Life can often throw up unexpected situations which force us to look for additional cash. If you are faced with a financial emergency, a £3,000 loan could be the ideal option. As a broker we have partnered with a panel of lenders who are able to offer loans of £100 up to £5,000, with repayment terms to suit you. This means your £3,000 loan can be repaid in fixed monthly payments across 12, 18, 24 or 36 months.
Whether you are faced with an emergency, thinking of consolidating debts, or would simply like to make a large purchase, a £3,000 loan could offer the cash you need. There are many reasons why borrowers search for £3.000 loans and whatever your individual reasons, our lenders are here to help.
Here at CashFlex we believe in fair, honest and forward-thinking lending, which goes beyond basing decisions on your credit score. Although your credit history will be an important factor when our lenders consider your application, they will also be considering other factors. The lenders will be looking to see whether you can comfortably afford the repayments and whether you have recently been managing your finances well.
If you have a low credit score and are worried about your chances of being approved for a £3,000 loan, our innovative FastCheck tool will help. The tool will ask a few key questions to gain an understanding of your situation and in just 60-seconds you will be given an indication as to whether you are likely to be accepted. At this stage, there is no credit check, so there will be no impact on your credit score.
If the tool indicates you meet the lending criteria, our simple online application form can be completed in just 2-minutes. We will need to know your contact details, address, income information and loan requirements. Your details will then be sent across to up to 40 eligible lenders who will analyse your information and complete a soft search of your credit file, without leaving a mark on your report.
If a lender indicates a strong chance of approval you will be redirected to their website, where they will complete a final hard credit check. Although this will leave a footprint on your file and it can seem daunting to have a credit check carried out, at this point, you will be matched with a lender who has indicated that you meet their eligibility criteria.
If you have a poor credit history and are looking to secure a £3,000 loan, you may be asked to provide a guarantor. The guarantor will need to co-sign the loan agreement, which will make them jointly responsible for the loan. This means if you are unable to make a payment, it will become the guarantor’s responsibility to make the payment. This can have serious implications, so you should ensure that you can afford the repayments before potentially impacting your relationship with a close friend or family member.
As the lender will be looking to reduce the lending risk, there are strict eligibility criteria that the guarantor will need to meet. For example, they must be aged over 18 with a UK bank account and be also be a UK resident. They will need to undergo a hard credit check and ideally, they should have a good credit history.
If you have other outstanding debts, you may be looking for a £3.000 loan to consolidate these. By consolidating your debts into a single monthly payment, your debts could become more affordable and manageable. If you have multiple outstanding debts, it can be hard to keep track of repayment amounts and dates. Instead, a consolidation loan can be used to repay your existing debts, leaving you with a single repayment date each month.
The £3,000 loan could leave you with smaller payments each month, however, it is worth remembering that this will extend the overall term of your borrowing and you may end up paying more interest overall. Although depending on the terms of the £3,000 loan compared to existing debts, you may pay a lower interest rate. It is important that you read through the terms carefully and ensure you are able to comfortably meet the repayments, before taking out a new loan.
As a broker, we can provide you with access to up to 40 potential lenders who are regulated and authorised by The Financial Conduct Authority. Our services are completely free of charge to you and there is no obligation to accept a loan quote. We simply pass your details across to a panel of potential lenders to help you find your £3,000 loan quickly and easily.
Instead of scouring the market to find a lender likely to approve your application, you only need to complete one application on our website. Not only will this save you time, it will also minimise the negative impacts on your credit report when applying for a loan. As you only make one application, you will only have one hard credit check recorded on your file, in comparison to multiple checks if you apply to many lenders directly.
If you are approved for your £3000 loan today, the funds could be sent to your bank account in just minutes*, although availability will depend on the processing speed of your bank. The loans we provide are designed to be simple and quick to apply for, however, you should always consider whether you can comfortably afford the repayments. If you are already struggling financially, it may be difficult for you to make the repayments on a new loan.
If you would like to discuss your financial situation with an impartial organisation, the following offer free advice; The Money Advice Service, Step Change, PayPlan, National Debtline, the Debt Advice Foundation and Citizens Advice.
Try our FastCheck tool with no impact to your credit score
Our new tool allows you to calculate your chance of being accepted for a loan.
You are age 18 and a UK resident
You have a regular income
You have a valid UK bank account with an active debt card
Why choose us
Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.
The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £5,000
This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.
Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.