New Horizons Loan Alternative

Apply For Up to £5,000 *

Representative Example:

  • Loan amount £200 for 35 days.
  • Payable in One total repayment of £256.00
  • Interest charged is £56.00,
  • interest rate 292% pa (variable).
  • Representative 1212% APR.

Select an amount

  • No Hidden Extras
  • Simple Application Process
  • Safe & Secure

Representative Example:

  • Loan amount £400 for 90 days.
  • Payable in 3 monthly instalments of £187.31
  • Total amount repayable £561.92
  • Interest charged is £161.92,
  • interest rate 161.9% pa (variable).
  • Representative 305.9% APR.
Warning: Late repayments can cause you serious money problems. For help, go to

New Horizons Loan Alternative

New Horizons Loan Alternatives: Having Great Choices for Your Immediate Financial Needs


In today’s modern world, loans are part of most people’s lives as a remedy for urgent financial problems. As much as we try to make ends meet, there will be times when pinching pennies just won’t be enough and we have to seek help. Financial emergencies can be stressful, but it’s good to know that there are financial institutions like New Horizons who are more than willing to help you have access to a convenient short-term loan.


However, most financial institutions do not offer the same rates and are not flexible with the payment terms, so people often try to find loan alternatives that would best fit their current needs. If you are looking for alternatives to loans such as those from New Horizons, as a broker we can help you find the best service provider to meet your specifications.


Loan Alternative Means Flexibility


Short-term loans are the easiest way to get quick cash during emergencies. The entire process can be done in just an hour or even less. From sending your application, doing credit check, and up to the release of the money, it’s fast and easy. It’s the perfect option if you need cash right away.


However, if you borrow from a direct lender, your options might be limited and they might have very stiff conditions. The loan amount and payment terms might not fit your financial needs and might even aggravate your situation. We are not a direct lender, but as an alternative loan provider, we can lead you to the right direction. If you apply for a New Horizons loan alternative through us, we can cut the process and quickly provide you with a list of credible lenders who can give you loan schemes specifically tailored to meet your immediate needs.


With our New Horizons loan alternative, you can borrow from as low as £100 to as much as a few thousand pounds. You can also choose your payment terms, from 1 month to up to 12 months or even more. Try our online form today so we can connect you with the right lender.


Criteria for Loan Alternative Application


Applying for a New Horizons loan alternative with us is very simple. We have a secure online form that you need to fill out, and we’ll do the rest for you. You just need to specify your desired loan amount, the payment period that suits you, your personal information, and other important details concerning your financial status. There are also basic criteria that you have to meet, like the following:


  • You are a UK resident.
  • You are over 18 years old.
  • You have a steady source of funds, like a regular pay cheque.
  • You have an active mobile number.
  • You have a working e-mail.
  • You have an active bank account.


Depending on the lender, they might require additional requirements to verify your identification. All details you will be supplying us will be verified and validated by the lenders, so make sure you provide the correct information to increase your chances of getting a loan.


Credit Check: Necessary or Not


Will there be a credit check for short-term alternative loan applications? The answer is a resounding yes. It does not matter if you are applying for a short-term loan or a long-term loan or if you are taking out a big loan or only a few hundred pounds. A credit check has to be done as this is a compulsory procedure set by the FCA, or the Financial Conduct Authority.


A credit check will help lenders assess the possible risks involved in lending money to a certain borrower. But aside from this, the ultimate goal of the credit check is to protect consumers’ rights and interests. Conducting a credit check will eventually benefit the borrower because it will give him or her an idea of his or her current financial condition. This could help the borrower strategize on how he or she can improve his current credit standing if he or she has a low credit score.


A word of caution: No-credit-check loans do not exist because they are not allowed by law. If there are lenders or brokers advertising for such, be careful. They are doing illegal business. Check with the FCA for the names of authorised financial firms.


When you apply for a loan alternative with us, you can be sure all our lenders are registered under the FCA and adhere to the strict guidelines imposed by the regulating body.


Join over 100,000 people who have already taken out a Likely Loan
Few reasons why you should choose Paydayloansnow if you want a personal loan, a fast no guarantor loan or you need a bad credit loan:
✓ We have personal loans up to £5000 from 292% APR ✓
✓ You will know if you’ll be accepted before applying ✓
✓ No credit score will be affected ✓
✓ We don’t charge any fees! ✓
✓ If eligible you can borrow more money later on ✓
✓ User friendly online loan management platform ✓


What Is a Credit Score?


Your credit history, how you managed past borrowings, will be summarised using a number. This is your credit score. Your credit score will be used by prospective lenders to assess your overall character as a borrower, and it can also give you an idea of the kinds of financial products you might be eligible for. 


But what if you have a bad credit history? Does it mean you won’t ever be eligible for a short-term loan? A bad credit history, while it may lower your chances of getting a loan, will not completely bar you from getting one. There are many lenders who still offer credit to individuals with low credit score. The downside is, the interest rate is much higher. The good news is, you can still resuscitate your credit record. But you will definitely need loads of persistence in order to successfully rebuild your creditworthiness. 


If you want to know your credit score, you can access your credit report through the three main UK Credit Reference Agencies: Equifax, Experian, and TransUnion. 


How to Improve Your Credit Score


Improving your credit history won’t be easy and it won’t be fast. You have to be committed to doing it, or else all your effort will just be put to waste. The following tips might help you in this journey.


If you have a credit card, make sure you are using it wisely. Try to minimise your credit utilisation so that lenders will not think you are dependent on credit. If your credit card has a limit of £2,000, try to keep your credit usage at 25% or below or make sure you have an available balance of £1,500 or more.


If you have other existing debts, prioritize paying off the larger ones or those with interest rates that are higher. If you can, settle these debts as soon as possible. Spend money only on necessary expenses so you can save money to pay off your debts. And very important: pay your dues on time. Do not default any payments as this will cause you additional charges and penalties, and this can only increase your financial woes.


With all these, one important trait that you must develop in order to improve your credit score is discipline. Ultimately, it all boils down to your ability to control and manage your spending by being able to separate wants from needs or real financial emergencies from caprice. 


For your real financial emergencies, fill out our secure online form today and we’ll find the best loan alternative for you right away.


new horizons loans




What is a short-term loan?

A short-term loan is offered to borrowers with immediate financial needs and usually at a higher interest. Payment period is also shorter than long-term loans, around 1 month to 12 months or more. It is also called payday loan or personal loan.


A short-term loan is the most convenient way of getting cash right away if you have unexpected expenses. Online application is very simple, and if you are approved to get the loan, the money will be deposited to your account immediately.


The services we offer are not that of a direct lender. Instead, we can promote your application to our panel of lenders and match you with the ideal lender who can meet your needs.


Why should I consider loan alternatives?

Some lenders are not flexible in terms of loan amount and payment period offered. Loan alternatives like the ones we offer will allow you to choose the amount you need and the payment term that is convenient for you.


If you apply for a New Horizons loan alternative through us, you don’t have to jump from one lender to another if you don’t find their services appropriate for you. Instead, we’ll do the work for you and immediately connect you with ideal lenders based on your specifications.


Why is a credit check done on a borrower?

A credit check on all borrowers, regardless of the type of loan they will take out or the loan amount, is mandated by the FCA. Any financial institution that lends money without a credit check is conducting illegal business.


A credit check is necessary so lenders can assess the risk involved when lending money to a borrower, but ultimately, it is mandated to ensure that consumers’ rights and interests are protected.


What is a credit score?

Your credit score represents your credit history. It is used by lenders to check if you’re a good payer or a delinquent one and will use this when deciding whether to grant your loan or not.


Knowing your credit score is important because you can use this to see what kinds of credit products you can take advantage of. You can see your credit score in your credit report, which can be accessed through Credit Reference Agencies. The top 3 in the UK are Equifax, Experian, and TransUnion.


What if I have a low credit score?

While having a low credit score might mean your chance of being granted a loan is low as well, even for a short-term loan, this doesn’t mean you’ll never be able to get one. Many lenders still offer short-term loans to individuals with bad credit record, although at a higher interest considering the risks involved. The best thing is, a bad credit record can be redeemed, although it may take time, a lot of work, and especially a ton of discipline.