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
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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.
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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 Personal Loans
Losing a job, especially when you have dependents, is probably one of the most devastating things that could happen. Your finances will be affected instantly with all those everyday expenses and sudden bills coming around. Sadly, not all lenders are willing to accommodate your request if you have no stable source of income, let alone having a bad credit remark. But, with enough persistence and patience, you can still find direct lenders for bad credit personal loans who can provide your financing needs.
The number of direct lenders for bad credit personal loans who can grant your requests may be limited but still, it’s a relief to know that you can have someone who can assist you whether you’re unemployed or have a bad credit.
You can start by entering the right keywords so you can find a specific match such as “direct lenders for bad credit personal loans UK”. Check and compare at least three lenders to know who offers the best rate and once you found the right loan company, you can proceed with the 2000 loan application form.
Filling out an application form online will require less than 10 minutes of your time. Unlike the traditional way of borrowing a loan, it will not ask for a plethora of documents rather, for your personal and financial information. However, since it’s a bad credit loan, direct lenders for bad credit personal loans will most likely provide a smaller amount. It may not be enough to buy you a new property but it can cover the expenses you make while looking for a new job. If you’re lucky enough, you might find a direct lender for installment loans bad credit who will allow you to settle the payment only when you’ve started working.
Direct lenders for bad credit personal loans are a great help to those who have a damaged credit report. Unlike banks and traditional installment lenders, they will still give you a chance to have the loan as long as you can provide a proof of income which may come from employment, self-employment, part-time job, benefits, and the like. However, having an excellent credit remark will make your application stronger. It can also mean scoring lower interest rate and a more flexible repayment term.
Applying For Direct Lenders For Bad Credit Personal Loans Online
Personal loans are normally offered by banks and credit unions; however, their process takes a lot of time. It is also more complicated compared to the ones offered online, thus if you want a stress-free way of taking out an advance, you should opt for direct lenders for bad credit personal loans instead. All you need is a laptop, stable Internet connection, and honest answers for the questions provided which may include your name, email address, contact number, bank account, and proof of income (if applicable). Lenders have their own way of verifying the information so as much as possible, do not put inaccurate data; otherwise, your loan application may be declined.
Direct lenders for bad credit personal loans online are known for its speed. It may not be as fast as payday lenders, who can transfer the loan in less than an hour, but still, it’s faster compared to banks. This makes it a good option when you want to have your car repaired, or you need to attend to an emergency. The best part is – it won’t require a guarantor or collateral to be qualified unless you’re aiming for a bigger loan amount.
As the name suggests, personal loans can be used for any purpose; direct lenders for bad credit personal loans will not even demand you to state your reason why you need the loan. It is useful when you want to pay for a credit card or store cards, tuition fee, or when you want to travel.
Secured Or Unsecured Direct Lenders For Bad Credit Personal Loans?
Most personal loans are available even without collateral but if you want to borrow a bigger amount, it can mean otherwise. Direct lenders for bad credit personal loans will most likely approve an application if it comes with a security. That way, there’s an assurance for the loan to be settled. You can ask a financial expert for advice about this or you can do your own research to find out if a secured loan will fit your needs.
By nature, a secured loan cheaper because of the “security” it provides to the loan. It allows the loan seeker to obtain cash even with a bad credit on a more affordable rate. It also benefits borrowers with a low income.
A secured loan from direct lenders for bad credit personal loans works by providing an asset – such as a car, bond, jewelry, stocks, or gadgets. The property will be used as a safeguard against the loan. This increases the chance of the loan application to be successful. For the most part, this is helpful unless the borrower is not committed to the loan’s terms and conditions. In case of default, the lender has the right to repossess the property, put it in the market, and use the money to settle the principal rate, interest, and fees acquired.
If you think pledging collateral is a heavy task but you want to increase your approval rate, you can opt for a guaranteed personal loan instead. Direct lenders for bad credit personal loans will require you to bring a guarantor to cosign the loan. The cosigner can be anyone who is not financially-linked with you, thus it can be a friend, colleague, or another family member. Like secured loans, the other person will be used to guarantee the loan; therefore, in the event of default, the cosigner will settle the loan on your behalf.
Otherwise, you can look for direct lenders for bad credit personal loans who offer unsecured loans. This type of advance won’t require any security or a guarantor. It is one of the best choices for people who have no property to pledge or homeowners who don’t want to put their assets at risk. The process is easier and faster since there’s less verification required. However, it comes with a very expensive interest rate and a small loan amount.
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
Ease Of Use
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.