hackney, Stratford, and Bethnal Green underscores its dedication to community-based service, making it a valuable addition to our directory for those seeking reliable and community-focused financial support.

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FAQs

What types of loans do agencies in London typically offer?

Loan agencies in London generally offer personal loans, business loans, and mortgage loans. Each type is tailored to different financial needs, such as consolidating debt, expanding a business, or purchasing property.

What is the average interest rate for loans in London?

Interest rates for loans in London can vary based on the type of loan and your credit profile. Personal loan rates typically range from 3% to 15%, while mortgage rates can range from 1.5% to 5%.

How long does it typically take to get a loan approved in London?

The approval timeline can vary. Personal loans might take a few hours to a few days, while mortgage loans could take several weeks, depending on the complexity and documentation required.

What should I consider when choosing a loan agency in London?

Consider factors such as interest rates, repayment terms, customer support, fees, and the agency's reputation. It's important to compare these aspects to find the best fit for your financial needs.

Are there any hidden fees associated with loans from agencies in London?

Yes, some loan agencies may charge processing fees, late payment fees, or early repayment penalties. It's crucial to read the terms and conditions carefully and ask the agency about any potential hidden fees.

What credit score is typically required to get a loan in London?

A good credit score is often required for competitive loan rates. Generally, a score of 700 or above is considered good, but some agencies may offer loans to those with lower scores at higher interest rates.

Can I apply for a loan online with agencies in London?

Yes, many loan agencies in London offer online application processes. This can be a convenient and quick way to apply and receive approval, often with faster processing times.

What are the typical repayment terms for loans in London?

Repayment terms can vary widely. Personal loans might have terms ranging from 1 to 7 years, while mortgage loans can extend from 15 to 30 years. Flexible terms are often available to suit different financial situations.

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