Do I Qualify for an £800 Loan in the UK?
Before borrowing any loan amount, one of the most important concerns to mull over is whether you qualify for the loan. Whatever reasons you have to request an £800 loan, you can always come to us for our exceptional lending services. The best part is that you get your loans online on the same day. To be eligible for an £800 loan, all you need is to confirm that:
- You’re over 18 years
- You’re a UK resident
- You’re a UK resident
- You have a bank account linked with an active debit card
- Your income is paid through your bank account
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Can I Apply for £800 Loans with Bad Credit?
Another concern you might have when borrowing £800 is whether you can apply for a loan with a bad credit rating. Well, guess what? That’s where UKBadCreditLoans comes in. We are here to ensure that people with bad credit can also be loaned specific amounts to help them meet their pressing money matters. So, yes, it’s possible to apply for an £800 loan even with bad credit.
Three Simple Steps to Get an £800 Loan in The Same Day
At UKBadCreditLoans, we strive to ensure that you don’t go through a lengthy process to get your loan. All you need is to follow the following steps:
1. Submit the Application
Submit your application for the loan request you’re after. This step allows you to get the best quotation depending on the amount you’re applying for. It only takes a few seconds before we determine the best quote that suits you well.
2. Wait for Approvals
Once you submit your £800 loan application, you will be prompted with an approval notice. Lenders will go through your application and evaluate your credit before giving you the loan.
3. Get Your Cash
Finally, you get your cash. It’s that easy. Our lenders won’t keep you waiting as they understand your pressing need for instant cash. The £800 loan will be deposited into your bank account in the next few hours.
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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).
Will UKBadCreditLoans Offer Me £800 Loans with No Credit Check?
Put simply, a credit check is a must. Our lenders will want to perform a quick credit check before approving your loan. The goal here is to assess your personal and financial details to ensure you meet our lenders’ requirements. It doesn't take long for the credit check process to complete. A positive result means that one of our lenders will approve your loan request.
From What Types of Loans Can I Borrow for £800?
There are two options to choose from when borrowing £800, including：
1. Personal Loans
Personal loans are ideal when you want to make a big purchase or pay off credit card debt. While good credit is important to securing your loan, bad credit can also be considered. The only difference with bad credit is that you will incur higher interest rates. It’s worth noting that your loan should be paid within 12 months. Nonetheless, depending on the amount you borrowed, you can negotiate with your lender for a reasonable payment period.
2. Short-Term Loans
As the name suggests, short-term loans have a short lifespan. Typically, they are paid within 12 months. One advantage of short-term loans is that, in some cases, you don’t need any form of collateral. Most people rush to get these loans when in dire need of fast cash.