You might be one of the most organized people financially now but have a poor credit rating from the past. It does not matter how good you are at managing your money, the unexpected can happen and when it does you might find yourself short of cash and have to look for a loan. Time may be of the essence and you might need to look for quick loans no guarantor and the best way of doing so is online as you get an instant decision.
What Are Quick Loans?
A quick loan is just as the name suggests. A loan that offers you a cash sum, which is quick and easy to apply for, and which pays money directly into your bank account on the same day.
Two of the most common types of quick loans are the payday loan and a short-term loan. Depending on your actual credit rating, you might also be approved for a personal unsecured loan.
If you need money fast, you do not want to have to wait for hours until you know whether you have been approved. We work with a panel of UK lenders, and once you have told us how much you want to borrow and when you want to repay it, we can search with them to try to match you up. This entire process can be undertaken online within minutes, so you are not left hanging around.
As we search with multiple lenders, there is more chance of our being able to find a lender willing to offer you the loan you want.
How Much Money can I Borrow With Quick Loans No Guarantor?
The amount of money you can borrow with a quick loan would depend on the lender and your credit rating.
If you need just a small sum of money, say anything from £100 up to £500, you could submit an application for a payday loan.
A payday loan accumulates interest daily so the quicker you repay it the less interest is added. Lenders offer payday loans to be repaid on your next payday or the loan may be spread over three paydays. When considering a payday loan it is important to ensure that you can pay the loan as agreed, otherwise, it can be a costly way of borrowing. Also, make sure that you are not going to leave yourself short of money on your payday once you have paid the loan.
If you require a loan of up to £1,000, you might consider a short-term loan. The short-term loan is taken out for up to 12 months, giving you ample time to repay it with affordable monthly repayments.
If you need a quick loan without a guarantor for up to £5,000 and wish to spread out the repayments for up to 36 months you might check out the personal loan.
Can I get a no Guarantor Loan with Bad Credit?
The lenders we work with will check your credit score but they also look into your personal circumstances, including the amount you have coming in and going out each month. They will then decide if the loan you have applied for is affordable to you. Therefore, even if you have a less than perfect credit rating you might still be eligible to get a quick loan online.
Can I Get A Quick Loan If I Am On Benefits?
The lenders we work with ask that you are over 18 years old, have a regular income coming in, a bank account and debit card in the UK and you live in the UK.
When talking about a regular income it means money coming into the household each month on a regular basis. This can be money from paid work or benefits. This means that even if you are not in work but have regular benefits paid into the bank account you still might be eligible to get a quick loan online.
It is possible to apply for quick loans no guarantor online with an instant decision and have the money paid into the bank on the same day whether you have a poor credit rating and you are on benefits. We work with a panel of lenders who offer some of the most competitive rates along with loans that are affordable.