Loans
Koyo Personal Loans: all you need to apply
Applying for a loan doesn’t have to be a daunting task just because you have a short credit history. Apply today for Koyo and ensure up to £12,000!
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Borrow responsibly, repay efficiently: apply for Koyo Personal Loans
Are you looking for an easy way to get a personal loan in the UK? Apply for Koyo Personal Loans. They might be may be just what you need!
With no lengthy paperwork or long waiting times, applying for a personal loan with Koyo is fast and straightforward. So read on!
Apply for the loan: Online
Koyo Personal Loans are an easy and affordable way to get extra money. If you want to apply for it, you must access their website.
Also, you can use the calculator to see how much you’d like to borrow and how much time you need to repay it. Further, fill out the application form.
It requires the usual information for getting a loan: Your personal information, such as ID, full name, birth date, etc.; contact and address.
Koyo will take one to three days to analyze your application, and they might even call you if they need more information about you.
Once approved, you can complete the application process with additional documents to apply for Koyo Personal Loans and access your funds.
You will be redirected to another website
Requirements
- Be a UK resident for at least 6 months;
- At least 21yo;
- Have a good credit history with no bankruptcy, debt, or frequent late payments;
- You must be employed and have a stable source of income. If you are self-employed and your income varies monthly, you may not qualify for the loan;
- Have a bank account that Koyo can check for your financial history from the last months.
Apply for the loan: Mobile App
Indeed, if you wish to apply for Koyo Personal Loans, you must do it only through their website, according to the previous instructions.
But if you have any doubts about the process, you can call Koyo at 020 3966 4897.
Koyo Personal Loans or Lifestyle Personal Loans?
Lifestyle Personal Loans and Koyo Personal Loans are both excellent choices for borrowing money in the UK.
It all depends on how much you’d like to borrow and how much you’re willing to pay for this loan. Let’s explain their features.
Koyo has higher loan amounts available for you. so if you need up to £12,00, this is your lender of choice.
But if you need only £5,000 and you prefer fixed rates instead of upfront fees and variable rates, then you should opt for Lifestyle Personal loans.
As this decision is not that simple, so take a look at the comparative table:
| Koyo Personal Loans | Lifestyle Personal Loans | |
| APR | Personalized, ranging from around 28% to 36.9%; | Fixed at 49.9% for all personal loans |
| Loan Purpose | Loans for many different purposes: home improvement, debt consolidation, car loans, and any other purpose you’d like to use your money for; | Buy a car, make home improvements, consolidations, or any other purpose you want to give to your loan |
| Loan Amounts | from £3,001 up to £12,000; | From £1,000 to £5,000 |
| Credit Needed | You’ll need a good or excellent credit score to apply for Koyo Personal Loans, even if you don’t have a long credit history; | There is no specific credit score requirement. however, people with recent bad credit histories will not be accepted. |
| Terms | 6 months to 5 years; | From 12 to 60 months |
| Origination Fee | Not disclosed; | No origination fee |
| Late Fee | N/A; | N/A |
| Early Payoff Penalty | There is no early payoff penalty, and you can pay your loan as soon as you want to. | Not disclosed |
If you’re interested in getting Lifestyle Personal Loans, check the following content for a comprehensive application review.
Lifestyle Personal Loans: all you need to apply
From details on eligibility to the necessary documents, this guide will help you easily apply for Lifestyle Personal Loans. Up to £5,000.
About the author / Julia Bermudez
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