Is Loans by MAL Legit? Reviews

A UK-based lending company called Loans by MAL provides unsecured personal loans designed for borrowers with all types of credit, from excellent to poor. They stand out in the loan market because of their dedication to offering easily accessible financial solutions.

In this article, we’ll examine the options available, the requirements for qualifying, the application process, as well as the benefits and drawbacks of choosing Loans by MAL.

The lender Loans by MAL is legitimate. They have been in business since 2015 and are a UK-based firm. They must adhere to a set of financial conduct guidelines because they are governed by the Financial Conduct Authority (FCA).

Borrowers with good to bad credit can apply for unsecured personal loans through Loans by MAL. They provide loans ranging from $1,000 to $5,000 with durations of up to 24 months for payback. They don’t charge excessive interest rates or fees because their loans are not payday loans.

Overall, Trustpilot users give loans by MAL a positive rating of 4.8 out of 5 stars. Their quick and simple application process, their fair and open terms and conditions, and their top-notch customer service have all received praise.

However, it is crucial to keep in mind that taking out a loan can be a dangerous financial choice, so you should always be sure you can afford the repayments before applying. Before you sign anything, you should carefully read the terms and conditions.

Eligibility Criteria for Loans by MAL

The following requirements must be satisfied by potential borrowers in order to qualify for a Loans by MAL loan:

  • Residents of the United Kingdom are required to apply.
  • Age Requirement: A minimum age of 18 is required.
  • Consistent Income: It’s essential to have a consistent source of income.
  • Credit History: It’s advantageous to have a good credit history. A guarantor can also be offered by applicants.

Simple Application Process

Simple and hassle-free procedures are followed when applying for a loan from Loans by MAL. People have a choice between applying online and applying over the phone. The approval procedure moves quickly and frequently results in decisions within 24 hours.

Timely Loan Disbursement

Borrowers can expect monies to be deposited into their bank accounts within 24 hours of receiving approval. This quick process makes sure that the money is there for the borrower’s pressing demands.

Pros and Cons of Loans by MAL


  • Transparency: Loans by MAL takes pride in its simple and fee-free financing procedure.
  • Efficiency: The application procedure is organised, quick, and safe.
  • Rapid Funds: Loans that have been approved are funded the same day.
  • Responsible Lending: MAL adheres to responsible lending principles when making loans.


  • Limited Availability: Not every person will be eligible for loans.
  • Varying Interest Rates: Those with poor credit may be subject to higher interest rates.

Key Considerations When Choosing Loans by MAL

While Loans by MAL is an enticing solution, prospective borrowers should pay attention to the following crucial advice:

  • Check for Affordability: Before agreeing to a loan, make sure the repayment terms fit within your means.
  • Read the terms and conditions in their entirety before signing any agreements.
  • Risk Awareness: Be aware of any possible hazards associated with borrowing money.

Connecting with Loans by MAL

If you have any questions about Loans by MAL or their services, getting in touch with them is simple. Please feel free to contact us by phone or email if you require more information.

In conclusion, Loans by MAL is recommended for individuals looking for trustworthy and reasonable personal loans in the UK. They provide a financial option worth taking into consideration with a dedication to openness, promptness, and responsible lending practises. But like with any financial choice, caution and careful consideration are crucial.

Leave a Comment

error: Content is protected !!