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£3,000 loans

There can be many barriers in the way of getting a £3000 loan, such as having a low credit rating or poor credit history. Whatever reason you have for borrowing such funds, these personal circumstances can prevent you securing the finance you need.

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Representative 39.9% APR

Representative 39.9% APR

Representative example

Borrowing £2,000 over 24 months at Representative 39.9% APR and Interest rate 39.9% p.a. (fixed) with monthly repayments of £116.07 and a total amount payable of £2,785.68 This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 20% APR to maximum 69.9% APR. Loan terms from 12 to 60 months.

How do £3,000 loans work?

A £3000 personal loan can be used to cover all manner of costs, from outstanding bills and payments, to contributing towards essential car repairs, a wedding and many other important expenses. Borrowing money with our one-off £3000 quick loans can even be used to consolidate your existing loans by bringing it all together into one repayment plan.

At Finio Loans we may be able to help, as we offer a £3000 loan for people with bad credit ratings and history, making it possible for you to borrow money to cover those unavoidable expenses. It’s quick and easy to apply, you’ll know your eligibility beforehand which won't affect your credit score unless you continue with the application process. Plus, if you repay the loan on time each month, you’ll be on track to rebuilding your bad credit history.

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Ready for your personalised quote?

Our loans up to £3000 are unsecured loans, so you don’t need to be a homeowner to apply. For your personalised quote, we’ll just need a few personal details in order to provide you with an instant response on your eligibility. From here, you’ll be shown the monthly repayments on a £3000 loan, as well as a breakdown of any interest payments.

Once your loan application is sent and completed, the money could be in your bank account in just a few hours.

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Representative 39.9% APR

Frequently answered questions

Can I borrow a £3000 loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Finio Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for a £3,000 loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your eligibility with us without affecting your credit score. We do soft search credit checks which mean your credit history won’t be affected at this stage. We do soft search credit checks which means your credit file won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator with a few of your details to receive your personalised loan quote.

Can I get a £3000 loan without a guarantor?

Yes. We offer unsecured loans which mean you neither need to secure your loan against your assets nor need someone else to be a guarantor as part of your application.

Can I use a £3000 loan to pay off other debts?

Of course, you can use the loan for things like car finance to home improvements, and debt consolidation can often be a good choice depending on your circumstances. However, we encourage you to work out if consolidation loans financially make sense as sometimes spreading the repayments of a larger amount over a longer-term can mean you pay more interest.

What is the criteria to get a £3000 loan?

As with most loan providers, you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the £3000 loan?

Applying for any loan with Finio Loans is quick and simple and find out if you’re eligible within minutes. After that, once your application goes through the required checks, if you are approved you could have your money in your bank account om just a few hours.

How much will a £3000 loan cost?

Your total amount repayable is dependent on how long it takes you to repay the loan and the APR you’re offered which is based on your personal circumstances, amount and repayment period. As an example, if you’re given the representative APR of 39.9% rate and repay regularly over 12 months, your total cost would be £3,582.12, while 24 months would go up to £4,178.40.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we’ll offer to at least 51% of people who are accepted - it’s not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances.

Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different to the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 39.9% to a minimum of 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What repayment terms are available for £3000 loans?

For a £3,000 loan, you can borrow from 12 to 60 months.