Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
- Fast Payout
- No Fees
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- Bad Credit
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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.
No guarantor loans direct lenders facts
How to approach a lender for loan without a guarantor?
There are different objectives for loans and they are provided as per the terms and conditions. Banks and lending agencies will provide a loan to individuals and businesses alike based on their needs and subject to the eligibility criteria, this means that if you have bad credit you will be unlikely to be accepted by a bank. The law of the land will be applied while granting the loans. If you would like to get a loan without a guarantor, you should go through the complete details. Even though you get a loan without a guarantor, you should approach a licensed lender so that your interests are protected.
Loans without guarantor
You should approach No Guarantor Lenders to get quick loans. Banks will not be able to offer loans without supporting documents and guarantors. If you go for long-term loans, you should provide collateral as well. For housing loans, it is very much important to provide collateral. If you fail to repay the loan as per the terms and conditions, the collateral will be attached. The money accrued through the attachment will be adjusted against your loan. The greatest advantage with such kinds of loans is that you will pay a small interest rate. In fact, there will not be any difficulty in repaying the loan as long as your source of income is not disturbed.
When the collateral or guarantor is not present in your loan, the lender will take 100% risk. In fact, the risk will be more than 100% as the lender should be able to collect the interest as well from the loan proceeds. Hence, lenders will be able to offer loans by charging very high interest rates. The monthly interest on the loan amount will be 25% or more. There are some lenders who will charge more than 25% as well. Thus, No Guarantor Lenders can be approached if you are convinced about the rules and regulations nothing is guaranteed.
Safe and quick loans
When you go for quick loans, it is very much important to look after your safety. There should not be any risk on the loan taken by you. There should not be any hidden charges. If you cannot understand the terms and conditions of the lender, you should consult the customer support so that the executives will give clarification. You should also consult a financial expert so that there will not be any risk as a borrower. You should not skip the minimum homework that you should do in finding out the best available options.
There are many laws to protect the interests of customers. As per the new laws, there will be great protection for consumers. It is possible to obtain cheap loans as well. Even though the interest rate is very high, you will be helped by being able to fulfil your financial obligations in the best possible way. In fact, you can save money by going for quick loans.
Fulfilment of your needs
The quick loans uk from No Guarantor Lenders will help you in the fulfilment of financial obligations. If you are required to meet emergency financial needs, there will not be any better option than the payday advance. You can pay utility bills so that the service contract will not fail and you will not face disruption of services. There will not be any penalty by the utility company.
The emergency medical checkup can be accomplished with the quick funds that you manage with the payday loan. There will be great protection for the entire family as unexpected expenses can be met. The educational expenses, car repair, insurance premium, holiday trip and many other aspects can be covered with the personal loan.
The loan application can be submitted online and the confirmation will be done in few minutes. If you are found eligible, the confirmation will be sent. The money will be transferred into your account very quickly. The repayment will also be done from the same account. Thus, you will go through an effective and seamless process where no guarantor is required to get a quick loan.
You are advised to go through online reviews presented by experts and feedback offered by customers so that you can choose licensed and reputed lenders in your area to get a quick loan as per your eligibility. Thus, your financial needs are fulfilled very efficiently.
What if I can’t keep up my repayments?
If you can’t keep up with your 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 file this could make obtaining 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.