Yorkshire Bank Personal Loan

Shop around and looking for personal loans that have a low or fixed interest rate. Some financial institutions offer short-term loans for less than one year. Some of the reason’s people like to apply for loans are to make a large purchase, pay off their debts, or just have ready cash at their fingertips.

How Much Money Can an Applicant Afford To Repay?
Calculating a monthly payment client can afford, making the payments on time, and with enough time to paying back the money that is reasonable.

What are the Requirements to Apply for a Loan ?
The financial institution wants proof of clients creditworthiness.
* They need four pay stubs for proof of employment.
* Their lease and rental receipts are proof of residence.
* Homeowners need the proof of ownership and mortgage payments.
* The payments for other monthly expenses that are reported to have been paid on time.
* The country’s top credit agencies give a favorable rating between six hundred and nine hundred.
*You can borrow up to £35,000 and have opportunities to repay it over 1 to 5 years.

As an representative example, If an applicant decided to borrow £25,000 pounds with a monthly payment of £727.66 for 36 months. Their fixed Annual Percentage Rate or APR interest rate is 3.1%. The interest for the £25,000 pounds is £1,195.63 pounds. They will pay back the lender £26,195.63 pounds.


You can apply a loan in just 15 minutes via online. If you have further questions you may come and visit us in our branches or if you prefer to talk to someone you may call on 0800 707 6471. Calls from foreign countries could be done via +44 141 951 7320.

What are Short Term Loans?
Financial Institutions offer short term loans for 12 months or less. They are commonly used for paying rents, car repairs and hosts of other uses. The amount of £1,000 has a monthly payment of £92.22 over a 12 month period at a fixed Annual Percentage Rate of 20.9% and you have repaid £1,106.62 pounds.