What Can an Emergency Loan Be Used for?
Emergency loans can be used for different reasons. It all depends on the personal challenges you might be dealing with. For instance, you can use your emergency loan to:
- Pay your business loans
- Pay for car repairs
- Pay for travels or journeys
- Pay for a hospital bill
Apply with us today and get your quotation. You can apply for as little as £100 up to £5000. Remember, it doesn’t matter the amount you are applying; our lenders can loan you the amount within the same day.
Am I Eligible for Emergency Loans in the UK?
As an accredited broker, our partnered lenders provide instant cash loans by adhering to a strict responsible lending policy. Consequently, when you are applying for your loan, we need to establish that you meet the following legal requirements:
- You must be 18 years or older
- Live in the UK and have a permanent UK address
- Own a current UK bank account
- You must be salaried
If you meet all these requirements, the application process shouldn’t take you long.
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Get an Emergency Loan Online with UKBadCreditLoans
1. Tell Some Basic Details
Fill out the loan application form provided to you. Make sure you provide us with accurate information so that we can get an ideal picture of your financial situation. Wrong or erroneous information might delay the approval process.
2. Get Offers from Our Lenders
Our lenders will quickly review the details provided and send you an approval notice. This should inform you whether you can get a loan or not. In most cases, the main thing to consider here is whether you can afford to repay the emergency loan.
3. Receive the Money You Need
If lenders see that you qualify for a loan, you only need to agree to the mentioned terms and conditions, and your loan will be sent to you. Our lenders boast of being the best urgent loan provider. You can be confident of getting the assistance you need when you need it most.
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Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Is UKBadCreditLoans a Direct Lender?
We are a broker. This means that you get the advantage of access to a pool of lenders. You don’t have to try your luck by applying from one lender to another. We will link you to the best lenders who will offer you the help you need. So, we do the evaluation to ascertain that you are dealing with trustworthy providers.
Besides, unlike direct lenders, we have no hidden fees whatsoever. The quotation you get from us is the money you will be paying your lender. UKBadCreditLoans doesn’t charge you a fee for matching you with money lenders.
1. Can I Apply for Emergency Loans with No Credit Check?
A credit check is part of the legal requirement that a lender should meet. Therefore, before an emergency loan is approved, a credit check is a must. This shouldn’t worry you since it does not affect your credit rating. Consider it a routine check to ensure we are connecting lenders to people who can repay their loans.
2. Can I Get My Loan Even with Bad Credit?
UKBadCreditLoans does just that. We are there to extend our financial assistance even with bad credit. Your past credit history will not prevent you from getting an emergency loan. We understand that your current financial situation might have improved. So, you deserve a financial boost to fix a few issues here and there.
3. What Happens If I Fail to Repay?
Our lenders always strive to provide our clients with flexible payment terms. In the event that you fail to repay your loan, we will send you several reminders about your pending payments. Failure to repay the loan in spite of our efforts to notify you, the account will be sent to a collection agency.
4. How Quickly Can I Get My Emergency Money?
It’s very easy to get a loan from UKBadCreditLoans. The quickest way to do this is by sending your application through our website. Once our lenders review your application and are confident in your repayment ability, the money will be deposited in your account within the same day.