How It Works
CocoLoan is a loan broker. We strive to connect you with the lenders that can offer the right loan options for you. With our help, you can find the lenders that consider your loan application even when you have a bad credit history.
Our Loan Service Process
We believe that everyone dealing with financial emergencies should get their help quickly and with zero hassle, so we've designed our loan matching process to be simple and time-saving. With only three simple steps, you'll be able to find an affordable loan that can tide you over.
Step 1: Submit Your Information Online
You only need to let us know how much you want to borrow, how long you want to repay, plus a few basic personal details. The entire information submission process can be done in just a few minutes.
Step 2: Review Our Offers
Your information will be shared with our FCA-authorised partner lenders, who will review your application and present you no-obligation offers that you can take your time to consider and choose the one that suits you the best.
Step 3: Get Your Money Instantly
Our partner lenders act promptly. Once you've been approved, they will immediately transfer the money. And depending on your bank, you'll get your money usually on the same or next business day.
Eligibility
Our partner lenders impose different requirements for their borrowers, and your eligibility can be determined by your credit history, income, and other factors such as employment status. But generally you will have a good chance of getting approved if you meet the following basic criteria:
- You should be 18 years old or older
- You should have a valid email address and phone number to authenticate your information and receive loan agreements
- You should have a regular source of income
- You should have an active bank account
- You should have no other outstanding payday loan with the same lender