The Loan Ranger offers short term loans and payday loans which are repaid in convenient, stress free and equal monthly payments to deliver the foremost payday loan service available to consumers on the market.
We are regulated by the Financial Conduct Authority and as such, our criteria for lending forms the basis of our commitment to fair and responsible lending practice.
- Over 18 years of age
- Permanent UK resident
- Employed and take home £750 minimum each month
What checks are undertaken?
All loans from the Loan Ranger are subject to strict affordability and credit checks to make sure the applicant is suitable for a loan. Very often if these are not undertaken, students and people with poor credit may apply and get into a cycle of debt. Our checks are undertaken in the strictest of confidence and assess your ability to repay the loan.
First of all our application process is fully online and takes just moments to complete. Once you have filled in the application form, one of our team of underwriters will perform the relevant checks and may request details of employment and income such as wage slips, banks statements and other such supporting evidence to accompany your loan application.
The Loan Ranger works with Equifax and Lending Metrics to ascertain your credit score and suitability for a loan. These give an idea of the history of the applicant and their repayment ability including older contracts and loans, their repayments, mobile phone contracts and credit cards etc.
How is Your Credit Score Affected?
When you apply for a short term or payday loan, the type of checks we do leaves a footprint on your credit file. This means that our tests and checks will show up but will not affect the credit score itself. The footprint takes around 12 months to disappear from your file.
It is essential you do your research and ensure you meet the criteria and have the ability to repay your loan. Missed or late payments can result in fees and will adversely affect your credit score.
Responsible and fair lending
Regulated by the Financial Conduct Authority (FCA), the Loan Ranger is dedicated to providing financial products and services which consider the circumstances of every applicant. Therefore we do not provide loan s if you have poor credit or we believe you may struggle with the repayments. We run strict credit checks to adhere to the FCA’s guidelines and ensure the best interests of both parties.
The Loan Ranger is committed to fair and responsible lending. As such we advise you to conduct research on alternative sources of funding prior to taking out a payday loan. Payday loans have a short duration and high APR and as such are best suited to emergency situations and where possible, other avenues for funding should be explored before considering a payday loan. Please see our alternatives to payday loans page for more information.