Affordable loans
You can choose to make your repayments over a period up to 36 months, to suit your circumstances.
Example
Taking a loan of £2,000 on an instalment repayment plan to be repaid over a 12 month period.
You receive funds into your bank account and will start the repayments on the agreed date.
How much can I borrow?
We base the amount you can borrow on your monthly income, plus any other regular monthly income, with a minimum loan of £1,000 up to a maximum loan of £5,000.
Important Note
Late repayments can lead to serious money problems. For debt counselling advice please visit moneyadviceservice.org.uk
Borrow from loans by MAL
We make loan decisions on affordability and creditworthiness
Our loans have a maximum 36 month term
Before you sign the agreement you will always know what you will repay and the terms
Loan FAQs
For our full list of FAQs, please click here
An unsecured loan is not secured on any asset. It does not require a guarantor. Your loan will be confidential in so far that you don’t have to discuss it with anyone, other than us to make an application to borrow from loans by mal.
We base the amount you can borrow on your monthly income, with a minimum loan of £1,000 up to a maximum loan of £5,000. We can lend up to 2x your income. This can include your salary, self employed income and your pension.
No. Your repayments are fixed throughout the term of the loan. This gives you the security of knowing at the outset what you are paying each month.
QUICK & EASY APPLICATION PROCESS
WITH FAST IN-PRINCIPLE DECISION