Are you wondering if getting guaranteed loans from a direct lender is possible? It depends on the suitability of your financial profile. Approving loans without conducting a few checks is not practically possible. As per the approval criteria in the UK, no lender can provide guaranteed approval because applications are subject to affordability or eligibility checks. CashFacts wants you to know the aspects that can maximise the chances of loan approval.
You cannot get access to money straightaway without satisfying the pre-conditions. Your affordability will play a key role in getting personal loans on guaranteed approval. It will also decide if the loan range is favourable for you.
The meaning of these loans seems more complicated than easy. For this reason, we want to clarify that guaranteed direct lender loans are not achievable practically. Rather, you can make it possible with your efforts.
Despite financial drawbacks, getting instant cash loans on guaranteed approval is doable. We can help you get swift access to needed loans if you do the needful to upgrade your acceptance chances.
What is the representative APR?
Here is the total loan cost example (of an unsecured loan with a guarantor):
Loan Amount: £8,000
Loan Term: 5 years
Representative APR: Fixed at 39.9%
Monthly Repayment: £235
Total Repayable: £14,100
Payday loans on guaranteed approval represent a loan arrangement that makes the stressful days ahead of receiving your salary easygoing for you. Again, your affordability and some other factors will decide if your loan acceptance chances are good. As a responsible lender, we do not want to misguide you with an unrealistic offer that is impossible for us.
You should analyse our initial loan quote carefully, particularly the fee disclosure. There will be no early repayment charges, but late repayment fees will occur if you miss or default.
You might come across lenders who make a straightaway commitment to approve your application for small loans. They might levy hidden charges once you accept the offer. However, we are ardent followers of transparency in our approach. We will be able to confirm loan approval once you fit the criteria.
We will look at your income to curate an economical loan proposal for you. What makes our loan offering the most suitable? These are:
These features make it easier for you to get a loan. At the same time, there are some potential risks too. Our loan experts have explained below some short-term loan warnings along with their possible solutions.
| Risks of Guaranteed Loans | Solution |
|---|---|
| High APR | Always compare various loan deals to find out the most affordable one |
| Debt spiral | Avoid taking a loan when you already have debts to clear. Be debt-free when you want to apply for a new loan |
| Impact on credit score | Applying at multiple sites may affect your credit score and also the missed repayments. Ensure you are financially stable before submitting the loan application. |
Most of the time, getting almost guaranteed approval on loans depends on the lender's collateral policy. Some ask for loan collateral and want to fund with no risk. On the other hand, some loan providers in the UK don't require collateral but charge high interest rates.
Which one should you apply to? Decide on this after knowing their significant differences, which have been described below:
| Loan Aspects | Secured guaranteed loans | Unsecured guaranteed loans |
|---|---|---|
| Loan amount | £10,000–£250,000 (depends upon asset’s value) | £1,000–£25,000 (subject to affordability) |
| Repayment Term | 5-25 years | 1-7 years |
| Interest Rates | Lower as the lender has no risk | Higher as lender will be at risk |
| Approval chances | Higher even with a bad credit score | Approval is based on individual repayment capacity and the guarantor’s profile (if required) |
| Best uses | Long-term financial needs or planned expenses | Short-term needs or financial emergencies |
Loans for bad credit with guaranteed approval are nothing less than eyewash. The main intention is to trick troubled borrowers by making an alluring offer. We do not pursue this unfair practice. We believe there will be no guaranteed approval without ensuring the borrower’s affordability.
There may be circumstances where you can get almost 100% guaranteed loans. As a trustworthy lender, we make it a point to spread awareness about practising the essential measures. All these will help you to enhance the probability of successful approval.
See your eligibility or who can apply
Know below the basic criteria set by us:
We cannot do anything to help you qualify if these conditions remain unfulfilled while applying for guaranteed bad credit loans.
Nevertheless, we are quite flexible when it comes to earning means. We never mind accepting minimum income types like a freelance gig, pension, child support, business, self-employment etc. Therefore, getting guaranteed loans while on benefits is also possible.
Share accurate information in the application
Despite meeting the eligibility criteria, your application can face rejection. It could happen if your information is incorrect in the loan application form. Therefore, you should be careful while sharing details in the loan form.
How to apply for a guaranteed loan?
Any mistake in the application will take away your chances of achieving guaranteed online loans for bad credit. Check if the form has any spelling errors. You must do this ahead of submitting the loan request.
Show your credit improvement journey
If you are applying for guaranteed loans for bad credit with direct lenders, you must confirm your credit re-building efforts. We would like to see your seriousness by making a soft bad credit assessment. Maybe, your financial condition is not noteworthy. However, you can work on it to make new developments.
You must try to map out expenses so that you can release money. With it, you can disburse pending payments. You must look for avenues to upgrade your credit history for a better chance.
Responsible handling of present payments
We need to know about your current financial circumstance. Your recent bill payments are the best resources to tell us about your financial behaviour. On-time payments of recent bills will project a positive image of your potential.
It can largely amplify the chances of approval for guaranteed payday loans for bad credit from direct lenders. A few healthy habits can help you regain financial stability. It can finally lead to a balanced financial life despite past credit flaws.
Affinity for a reasonable loan amount
You can get personal loans with an approval guarantee if you opt for a realistic amount. Do not spoil this opportunity by selecting some random amount! Refrain from choosing an amount that does not match your pocket size.
Repaying it will be difficult for you. Delayed payments will have consequences on your financial profile.
Not every borrower needs to have the same sort of financial requirements. Maybe, you have a diverse financial situation to cover. For this reason, offering just one option with guaranteed payday loans for bad credit does not seem practical.
(Payday loan warning: You must analyse the lender who can provide you with responsible lending guidance. The representative APR will be very high. Therefore, evaluate your affordability and then agree to a high loan cost or risk.)
Find out how we have broken down loan opportunities for your convenience.
Get rid of troubling debts with our guaranteed debt consolidation loans. Pay attention to the basic requisites to confirm successful approval. Then, there will be no looking back for you. However, you should not be trapped in a debt spiral, as you are taking on one more debt to clear others.
You have come to the right place if you want guaranteed acceptance for loans with no guarantor facility. We can process your request, as we do not need you to get someone to support repayments. Still, the final approval will be subject to your and the guarantor’s affordability, income and status.
You might wonder if guaranteed loans for unemployed people exist. We have already clarified this factor before. Income is not an issue here. We cannot address your problem unless you confirm some source of income. You must meet the prescribed loan conditions in the UK regarding the income sources.
Do you need loans for petty necessities? Now, you can get in the form of short-term guaranteed loans.
We can process your loan request successfully once your affordability is reassuring.
You can settle different money problems once you get access to poor credit loans on guaranteed approval. There are no restrictions, and you can utilise these loans according to your requirements. We want that you must utilise loans in useful ways to make some improvements in your financial stature.
Guaranteed acceptance loans require no guarantor. We have acknowledged how the exclusion of this single factor can be relieving for you. More advantages are available with our loans. You can make the most of them to have a smooth borrowing experience with us.
They are essentially additional features that make our loan offerings complete. We believe that online loans should have these attributes.
Quick disbursal method
Getting fast loans on guaranteed approval is not strenuous at all. You just have to follow some simple steps to get started with us. It includes filling out a simple form with all the relevant details. The next step would be to re-check and send the application.
Once your application reaches our domain, we will also run a few quick checks, including affordability validation also. With us, getting same-day loans is also possible provided everything is perfect in your application. Loan disbursal does not take much time as we transfer the money online to your bank account.
There might be a delay during weekend payouts, as they are subject to bank hours or due to bank holidays. Sometimes, document verification also takes time.
Trouble-free repayment process
You can take advantage of our services to have 12-months with guaranteed loans for repayment. We facilitate you to utilise this duration in the best possible way. You can adjust the loan payments accordingly for a stress-free repayment process.
You don't need to repay the entire amount with interest in a single month. This repayment format is beneficial when you obtain bad credit loans on 100% guaranteed approval. Still, you have to be sincere in following the repayment terms. Early settlement is allowed, which will further benefit you by saving a significant amount on interest rates.
No compulsion for collateral
Are you feeling reluctant to pledge your costly assets as collateral? On the other hand, you could be someone with no possession to pledge as collateral. We can understand your dilemma and have come up with a perfect solution, namely guaranteed unsecured personal loans.
These loans create an opportunity for you to obtain money without any security. Therefore, you have freedom from the worry of losing assets for various reasons. A tenant or non-homeowner can also welcome a long-term loan opportunity without hesitation because of this feature.
Usage liberty
You will not receive any additional instructions regarding usage when you get access to a payday loan after guaranteed approval. We will not pay heed to how you will utilise these loans. Ensure that you have a real purpose to serve.
Getting loans for luxury should not be your priority. Such faulty steps can push you towards a complicated situation. Be alert and ascertain if you have a serious reason to borrow loans.
Involvement of no brokers
The biggest perk of getting bad credit loans on guaranteed approval with no guarantor from a direct lender is the interference of no brokers. We operate independently, and you can experience a flawless process. The absence of an intermediary part has made the lending process swift.
Moreover, there are no brokerage fees involved. Thus, the loan cost will be controlled as we are already offering reasonable-priced loans.
We have created loan opportunities like unsecured guaranteed loans for you. With a few confirmations about your financial behaviour, you can easily fetch loans collateral-free. We constantly make our services refined and more acceptable to our borrowers. In this endeavour, we try hard to locate errors in our services so that we can rectify them to serve our borrowers perfectly. We are not paying too much attention towards assessing the competition in the loan market. What matters to us is that you should be happy and content while getting guaranteed loans from a direct lender.
To stand apart from our competitors, we make sure to provide a few more advantages like:
CashFacts will not ask you to undergo any hard credit verification. Your poor credit scores are not a major concern in our lending process. For this reason, there is no need to validate your past credit scores. On the flip side, we will need confirmation about your affordability. A soft search on your financial profile can provide enough information about your capability before offering no credit check guaranteed approval loans.
You can get guaranteed instalment loans for bad credit from direct lenders only. We can be an apt lending source for you. With us, you will be able to break and pay the loan amount that includes interest. Instalments are small amounts you can easily manage from your monthly budget without much restraint. It is applicable if you have opted for a longer duration.
When you have extremely poor credit scores, it becomes risky for any lender to offer help. However, our lending conditions are more flexible than mainstream lenders. We will need a guarantor from your end to offer loans with very bad credit scores. The credit background of that person should be clean. They must be able to support loan payments so we can hand over the required funds to you.
You need a sizeable amount of loan. In that case, we advise you to look for guaranteed secured loans. This type of loan arrangement has a mandatory requirement for security. Therefore, you should have some assets to pledge as collateral. Since security is involved in this borrowing processing, getting a substantial loan will not be a problem, as we can help you.
No, your credit scores do not affect our lending process. Moreover, we do not compel you to follow any stringent rules regarding loan utilisation. For this reason, getting bad credit business start-up loans on guaranteed approval in the UK is possible if you send us your loan request. We will be able to approve loans if your affordability is notable.
Yes, there will be a soft credit check that will not impact your credit score. We conduct a soft assessment to help us prepare affordable loan deals for you. We typically skip the credit check during the initial application stage to prepare a pre-approval offer for you.
The approval time is usually shorter due to the involvement of a guarantor or collateral. With online lenders, you can get a fund transfer within 24 hours or a same-day payout. However, there may be a delay in disbursal due to working hours or bank holidays.
You will incur late payment charges due to the missed payment. It will add to the loan cost and put an extra burden on your finances. It is better to stick to responsible borrowing and repay the entire amount sincerely. Otherwise, it will impact the credit score.
You don't need to pay any fees for the pre-closure of the loan. It will help you save a significant amount of interest. However, your initial repayments should be accurate or on time.
Reasons for facing loan rejections from traditional lenders, such as banks, can include a poor credit history, a lack of stable full-time income, and other financial challenges. In contrast, online lenders can be a nice alternative to them, as they follow flexible lending policies. They don't mind your poor credit score and provide loans based on other relevant factors, such as your monthly income or current affordability.
You can email us if you have any doubts or complaints about our lending policy. We welcome any suggestions from our clients and work on them to provide more responsible and relevant lending.
Yes, we do.
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