Rating based on 31 reviews

Likely Loans

Updated
  • Debt consolidation up to £5,000
  • Low-interest starting from 59.9%
  • Repayment up to 36 months

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Likely Loans homepage
Author Likely Loans. Screenshot of Likely Loans website.
[Accessed April 25, 2020]

About Likely Loans

Likely Loans began in 2014 and is based in Nottingham, United Kingdom.

It is fully owned by Oakbrook Finance and provides unsecured personal loans for individuals who find it difficult to obtain credit. Likely Loans believe that people should be able to access affordable loans, despite their circumstances. Therefore they offer a wide range of loans for UK citizens which include debt consolidation loans.

Top financial service awards

Oakbrook and Little Loans are used as trading names for Oakbrook Finance and registered in England and Wales. They are the proud winners of several awards which include the Consumer Credit Award in 2019, Non-mainstream Loan Provider of the Year in 2017 as well as the winner of the Alternative Lender of the Year award. 

Know if you will be approved

Likely Loans do not believe anyone should apply for a loan not knowing whether they would be successful or not. Therefore they also believe that customers always need to know what they are paying as well as know if they would be accepted before the application process has started. Likely loans offer fair loans to individuals who are in desperate need of finances. Using their simple online application form you can check your eligibility for a loan.

Likely Loans Services

Likely Loans offers a wide range of loan options.

Having several options when it comes to a loan, allows you to access the best loans for your financial situation. Whether you require a personal loan spread over a longer period, a bad credit loan, or debt consolidation, Likely Loans has an arranged loan option to fit your needs.

Unsecured debt consolidation loans

Unsecured means that there is no need to secure your loan, no worries about having a cosigner or needing to put your vehicle down for security. Likely Loans focus on helping people with bad credit to secure a loan for themselves.

Debt consolidation loans

Likely Loans are aware of the challenges that can occur from having multiple debts that need to be paid. It often requires a lot of time and effort to manage regular repayments to different lenders. Therefore some existing loans can prove to be costly due to high-interest rates. 

By taking out a debt consolidation loan from Likely Loans, you can combine all of your debts into one single loan. This means that you will only have a single payment and a fixed interest rate. This will help you manage your debt more effectively.

Likely Loans – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 59.9%
  • Loan Amount up to £5,000
  • Repayment 12 months to 36 months

Benefits of Likely Loans

  • Loans are paid out on the next day
  • Consolidate your debt into one affordable payment
  • Get access to lower rates

Receive an email to confirm the status of your application in 24 hours

Likely Loans offer finances for bad credit from £500 to £5,000.

The loan can be reimbursed for 12 to 36 months. Which gives you substantial options for consolidating your debt. Their repayment process is simple. There are no additional fees to pay and applying for a debt consolidation loan couldn't be easier

Three simple steps to follow

  1. Give more information about yourself
  2. Receive immediate feedback.
  3. Collect your money the next working day

Likely Loans, your best option

It is extremely frustrating to go through the whole process of applying for a loan only to be declined. With Likely Loans, you will know if you'll be accepted before you apply. Applying for a loan with them will not affect your credit score.

By using the application process on their website you can check if you are eligible for a loan. This information will stay confidential and will not be visible to any other lenders or on your credit file.

Apply at Likely Loans

Likely Loans will not turn you away because of your bad credit rating. As long as you have a UK credit history and have not filed for bankruptcy in the last 12 months, you are eligible for a loan. There is no requirement which states that you should be a homeowner. As long as you are a UK resident it does not matter if you are a homeowner or renter.

Easy payment structure

When your loan is processed, Likely Loans will automatically set you up with a Direct Debit schedule. Although they also offer alternative payment options if you are unable to use their method.

  • Payments line. You can now use their free payment line 24 hours a day, 7 days a week, to make payments telephonically. Payments made using this method will reflect on your account the same day.
  • Online payments. You can make a secure online payment at any suitable time by simply logging into your online account.
  • Bank transfer. A direct transfer can be made to the Likely loans account. Always remember to use your account number as a reference.

If you are in a position to repay your loan in part or full, they will not charge any early repayment fees. Only interest as permitted will be charged.

Quick and easy pay-out

Once you have submitted your application online, you will immediately be approved or declined. In the likely event of your application being approved, Likely Loans may ask you to send them some supporting documents. Additional documents are required if they need to verify identification, current address, or income. To complete the process as quickly as possible all supporting documentation can be uploaded online as well.

Customer Reviews & Testimonials

November 2019

Professional friendly service when I needed it most

P Winsley
— Manchester —

May 2019

After being turned down numerous times by other lenders I did not hold out much hope of success. The loan was a life-saver in a time of great need

K Sutton
— Winchester —

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