Apply to borrow from 100 to 25000*
- Instant Decision
- 60-Second Application Form
- From £1,000 to £25,000
- Rates from 5.7% APR to 278% APR*
- 3-36 month repayment
Apply to borrow from 100 to 25000*
- Online decision
- Responsible lenders
- Apply to borrow up to £3000*
- Rates From 278% APR – 1576% APR*
- 3-12 month repayment
What Are Unsecured Loans?
Even without collateral to pledge, there are still options to choose when applying for a loan. For loans without security deposits, these types of loans are considered unsecured. Unsecured loans allow borrowers to request for funds without giving up an asset as a security deposit. Personal loans, payday loans, credit cards, and student loans are just some examples of an unsecured loan. It is a very convenient source of funds without having to deal with the complicated approval process. However, these types of loans are often accompanied with higher interest rates.
How will MY
To apply, you don’t have to leave your homes or travel miles. The process is amazingly fast and secure. All you need to do is to fill up a form online. In as fast as two minutes, you can have the result of your application without waiting hours in long lines. Your personal and banking information is safely secured.
Paid Into Your Account
Once approved, the borrowed funds are immediately sent to your checking account. No fuss, no hassle. In just minutes, you get the money that you need without going through complicated requirements and documents. A perfect solution for emergency situations.
Your credit problem is never a problem with us. Even with bad or poor credit, you are still eligible to take advantage of our services. Our lenders offer cash assistance without the need for you to undergo a credit check. If you can pay the loan on the agreed schedule, your credit line will never be a problem.
- WHAT ARE PAYDAY LOANS
- HOW DO I APPLY?
- MUST I HAVE A GUARANTOR?
- WHAT’S IN IT FOR US?
- HOW LONG DOES IT TAKE TO GET PAID OUT?
A PAYDAY LOAN IS A TYPE OF CREDIT THAT IS SUITABLE FOR WHEN EMERGENCIES OCCUR
If you find yourself stuck in the middle of nowhere with no money in the bank and no cash on hand, the best thing that you can do is to apply for a payday loan. Payday loans are easily acquired and don’t require complicated documents, making it the best cash assistance fund during emergency situations.
- WHAT ARE GUARANTOR LOANS?
- WHAT ARE LOGBOOK LOANS?
- WHAT ARE PERSONAL LOANS?
Services We Provide
Long Term Loans
Buying a car is the second biggest investment that many people in the UK make after buying a house. You might need a car to get you around, for your business, to ferry your kids to school and also to ferry your old parents when they need to get around. You might also just want your favorite ride as a sign of status.
Regardless of the reasons you are getting a car, you should take the investment seriously and be cautious when you are finding a lender that offers bad credit car finance no deposit. You should therefore take time to choose the best lender to offer you the loan and be prepared and have a plan on how you will repay it.
Be sure to read the terms of the loan and ensure you understand everything there is to know about the loan. When it comes to getting car finance with bad credit no deposit then you have two approaches you can take;
Through online direct lenders – this is the best way to get bad credit car finance no deposit. In this scenario you find a direct lender that offers car finance deals no deposit bad credit and then approach them for a loan. The process typically starts with you finding out whether you are eligible for the loan.
The lender then performs a soft check on your credit account to determine whether they should approve you for the loan or not. They will also consider other factors like your employment status and income when deciding this not only the credit score.
After you have been pre-approved, the lender will contact you with the credit limit, APR and other repayment terms that they have crafted specially for you depending on your application. If you agree to the terms and conditions then you can select your car based on the credit limit that you have been given.
When you approach the dealership with your credit in mind you are able to shop for cars that are within your range. The process therefore moves much faster for you. When you find the car you want then it is financed for by the loan and you drive off in it.
However, you do not get the title to the car just yet. You have to pay for the entire principal plus interest to get the car title and own it fair and square. If you have bad credit, car financing loan is a great way to grow your credit score since you might have to repay this loan for several years.
If you make your payments as required every month, your credit score improves as the lender sends the reports of your payments to the credit bureaus. As you use the car you continue to make your monthly payments until you complete and take full ownership.
If you fail to make payments on your loan as required the car might be immobilized by the lender remotely so you are unable to use it. When you resume payments it is mobilized again. If you completely fail to make the required payments then the lender will take possession of the car.
Through participating car dealerships – the relationship between online direct lenders and car dealerships is a mutual one. Many car dealerships have a relationship with a number of lenders in UK and they can therefore direct you to a lender that offers bad credit car finance no deposit.
When you visit the dealership you browse the cars available, choose one and then the dealer will direct you to lenders that you can speak with about getting car finance with bad credit no deposit required. The dealership doesn’t guarantee that you will get financing. They only direct you to a lender that is likely to finance your car so they can make a sale, you can get a car and the lender can make some money and everyone is happy.
Dealerships will direct you to a wide array of lenders including banks. However it is common knowledge that you might not be able to get financing for the car from the bank if you have bad credit. Banks are always stuck on using your credit score to qualify you for a loan therefore having bad credit reduces your chances of getting a loan significantly.
Can I get financed for a car with bad credit?
Yes. You can get financed for a car even when you have bad credit. You can either decide to pay the deposit on the car if you can afford it or you can seek for bad credit car finance no deposit. In the latter type of loan the entire cost of the vehicle is paid for with the loan. The lender therefore finances the car 100%.
In the past, it would have been impossible to get a loan with bad credit because lenders relied heavily on the credit score to offer loans. Online lenders have changed this by taking into consideration the ability of the customer to repay the loan based on their current financial status.
If you have bad credit check your eligibility for a loan with the lender of your choice then if you are eligible continue with the application and see how much money you can get. If you are unable to get the credit limit you would have thought, you might have to settle for a cheaper car or a slightly older on.
With bad credit car finance no deposit you can drive off with any car of your dreams whether it is the world renowned Toyota Camry you want or a Mercedes you are not restricted on it. What matters is the price of the car.
Can I get a car on finance without deposit?
Yes. Typically when you are seeking finance for a car you are supposed to make a deposit on the payment of the car. The deposit reduces the loan amount and also shows commitment to the lender on your side. The bigger the deposit you can pay the better terms you will get for your loan.
However there are instances when you really need a car but you cannot be able to raise the deposit. When this happens then car finance bad credit no deposit becomes necessary. Through this kind of financing you are not required to put down any deposit on the car.
The lender takes care of the entire payments on the car on your behalf. This type of loan therefore is a big loan and repayments can take even up to 72 months depending on the lender, the amount you qualified for and what you are capable of paying.
This type of loan is expensive because the lender is taking all the risk on their side. There is no risk you are taking on your side since you are not putting up a deposit. This coupled with the fact that you already have bad credit makes these loans quite expensive. The long repayment durations also mean that you end up paying a lot of interest on the principal amount.
Can I get guaranteed car finance with bad credit no deposit?
Do not fall for the “guaranteed financing” advertisements you might find on the lenders’ or dealership websites. There is nothing like guaranteed financing for your car whether the dealership recommends you to the lender or not. The lender has the final say when it comes to financing your vehicle.
The final decision that the lender comes to is determined by your ability to repay the loan. If the lender feels that you will not afford the loan they are not obligated in any way to give it to you. Lenders are regulated by the FCA which requires them to give loans to borrowers that can afford them.
Every lender that is approved by the FCA is mandated to perform a credit check to determine the credit worthiness of the borrower so they can offer them an affordable loan. Your loan application can be accepted or it can be denied depending on your financial situation and ability to repay the loan. There is no guaranteed finance unless the lender offers everyone that applies for car financing a loan.
Loansgreen is your go to lender when it comes to getting car finance bad credit no deposit. We are an FCA approved lender therefore we follow the industry’s best practices when offering our loans. Our process is quick and simple. Application takes a couple of minutes and we only do a soft credit pull on your account to determine whether you are eligible.
A hard credit check is only done when we have ascertained that you are a suitable borrower. We therefore do not leave any footprints on your credit report if you are suitable for the loan. We care for our customers and endeavor to offer solutions that meet your needs. Our loans are highly flexible when it comes to repayment periods so you can choose monthly installments that are easy on you.
We offer highly competitive rates for our customers that are based on the set FCA interest caps. Use the eligibility checker and start the application process today.