Online Loans

£50 - £2,500 paid out by 10:33am

How much would you like?


Representative 305.9% APR

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
*Omacl will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

Online loans and Lenders – Who Can you Trust?

There are many companies online these days offering loans. If you do need a loan, then it can be quite confusing knowing which of the lenders are worth considering. We do hear tales in the press about people having trouble with online companies and so it is natural that we may feel worried about using them. There are things that we can look out for though, to see that the companies are trustworthy thus enabling you to find the best payday lenders.

Check their SSL Certificate

You may or may not be familiar with what an SSL certificate is. It is something that can be bought by companies, to offer protection to their customers. There are different levels of protection and companies will buy the one that they feel is necessary for their business. To find out this information will depend on the browser that you are using but it is best to look for a padlock symbol, which is normally near to the address bar and click on that and it will give information about the site and the security. The lowest level of protection will allow you to see who registered the domain name and you can check that the company is the same as the one who owns the site. Higher levels are used by companies that deal with finance, to make sure that the information is encrypted and you want to ensure they have that if you are sending personal details. Having a https:// address is a sign of security too.

How much would you like?

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Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

Examine Website

It is worth having a through read of their website. Check for things that may make it stand out as being untrustworthy. If there are lots of spelling mistakes and grammatical errors, then this could be suspicious, although most websites have some typos. Time limited offers can be suspicious too, they may be forcing you to make a quick decision so that you do not have time to properly investigate the company and the deal. Genuine offers would not rush you to make a decision that quickly. If the deal just seems so much better than any other, then you should wonder why. Perhaps it is just not as good as it seems. It is worth looking at other lenders websites and seeing how they compare and whether there are any that just stand out as being suspicious.

Read Reviews

You may be able to find reviews of lenders online. This can be a useful thing to search for as it will give you an idea of what other people think of them. It is true that people are more likely to give a bad opinion than a good one, as we feel more inclined to comment if we have had a bad experience. Therefore you will probably find that there are some bad reviews for all lenders that you find. However, it will still give you some idea as to what they are like and you will be able to decide whether you think that you would like to deal with them.

Ask Friends and Family

If you have friends or family members that have used online loans and lenders then it is a good idea to ask them who they used and what they thought of them. They may be able to make recommendations or tell you companies to avoid. They are one of the best resources as they have no reason to be biased and will want to protect you from being ripped off by a scam company. Some services are also designed for students.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £2,500
No hidden fees
Chance of getting approved?
High approval
What are the repayment terms?
3 - 18 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
Easy repayments

Look on Money Forums

If you have no one to ask or perhaps feel embarrassed admitting that you are looking for this sort of loan, then try searching on money forums. These will have financial discussions about all sorts of things and online lending is bound to be something that they will bring up at one time or another. It can be useful to know what others think, but do check the dates on their comments, as things will change over time and if they are more than a few years old, they will be unlikely to be relevant now.

Use a Comparison Website

There are some websites which will compare bad credit lenders and let you know which will be the best for your needs. These companies, such as Omacl, will take some details and then find a lender to suit you. They will check that the lenders are trustworthy first as they will want to make sure that they earn money from them in commission for suggesting them.

Warning: Late repayment can cause you serious money problems. For help, go to Omacl is a broker, not a lender, and does not make credit decisions.