WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Answer To Your Cash Needs

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.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

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.

Unsecured loans

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.

As a full time student working two jobs to get the bills paid and still being skint all the time, having a short term loan between pay days can be useful. Used Knight Finance after a recommendation from a friend and I’m glad I did. Borrowed just under £200 and paid £212 back, no where near the interest I would have paid elsewhere. Will definitely recommend if you’re strapped for cash and know you can pay it back.

Photo taken by Jonathan Chen

Alexia Newton

Support Worker

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£100 - £2,000
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Unsecured Installment Loans for Poor Credit

The last thing you want is a bad financial situation turn worse. With a poor credit, bills to catch up, and emergency expenses that come barging in, nothing could ever be as stressful. But, don’t panic. This is where unsecured installment loans for poor credit can provide you with the money you need as fast as possible.

When you have no one to help you and most financial firms don’t want to offer you a loan because of your poor credit, you still have a glimmer of hope. Look for a direct lender installment loans for bad credit who specializes in unsecured installment loans for poor credit. As long as you meet the requirements, a poor credit loan lender has no reason to say no to you. Once you get an approval, you can receive your money within a short turnaround time.

Due to your poor credit score, you can’t really take out loans the traditional way. Unsecured installment loans for poor credit exist for this reason. You can apply for up to £2,000, depending on the lender and your overall personal circumstances. The best part is that you really don’t need to worry about your credit score.

Unsecured installment loans for poor credit are offered specifically for emergency purposes and not for any long-term financing. From the name itself, these loans do not require you to have a personal asset tied down as a loan collateral. The loan cost of these loans are spread over an agreed period, typically weeks, months or years for a specified payment amount.

Great Benefits from Unsecured Installment Loans for Poor Credit

The application process involves providing confidential information such as your name, address, employment history, contact number, and monthly income. Besides being at least 18 years old, you must have a decent monthly salary so that the low rate lender can be assured you can pay back the loan.

You must have a checking or savings bank account that is used to accept funds. The same account will be used to withdraw the loan repayments. Thus, a verified bank account is a necessity if you want to get the loan without visiting the direct lender’s office personally.

Unsecured Installment Loans for Poor Credit

It can be challenging to find cash lenders that will offer you a loan if you have a poor credit score. However, you still have options. You may not qualify for the lowest interest, but it doesn’t mean you can’t get a good deal on a loan.

What’s even better is that these lenders in the UK will only conduct a soft credit inquiry when you apply to find out what rates they can offer you. You should apply to as many lenders as possible that use a soft pull. A soft inquiry lets you see the details of the product without formally applying for the loan. This means it will not leave a mark on your credit record, so you don’t have to worry about damaging it further.

It is very easy to obtain unsecured installment loans for poor credit because you may be approved in just fifteen minutes. You may get your funds within a few hours after the approval. After submitting your online application, you will get the funds direct to your bank account and solve your emergency problem.

Unsecured Installment Loans for Poor Credit

If you are looking for small, short-term funds, payday loans have always been a quick way of getting cash. Perhaps £200 or £300 can cover your expenses until your next paycheck. With a payday loan, you can borrow up to £1,000 for over thirty days. While most of these loans are settled in a one-time payment, usually by the borrower’s next paycheck, there are lenders who allow installment payday loans.

With a poor credit score, doorstep loans, otherwise known as home credit, are also a helpful option for you. You can borrow up to £2,500, subject to affordability, with service to your doorstep. Most people with poor credit prefer this type of unsecured installment loans to cover for unplanned expenditures like home repairs, when your car needs some immediate fixing, emergency bill, groceries, and so on.

Peer to peer loans are also a good choice, where they let you borrow money from investors rather than a bank or building society. The interest rate will be higher, but it is a viable option for those with poor credit. Peer to peer lending can offer better deals than some traditional loans.

You can also try taking out a credit union loan. These loans are offered by community-run co-operatives, also known as co-operatives. Credit unions can also provide valuable access to financial services for people with poor credit. It’s also much easier to get a loan from a credit union than from a bank because the credit standards of credit unions are often more relaxed. Since they are not-for-profit entities, they can offer loans and other financial services much more cheaply than profit-driven banks.

Credit card to rebuild credit is another alternative, which allows you to have an initial credit limit of £150 to £1,000. There are many options for you in the UK even if you have poor credit. That is why you must take time and be patient in your search for the best deals.

If you are looking for unsecured installment loans for poor credit, you can also opt for guarantor loans. With this type of loan, you need another person to agree to cover your loan repayments if you miss them. With a guarantor, you can be possibly offered a lower interest rate.

Loans with a guarantor are very popular as well because you could borrow between £100 and £15,000 with a close friend or family member guaranteeing your loan repayments. If you have poor credit, you will find that a guarantor loan is much cheaper and more flexible than some other forms of poor credit borrowing.

Conclusion

A poor credit score does not stop you from taking out a loan. Surprising as it may seem, but you still have many options to choose. Unsecured installment loans for poor credit may be much more expensive than secured and other traditional loans, but it is already a good thing to have a loan approved despite your poor credit. Once you are approved, use the loan as your opportunity to rebuild your credit score by making repayments on time.

Surefire Benefits from Unsecured Installment Loans for Poor Credit

5 most recent personal loan reviews

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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.

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Review of Together

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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Review of Shawbrook Bank

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

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All reviews have been sourced from the UK Trust Pilot to certify authenticity.

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.