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Financial crisis is something that lands a hard slap on your face at the most unexpected times. If you are already going through a tough time and making ends meet in a tight monetary situation, then it is going to be a blow to be faced with another unexpected financial urgency. If it is a sad one like an accident or a medical emergency, then the mental tension is not something you can describe. Borrowing loans from a bank seem quite unpractical as your tight monetary condition may not suggest a great credit score. So, the bank will outright reject the loan application. The next possible option would be to borrow a quick loan from a private lender or financier.
There are many possible loan options to choose from when you need an urgent financial aid. But you will have to choose wisely by understanding your requirements, preferences, and limitations. If you need a loan immediately, then it is best to choose something which does not take a long time for processing and is granted as soon as possible without many hassles. The most common options for this are the – no credit check loans and the no guarantor loans
Fill in the application form and provide your basic details for us to know about you.
Our financial team will carry out soft verification process and will give instant decisions regarding your loan approval.
Once the loan application is approved, the money will be in your active bank account at the earliest.
A guarantor is someone who gives a guarantee that the borrower will repay the entire loan amount as scheduled without defaulting any of it. In case the borrower dodges a payment, then the guarantor has to pay the remaining debt amount to the lender. Usually, a guarantor will sign an agreement with the lender stating that in case the borrower defaults the payments, he will take over the payment dues and repay them. Since there is a guarantor or a co-signer available, the lender is not at high risk of losing money. Many loans also have a guarantee instead of a guarantor. The guarantee is in the form of a physical asset like a house, vehicle, etc. which will be placed a surety with the lender until the payment is completed.
Coming to the ‘no guarantor loans’, as the name suggests, these loans do not need any guarantor to back up the borrower while applying for a loan. They are more like unsecured loans which do not need a co-signer or collateral to be placed as security for the borrowed loan amount. The lenders will just carry out a soft verification to check how genuine the borrower is. There is not much paperwork involved which makes it even simpler and confirms the quick approval times.
There are many different types of no guarantor loans in the finance market. They include the payday loans, unsecured installment loans, wedding loans, home improvement loans, etc. Most of these loans can be easily availed without having to place any guarantee and they are also available for people with poor credit scores.
Availing an unsecured loan at FleetQuid is very easy. You just have to fill in the online application form on the website and submit it with the required details. Our finance team will not ask for any guarantor and will not consider your credit scores as a qualifying criterion. We will go through your application form and if all the criteria have been satisfied, the lender will carry forward the loan process. Once the loan is approved, the money will be in your account at the earliest.
At FleetQuid, your application form will be in the hands of reliable licensed lenders who will abide by the regulatory laws. They will work with you by considering your preferences and limitations and will provide suitable loan terms. So make sure that you are aware of all the terms correctly and stay alert at all times.
Representative example: £1500 loan taken over a 12-month term will have a total payback amount of £1,764.96, at an APR of 36% with a payable interest of £147.08. The loan amount does not need to be paid as a lump sum and can be repaid in installments.
FleetQuid is not a direct lender but functions as an authorized broker who is thoroughly regulated by the FCA. We provide free services for our customers to use this website. We work by comparing the loan options from more than 40 lenders as per your requirements and will get you the most preferable options with the lowest possible APR. You can apply for a loan amount ranging from £100 - £5000. The lenders will apply considerable APR with the maximum being 36%, depending on the loan amount and other factors.