Rating based on 55 reviews

Provident Loans

Updated
  • Short-term loans up to £1,000
  • Low-interest starting from 112%
  • Repayment up to 52 weeks

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Provident Loans homepage
Author Provident Loans. Screenshot of Provident Loans website.
[Accessed April 28, 2020]

About Provident Loans

Provident Loans is an experienced credit provider whose aim is to help working families provide for themselves through the provision of short-term loans.

Since its humble beginnings in 1880, people have always been at the heart of the Provident Loans business. They invest in people to make sure they get the best out of what the company has to offer – a better future for UK families.

The best short-term loans in the business

Provident Loans don’t only have the backing of the Provident Financial Group but are also an FTSE 250 company. Their excellent track record in the short-term loans business speaks for itself. They are one of the UK’s leading suppliers of credit to the non-standard lending market.

They have a variety of loan products on offer to the public, including home loans, online loans through Satsuma Loans, and credit cards through Vanquis Bank.

The lender also voluntarily follows the Consumer Credit Association’s (CCA’s) code of practice that sets a standard business regimen for its members. Customers, therefore, have the backing of a reputable, ethical organization that gives them greater peace of mind.

A standard-bearer for short-term loans in the UK

Its unique approach to services makes Provident Loans the go-to short-term loan provider.

Provident Loans is all about convenience when it comes to the best online loans source in the UK. They know customers are pressed for time on a 24 hour day, so they want to give them a hassle-free experience when applying for one of their loans. The loan provider even does home visits to clients once an application has been approved.

Provident Loans is sensitive to its clients’ financial situation, no matter what their circumstances. Provident staff will sit down with clients in the comfort of their homes and discuss their financial needs with them to assess whether they can afford the loan. For quality and training purposes all conversations are recorded and managed during the consultations.

Provident Loans Services

Provident Loans is aware that spare cash is hard to come by in these tough financial times.

So they offer among the best low-interest short-term loans. These loans are offered over a short period and can usually be paid up within a year. If the loan is approved, an agent will go to the client’s home and discuss the merits of the loan with them. The loan payments will be collected from the client every week.

Get short-term loans  

  • Clients can apply for short-term loan amounts of up to £1,000.
  • Interest rates are pegged at 112%.
  • The repayment period ranges from 13 to 52 weeks.
  • There are no hidden fees; what is negotiated with the client is what the loan costs.
  • Bad Credit customers can qualify.

Short-term loans delivered right to the client

Provident Loans doorstep loans, where an agent discusses a loan with the client in the confines of the customer’s home, is a popular concept among their list of clientele. With Provident doorstep loans, there are no hidden charges and no fees for late payments. Customers who have problems in repaying any loan can discuss it with a staff member, who will work out a payment plan for them.

The advantage of this loan is that the client chooses the amount they need for a short-term loan - and the period of payment. The client then proceeds to the online website to check whether the loan has been approved.

If approved, a Provident staff member then visits the client’s home, to collect the necessary documents needed to support the loan application.  The money is paid into the customer’s account on the same day.

Provident Loans – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate from 112%
  • Loan Amount up to £1,000
  • Repayment 13 weeks to 52 weeks

Benefits of Provident Loans

  • Bad credit loan options
  • No hidden fees
  • Flexible repayment options

Short-term loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Get a quick and reliable short-term loan from Provident

Provident Loans believes that a bad credit history should not exclude potential clients from securing a loan with them.

The lender will also help clients who have never owned a credit card or do not have any credit history. Many lenders prefer not to provide loans to such borrowers as there is no evidence to suggest they will be able to pay back the loan. However, this does not apply to Provident Loans.

A Provident staffer will go to a bad credit client’s home to do an affordability assessment before deciding what the best next step would be in the process.

Check out Provident Loans options online

The client can choose the option they prefer from the many loan options to choose from on the Provident Loans website.

An online calculator helps the client select the amount to be borrowed, the period of the loan, and the monthly installments. The period of the loan varies from 13, 26, or 52 weeks.

The online loans process

  • A client must be a UK resident.
  • The client must be between the age of 18 and 74.
  • Mobile no. and home address should be active for the past 3 years.
  • The client must agree to a home visit from a staff member for an affordability check.

Customer Reviews & Testimonials

July 2019

I was so impressed with Provident as I had no credit history and they helped me find a loan that works for me

Allison R
— London —

October 2019

I really needed a short term loan and with Provident I could access my funds immediately and not even leave my house. Thank you.

Trevor M
— Machester —

Provident Loans Contact

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