Don’t count pennies, get a student loan now!
It does not matter if you are an undergraduate or postgraduate student. You can consider getting student loans in the UK from us. Go ahead to earn your desired degree once achieving the required financial support. Prefer this type of financing option even while studying overseas also.
Obtaining any amount ranging between £1000 and £5000 is possible. Hostellers and even part-time earners can make the most out of these short-term loans for students. Borrow minus any exertions with repayment tenure extending up to 60 months.
Pick CashFacts as the student loans company to contact. We can fetch you loans at reasonable rates when you need more cash back-up. The best thing is that rates will be equally compelling. You can borrow within budget, as the price will remain competitive from our end.
If you want to reduce the chances of rejection, validate the eligibility criteria. A few things that you being a student, must establish are:
A funding arrangement that will exclusively address the cost of education near or far from home defines loans for students in the UK. When you attend the University for higher studies, you must take care of diverse expenses. It could be for travel, tuition, books or even accommodation purposes.
The different options available here also allow you to get financial help to complete vocational training. Private student loans are one of our special categories wherein you can opt for loans while studying and doing a job simultaneously. These loans come into use when you want to rejoin the college.
This loan provision facilitates easy payment of fees to the college directly. It means you will not get the money in your account. If this provision does not suit you, consider applying for instant loans for students as unemployed. Why? It is because you can get these loans straightaway in your bank account.
Alternatives are available here at Cashfacts regarding the best student loans in the UK. The reason behind keeping a wide variety of loan sub-categories is to suffice the diverse requirements of loan applicants. Some of you may need loans for petty educational purposes. We can arrange small loans for students in a seamless way.
Low credit happens because of skipped payments on previous credit options. Get a chance to avail of loans for students with bad credit, as they can be a perfect financial fix even when poor credit tags are a big trouble in your life.
Soft credit checks only with no hard footprint: As credit scores are not concerning to us, we do not conduct a hard assessment of your credit profile. However, determining your affordability is our first and foremost responsibility before making any decision.
Therefore, we conduct basic checks, like understanding your income and monthly payments, before approval. It helps us determine whether you can repay the loan. It does not impact your credit score and helps you get affordable student loans in the UK marketplace.
As a student, you will have some responsibilities when managing student loans for bad credit scenarios.
Let’s understand how repayment structure changes the costs and interest liabilities. Here is a representative example of Student loans:
Representative example: If you borrow 1000 pounds at an APR of 7.0%, here is how the costs may vary according to the repayment terms:
| Terms | Monthly repayment(in pounds) | Total repayment(in pounds) | Total interest costs(in pounds) |
|---|---|---|---|
| 6 months | 171.27 | 1027.64 | 27.64 |
| 12 months | 86.53 | 1038.64 | 38.36 |
| 36 months | 30.88 | 1,111.68 | 111.68 |
So, borrowing money for a short period is cheaper than borrowing for a long term. You pay just £27.64 by borrowing for 6 months, over £111.68 for 36 months. You can opt for short-term student loans in the UK if you need to cover a small expense and avoid lengthy interest payments. However, decide the proper repayment term as per your income, savings, monthly bills, and budget.
When you decide to enrol for a new course or get a new degree in the UK, it can put a huge financial burden on you. With personal loans for students, you can easily divide the financial pressure. What are you waiting for when customised deals are at your disposal now?
For us, your convenience is the priority. Student financing options available here promise to offer benefits that will make your life easygoing.
Helps build credit history
Student loans could be a good opportunity to build your credit history from scratch. You may get an emergency student loan in the UK for small and critical needs. You get the loan instantly by meeting the basic affordability criteria and providing relevant proof.
No obligation of a guarantor
You can now obtain loans for bad credit from a direct lender with no guarantor claim. Approaching a person to become your guarantor is indeed an overwhelming task. However, it might be crucial in some cases of borrowing. These loans do not come with any such condition. You can relax further and save time.
Here are some aspects that you must check to get no guarantor student loans in the UK:
5 Tips to get no guarantor student loans in the UK:
Check these aspects to get student loans for bad credit in the UK quickly. You do not need a guarantor if you can afford the payments.
Flexibility with income
You cannot do a steady full-time job while continuing your study. We have a flexible approach regarding income. According to us, your parents or your part-time earnings should be adequate to allow payment of instalments.
In a particular scenario, you can even apply for loans for students with no income. Here, you can pay back loans after completing your studies by starting to earn. Meanwhile, do freelance jobs to earn a side income and keep the loan debts manageable.
Swift payout of loans
We know how eagerly you wait for loans to credit into your bank account. At times, lengthy processes take forever, and you keep waiting for days and nights. This will not happen here. Our processes are quite brief and fast-paced. We update our interfaces and technology from time to time. It helps us offer quick loans for students in a hassle-free manner. You may get the loan within 24 hours of the application. We prioritise same-day fund transfer to help customers meet their needs on time. Therefore, you can count on us for personalised and fast student loans in the UK anytime.
Student loans differ in operations and nature according to the requirements. Private student loans in the UK are common for financing university admission expenses. Alternatively, payday loans help a learner finance any small cash need before the next payday. One often gets confused between emergency and payday loans. Let’s understand the difference in detail:
| Parameters | Private Student loans | Student payday loans | Small student loans for emergencies |
|---|---|---|---|
| Typical loan amount | £1000-£50000 | £1000-£1100 | £1000-£5000 |
| Repayment term | 1-10 years | By the next payday or within 30 days | 1-12 months |
| Purpose | Paying for university tuition, maintenance, and accommodation costs.It precisely covers the most expensive part of university expenses. | One can use student payday loans in the UK for any cash need that occurs just before payday. For example, unexpected plumbing needs. | These loans are used exclusively to fund emergencies. It could be an urgent medical consultation, paying a credit card bill, or other similar expenses. |
| Eligibility checks | It required a detailed assessment of the household income and expenses. The approval depends on the guardian’s affordability. | You may encounter a detailed credit check to get a payday loan. However, the loan approval is mainly based on income. | The credit check does not affect the credit score. It is a soft credit screening that analyses the amount one can afford to repay comfortably. |
| According | Moderately high, 6-25% depending on the credit score | Interest rates on payday loans can be extremely high, like 400% APR | Interest rates remain competitive but less expensive than a private loan and a payday loan. (10-40% APR) |
| Accessibility | Needs a guarantor with good income and a credit score, as the borrower is a non-earning entity and cannot support payments. However, a student can repay it later only after they reach a particular income threshold. | Individuals must have a fair credit score with regular income to qualify | It is for individuals with limited income, no or limited credit history, seeking urgent cash. |
So, now you can apply responsibly according to your cash requirements and purpose. Identify the ways to fetch better interest rates by contacting an affordable direct lender for student loans in the UK. Student gets loans for accommodation, books, and living expenses individually.
Alternatively, Tuition fee loans are handled by the government or the university in a private student loan. Also, understand the student loan eligibility criteria in the UK for each of these loans to avoid loan rejections.
Sponsoring educational expenses is not a one-time payout. Necessities will pop up while you continue to study. Dealing with these variable outlays occurring during your study days will be the primary purpose of short-term loans.
Nevertheless, you must understand the different avenues to utilise these loans without any second thought. These are:
Accommodation: If you have requested University accommodation, you must also bear its expenses. Besides, there will be rules and regulations that you must follow without fail. You must opt for university housing because it covers many other things, like tuition fees. As a University student, you can avail of this facility.
Travel and transport cost: Attractive offers are available for students of the University. They can utilise these offers to manage the cost of regional transportation. You need to be calculative. Analyse the opportunities available to keep the overall cost within your control.
Purchase of books and stationery: These are two inseparable things for a student. You cannot think of pursuing degrees without books and stationery. It is like a constant outgoing for you. Student loans let you collect money to spend for this purpose also.
Utility bills payment: The payment of bills will always be your responsibility even though you live alone or with a flatmate. Starting from standard living costs to electricity bills etc. should be in your monthly budget. All these can be settled with this financing option.
It will be possible because of our fast processing. You can bid adieu to paperwork regarding getting quick student loans. We do not need to follow traditional formalities to get financial assistance from our end.
We have removed the unnecessary steps. Otherwise, providing loans when needed will be next to impossible. We have put together some steps that are quite easy to accomplish.
You must have discovered us by searching for the best student loans in the UK. Are you still not convinced about the different facilities we provide? It must be because of the stiff competition existing in the loan market. We know how our competitors are trying to entice you. We are aware of the ways they are trying to grab your attention. However, our approach is different from theirs.
Our focus always remains on the core areas that also matter to you. Our growth strategy allows us gradual advancement so that we can provide you with what you deserve the most.
Clear communications: As a borrower, you must have a lot of queries. You can use our easy platform to chat with us or mail us for whatever reason at any time. For us, solving your queries is the prime concern. Likewise, we will approach you if we need additional information about you.
Clarity about rates: The loan agreement is a vital document for us. It contains all the calculations for our fees. We hand it to you once you accept our loan proposal. Besides, we never charge anything extra in the name of processing fees. We do not trick borrowers like you.
Pre-approval facility: We give you the liberty to assess our loan proposal first. Once convinced, you can continue to reap the benefits of the pre-approval facility. It does not cost anything, as this service is available free.
(Pre-approval is indicative only – final approval requires full assessment)
Late repayment can cause serious money problems. For help, visit the MoneyHelper website”
No, borrowing small loans would not affect your student loan eligibility. The loan providers determine loan approval based on unique aspects. They consider course, guardian’s affordability, total household income, nationality, but not your debt history. Moreover, student loans do not affect your credit score directly. They are only factored when you apply for a mortgage.
A representative APR, according to FCA, is a rate that the loan company expects to provide to 51% of customers who apply for the loan. It is an advertising rate used to attract more customers to the platform. However, the company must highlight the implications for users to understand. The Personal APR may differ from a representative one. It is based on your affordability, credit score and amount needed.
A soft credit assessment helps the creditor and the borrower analyse the affordability. It gives a glimpse of the basic costs and whether you can manage the payments. Getting student loans with a soft credit check in the UK reduces the possibility of loan default. It instead helps you get a loan that you can afford without affecting regular payments.
International students studying on a Visa in the UK may qualify for the loan. However, the qualification criteria may be stricter than those for citizens. You may get student loans for international students in the UK if you have a valid bank account. Additionally, your income must meet the eligibility criteria. If that does not help, the following aspects may work:
Yes, we do.
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