Pounds to Pocket Loan Alternative
If you are dealing with an emergency situation and feel confident that borrowing money is the only option to cover an unexpected expense, it’s time to shop around for a lender. Now that Pounds to Pocket has gone into administration, you may be looking for an alternative to this lender.
At BingoLoans, we offer great short-term lending solutions that could help you now that Pounds to Pocket are no longer providing loans.
Eligibility for loans from BingoLoans
BingoLoans operates on the same basic eligibility criteria that Pounds to Pocket used when they were accepting applications. To apply for a loan with BingoLoans, you must be at least 18 years old, live in the UK and have a bank account. You’ll also need a mobile phone and agree to a credit and affordability check.
This ensures you can comfortably afford to pay back what you owe, lowering the risk of financial difficulties later. If you tick all these boxes then you can apply for a loan with BingoLoans, however, being eligible doesn’t guarantee that your application will be accepted.
BingoLoans loan example
We offer different sized loans to help you out in your time of need. Our loans range from £50 to £1,500 with repayment terms determined by the amount you borrow. We’re able to help cover a variety of unexpected costs and a range of different short-term financial needs.
Our loan calculator has been designed to show you how much a loan from BingoLoans could cost you overall. Use the sliders to change the loan amount, to help you work out what you can afford to borrow.
Representative example: Borrow £300 over 3 months @ 292% pa (fixed) Total repayment: £457.95 in 3 monthly payments of £152.65. Representative 1261% APR.
Even though your repayment period will be fixed accordingly to the amount you borrow, you can use the calculator to see how much less you’ll pay in interest if you’re able to repay early.
Benefits of a BingoLoans loan
We offer complete transparency with our loans, and we don’t hide any costs from our customers. When applying for a BingoLoans loan you’ll know exactly how much you are borrowing from us. As well as what you will be expected to repay. Unlike some other loan providers, we don’t add late repayment fees to the amount you borrow.
Applying for a Short Term Loan
Want to apply for a loan from BingoLoans? You can apply for a short-term loan online, you’ll receive a decision in minutes and your money is usually transferred to your bank account within a few hours.