How Our Online Loan Brokering Service Works

Get a loan today… paid out by *

✓ 100% Free Quote

✓ Instant Decision

✓ Secure Application

Representative 277.5% APR Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.

Home » How It Works

You can borrow money using Serpable loan introducer service in 3 simple steps!

Select how much you would like to borrow and how long for.
Fill out the easy to use form.

It has never been easier to apply for cash loans. You can apply for between £100 – £25000* from Monevo’s panel of lenders. The lender will usually deposit the money into your account within the hour.** They will normally only ask that you are a UK resident aged over 18 and are employed in some way (part-time employment is fine), and can pass a credit check.

Our website operates 24/7/365 days per year.

**the time it takes for your to receive your funds may vary and will depend on your chosen lender, their processes and procedures, and whether your bank allows faster payments

PickALoan's Frequently Asked Questions

Can anyone apply for a loan?

To apply for a loan in the UK, you must:

  1. Have a valid UK bank account.
  2. Have an income.
  3. Be a UK resident.
  4. Be 18 years old, or above

What information do you need for my loan application?

Our applications will ask for your:

  1. Personal details, including contact info
  2. Bank account details.
  3. Income details.
  4. Outgoings/expenses information.

What is Auto Decisioning?

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

This is because our lenders all use this, and we have to be clear and transparent, there is NO requirement for this to be prominent at all.

Can I apply for a loan if my credit is less-than-perfect?

Yes, you can apply.

A less-than-perfect credit score or credit history does not mean you are prevented from qualifying for a loan. Here at PickALoan, we understand that a credit score is easy to damage but that it may take time to repair, this is why we won't be refused on past credit mistakes. We use a huge variety of criteria so we can evaluate you and your needs, including credit scores, recent borrowing and circumstances. So even if you have had trouble with applying for credit before, we may be able to approve you for a loan.

Will I have to provide a guarantor?

No, a guarantor isn't always needed.

Here at PickALoan, we understand that each and every one of our customers is an individual and the criteria that work for one may not for another. So we offer a huge range of loan types so that our customers can find a loan that suits them and their situation. So some loans will require a guarantor but others won't, were here to help you.

How much can I borrow?

Here at PicALoan, we offer loans from £100 to £25,000. The amount you can borrow will be dependent on each customer's personal circumstances as well as affordability checks and credit checks.

What can I use the loan for?

A personal loan can be used for any personal financial needs, for example, a wedding, a new car, a holiday, home improvements, debt consolidation, or much more.

PickALoan does not currently offer business loans, so the loan cannot be used for business for purposes such as; investments, VAT or tax bills or for any business illegal fees.