What Is A Small Loan?
Not every loan has to be for an excessive amount of money; in fact, it’s often quite the opposite and we just need a small amount of money to help us for a short period when we’re in a tight spot. At buffa we offer small loans of between £100 - £1,000 for when you need a little bit of extra cash to get you through the month or to cover an unexpected emergency. If you do find yourself in a position where you require a little bit of financial assistance, a small loan might be the solution for you.
To be approved for a small loan, you will need to be a UK bank account holder over the age of 18 who has a regular income. This is important because you should only take out a small loan if you can afford to keep up with the repayments.
This is the most important consideration when deciding whether to take out a small loan – can you repay it in the agreed time and make the necessary repayments on time? If the answer is yes, then a small loan could be just right for you.
We strive to help anyone who needs financial assistance, so we are able to offer small loans to people with a poor or limited credit history. Our flexible repayment options also make it easy for you to make the repayments suit your situation and our black and white approach means there’s no nasty hidden surprises and no unexpected fees or charges.
How To Get A Small Loan
Small Loan FAQs
See our small loan FAQs below. If you can’t find the answer you are looking for, please feel free to contact our friendly UK based team today and they’ll be happy to help with any questions you may have.
In order to be approved for a small loan from buffa, you must have a regular source of income via full or part-time employment. We will always review every application based upon the individual circumstances of every applicant but having some form of regular ongoing employment will be a key criterion that we use when assessing every individual application.
Potentially, yes. At buffa, we treat every applicant as an individual and assess every application in the same way. So, if you have a poor or impaired credit rating, you could still get accepted if you can provide sufficient information that leads us to be confident that you will be able to make the necessary loan repayments.
Potentially, yes. If you have a limited or no credit rating at all, some lenders will not be able to offer you a loan. However, at buffa we will consider every loan application on its own merits and in some circumstances can offer loans to people who unfortunately do not currently have an established credit rating.
Taking out a small loan and making all of the necessary repayments on time could have a positive effect on your overall credit rating. If you want to improve an impaired or limited credit profile, then taking out a small loan and making all of the necessary repayments on time is potentially a positive way to help you to do this.
Why Choose buffa?
Loan Decision Instantly
We won’t leave you waiting to find out whether you qualify for a loan from us. Get an instant indicative decision to advise whether we accept, reject or need to conduct further checks relating to your application.
No Impact on your Credit Score
Complete your buffa loan application safe in the knowledge that it will not impact your credit score. We’ll give you an initial decision with absolutely no obligation on your part.
Transparency with No Hidden Fees
We pride ourselves on being upfront and honest about our loans, so you’ll know exactly what you’re expected to pay back and by when before you agree to take the loan. When we say no fees, we mean it. No late repayment fees, no loan arrangement fees and no hidden charges. Ever.
Flexible Repayment Options
Because our loans are fully flexible and designed to suit your individual circumstances, you can repay at any time. So, if you want to make early repayments or overpayments against your loan to make savings on the overall interest charges, that’s just fine. Or if you prefer the certainty of knowing how much you need to repay each time, on a fixed repayment date each month, that’s just fine too. It’s your loan so you can repay your way.
Bad or Impaired Credit Considered
We strongly believe that nobody should be held back from leading their life by a bad or impaired credit history. We will consider all loan applications on their own merits and will always do our best to provide you with a loan, regardless of your credit history.
Money Paid in Minutes
Need your loan in a hurry? Once approved, money will be in your account within a matter of minutes. No delays, just quick and simple access to your money.