What Is an Easy Loan?
An easy loan is a type of quick loans that applies a fast process with simple steps and concise personal checks that happen almost instantly so that the borrower can have access to the money as quickly and conveniently as possible.
These loans are getting more and more popular due to the increase in demand for a quick and easy way to take out loans. Not only available in-store, many lenders also offer easy loans online which means that the borrowers can easily apply and go through the whole process from their homes.
How Easy Is It to Get an Easy Loan?
It is actually very easy, especially if you use the service of UKBadCreditLoans which instantly connects you to potential lenders. The whole easy loan process includes:
There is so little paperwork and very few questions. Also no need for any unnecessary documents.
You will get responses right after the lender see you can prove your capability to complete the repayments within the agreed terms.
The funds (can be up to £5000) are provided at any time within the next few hours after your approval. And you are free to use them as you want.
Looking to Borrow Money Easily?
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).
What Are the Eligibility Requirements?
Easy loans gain popularity not only because of the speedy process but also because of the simple eligibility requirements which are very lenient. You can qualify for the loans if you meet the following conditions.
- At least 18 years old.
- A UK permanent resident
- Have a stable income from working full-time, part-time, or other sources of earnings.
- Pass the credit checks according to the lenders’ criteria. Some lenders are fine with bad credit.
|How much can I apply for?||£100 to £5,000||Zero-obligation quote|
|Length of the repayment||1-36 months||Quick payout|
|Interest rates (variable)||49.7%||Zero paperwork|
|Can I apply with poor credit standing?||Yes||Bad/low credit considered|
|Do I have to pay a lump sum?||No||Flexible repayment|
|When am I allowed to apply?||24/7||2-min simple application|
Is It Required to Go Through a Credit Check?
Yes. Under UK regulations, lenders are legally required to run credit checks before approving any loan application. However many lenders have moved past the traditional way of assessing borrowers’ capability of paying back by solely relying on their credit score. So, more and more lenders would offer you quick cash even if you have bad credit.
That being said, specifically finding lenders that are willing to overlook your bad credit sometimes could be difficult and time-consuming. UKBadCreditLoans can instantly connect you to those lenders, and speed up the whole process.
If I Have Bad Credit, Is It Still Easy to Get a Loan?
It is still relatively easy, especially if you come to lenders who specialise in bad credit. As people have realised that assessing borrowers’ credibility through their credit ratings alone often can’t do justice in determining their real capability of repaying the loans, more lenders are willing to offer loans for bad credit.
However, you are still heavily required to prove that you have a source of income that enables you to complete the repayments. And it is also advised to always be cautious of some untrustworthy lenders that may use the term ‘no credit check’ just to attract more people.
How Can I Find a Right Easy Loan For Me?
The quickest way is by using the service of UKBadCreditLoans which connects you to reliable lenders. We understand that the right loan for a person may not be quite right for the next person. That’s why our system matches your loan submission with lenders from our network based on three main criteria.
- Income rates.
- Residential circumstances.
- Employment status.
Don’t worry about bad credit! As long as you mention it in your submission, we will try our best to find lenders that don’t concern much about credit ratings and agree to only run soft credit checks before you decide to go with the loan offer.