With certain types of loans you have to have a guarantor to stand by your side and they often come with fees. If you are looking for a loan with poor credit and you need an instant decision you might be wondering if it is possible to obtain loans for bad credit no guarantor no fees instant decision? Is there such a loan out there?
Some Things Are Just Not Possible
It would be nice if we could get everything we wanted in life, but most of the time this is not possible. This applies to looking for bad credit loans with no fees. Almost all loans will have some fees, for instance, early repayment fees or late fees.
For instance, a loan applied for with us usually includes a small fee. However, there are many benefits to making your loan application with us and the small fee could outweigh having to search for a loan alone. These benefits include:
- We work alongside a huge panel of lenders;
- We do all the hard work for you;
- We can search for a loan with many lenders;
- You do get an instant decision;
- The lenders we work with offer numerous loan options;
- Lenders offer affordable loans;
- Lenders offer some of the most competitive rates;
- All circumstances are considered.
If you searched for a loan alone, you might have to apply with multiple lenders before your application is approved. This means numerous applications noted on your credit file, all of which go against you. In the end you might not even secure a loan and have wasted a great deal of time and still need to find money fast. When taking all this into consideration paying a small fee may not be such a bad idea.
Options When Looking for Loans for Bad Credit no Guarantor No Fees Instant Decision
While you cannot get everything you ask for, you can get most of the things. This includes loans that do not need a guarantor and which come with an instant decision. The lenders we work alongside do offer both of these conditions.
Payday loans, short term and personal loans are all types of loan where you do not need to have some stand as your guarantor.
They are also loans that come with an instant decision. You can choose the amount you want to borrow and the term of the loan. Give us some personal details and we can try to match you up for a loan with one of the lenders we work alongside.
In order for us to be able to search on your behalf you do need to
- Be over 18;
- Have a regular income;
- A UK address;
- A bank account;
- Debit card.
If only a small amount of money is needed you could consider applying for a payday loan. They are one of the easiest types of loans to be approved for with a bad credit rating and a decision is instant.
Borrow up to £500 With a Payday Loan
If you are approved for a payday loan, you may be in a position to borrow between £100 and £500. Loans of this nature come in very handy if you are suddenly faced with a financial outlay that is unexpected and your payday is some time away.
Payday loans are repaid back faster than any other loan on the market. You can repay the whole amount, including interest, the next time you are paid. On the other hand, you might want to spread the repayments for up to three payments. If so, the lender will take a portion of what you owe and any interest up to that date, back over three paydays.
Borrow Up to £1,000 with a Short Term Loan
You might be able to borrow up to £1,000 with a short-term loan. A short-term loan provides more flexibility in regards to repayments as lenders generally allow you to spread the cost of the loan out for up to 12 months.
While this can help to make the loan more affordable, you should also consider the fact that the longer you take the loan over, the more interest it accumulates.
Borrow Up to £15,000 with a Personal Loan
Depending on your credit rating, you might be eligible to apply for a personal loan. To borrow large sums of money lenders will look more deeply into your credit file. However, this is not to say they will turn you down automatically because you have a poor credit rating. The lenders we work alongside will also take current circumstances into consideration and whether or not they think you can afford the loan.
With a personal loan, you might be in a position to borrow up to £15,000 and spread the repayments of the loan for up to 36 months. Approval with a bad credit rating is more difficult when borrowing larger sums of money, but it is not impossible.
When considering personal loans, compare the APR as this is going to determine the interest added to the loan.
Loans for Bad Credit no Guarantor No Fees Instant Decision is difficult to find unless you know where to look. Allow us to match you up with a lender offering no guarantor loans that come with an instant decision. We cannot guarantee you will not have to pay fees as most loans have fees attached, but we can guarantee that all circumstances are taken into account when making a decision.