Do Banks do Inheritance Loans?

Most banks don’t offer specialised inheritance loans, but can offer financial products such as personal or bridging loans that can be used in the same way.

For dedicated inheritance loans, it’s always best to go to a probate specialist, where you will receive the support you need in accessing funds tied up in an estate.

At Provira, we understand the emotional limbo waiting for an inheritance can feel like, especially if you’re struggling financially.

Our Inheritance Advance is designed for exactly this, giving you access to up to 50% of your inheritance within days and, unlike most bank loans, doesn’t require credit checks, monthly payments or charge early repayment fees.

Plus, our compassionate team has all the expertise and guidance to help you every step of the way.

For more information, get in touch with our team here.

What banks offer inheritance loans in the UK?

Most banks do not do inheritance loans specifically.

Lloyds are unique in offering a loan for paying off Inheritance Tax, similar to our Estate Advance. Other banks offer administrative support, legal advice or solutions specific to releasing funds; but this is only if you have an existing account with them.

However, inheritance loans offered by banks are often accompanied by higher interest rates, compound interest – paying interest on your growing interest – and you may need to provide other collateral when you take out the loan.

This is where working with a specialist lender, such as Provira, makes a difference. Our inheritance loans are unique because we charge simple interest, not compound interest; we don’t ask for monthly repayments, early repayment fees, or any personal collateral, so you never have to put your assets on the line.

With Provira, you never need to worry about delays or interest growing out of control. To find out more about our specialist inheritance loans, read more here.

Can I get a loan against my inheritance?

Yes, you can get a loan against your inheritance through a specialist probate lender. They have all the knowledge and expertise available to help you through what is often an emotionally and financially draining time.

Taking out a loan against your inheritance is based on the value of your inheritance being used as the asset to secure the loan.

It doesn’t ask for other collateral when the loan is taken out, making it a quick, accessible, and stress-free option.

At Provira, this is exactly what our Inheritance Advance is designed to do. Created for beneficiaries who are waiting for an inheritance but need their funds sooner, it promises:

• Access to up to 50% of your inheritance within just a few days
• No required credit checks, monthly repayments, or other collateral
• Only to charge simple interest, not compound interest, saving you money in the long term
• Repayments directly from the estate when the funds are eventually released

Want to receive your inheritance sooner? Fill in our form here and our team will be in touch to help you take your next step.

How do I borrow against my inheritance?

You can borrow against your inheritance by applying for a specialist probate loan after your relative has passed away.

As we know, this can be an extremely emotional time, at Provira, the process is very simple:

1. Start your application

Fill in our form and a member of our team will be in touch to walk you through your options and help you take the right next step.

2. Send in your documents

Then, we’ll ask you for the documentation needed to kick off your application and ensure we can help you move forward.

3. Your application is assessed

Our team will review your application and come back to you within 48 hours. Successful applicants will receive a formal email laying out the details of the offer.

4. Receive your funds

Finally, we will issue your loan documentation, gather signatures and transfer the funds to your bank account the very same day.

Ready to move forward? Apply for an Inheritance Advance today.

What are the requirements for an inheritance loan?

The requirements for an inheritance loan are that you must be a named beneficiary and provide proof of your expected inheritance.

Unlike bank loans, inheritance loans, such as our Inheritance Advance, don’t have a lot of requirements, making them a very simple way to be able to unlock your future and move forward with your life.

For example, traditional loans tend to take into account a wider range of factors. This usually includes having a strong credit history, having a personal guarantee such as a savings or a property and having to pay back the loan in monthly instalments. With an Inheritance Advance, all you need is proof of your future inheritance, and you only pay it back once the inheritance is paid out to you. Importantly, other financial factors aren’t important and you’re never asked to put down any other assets as collateral.

Do banks do inheritance loans with bad credit?

No, traditional banks do not offer inheritance loans if you have bad credit. This is due to their assessments being based on your personal financial situation, not the amount you are due to inherit.

And, as your credit score is based on your ability to repay a loan, it’s understandable that a bad credit score means the bank will think you are an untrustworthy borrower.

This is where specialist inheritance providers, such as Provira, offer the answer.

Our Inheritance Advance is secured solely against your future inheritance, not your personal financial situation. As the repayment will come directly from the estate when the funds are released, you have no personal liability for the loan.

In addition to this, our Inheritance Advance:

• Gives you access to up to 50% of your inheritance within days.
• Only charges simple interest, not compound interest
• Doesn’t ask for monthly repayments

If you’re waiting on inheritance and need access to it soon, speak to the team about an Inheritance Advance here.

Can you get a loan to pay Inheritance Tax?

Yes, you can get a loan to pay Inheritance Tax. These are provided by specialist lenders, such as Provira, and are designed to cover all urgent costs associated with the estate.

For executors, the looming HMRC deadline to pay your Inheritance Tax bill can add stress to an already emotionally demanding situation.

When you need to pay Inheritance Tax before probate but the funds are all tied up in the estate, and won’t be released until probate is complete, it can seem like an impossible obstacle.

Luckily, Inheritance Tax Loans, such as our Estate Advance, are designed to relieve this financial pressure.

We offer executors up to 50% of the total value of the estate almost immediately, alongside no monthly repayments, no personal liability, and we handle all payments to HMRC directly. Leaving you to focus on the more important things.

Struggling to cover the cost of Inheritance Tax? Start your application for an Estate Advance today.

How Provira can help with inheritance loans

Inheritance loan services provided by UK banks are mostly advisory. If they do offer a loan, it is most likely based on their traditional loan structure which has strict eligibility criteria, a specific application process, and charges a higher, compound interest rate.

At Provira, our Inheritance Advance offers a quick and simple solution to help you move forward with your life.

We offer:

• Up to 50% of your inheritance within just a few days
• Simple interest charges, not compound
• No early repayment fees
• A compassionate underwriter dedicated to your case to guide you through it

Start your application for an Inheritance Advance today