Is Loans by MAL Legit? Reviews

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Loans by MAL is a UK-based lending institution that offers unsecured personal loans tailored to individuals with credit ranging from good to bad. Their commitment to providing accessible financial solutions distinguishes them in the lending landscape.

In this post, we’ll delve into the offerings, eligibility criteria, application process, pros, cons, and key considerations when opting for Loans by MAL.

Loans by MAL is a legit lender. They are a UK-based company that has been in operation since 2015. They are regulated by the Financial Conduct Authority (FCA), which means that they have to meet certain standards of financial conduct.

Loans by MAL offer unsecured personal loans to borrowers with good to bad credit. They offer loans from £1,000 to £5,000 with repayment terms of up to 24 months. Their loans are not payday loans, so they do not have high interest rates or fees.

Loans by MAL have a good reputation overall, with an average rating of 4.8 out of 5 stars on Trustpilot. They have been praised for their quick and easy application process, their fair and transparent terms and conditions, and their excellent customer service.

However, it is important to note that any loan can be a risky financial decision, and it is important to make sure that you can afford the repayments before you take out a loan. You should also read the terms and conditions carefully before you sign anything.

If you are considering taking out a loan from Loans by MAL, I recommend that you compare their rates and terms to other lenders before you make a decision. You should also make sure that you understand the risks involved in borrowing money.

Eligibility Criteria for Loans by MAL

To secure a loan from Loans by MAL, aspiring borrowers must meet the following prerequisites:

  • UK Residency: Applicants should be residents of the United Kingdom.
  • Age Requirement: Minimum age requirement is 18 years.
  • Steady Income: Demonstrable regular income is a necessity.
  • Credit History: Possessing a favorable credit history is beneficial. Alternatively, applicants can provide a guarantor.

Simple Application Process

Applying for a loan from Loans by MAL is straightforward and hassle-free. Individuals can choose between an online application or applying over the phone. The approval process is swift, often yielding decisions within 24 hours.

Timely Loan Disbursement

Once approval is granted, borrowers can anticipate funds to be deposited into their bank accounts within 24 hours. This expeditious approach ensures that the funds are available for the borrower’s immediate needs.

Pros and Cons of Loans by MAL


  • Transparency: Loans by MAL prides itself on a fee-free and straightforward lending process.
  • Efficiency: The application process is streamlined, swift, and secure.
  • Rapid Funds: Approved loans are disbursed the same day.
  • Responsible Lending: Loans by MAL adheres to responsible lending practices.


  • Limited Availability: Not all individuals will qualify for loans.
  • Varied Interest Rates: Borrowers with unfavorable credit may face higher interest rates.

Key Considerations When Choosing Loans by MAL

While Loans by MAL offers an appealing solution, potential borrowers should heed a few important pointers:

  • Affordability Check: Before committing to a loan, ensure that the repayment terms align with your financial capacity.
  • Thorough Reading: Scrutinize the terms and conditions meticulously before signing any agreements.
  • Awareness of Risks: Be cognizant of the potential risks tied to borrowing money.

Connecting with Loans by MAL

Should any queries arise regarding Loans by MAL or their services, contacting them is a breeze. Feel free to connect via phone or email to get the information you need.

In summation, Loans by MAL emerges as a commendable choice for those seeking reliable and affordable personal loans in the UK. With a commitment to transparency, swift service, and responsible lending practices, they offer a financial avenue worth considering. However, as with any financial decision, thorough evaluation and prudence are essential.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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