Are you looking for a personal loan in the UK but don’t have a guarantor to furnish? Do you urgently need money and want to repay in a year? London Loan Bank is one of the topmost lending companies of the UK which offer various types of loans including 12 month loans. Our guaranteed 1-year loans are hassle-free, easy-to-repay, and carry no hidden charges. Now, you don’t have to take a day off or knock doors of various lenders to get the installment loan. You just sit on the couch with a relaxed mood and fill our form online to get a 12 month payday loan with no guarantor required.
For all those looking for 12 month loans from direct lenders, we work with the particular motives to serve the financial interests of those living in the United Kingdom (UK). These are:
Attractive Lending Offers to First Time Borrowers: Yes, indeed. We always look forward to give maximum benefit to our first time borrower. When they apply for our 12 month loans, we can offer them low interest rates despite they do not have any credit history. We follow the no credit check policy and thus their lack of credit history does not matter. In fact, they get much preference in repayment terms too because we want to offer them an opportunity to build a strong credit history.
Responsible Lending: Borrowers come to our website with a hope of getting some easy financial solutions with instant disbursal. We work accordingly so that they can get exact from us. It is the reason why we first analyse your financial condition and then prepare a personalised loan offer that can solve all their financial queries.
Easy Loan Procedure: Yes, it is a very crucial part of a loan process. During the financial emergency, you hate to involve in lengthy procedure and thus, London Loan Bank has brought the online lending procedure that takes hardly 15 minutes to complete. More importantly, the borrowers can save their time with no paperwork involved.
Competitive Interest Rates: Before starting our company, we realised that most of the people could not apply for the loans just because the interest rates were so high. It happened mostly to the people with poor credit score. We are the new age lenders and thus give equal opportunity to these individuals to get the loans on competitive interest rates.
Equal Lending Prospects for Tenants: Financial problems do not discriminate between homeowners and tenants, as anyone can have such trouble. We always believe when problems do not discriminate then why not solutions do the same. Therefore, we have opened our lending policies for tenants too so that they can also live with a peace of mind despite living on rent.
Life is full of financial surprises and one may need an urgent loan to clear the unexpected expenses. We at London Loan Bank understand the gravity of your financial crisis and approve the loan amount without carrying out credit check. Yes you read it right! We offer loans with no credit check at a competitive APR. Our loan approval process is so quick and we credit the loan amount directly into your bank account. You can repay the borrowed loan in 12 month in easy monthly installments. We just simply make your life hassle-free!
Is your credit history too poor to get a loan? Are you in need of an emergency fund but couldn’t apply due to your bad credit history? We are committed to offer wide range of installment loans to all types of credit score borrowers. We don’t discriminate our customers and always strive for their 100 % satisfaction. Our 12 month payday loans for bad credit are quick, hassle-free and cheapest. To get a 1000 pound loan for a year, apply online right now! Our team of experienced lending professionals will review your application, approve it and disburse the loan amount in the minimum period of time.
Well, it would be very tough to get 12 months loans with such a low credit score. Mainstream lenders, in particular, are too much strict on their rules and regulations. However, but at the same time, it is not necessary that loan options are totally closed for these people. There are some direct lenders in UK, which are offering these loans with credit score of 200, but with certain obligations. First, you either have to provide collateral or must have a guarantor while applying Second, your income status should be sufficient to maintain the repayments If you are able to fulfil these conditions, then lenders like London Loan Bank can easily approve your loan application.
A bad credit score and no guarantor are the two possible reasons why the loan applications get rejection. As far as second one is concerned, it has been an important obligation and a reliable one for the lender in getting the repayments. By looking at the difficulties of finding out the guarantor, especially for those with poor credit scores, a few direct lenders like London Loan Bank have taken the initiative to approve the applications on 12 months loan without guarantor’s signature. Instead of this obligation, the lender approves the loan request on the basis of borrower’s income capacity. As long as you are employed, no one can deny your loan application and with proper repayment, credit scores can also improve.
Yes, you can get a loan with a credit score of 500, but you will end up paying very high interest rates as it is very poor credit rating. Not all lenders provide loans to people with very bad credit score. Therefore, you should do enough research. Note that you will be able to borrow money only when you have settled county court judgment (CCJ). If it is active on your report, no lender will approve your loan application. If you take out a loan with very poor credit score, make sure that you analyse your repayment capacity.
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You could borrow £3,000 over 24 months with 24 monthly repayments of £156.47. Total amount repayable will be £5,632.94. Representative 46.8% APR, Annual interest rate (fixed) 46.8%.Terms and conditions apply. Subject to change without notice. UK residents aged 18 to 79 years.