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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.
Guarantor Loans in the UK: Finding the Best Loan Solution
For borrowers who may have difficulty securing loans in higher amounts due to their unimpressive credit standing, getting guarantor loans is the next best option. With the incessantly increasing demands for loans and other loan services, and the subsequent proliferation of borrowers’ unpaid debts, traditional lending firms and institutions devised a credit scoring system specifically designed to address such problems. Through this credit scoring system, lending institutions and firms were given the capability to easily classify borrowers according to their respective financial capacities. Borrowers whom the lending institutions perceived to be likely capable of paying off their debts in the future were easily separated from those whom they believed are unlikely to pay off their debts at all. Under the same credit scoring system, individuals and borrowers with income levels that do not meet what the lending institutions have decided as the required minimum were given poor credit scores, while borrowers who, regardless of their reasons, missed out on their payments either regularly or repeatedly, found their financial records automatically indicate their bad payment history. With this credit scoring system in place, individuals and other borrowers with bad payment history and poor credit scores found themselves automatically precluded from acquiring any type of loan from any of the standard lending institutions and firms. And while this system was proven to be extremely useful and helpful to the lending institutions and firms, its effects to the borrowers finances proved to be extremely detrimental in the long term.
Because borrowers with poor credit scores and bad payment history were automatically disqualified from securing any kind of loan from any of the legitimate lending institutions and firms, borrowers with bad credit who find themselves in unexpected financial predicaments were often left with very few, impractical, and often unacceptable alternatives. For many, borrowing money from friends or members of the family — as well as selling off one’s personal property — may not always be plausible nor easy. Due to this, many borrowers with bad credit often were often left with no other option other than to take underground loans from illegally lending individuals and firms. And while through this option, borrowers are given the temporary financial relief that they urgently need — the long-term repercussions associated with such loan conditions often leave borrowers in even worse financial situations. Because of the excessively high interest rates associated with under ground loan services, borrowers later on find themselves in an endless cycle of financial predicaments.
Getting Guarantor Loans for Bad Credit
With the continued increase in the number of borrowers with bad credit who found themselves in the same cycle of perpetual financial predicaments, a new market composed completely of borrowers with bad payment history and poor credit scores was eventually created. And as demands for better, more affordable, and much safer financial alternatives continued to rise in this newly formed market, lending institutions and firms later on launched innovative new loan services.
With innovative new loan solutions such as guarantor loans for bad credit, borrowers now have far better options in times of unexpected financial crises. Through these innovative loan services, borrowers now have easy access to more affordable financial alternatives, even despite their bad credit. And unlike application procedures for many of the conventional loans normally being offered by traditional lending institutions and firms, applications for innovative new loan services such as guarantor loans for bad credit are much faster and a lot simpler.
Guarantor loans are actually loans that borrowers can easily avail of with the help of guarantors — who can be individuals or firms who have good credit standing, and are able and willing to repay the borrowers’ loans, in case they default on them for whatever reason.
How to Get Guarantor Loans and Instant Loans for Bad Credit
With the latest developments in technology and security, as well as the continuous evolution of the lending industry, borrowers now finally have access to loan options that are much more affordable and much more convenient. Through innovative loan solutions such as guarantor loans and instant loans, borrowers can now easily submit their loan applications — even right straight out of the comfort of their own homes. With innovative lending services such as guarantor loans and instant loans for bad credit, loan applications may now be completed entirely over the internet. And since everything can now finally be done online, borrowers now have the choice to submit their loan applications from anywhere they are, and at anytime they want. Through guarantor loans and instant loans for bad credit, applications are processed as soon as they are submitted — while approvals can now be expected in just a few minutes after the applications were processed. The release of approved guarantor loans, on the other hand, may now be completed as early as the same day the loan applications were actually submitted.
Because of these highly convenient and useful features of guarantor loans and instant loans for bad credit, these loan options actually make good solutions to urgent financial conditions. And since guarantor loans can be in much higher amounts and much longer payment terms, these types of loan services make great resolutions even to more complicated financial conditions.
Getting Guarantor Loans from Direct Lenders
For a lot of borrowers, the common misbelief is that because taking loans from the lenders directly do not involve having to pay for loan brokers’ fees, it only follows that it yields more benefits and savings in the long term. What many of them do not understand, however, is that since loan brokers have massive connections to different lenders across various areas, it also follows that they have extensive access to all the deals and discounts being offered by various lenders across their different services. Because of this, borrowers who opt to take loans through loan brokers services actually enjoy much more savings and far more benefits in the long term. And since providing expert financial advise is part of loan brokers’ services, borrowers are actually guaranteed the best loan alternatives according to their unique financial circumstances.
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