If you have been researching personal loans for a while now, then you must be tired of always coming across the exact same problem.

Loans focus a lot on those who need super high amounts, leaving you in the lurch, don’t worry, the Vanquis Bank personal loan goes in a completely different direction.

Want to find out more about what exactly this means? Perfect, because that’s exactly what we’ll show you in this article, so don’t miss a single line.

Why we recommend Vanquis Bank personal loan

Most loans have the same target audience, being customers who need the highest amounts when applying for a loan, which is valid for any objective.

However, not everyone needs high amounts, in some cases all the client wants is a small amount that will serve to eliminate minor headaches.

But they can also be used to help you finally make possible those short-term goals that you can’t get out of your head.

In the Vanquis Bank personal loan, the amounts reach up to £10,000.00, which may seem strange to some people.

After all, many financial services like this have this value as a minimum, while here this is the maximum value available for request.

However, remember that this is exactly the purpose of the loan, so this can even be considered an advantage of the credit offered by Vanquis Bank.

What can I use the Vanquis Bank personal loan for?

With such low values, even if we consider their maximum value, it is important to answer a very important question: how can it be used? The answer is simpler than it seems.

Once you put out of mind extravagant uses, where huge sums are the minimum needed to bring your projects to life, everything starts to make more sense.

If you still don’t have anything in mind, then check out the main ways to use this personal loan below.

Room decoration

What we find beautiful in terms of decoration is something that changes a lot from time to time, so you should keep in mind that at some point you will get tired of your furniture and decorations.

To do this, it is not necessary to spend as much as would be necessary to furnish or renovate a house from scratch, even the minimum loan amounts will be very useful.

Especially if you’re not going to change much in your house, painting the walls a different color, or making small renovations.

However, even if you are feeling more creative and planning slightly bigger changes, this credit is still an efficient way to have funds for the decoration network.

Especially if you are thinking about buying new furniture and appliances, or modernizing your home with virtual assistants and more technology.

Maintenance or customization of your vehicle

Just as at some point you get tired of the look of your home, whether it’s the interior or exterior, this also applies to your vehicle.

At some point, it will require changes to its appearance or repairs to keep it working. Remember that if you don’t take care of your vehicle, it won’t take care of you either.

Installing accessories to give your car your own style, a new set of wheels and a spoiler are costs that fit perfectly into the budget for this loan.

But we can also use the same loan to get your car out of the garage and back on the road, no matter how bad its condition is.

Depending on how much your car needs help, maintenance costs can be quite high, but nothing that goes beyond a budget of £10,000.00.

Advantages of Vanquis Bank Personal Loan

Once you have finally found a loan whose bank has your needs in mind, you may be eager to apply for Vanquis Bank personal loans.

However, this is not recommended at all, unless you want to have a complete experience with the personal loan in question.

To do this, it is essential that you know the main strengths of the personal loan offered by Vanquis Bank.

Check out a list of the biggest benefits below and understand what will be available to you:

• Lower values ​​for small projects
• Online application 
• Faster approval than higher loans
• Easier requirements to meet
• Flexible payment terms

Disadvantages of Vanquis Bank Personal Loan

Given the main feature of the Vanquis Bank personal loan, you can already imagine what its biggest disadvantage would be.

As you may already suspect, this loan is not suitable for plans that require high amounts and can be difficult for those looking for medium amounts.

Therefore, its use ends up being very restricted to small projects or to meet the credit demand of beginner customers.

Therefore, if you are looking for a loan that will not only cover lower costs, this is certainly not the right option.

How credit analysis is done at Vanquis Bank

Credit analysis for Vanquis Bank personal loans is much simpler than for personal loans with higher amounts.

After all, with much lower values, the target audience in general is beginners, who do not meet such strict income or financial history requirements.

In this sense, your credit score does not need to be so high, just as your credit history does not need to be perfect.

However, it is still important to have a reasonable Score and preferably not have any defaults in your credit history.

Is there a maximum and minimum amount for a Vanquis Bank personal loan?

But after all, is this a loan with a fixed amount of £10,000.00? Not at all, this loan is completely customizable.

It is possible to choose values ​​between $1,000.00 and $10,000.00 Pounds, with installments of 1 to 5 years, being excellent terms for those who need super cheap installments.

Want to apply? Learn how to get a Vanquis Bank personal loan right here

To learn how to apply for a Vanquis Bank personal loan, click the button below and check out how the credit application steps work in the next article.