Yes Loans Review - Is It A Good Loan Company?

Yes Loans is a UK-based loan broker with a number of loan types including payday, guarantor, unsecured and short-term loans. They mainly cater to the bad credit section of the loan industry and rarely say no to applicants.

Their loan amounts value widely, and for their payday loans they can secure for you any amount between £80 and £1500. And their unsecured loans range from £500 and £10,000 and they don't secure it against your property.

As a broker, they link your application with their panel of lenders and you get a decision instantly. And the best part is Yes Loans don't charge a fee for their service. They only receive a commission from one of the listed lenders when your loan is approved. So overall, the chances of a total refusal on your application are slim, as long as you meet their simple eligibility requirements.

To qualify for a loan through Yes Loans, you need to meet the following minimum requirements:

• be fully employed with a weekly wage or monthly salary
• earn at least £650 per month
• have a driving licence or passport
• have a utility bill
• be a UK resident

Yes Loans has received many positive reviews online and a few negative ones too. And you can find many of these customer reviews on reputable comparison sites which feature other lenders and brokers too. Because of this wide-ranging service, Yes Loans has become a popular loan site in the UK and has even become bigger than many of the lenders they represent. So this is a testament to the good service they provide, which has helped millions of users online.

There are pros and cons associated with Yes Loans and we've included some of the most prominent ones below:

Pros

1. Yes loans have one of the best websites in the loan industry. It is packed with information and includes FAQs, clear instructions and a wealth of information on the unsecured loan and bad credit loan industry.

2. They send your application to a range of reputable lenders and you get to choose the one that best meets your needs. If they fail to secure a loan for you with one of the other lenders, they immediately, with your approval, send your details to another loan broker.

3. You can borrow up to £10,000 through Yes Loans, which is far higher than what most brokers can secure for you.

4. You can also apply over the phone if you prefer to speak to one of the agents

5. They have a call-back service

Cons

1. Many of their lenders will require you to send proof of your identity and residence which will slow down the application process.

Summary

Yes Loans is one of the leading loan brokers in the UK. They also assist people looking to make serious purchases like a car when they cannot secure funds from a mainstream lender. And they also assist their customers build their credit history and manage their loans successfully.

At Payday Loans UK you can compare payday loans to find the right one for your financial needs. We also have a Yes Loans review which includes more details about this leading loan broker.