Borrow up to £995
Rates from 278% to 1576%
3-12 month repayment
From £1,000 to £25,000
Rates from 4.7% to 278%
3-36 month repayment
Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.
† Not all loan types and amounts are eligible for 20 minute payouts. Your chosen bank may increase the time you receive the funds.
How loans for bad credit no guarantor come handy in times of need
- Until recently it was near impossible for someone with no guarantor and a poor credit score to get a loan.
- Numerous lenders are now available to lend to those that might have been refused elsewhere.
- Many prefer not having a guarantor present as they can keep their finances to themselves.
Taking loans adds to your daily stress and anxiety as you constantly need to worry about repaying it. Hence loans should be avoided as much as possible. But what if you are going through a financial crisis? Unexpected reasons of expenses or unemployment can financially destabilize a person. Also if you have long unpaid debts and your business isn’t generating sufficient revenues to clear your debts can also contribute towards financial instability. The best solution during these times of crisis is to opt for loans for bad credit no guarantor on benefits. These loans are easy to procure and have many benefits over normal guarantor signed loans or credit checked loans.
Ease of getting this loan
Just like unplanned or unresolved loans can bring your financial downfall, wisely planned loans can be your best friend during your days of the crisis. If you have a good credit record, it isn’t hard to find lenders who will lend you the required amount of money. But what if you have a bad credit record? In that scenario, you will require a guarantor who will be responsible for repaying the debt on your behalf. But generally, it is a complicated process and takes the time to find one. If you wish to save yourself the trouble of having to find a guarantor and get a loan despite your bad credit records then the best option is to opt for loans for bad credit no guarantor on benefits. Here are some of the benefits of this type of loan that has made more and more people inclined to it during times of trouble.
Simple registration process
Unlike other forms of loans, it does not require complicated documentation or registration process. Thus it is the best bet when you are in need of quick cash. Most lenders now have made application for this type of loans available online. All you need to do is find a lending farm website, fill out the mandatory details and the money will be transferred to your bank account shortly after a quick verification of the authenticity of your details.
No credit check
The best part about loans for bad credit no guarantor on benefits is that there is no credit check on the debtors’ behalf. Hence people with bad credit records are also eligible for this loan. Hence you need not go around looking for lenders all over the town due o your bad credit records.
Unlike most loans nowadays, you need not keep your assets as collateral to be eligible for the loan. Thus, even if you do not have any collateral, you can still opt for this loan. The lenders risk such bad credit loans charging a higher interest rate in return. Although these loans come with higher than normal interest rates, they are easily available and can help you out during your times of need.
So if you are facing a financial crisis and you are in need of quick cash, loans for bad credit no guarantor on benefits is your best bet.
Loans For Bad Credit With No Guarantor FAQs
Can I really complete the loan application process online?
Absolutely! We understand that there are many cases where additional funds are needed in a hurry, so we don’t expect you to still fill in physical paperwork at a brick and mortar location – only to wait days or weeks for approval. All paperwork is provided and signed for online, saving you a lot of time and money.
How long will I have to wait for my funds?
Once your loans for bad credit with no guarantor benefits application has been processed, you will normally receive your funds within an hour or two at the most. However, this timeframe will also depend on the institution that will be providing the funds to you.
Do I have to borrow a fixed amount or can I only apply for as much as I need right now?
When applying for a loan through Loanize, you are able to borrow just as much as you need. In fact, you can apply for an amount as small as £50 if you only need a few quid to get you through to the next payday.
Will my interest rate be fixed on my loan?
Yes. However, it’s important to remember that the amount of interest you repay will likely be higher because of the fact that you are classified as being a higher risk customer to lend money to.
Am I required to pay anything upfront to obtain my loan?
Absolutely not! The lenders we approach will never ask you to pay any amount upfront to guarantee or receive funds into your account. Beware of anyone who demands any form of upfront payment, as they may not be operating legally.
How is Loanize able to organise loans so quickly and efficiently?
Our process is simple. We currently work with more than 40 different lenders and this ensures that you obtain a loan from the company that is most suited to your financial situation.