November 5, 2021
- Olivia Elmore
- August 29, 2017
When you face a severe shortage of funds to manage daily expenses, you look for a financial relief through the means of loans. Most of the typical financing options require you to get your loan application co-signed from the guarantors. However, no guarantor loans are one of the best alternative financing ways to bring money during tough times without submitting any surety. Hence, you are able to meet all liabilities and stabilise your financial life without any trouble.
No Guarantor Loans are More Suitable to:
- People who can’t arrange guarantors
- First-time borrowers
- People who have recently relocated to a new place and are not familiar with their neighbourhoods
- Customers who don’t want to take any risk on their valuable assets
Bad credit customers
- Very poor credit score borrowers
- Bankrupts and CCJs
An Instant Solution to the Financial Crisis
With adequate funds in your bank account, you can easily manage all kinds of financial problems. However, due to the economic slowdown in the UK, lower earnings, and too many expenses, nobody has enough money to tackle the unseen crises. Lifetime savings and retirement funds shouldn’t be touched as it would add more woes to the financial health in the future.
Offered by the direct lenders in the UK, no guarantor loans are unsecured instant funds that you can access without the help of a guarantor. Getting the loan approval is so easy and quick. Depending upon the online lending company, you get the approval in 30 minutes to maximum 3 days. In sum, despite not having a guarantor, you stand a 100% chance to access the instant funds.
Risk-Free Funds at Low APR
The top FinTech lending companies in the UK are dedicated to offer the risk-free financing solutions to all customers at lower APR. There are no hidden agendas or unfair lending policies. There is only one motto – to give a complete financial stability to the customers at a cheaper cost even when they face the toughest situations and nobody agrees to help them.
Loans with no upfront fees and no guarantor are designed in such a way that you access the required money on the same day without pledging your valuable assets and paying any extra charges. The low-interest rates keep you motivated and don’t burden your monthly budget.
Loan Amount: £5,000 Interest Rate: 9.99% Interest: £1502.20 Total Repayable: £7027.20 Monthly Payment: £117.12 Representative APR: 21.2% variable.
Securing Funds despite a Bad Credit History
Having a good credit score is highly significant as most of the typical lenders, banks and other financial institutions give too much importance to the credit ratings. However, with a credible online lender at your side, you can easily overcome the financial crisis in spite of a bad credit score. You have an assured hope in the form of loans for bad credit no guarantor. People with a poor credit score, or not so perfect score, or a zero score are perfectly eligible to secure these funds.
Don’t be apprehensive about the hidden charges, the FinTech lending companies don’t levy any bad credit penalty on you. Prospective bad credit borrowers are treated and preferred equally as of good credit customers. Moreover, the credible online lenders in the UK assist you in improving your credit scores so that when you apply for a loan next time, you get the cheapest deal.
Trouble-Free Repayment Schedules
Repayment flexibility is another benefit that you enjoy by availing a no guarantor loan. You are free to choose the tenure as per your convenience and pay off the availed loan amount with interest in equal monthly repayments. Before finalising the tenure, you should ensure, the monthly repayment amount that you have chosen is easy to afford and don’t burden your monthly budget. For more comfort, always choose the direct debit facility.
It is a universal fact that timely repayments change your financial life forever. So, besides tackling the crisis, you stand a very good chance to transform your bad credit history into an excellent credit rating. Just make the repayments on time and soon a good rating will be knocking your door!
Get Cheaper Deals Online
With hundreds of online lenders trying to get an advantage in the lending business in the UK, you stand a good chance to get a cheaper deal on a loan with no guarantor. You just need to follow some important tip to get the best deal:
- Open the websites of the online lenders on your laptop, desktop, tablet, or smartphone
- Compare the lending services
- Check APR offered by them
- Go through the terms and conditions
- Check for the eligibility
- Use the loan calculator to estimate the total APR and monthly interest rate
- Explore the hidden charges
- Choose the best lender.
- Apply for the loan
Apply in 2 Minutes!
With the advent of financial technology, you are not supposed to go anywhere and sweat in a queue. The whole lending process is online. You are just required to fill a small form present on the website of the chosen lender. Most of the loan websites ask you to fill the following basic details:
- Needed loan amount
- Your name
- Your mobile number
- Your email id
- Your communication address
- Postal code
- Bank account details
Hence, two minutes are enough to secure a loan for bad credit with no guarantor. Moreover, you feel relaxed, as you are not required to fax/submit any soft copies or courier hard copies. It is a simple, transparent, and paperless procedure.
Get Funds on the Same Day!
Most of the credit direct lenders understand how worst your current situation is. Hence, they quickly approve your funding requests and transfer the money directly into your bank account. They also offer doorstep cash services if you are unemployed, disabled person, or suffering from an illness and can’t go outside to withdraw the money from an ATM.
Choosing a credible direct lender is the key to get trouble-free and quick funds. Apply for a no guarantor loan now and happily solve your financial problems today!