FAQ

  • What does Loans Shelter specialises in?
    Loans Shelter makes it easy for you to find the loan deal you are urgently in need of. We are only a mediator and not a lender or credit broker. Our loan matching services will help you get matched with the lender capable of fulfilling your cash requirement.
  • What are quick loans?
    Quick loans are small loans that can be applied whenever you are in need of quick cash assistance. They are small unsecured form of loans.
  • What are same day loans?
    Same day loans are a short-term loan which requires no collateral and generally offers approval on the same day of applying. The borrowed money is meant to be fully repaid within 15 to 30 days.
  • Who can apply?
    To qualify you need to confirm that you are UK citizen, above 18 years of age, hold an active bank account and earning fixed income every month.
  • Do I need to pledge security?
    Short term loans fall under unsecured category. Therefore, there is no need of pledging any collateral against the borrowed money.
  • Will lenders check my credit report?
    Yes, lenders will run credit checks to establish past credit history of the borrower. Having unfavourable credit does not automatically disqualify an applicant, but can influence the amount of cash received upon approval.
  • What will the loan cost?
    We are not a lender and we do not charge any fee for our services. The terms and conditions of each loan are determined by the lender in our network. You are likely to be charged with higher APRs and fees as small day loans and quick loans are short term loans. Besides, such fees and APR vary among lenders.
  • Is my personal information safe?
    At Loans Shelter we make use of latest encryption technology to ensure that your information remains safe and secure.

We Are A Broker, Not A Lender

The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan through our UK network of leading Payday Loan Lenders and Brokers. The personal, financial and employment information that we collect is stored electronically for the duration of your application and is removed from our system upon acceptance from a lender.

We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayments please do not apply with us in the first place. It is not worth risking your credit rating nor any financial consequences which might result.

Payday Loans are classified by the Financial Conduct Authority as High Risk Financial Instruments and are typically subject to higher rates of interest than those charged by 'high-street commercial lenders'.

Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions.

Any queries or complaints regarding our service should be addressed in writing to this address.

Pervasive Web Solutions is authorised and regulated by the Financial Conduct Authority to carry out Credit Broking: Authorisation Number FRN740122

Authorisation can be checked on the Financial Service Register at https://www.fca.org.uk/register
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk