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Your One Stop for Loans
It doesn’t matter what kind of financial situation you are in, what your credit is like or what your bank told you when you tried to get a loan from them. We have so many lending options available through lenders we broker for that just about everyone is eligible for some of these loans. Our lenders offer both personal and short term loans, ranging from just a few months’ duration up to 36 months. You can choose from small loans you pay back quickly to larger loans that take years to repay.
Your options are immense, when you choose Lendplex, and we make it easy for you to discover the one loan that fits your needs perfectly.
300 Loans in the UK: Finding the Best Loan Solutions
With the incessant increase in the demands for loans and other loan services in the recent years, the consequent surge in the number of borrowers with unpaid debts has prompted traditional lending institutions and firms to devise a system that will help them easily address these problems. As a result, a credit scoring system was designed specifically to work towards the lending institutions’ agreed ends. Under this credit scoring system, lending institutions were given the power to easily segregate borrowers according to their finances. Through this system, individuals who were earning less than what the lending institutions have decided as the required minimum were consequently given poor credit scores, while borrowers who frequently or repeatedly missed out on their recurring payments had their records automatically indicate their bad payment history. With this credit scoring system in place, borrowers whom the lending institutions deemed to be unlikely to be capable of paying off their loans in the future were easily segregated from those whom they perceived to be likely capable of paying off their debts without any problem. As a consequence, borrowers with bad payment history and poor credit scores were automatically precluded from acquiring loans from standard lending institutions and firms.
But although this credit scoring system proved to be highly helpful to the lending institutions, its long term effects to the borrowers’ finances proved to be detrimental. Since borrowers with poor credit scores and bad payment histories were no longer allowed to secure any type of loan from any legitimate lending institution, they were left with very few, often unacceptable or utterly impractical financial resolutions in times of urgent financial situations. And because selling properties in order to raise money, as well as asking for money from friends or members of the family can be impossibly difficult for many borrowers, a lot of them were forced to resort to taking underground loans from illegally lending individuals and firms. But while through this method, borrowers often find the temporary monetary relief that they sick, the long term consequences associated with these loan alternatives leave many borrowers in even more difficult financial circumstances. Due to the excessively high interest rates that are inherent to underground loan services, many borrowers often fall into a never-ending cycle of difficult financial crises.
Getting 300 Loans for Bad Credit
With the growing number of borrowers with bad credit who found themselves in the same cycle of difficult financial circumstances, a whole new market comprised entirely of individuals and other borrowers with poor credit scores and bad payment histories was, inevitably, eventually created. And as demands for more acceptable, more affordable and flexible, and more secure loan services continued to rise in this newly formed market, traditional lending institutions and firms eventually decided to come up with innovative new loan solutions. Through innovative new loan services such as 300 loans for bad credit, borrowers now have immediate access to more flexible, more affordable, and a lot more secure loan solutions especially in times of critical financial situations. With innovative financial solutions like 300 loans for bad credit, borrowers now have much faster and more convenient loan choices. Unlike applications for a lot of the conventional loans being offered by many traditional lending firms, application procedures for innovative new loan services such as 300 loans for bad credit entail much simpler and faster processes — where borrowers no longer have to wait in long lines for long hours, nor do they have to endure even longer waiting when it comes to their applications’ approvals and release of funds. Through innovative new financial services like 300 loans for bad credit, borrowers need not have to settle with illegal loan alternatives.
How to Get 300 Loans and Instant Loans for Bad Credit
With the latest development in security and technology, as well as the still ongoing evolution of the lending industry, borrowers finally have access to faster and more convenient loan services — even despite their bad credit. Through innovative new loan solutions such as 300 loans and instant loans, borrowers can now enjoy the convenience of being able to submit their applications even right straight out of the comfort of their very own homes. And because loan applications can now be completed entirely online, borrowers finally have the convenient option of being able to submit their applications from anywhere and at anytime. Since both the application forms and the requirements for 300 loans and instant loans may now be submitted over the internet, borrowers can now expect for their loan applications to be processed as soon as they are submitted. Approvals of applications for 300 loans and instant loans, meanwhile, may now be completed within minutes after they are processed. The release of funds for approved 300 loans, on the other hand, may now accomplished even on the same day that the loan applications were submitted.
Due to these highly useful and convenient features of 300 loans and instant loans for bad credit, these loan services actually make great loan alternatives to immediate financial crises. But because of the fact that these types of loan solutions are generally small loans that borrowers have to pay over in short payment terms, these do not make good options in addressing more complicated financial situations. In addressing financial issues that require loans in bigger amounts and longer payment terms, borrowers are always best off taking secured loan solutions, which can easily be paid over in much longer payment term conditions.
Getting 300 Loans from the Direct Lenders
A lot of borrowers tend to believe that just because taking loans from the lenders directly does not involve paying for loan brokers’ fees, it also follows that this method yields more benefits. What many are often unaware of, however, is the fact that because loan brokers have connections to different lenders across numerous regions, they consequently have access to better offers by all these different lenders. Because of this, borrowers who opt to secure loans through loan brokers’ services actually reap more benefits and enjoy much more savings in the long term.
Representative APR is 1325%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £33.60 followed by £96.00, £75.84, £66.88, £62.40 and £48.96 the following months. You will repay £383.68 in total, there are no additional fees.
A loan of £7,500 over 5 years will cost you £157.40 per month at a representative 9.9% APR.
The total cost after 5 years is £9,443, which includes £1,763.93 interest at 8.8% fixed and a £180 fee. The total amount of credit is £7,680.
How Much Do You Charge?
Lendplex charges nothing for its services. We have no payment options available on our website, as you may notice, because we never charge you. Additionally, you don’t have to pay the lenders extra just because we are bringing you and them together. Our services are completely free of charge.
How Long Do I Have to Repay the Loan?
The length of the loan depends on two factors- how big the loan is and what the lender’s terms are. Each lender has their own terms, and the larger the loan is, the longer you usually have to repay it. Interest rates may change as well based on loan length and the size of the loan.
Be sure you pay attention to the lending terms, as it is important to pay back the loan on time and in full. If you don’t, then you will have to pay additionally. How much extra you will have to pay will depend on each lender’s own terms.
Is It Easy to Be Approved for a Loan?
This is the biggest hurdle many people have to overcome when they want to get a loan- eligibility. Either they simply aren’t eligible or they fear they aren’t. Many people believe they would not be approved for a loan because they simply don’t have a lot of money to pay for a loan. What they may not realize is that with all the lending options our lenders have available, there is likely a loan or two that will fit just about anybody. You may be able to find one that you can pay very gradually on without a lot of interest and still get the full loan amount you are looking for. You won’t know until you try our loan matching service, though. It’s fast and simple, and you can find out in moments if you are eligible.
5 most recent personal loan reviews
I didn't expect that I would get a loan being that there was so many loan companies with so many requirements. When I tried Genie Lending, the process was swift, as soon as all my documents were sent to them. I am impressed and happy beyond words. It was such an easy process. Rates were quite high but that's expected for a bad credit loan. Thank you team Genie.
Review posted by Emmanuel Forsberg, Stafford
Ease Of Use
Value For Money
Very easy and very honest about what they offer and the rates are very good as well. Also the people I spoke to was very easy to talk to. Definitely would recommend to anyone in need of cash quick long or short term. Ps thanks Joseph
Review posted by Daniela Hyatt, Luton
Ease Of Use
Value For Money
My wife has very poor credit and was in urgent need of a new vehicle to get her too and from work. Luckily Everyday Loans agreed to give her a loan, which should start to build up her credit. The application was quick and easy (she did it on her phone over breakfast), and the money was sorted out within a couple of days. The interest rates seem very fair too considering the credit score.
Review posted by Gary Coombe, Glastonbury
Ease Of Use
Value For Money
We source our reviews from TrustPilot to ensure authentic results.
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.
Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances