Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
- Fast Payout
- No Fees
- Secure Application
- Available 24/7
- Bad Credit
Whole of Market panel
Trusted panel of lenders
From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.
Are Guaranteed Loans Real?
From time to time, you may see lenders offering what they call “guaranteed approval”. To you, that may mean that anyone who applies for the loan is guaranteed to be approved for it. That’s what the phrase would seem to imply. But that’s not actually the case. In fact, there is no such thing as guaranteed approval, as no lender can say for sure that they will approve every lender who asks them for a loan the uk is tough.
They all have stipulations and guidelines and reasons why they would turn down one application or another. Generally, it comes down to how much income you have and what your credit rating is. However, even your credit rating may not matter to some lenders. They are known as guaranteed payday loans direct lenders or simply payday lenders. They approve almost anyone who applies with them, but not everyone.
It’s important know that even if you are approved for a loan with a lender, you may not be approved for the one you want. They may guarantee that nearly everyone will be able to get a loan, but they won’t give risky borrowers loans with very good terms. If you have a poor credit history and low income, then no lender is likely to approve you for a long-term loan with low interest rates.
That’s just not going to happen.
Any guaranteed payday loans direct lenders are going to want to look at your finances before they approved you for anything instant. You are only guaranteed the loan in the sense that if you meet their initial eligibility requirements, then you would be approved. You’ll see that posted in fine print or as a note on their advertisement that claims guaranteed approval. It’s important to note the fine print, as it can drastically affect the implied terms of the loan.
Don’t take any lending ads at face value. Be sure to read the terms and conditions fully before you agree to any loan and make sure you know exactly what you are signing up for and what you are getting with each loan. Guaranteed payday loans from direct lenders are only going to be guaranteed once applicants meet the necessary requirements. Once they do that, they will be approved. That can make it difficult to actually call the loans guaranteed, but the lenders are allowed to do so, as long as they detail the stipulations up front, even if it is small print.
You should be aware of the requirements for payday loans. You have to be a legal adult and have a bank account and you’ll need to show proof of income. That doesn’t necessarily have to be from a job. It could be from retirement, social security or some other means of regular cash flow.
As long as you can show that you can make the monthly payments on the loan you are applying for, you will be approved. The bar for eligibility is set quite low on payday loans, so most people who apply are approved, but not everyone, and you need to understand that going in.
What if I can’t keep up my loan repayments?
If you can’t keep up with your loan repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your credit file this could make obtaining credit further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.