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 term 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 finance 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 regular 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, and provide them with a short term solution to their financial worries. 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, rates 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, and will improve the eligibility of you as an applicant to receive a small loan from Buffa.
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. For additional tips on managing your credit card rating, you can view our Debt Advice Hub here.
Why Choose buffa for Small Loans?
Small Loan Decisions Instantly
We won’t leave you waiting to find out whether you qualify for a small loan from us. Get an instant, indicative decision the same day as your small loans application to advise whether we accept, reject or need to conduct further checks relating to your personal application for small loan funds.
No Impact on your Credit Score
Complete your buffa small loan application safe in the knowledge that it will not impact your credit score. We’ll give you an initial decision after you apply online, with absolutely no obligation on your part to borrow with us if approval is granted.
Transparency with No Hidden Fees
At buffa, we believe that the best way to conduct our business is to be honest. We pride ourselves on being a responsible lender that is upfront and honest about our small 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 with our small loans, we mean it. No late repayment fees, no loan arrangement fees and no hidden charges. Ever.
Flexible Repayment Options
Because our small loans are fully flexible and designed to suit your individual circumstances, you can repay the money owed 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 and your funds, 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 small loan applications on their own merits and will always do our best to provide you with a small loan, regardless of your personal credit history.
Money Paid in Minutes
Need your small loan in a hurry? Once approved, money will be in your account within a matter of minutes. No delays; our quick and simple process means you’ll receive access to your money as swiftly as possible.