The Answer To Your Cash Needs
The Great Things About KnightFinance
Super Fast Process
You could get money directly into your account after just a 15 minutes application.
Get the cash you need without the usual high costs, because of our wide range of lenders.
Low Interest Rates
Compare lenders to make sure that you get the lowest possible rates.
There’s no need to put any collateral against your credit, all our loans are unsecured.
Personal Loans that are Unsecured
It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.
See How Our Competitors Compare
Borrow £500 for 4 Months, Four Monthly Repayments of £215.81 Total repayment £863.24 Interest Rate PA (fixed) 270.10% Representative APR 997%
Direct Lenders for Bad Credit Installment Loans
Picture yourself in a scenario where your car suddenly won’t start and you need to have it fixed right away so you can take your kids to school, purchase groceries, or drive yourself to work. The problem however, is that your budget is not enough to cover such an unexpected cost and you also don’t have any money stashed for emergency situations. Taking direct lender installment loans for bad credit is the only viable solution you can think of but your afraid the your bad credit will get in the way.
In such dire instances, you can rely on lenders for bad credit installment loans to give you that much needed cash infusion to keep you afloat. The financial products can be the answer to many financial emergencies especially to borrowers who have poor credit histories.
What are lenders for bad credit installment loans?
Lenders for bad credit installment loans offer financing solutions to people who have had credit problems in the past. The type of funding they provide feature flexible borrowing amounts and terms and approved applicants can pay back the money that they borrowed in an extended period of time.
The payment guaranteed terms are often tailored to the borrower’s present financial circumstances making it easier for you to cover the necessary repayments. And perhaps the best part is you can easily enjoy all these features and benefits even if you are someone who can’t qualify for many standard loans because of a bad credit rating.
Finding the best lenders for bad credit installment loans
If you want to find the best lenders for bad credit installment loans in the country, you will need to conduct some research and shopping around. Try to visit comparison sites, scan through costumer reviews and testimonials, and listen to the advice of respective figures in the financial market. Every bit of information that you acquire should be able to help you pinpoint some of the most reputable and reliable direct lenders for poor credit installment loans in the industry.
Once you have determined the direct lenders that you can potentially trust and rely on, try to ask for a quote from each one of them so you will a good idea on their respective installment loan services and offers. This way, it would be easier for you to compare the best available options and find the most optimum deal that will give you the most affordable rate and favourable terms.
Applying for the best lenders for bad credit installment loans
If you are considering applying for the UK bad credit loans, there are important things that you might want to look into first. Taking your time in completing this vital step will help guarantee that the kind of installment loan that you will be applying for is something that is suited to your personal needs and circumstances.
With that being said, here are three key aspects that you might want to give some thought:
- How much you will borrow. The best lenders for bad credit installment loans will give you access to flexible borrowing amounts from £100 to £2,000 pounds. Bear in mind however, that the amount of loan that you can qualify for will depend on several factors with income and level of affordability as the most important one. The bigger your income, the higher the amount you can normally borrow.
- Duration of the loan. Bad credit installment loans provide longer payment terms than most short-term loans like payday loans. You can normally pay back the money that you borrowed in installments for six months or a full year depending on the lender, making them easier to budget. Try to choose the shortest term possible however, so you can cover lesser interest rate payments and lower your total costs.
- Early settlement conditions. While you will need to make numerous payments for direct lenders for poor credit installment loans, you may have the option to settle your debt earlier. Try to check if the lender you are applying for caters this kind of payment feature and if there are fees involved in using it.
Perfect options for people with bad credit and poor credit
Lenders for bad credit installment loans normally do not require applicants to possess a certain credit score to become qualified. So whether if you have the worst credit rating or don’t have one because you haven’t used any kind of credit product before, there are plenty of bad credit loans with installment features from numerous direct lenders that can help you secure safe, legit, and reliable funding.
Because the direct lender bad credit loans can cater credit ratings that are normally turned down by banks and other traditional lending institutions, it also serves as a way for you to repair your bad credit.
What’s more, because the bad credit loans provide flexible payment terms that are usually tailored to your present circumstances, every payment is easy to keep up with. If you manage to complete all the agreed repayments, this will be recorded in your credit history and consequently improve your credit score.
Other bad credit loans in the UK that you can also consider
Lenders for bad credit installment loans are just one of the several sources of funding that you can rely on if you have bad credit. You can also try exploring other bad credit loans that provide unique borrowing futures such as:
- Payday loans
- Guarantor Loans
- Logbook Loans
- Doorstep Loans
- Short-term online loans
Any of the above bad credit loans can be an ideal financing solution to you depending on your needs and circumstances. If you want a simple loan that you can just pay back when you receive your next paycheck, payday loans may work perfectly for you.
Logbook loans are secured on your vehicle and allow you to borrow money depending on the value of your vehicle. Guarantor loans can help you enjoy large amounts of borrowing with affordable rates and comfortable terms as long as you can find someone who can back up your loan agreement.
Doorstep loans on the other hand, are convenient credit products that deliver cash to your door. They are popular options to people who don’t have bank accounts and want to enjoy the luxury of completing a loan transaction right at the very comfort of their homes. Short-term online loans provide small amounts of borrowing with brief payment periods and quick and seamless transactions making them ideal solutions to emergency funding needs.
5 most recent personal loan reviews
I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.
Review posted by Mary Hartnoll, Canterbury
Ease Of Use
Value For Money
As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.
Review posted by Susan Mills, Darlington
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Value For Money
Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.
Review posted by John Marcus, Surrey
Ease Of Use
Value For Money
Representative 277.5% APR
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
Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.