Not just you, but anyone feeling cash-strapped seeks a quick loan approval. It is especially true when you need to meet an emergency requirement. However, one fears rejection due to poor credit scores or other issues. What if you wish to get guaranteed loans from a direct lender without basic credit checks and financial assessment? It would get easier and more thorough for you. But the reality is different, as it does not work like that.
Every responsible loan company, like Hugeloanlender, conducts basic affordability checks before approval. It is also identified as a soft credit check process. This helps us, and you know the amount you can fairly afford to repay comfortably. It eliminates the risk of borrowing more than what you can repay.
No responsible loan provider offers 100% approval on loans without credit checks. Therefore, guaranteed loans do not exist in the UK marketplace. You must undergo basic mandatory credit checks to determine the possibility of approval.
Individuals who can manage loan payments alongside basic expenses may get loans on guaranteed acceptance, like us. It reveals the potential of a person to clear the dues without defaulting. We aim to help you with financial solutions that work for you, not against you. Therefore, we do not guarantee loan approval. Instead, we analyse every application fairly and responsibly.
There could be confusion associated with what a guaranteed loan is. Let’s know both the literal and factual meanings for better understanding.
Definition in a literal sense: A guaranteed loan, in literal terms, would mean getting a loan regardless of credit score, affordability and financial circumstances. It means that a person can get any amount, regardless of whether they can repay or not. However, it puts the borrower in a difficult financial situation and breaches the basic standards of responsible lending.
Definition in a factual sense: Basically, guaranteed loans are unsecured loans that you may get only if you can afford the payments. Your income should be sufficient to manage the loan payments. You get it without much documentation and detailed checks. The facility is ideal for any small basic requirements like emergency needs, repairs, utility payments, etc.
The interest rates stay fixed but are competitive. However, you can set a budget and repay the dues on time.
Getting the loan requires you to go through an eligibility check. It enables you to know the chances of loan approval before making the final application. It is also known as the pre-approval process. You can know the approximate amount, terms, interest, and total amount you may get through this soft credit check process. All of this does not harm your credit score.
No, a basic or initial loan assessment or pre-approval does not guarantee loan acceptance. Whether you will get the loan depends on the eligibility criteria and the further loan process. After getting a basic quote, we ask you a few questions regarding your finances and personal information. You must provide details to get loans on guaranteed approval from us:
Afterwards, you receive the final decision from our side regarding the loan approval. You just need to provide some documents to get the funds in your account on the same day. Attach the original and a copy of the papers, like:
Getting guaranteed loans from direct lenders like us is smooth and easy. We never leave you guessing at the table. Instead, provide clear guidelines regarding document requirements. It improves loan turnover times and helps you meet needs promptly.
Payday loans are a financial facility favourable for emergencies. It involves getting a basic quote after applying. You can proceed only if you find the terms affordable. Later, you can repay the loan either in a lump sum by the next salary day or split the repayable amount into instalments (12-36 months). Under this, you can get no more than £1500 for your needs. Here is how you may benefit from payday loans:
Fast loan processing
You may get a guaranteed payday loan in the UK within 35 minutes of the application. It involves strict loan guidelines and is competitively priced. Therefore, the terms are straightforward to understand. You need to provide good earning proof that we can verify easily. It should not be something that you are not sure about.
Always provide the latest income evidence, even if you earn part-time. Our automated and error-free advanced technological process helps approve the loan quickly. You get the funds soon after approval.
No leg work, and get cash in the bank account directly
What could be better than getting quick cash without moving a leg? Ours is a 100% online application and approval process. You can pre-qualify, apply and get the loan through a safe and optimised channel. We ensure the confidentiality of your details by ensuring encrypted loan applications. Therefore, get payday loans with guaranteed acceptance without sabotaging your financial details.
No restriction on usage
Yes, you can use a payday loan for any small need or emergency. We approve the loan application if you seek one for a valid and legal purpose. Here are some common uses of these personal loans that you can get online:
Apart from this, we receive most applications to consolidate debts through these salary-day loans. It helps one ensure easy bill management and eliminate excessive interest burden. If you have multiple debts like 3000-pound, car loans, instalment loans, doorstep loans, or other loans, the facility may help.
You can also get guaranteed loans for debt consolidation if it helps you lower your liabilities. We do not want you to take a loan unnecessarily. Hence, it enables you to determine the best possibility to save money on instalments and interest rates before approval. Thus, feel free to connect with us if you struggle to decide.
Reliability is the most important factor when applying for a loan. You might have a thousand questions on your mind that you may stress about. Well, don’t keep it to yourself, as it would not solve the problem. Ask us anything regarding the loan policies and process without hesitation. You will get a detailed answer to your query from the application process to repayment and loan closure.
We understand that applying to a company for the first time for a loan is challenging. Fears like-
If you had a sense of relief reading this, you are on the right platform. You should be worry-free about the quote you get. We invest our years of expertise in fetching the best ones tailored to your expectations, needs and affordability. It should be easy on your finances and, simultaneously, be sufficient to meet your requirements. Here are the answers:
a) Can I trust the company with my money?
We provide a 20-day cooling period after loan approval. You can withdraw the application if you are not comfortable with the loan terms. We take total responsibility for your money by keeping track of your monthly loan payments. You don’t pay unnecessarily.
b) What if I cannot continue the payment? Will my loan enter default?
No, your loan will not enter default if you contact us after missing your first payments. Tell us the reason and get personalised help and a payment structure. It ensures you cover loan instalments without affecting basic needs. For example-
Suppose you borrow £1500 with a 5-month repayment term but cannot pay. Don't worry. Get 12-month loans if you struggle to pay within your current arrangement. It reduces your monthly payment and helps you spread the loan costs affordably. You can split these guaranteed monthly installment loans for people with troubled finances into equal monthly payments. It does not affect your budget and other financial needs.
Alternatively, don’t panic if you lose your job between the loan agreement. If your income falls below a specific level or you become unemployed, tell us. We are here to help, as you share high chances to get loans on benefits with guaranteed approval. Here, you must reveal the benefit income slip to qualify.
c) What if the amount does not meet my needs?
If the amount you get does not meet your needs, don’t worry. You can get more without filing an application from scratch. Instead, you can log in directly using existing/ initial credentials. Check the recent application you made and reapply by changing the amount. We do not charge extra for that. However, the change in amount may increase or decrease the interest and the total loan costs.
There could be multiple reasons behind aiming for a loan without a credit check. According to our recent applications, the most common issue is bad credit. Your profile may reveal signs like CCJ, pending rent, credit cards, utility bills, bankruptcy, insolvency, loan defaults, etc. These are red signals that reveal an ailing credit score. Seeking a loan with detailed checks may not be the ideal choice in this situation.
If you have been turned down for a credit card, instant decision loans or other loans, you may want to avoid that now. Thus, you may benefit from guaranteed payday loans from direct lenders with no credit check upfront. Your credit score remains unchanged after applying for the payday loan with an initial application.
Instead, the basic quote you receive after that helps you know the approximate (temporary) costs and chances to qualify. It is a quote that we provide after analysing basic aspects like (loan amount needs, purpose, and monthly income) that you provide on the application form.
Thus, you may get no-credit-check loans in the UK from a direct lender with guaranteed approval if you want to know the associated costs. Later, you may proceed if you find the terms valid and affordable. Anyone seeking a basic loan for emergencies and short-term needs can consider this one.
You may be waiting to get an answer to the question: Will I qualify with bad credit? Well, yes, you may get a loan despite pending bills, CCJ, defaults or bankruptcy in your credit report.
However, short-term loans like payday loans involve strict scrutiny of borrowers' finances. This is mainly true in the case of bad credit profiles. Non-preparation may affect the loan approval chances. Thus, prepare the following aspects before applying with a direct lender for bad credit loans on guaranteed approval:
1. Provide a consistent income source
The word “Payday” implies “that you pay the dues the day you get the salary”. Income is the crust of the loan approval. Individuals with any reliable source of earnings may qualify. We also provide loans to pensioners, students, the self-employed or single mothers. However, your monthly repayment should not consume over 30% of your income to qualify.
2. Review your credit report for mistakes
Your credit report includes the history of your financial management. It contains details like credits you have, debts paid, pending debts, income, credit score, and personal information. Therefore, check one and report the errors to credit agencies (if any).
It will help you get cheap guaranteed loans for bad credit from direct lenders like us. Paying debts, reporting errors and updating information improves the reliability of the borrower. Hence, you may qualify for the loan with us.
3. Provide a guarantor
Guaranteed loans are often associated with another meaning- "Guarantor-oriented loans". You could define it as – you may qualify for the loan with bad credit by providing a guarantor. It is a condition for individuals with no limited or unverified income and a low credit history.
Individuals with minimal income and no credit history may also get the loan. It is ideal for people needing a higher amount, like over 5000 pounds. You may need one for – repairing the backsplash, or roof or paying off Christmas loans.
It helps you fetch £10000, which is repayable over 36 months. We analyse the credit reports and financial affordability of the borrower and guarantor. The income and credit of the guarantor should be higher than that of the borrower to qualify. It may help you fetch relatively cheaper terms.
| The amount you can get without a guarantor on guaranteed loans | £5000 |
|---|---|
| The amount you can get with a guarantor on guaranteed loans | £10000 |
Alternatively, if you hold a regular income sufficient to afford the payments, you don’t need a guarantor. Instead, you may get bad credit loans with guaranteed approval, with no guarantor from a direct lender like us. Under this, borrow only what you can afford to repay. Identify your monthly expenses and put them against the cash needed. It will help you analyse the right amount.
Customers from all around the country contact us for cheap and responsible guaranteed loans online. You never pay an extra pound to Hugeloanlender. This is what we promise and stand by in each of our loan offerings. You can get immediate approval by showcasing the potential to pay it off timely. Moreover, cash emergencies may arise at any time. Therefore, don’t hesitate even if it’s the weekend! We are happy to help!!
You must analyse the affordability factor before applying. Identify whether you can afford the amount you want. If not, never move ahead with the loan application. It may affect your credit score and finances. Additionally, check the hidden costs and terms that may increase the loan amount. We are transparent about every charge. Hence, you can ask us anytime.
The fact is 100% guaranteed loans do not exist. However, you may get a loan if you meet the affordability and eligibility criteria. You should check for the following signs before seeking such a loan type. If you spot any of these, run away.
Yes, it is likely to cut down the loan costs. You can do that by comparing your options and fetching the terms with the lowest interest rates and APR. Here is what to do next:
Our process for loan applications eliminates any hassle. It is ideal for first-time applicants or returning customers. Here is the step-wise process:
Yes, you can get guaranteed approval on payday loans with reputable firms in the UK like Hugeloanlender. It prioritises customers’ comfort, privacy and requirements while providing the online loan. You can trust the company for fair terms, affordable interest rates, flexible repayment options and ease of application.