Loan Application FAQs

We are here to provide text loans in the UK from the best direct lenders regulated by FCA regulations. Hundreds to thousands of Britons apply at our portal for a quick text loan and recover from financial glitches. Our unique and AI-based algorithm helps us make better lending decisions and increase the borrower's chances of loan acceptance.

To review our updated Privacy & Security Policies, please visit: https://www.textloans247.co.uk/privacy-policy.html.

We strive to take extra care to protect personal and banking-like sensitive information. We use robust and modern antivirus, encryption technology, and other safeguards to protect all the shared information shared with us.

When you apply for a text loan, we need your basic information that won't impact your credit score. Usually, our lenders conduct a "soft credit check" to determine whether you are a suitable borrower. Soft-credit check doesn't show on your credit file.

To be eligible for a text loan in the UK, you must meet the following:

• Be at least 18 year or older,
• Must be citizen or permanent resident of the United Kingdom,
• Have a regular income from employment or approved benefits,
• Have a personal banking account in your name in the UK and,
• Email and mobile phone number.

If you meet the above conditions, you may apply here.

Our primary goal is to make the whole online lending process simple and fast. You must complete an online application form, receive an instant decision in seconds, and get funds into your bank account within 10 minutes; simple!

Our text loans range from £50 to £5,000.

Once you submit your loan application, you'll be notified about our lender's decision on your mobile via SMS or email. Always provide an error-free email address and mobile phone number.

Once your text loan is approved, your money will directly transfer to your bank account within 10 minutes. The reflection of the money in your account depends upon your bank.

You can use your text loan for whatever legal personal expense or purchase. There are no usage restrictions from our side.

We offer the service of Autopay, and most of our customers use it and enjoy the convenience of automatic deduction of loan payments on the due date. This facility saves you from late payment penalties.

Yes, you can make early repayment of your text loan at any time without penalty.