A financial need comes with no notice, and at that time, the arrangement of funds is your individual responsibility. In that case, a loan can be helpful as nowadays you have many online options. But what if they ask for a guarantor? No, that may not work if you need funds urgently and even if you have time, not every time someone is available to help or be a guarantor. It is the reason that no guarantor loans gained popularity. They help people borrow money on their own repaying capacity.
EasyLoansUK offers the funds without any guarantor obligation through a speedy and understandable process. The money transfer happens online after a 100% paperless process.
There are many small loans in the UK where borrowers have the convenience while applying. No guarantor loans are indeed among those loan products.
In these sorts of loans, borrowers are not required to find a guarantor while submitting a loan application. Instead, lenders analyse the loan requests on these bases:-
You can say these loans as unsecured loans too. Having a guarantor is indeed beneficial in many ways. Surely, you get lower interest rates and a chance of getting a more considerable amount. However, not every time you have the backup of a reliable person who can take your guarantee. In such a scenario, aspiring for a loan approval becomes tough.
The loans with no guarantor are mainly made for such situations. You not only find loan applying easy but also get funds quickly too.
The no guarantor loans are known for their multiple features that deliver ease to the fund seekers. People across the UK depend on this borrowing option because they know their loan journey has a back-up of multiple features.
Only a few conditions apply to get funds in your bank account smoothly. Some of the basic personal and financial details are sufficient to get a good decision of approval.
You should be in no doubt that the fast loans with no guarantor are available on some basic conditions. Technically, you need attention on some essential tips to get approval faster.
You need to know that brokers may check your eligibility with many lenders, and that can cause multiple search footprints. You do not need any broker to apply to us.
Your bank account should have a minimum amount of £500 in your account to qualify for the funds. We need to check the basic financial strength.
It is essential for poor credit people. Past credit mistakes can be overlooked if you have spotless financial behaviour in recent times. That is a vital thing to offer approval.
Before you apply, check credit report. There can be a wrongly mentioned detail in your report, which may cause a rejection of your loan application.
Unlike other lenders, we do not deny to the applicants living on any sort of government benefits. We know that the money received from benefit is surely helpful but may not be sufficient in front of countless options. We even accept such applicants if they have an imperfect credit history. The loans for bad credit with no guarantor on benefits are available. But remember that in no case we can compromise with the income stability. Also, we need ample proof of the benefits you are receiving.
Arrangements During Covid-19 Pandemic
Due to rise in variant cases, the UK is in another fix, and people have further challenges in personal finances. We have decided to make things easier during this tough time.
Payment holiday With flexible approval policy
Payment holiday, in general, is an important feature of fast loans with no guarantor, but now during the pandemic, it has become even more important.
EasyLoansUK is always determined to offer funds with most convenience and least stress. The prime aim is to take direct lending to new standards where people can depend on online lenders. With complete transparency of procedure and timely fund disbursement, we try to become the last-minute rescuer for the people. Visit us online, get your deal customized and say NO to any sort of financial insecurity. We are right here 365 days, including festival and national holidays.
We give you many reasons to choose us for loans without guarantor. These include:-
We give you flexible repayment methods so that you can quickly pay back your loan on time. You can repay fortnightly, weekly and monthly. However, since no guarantor is involved, you will be the sole responsible person for repaying the entire borrowed amount.
Yes, these loans are available on an instant basis. We follow only the online loan process with no paperwork, making it easier for the aspirants to have everything immediately. In addition, no guarantor is involved, so it will also save a lot of time.
We do not charge any prepayment fees. If you want to close early your loan, you are welcome to do so. However, we do charge late repayment fees, but it is also nominal only.