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.
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%
Instant Loans For People On Benefits
Loans are very popular nowadays and there are different kinds of advances offered to anyone, regardless of their age and status. Recipients of benefits are not exempted from the financial support provided by lending companies. Instant loans for people on benefits, for instance, are created to help improve their condition or attend to sudden financial responsibilities.
If you’re already receiving quick loans for people on benefits for a qualified number of months, getting instant loans for people on benefits will be of great help in meeting up some necessary things, which may include medical equipment, food, clothes, furniture, or anything you may feel is important for your survival. No matter what these things are, instant loans for people on benefits will be handy as long as you meet the qualification set by the lender.
Qualification When Getting Instant Loans For People On Benefits
Like other types of loan, instant loans for people on benefits come with several prerequisites that every borrower should meet, such as:
– The loan seeker must be a recipient of benefits for the minimum of 26 weeks or at least 6 months. Some of the benefits include disability benefits, income support, housing allowance, working family tax credits, jobseeker’s allowance, support allowance, or a pension credit.
– The loan seeker must be able to prove his capability to settle the loan.
– The type of benefit that the loan seeker receives will influence the type of instant loans for people on benefits they can have as well as the amount he is eligible to acquire.
– The loan seeker’s credit history will also affect his qualification. If your credit score is low, getting instant loans for people on benefits might be a little challenging. Also, if your loan application has been approved, the interest rate it carries is more expensive compared to those who have a good credit remark.
– The loan seeker’s employment status also affects his eligibility to get the loan. as mentioned, it’s important to prove the lender about your capacity to settle the loan; if you’re unemployed, the lender may not be confident enough to give you a loan because of repayment issues. Meanwhile, you can increase your chance of getting approved if you can provide an alternative source of income.
Why You Need A Loan?
Receiving benefits, especially when you’re not able to work anymore, is a great help to sustain all your need. However, unforeseen occurrences might make life a little more difficult and benefits may not be enough to go on. To complement it, you can have instant loans for people on benefits to settle unexpected expenses. The loan also comes handy for repaying the rent, store cards or credit cards, funeral bills, maternity expenses, car repairs, or even home renovation.
Instant loans for people on benefits are also a good choice when you want to finance your education when you want to a shift in your career. It’s also ideal when you want extra cash for travel expenses and other things that are not covered by your benefits.
There are a lot of direct loan providers in the United Kingdom alone, thus it’s easier to find the one who will match your needs and requirements. You can even find a lender who will be willing to offer a more affordable price and an easier repayment term. This is a relief for anyone who feels like their benefits are not enough. After all, there are other options that can give you a better financial life even if you’re at home and not working anymore.
What Do You need To Know When You’re Jobless And You need Instant Loans For People On Benefits?
Getting instant loans for people on benefits is challenging when you don’t have a regular job. It’s a primary factor that lenders look at when taking an advance. However, there are still loan providers who are willing to offer a helping hand as long as you can provide a viable alternative that could support you, such as welfare benefits. Even without a day job, you can have the loan you need which is beneficial when you are facing various expenses. It works almost the same as regular loans; however, the lender is more lenient. They’ve become more accommodating and flexible in terms of their requirements.
Instant loans for people on benefits are ideal for anyone suffering from a mental or physical condition. But then again, there are other factors considered such as the credit score. Being jobless is already risky, let alone having a bad credit remark. Therefore, it’s important that you create and maintain a good credit rating to ensure a higher approval rate. Nonetheless, if you have committed financial mistakes such as arrears, late payments, or defaults, you can still have your loan application approved. You can seek assistance from a loan broker to help you find the right match or search for a right lender on your own. Just get yourself ready to settle for expensive interest rates as this is common for bad credit loans.
Getting Instant Loans For People On Benefits Using A Security
You can increase your chance to get instant loans for people on benefits by having collateral. This loan is more affordable since you are providing some sort of security against the loan. It works by pledging an asset, a car of a home for instance, to the lender. Meanwhile, the loan provider will hold the property or its document until the loan repayment is completed. Getting a secured loan is risky unless you have a plan to settle it. Therefore, be sure that you will avoid defaulting on the loan, or even late payments, to avoid losing your collateral.
On the other hand, you can take an unsecured loan, if you’re not comfortable with using your property as a security. However, the loan offers a small chance for unemployed and bad credit borrowers. It also provides a smaller loan in a short-term period. The advantage, however, is that it is fast and easy to acquire. There’s no collateral involved, thus the verification is done in a speedy manner.
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
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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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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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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.