Loans for Young People
If you are a young person who has never taken out a loan or even used a credit card before, borrowing money may be intimidating and it can be difficult to secure the finance you need due to an initial poor credit score and little to no financial history. What’s more, loans for young people with poor credit history can also be just as hard to come by, but luckily there are options out there.
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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 39.9% APR to maximum 69.9% APR. Loan terms from 12 to 36 months.
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How do loan for young people work?
Young people take out loans for all kinds of things including for mobile phones, laptop repairs or even career development courses and training. One of the most common reasons is for a car, whether that’s the initial purchase, getting the car insured or affording unexpected repairs. Not everyone has family and friends that can and are willing to help out financially with these things, which is exactly where Finio Loans step in.
Finio Loans can offer fast loans specifically for young people, as well as loans for young people with bad credit or no credit history.
Why Take Out a Young Person’s Loan?
Whatever the situation might be, whether it’s an unexpected bill, or emergency repairs to a car, we could provide a loan to help young people in such circumstances. In addition to this, young people could make the most of the advantages of taking out such a loan like:
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Check your eligibility before you apply and get an instant response
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Manage and repay your loan online
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Repay your loan early without penalty fees
Get a Quick Loan Quote Today
You can apply online to get a quick personalised quote if you’re interested in securing one of our loans for young people. All you need to do is tell us a bit about yourself by entering your details and we’ll give you an instant response on your eligibility. If your application is successful, we aim to pay your money into your bank account the same day you are approved. During busy times, it may take up to 5 working days.
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