We all experience unexpected expenses from time to time — whether it’s a surprise car repair or emergency home maintenance, it’s a stressful position to find yourself in.
If you’re looking for cash to plug the gap, our 36 month loans could be the solution. Borrow up to £5,000† and repay over 36 months. Use our free service and we'll search our panel of lenders in minutes to find you a suitable loan offer.
As you might have guessed, a 36 month loan is a short-term personal loan you can borrow over a period of three years (or 36 months). You should only seek out a loan like this if you’ve exhausted all your other financial options, i.e. lending money from friends or family or selling items you no longer use.
Applying for a short-term loan is never the cheapest option, but if you’ve got nowhere else to turn, they could provide you with an essential line of credit.
If you meet the below basic criteria, there’s a good chance you’re eligible to apply for a 36 month loan. It’s important to be aware that different lenders can have slightly different lending criteria, so please just use these points as a guide.
Short-term loans are accessible to many borrowers, including those with bad credit. So if you’ve got questions about your eligibility, we’re here to help. Just drop us a message, and we’ll get back to you.
You can borrow up to £5,000† and repay over a 36-month period. How much you can borrow will be determined by your credit score and your monthly income. Lenders will want to make sure you can easily afford to repay your three year personal loan in full with interest.
Remember: Before you apply for a short-term loan, make sure you can easily afford to repay, alongside any other monthly expenses you might have. If you’re struggling with debt and need impartial free debt advice, you can visit Money Helper.
Yes, you can still apply for a 36 month loan with bad credit — this is because lenders will consider each application on a case-by-case basis. Although we work alongside many lenders who accept applications from borrowers with poor credit, you should always look to improve it where you can.
Improving your credit score, even slightly, can increase the chances of lenders accepting your application. Even just ensuring you’re on the electoral roll can help boost your credit score, but you can read more tips for improving your credit rating here.
A guarantor is someone who agrees to repay the loan if you default or are unable to repay it. So, if you’ve got bad credit, the lender might want the extra protection of a guarantor, but it’s not always necessary.
Whether you’ll need to provide one or not will depend on the specific lender, but it’s always good to know that a three year guarantor loan could be an option for you when securing the cash you need quickly.
No, lenders will always perform a credit check, regardless of how much you’re borrowing or the type of loan you’re applying for.
ThisLender does not perform a credit check. When you apply for a free quote through our platform, lenders will perform a soft credit check to initially determine affordability. If you accept the quote they offer, only then will they perform a hard credit check.
A soft credit check doesn’t show up on your credit report to other lenders, it’s just a top-level view of your financial history. It helps them figure out whether to pre-approve your loan or determine which loan deals will be best suited for you.
There are two ways to apply for a loan through a direct lender. You can apply directly through the lender’s website, or, to ensure you don’t miss out on great loan deals, you can use an online loan matching service like ours to compare lenders and find a suitable loan offer for you — it’s quick, and it’s 100% free for you to use. No broker fees, no obligation to accept the quote — simple.
With so many alternative lenders out there, manually comparing lender deals is time-consuming. Save time and get your quote today — apply now.
Providing there are no problems with your application, and it’s processed quickly, you could receive funds in your bank account the same day or within 10 minutes² after approval. After all, these short-term loans are designed with speed in mind to cover emergencies.
We’re a credit broker, meaning you can use our comparison tool free of charge. We don’t charge any fees, and you are under no obligation to accept any quotes or deals from the lenders we work with.
All the lenders we work with are based in the UK and are regulated by the Financial Conduct Authority (FCA). We solely exist to help you whittle out the best financial deals for your needs.
If you’re not sure if a 36 month loan is right for you, don’t worry, we have plenty of other loans available to our customers. From one month loans to three or six month loans, there’s a loan out there to suit your specific needs.
If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.
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Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
We are a credit broker, not a lender.
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