We need money to live our lives properly. We generate some income sources for this, but sometimes, these needs are such that we need additional funds. In such a case, installment loans become a dependable and popular option to fulfil short- to mid-term requirements. If you need to raise funds in less time, at lower interest rates, through a smooth process, direct lending is a promising alternative.
Bargainloans offers funds within a maximum of 1 day through immediate decision. The application procedure is 100% done through the digital process. Hence, everything becomes convenient and easy in less time, from approval to disbursement of funds.
With a mobile-friendly online process, you can easily apply for a quick decision on installment loans even during your daily commute. If you are currently facing a need for additional funds, apply today. You can take a loan at lower rates without a guarantor or collateral.
We will take a decision as per your repayment capacity. Accordingly, we offer you the best deals. Start now.
Installment loans are a popular borrowing type used to get funds for diverse purposes. Payments are made in regular and fixed installments. These loans are commonly used for car purchases, personal expenses or debt consolidation. They have some specific features like -
If you only want a loan quote, that is possible with a soft or no credit check. Apply for installment loans with no credit check from direct lenders to get your free loan offer now.
Installment loans with no guarantor work through an easy process. Following a few basic steps, you can apply for the funds online and receive the money in your account within no time. Let's find out how it is processed.
There are many different types of installment loans. All those available through fixed and easy installments fall into these loan categories. Let's know about their different types.
Personal loans - This is a popular loan type that needs no introduction. You can repay them for your personal needs through fixed and affordable installments. There is no need to mention any specific purpose while applying for funds. It would not be an exaggeration to mention that personal loans are the first and the oldest type of instalment loan.
Poor credit loans - As the name suggests, the direct lenders for poor credit installment loans< are specialised loan products. It is a practical financial solution for people struggling with poor credit situation. However, the interest rate is higher than those available to good credit people. Don’t worry; the total cost always fits into your budget due to bespoke loan offers.
Loans on benefits - If you are surviving on government benefits like unemployment benefits or personal independence payments, apply for these loans. Some lenders do not consider the earnings from benefits as income, but at Bargainloans , we believe in following flexible lending policies.
Debt consolidation loans - If you face multiple debts, debt consolidation loans can be a potential solution. You can merge all your debts and convert them into a single debt. This will prevent your monthly budget from getting disturbed. By paying just one installment every month instead of multiple installments, it is simpler to manage debt.
The procedure for bad credit installment loans in the UK is similar to that for standard loans. However, you have to keep two major factors in mind.
The loan may get rejected if you apply for an amount larger than your credit purchase power. Also, ensure you do not apply to multiple lenders for funds.
Compare, select, apply to only one lender, and borrow at affordable rates. This is why most financially aware applicants apply for installment loans for bad credit from direct lenders only in the UK. In the hurry to borrow money, borrowers often apply to multiple loan providers. Some keep switching between mainstream and online lenders. But that is not the right and rational approach. It is simpler to borrow funds using online lending if you avoid some bad habits.
Whenever a lender performs a hard credit search on your financial records, your credit rating decreases by a few points. This is why hard checks by multiple lenders with poor credit rating can hurt your financial records. Apart from this, a personalised and 100% online loan process with instant approval decisions offers funds without any discrimination.
You can find many reasons to choose instalment loans from direct lenders for a money crisis. In all the following ways, the loans are the ideal choice when you are in need.
Many borrowers consider installment loans and payday loans the same. However, there are considerable differences that you should know about when making informed decisions.
| Installment Loans | Payday Loans |
|---|---|
| Longer repayment period that spans from a few months to several years. | Typically, repaid within 30 days or your next payday. |
| Lower rate of interest with individualised loan offers. | High interest rate due to super speedy funding within an hour. |
| Used for short-term and medium-term financial requirements. | Used only in case of last-minute financial emergencies. |
| Get funds within 24 to 48 hours as per the loan amount and repay capacity of the borrower. | Get funds within an hour, as the loan is designed to facilitate instant funding. |
Varied factors are decisive in deciding the rate of interest. The majority of factors depend on the personal financial circumstances of the applicant. Besides, the market conditions are also responsible.
The decisive factors are -
We can give you some potential reasons to choose us as your installment loan lender. Determined to fund the maximum possible loan applicants, we follow the rules to offer you the best borrowing experience.
| Modern tech integration | Better repayment terms |
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| Credit Considerations | No-discrimination lending |
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| Eco-friendly and paperless | Services specific to borrower’s work industry |
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Bargainloans is always waiting to support you during tough times. Get installment loans for bad credit from direct lenders only with no guarantor and solve all your concerns. With our fair and immediate procedure, you get the money in the shortest possible time. We aim to offer easy loans to fund seekers across the UK. Simplified loan process and eligibility criteria serve you better, irrespective of credit score and employment status. Stop waiting, start acting - Get no obligation installment loans.
Yes, you can apply for loans with other active debts if you can prove the repayment capacity. The installment loans are also used for debt consolidation; therefore, having other obligations is not a reason to reject you. It is only about your payback capacity. The debt-to-income ratio also matters, so pay off some small debts before applying.
Bargainloans has a high approval rate. Therefore, there are rare cases of loan rejections. But if it happens, the following are the consequences.
You can reapply after rejection with some precautions. Wait for some time before you apply next time. Try the soft credit check tools to know your eligibility for a new loan. Avoid unnecessary hard credit searches this time.
Pensioners and students can get a loan based on their repayment capacity. Direct lending is not only about stereotypical lending methods. We easily approve funds irrespective of employment status. We can approve funds as long as the applicant can prove the capacity to pay back. Strengthen your finances enough to meet eligibility conditions and borrow funds.
Yes, not all lenders, but a few, including Bargainloans , allow immigrants to borrow money. However, we need all the authentic financial and personal details for that. It is vital to show a proven residential address. Also, there will be a detailed background check and a study of your repayment capacity. After the necessary checks, we can approve your funds.
Bargainloans offers free loan quotes through no credit check, which is a soft check. This usually benefits those applying for direct lenders for bad credit installment loans. Apply for a soft check quote. In a few seconds, you will receive the quote with the decision on approval and the approximate loan cost. This includes the interest rate and repayment plans.