Monday 23 April 2018

What Is The Best Lending Option?

By Mark Robert


No Guarantor Loans

A no guarantor loan is a loan that does not require a second party to co-sign - or "guarantee" - the repayment of the loan. Often, when an individual believes they have poor credit or is in a difficult financial situation, having someone with better credit or more resources co-sign the loan will improve the chances that the application will be accepted. The guarantor's promise that they will repay the loan if the actual borrower fails to do so makes the lender more confident that they will get their money back.

What exactly are No Guarantor Loans?

That is the question! Whether to take out a guarantor loan or a no guarantor loan is ultimately dependent on your individual circumstances. If you have poor credit and have been rejected for credit by your bank, then looking into guarantor or non-guarantor loans could be an option for you.

We offer unsecured instalment loans of 1,000 - 3,000, repayable over the course of 1 or 2 years. And while many people may be apprehensive to apply for a no guarantor loan if they have less-than-perfect credit, On Stride Financial considers all applicants, so long as they meet our minimum requirements.

Apply for No Guarantor Loans

Don't put off getting a loan for the cash you've been looking for just because you don't have a guarantor. With no guarantor loans from us you can apply for the cash you need. Don't let other lenders pull you in for meeting after meeting. With us there's no travel and no guarantor needed. Apply today!

Can you offer loan to bad credit also?

If you meet the minimum requirements and you're looking for a no guarantor loan in the UK, go ahead and apply with On Stride Financial today! If approved, you can receive your money the same day as approval.

How long the lending process work?

This is variable based on the potential borrower's credit history and the lender's evaluation process. At Loans 2 Go, we perform an individual status review with Credit Reference Agencies for every application received. Depending on an applicant's credit history, this process is usually completed in under 30 minutes (may take additional time), and if the borrower is approved, funds can be delivered to their account within 10 minutes after approval.

What is the best lending option?

If you decide to take out a no guarantor loan, you should carefully consider how much you will borrow and how long you'll have to pay it back. Before you sign your contract, examine the repayment schedule to get a sense of how much you'll be responsible for repaying each month. It's a good idea to put together a budget of your income and expenses to see how much you'll be able to repay given your current finances. You should never borrow more than you will be able to comfortably pay back.

Can I find guarantor loans with instant payout?

We recommend to all of our customers that loans be used in emergencies. While the definition of 'emergency' can certainly change depending on who you ask, we define them as unexpected complications with substantial costs attached. Whether this means auto repair, home reconstruction or some other unplanned for emergency, it's important to remember that these short-term loans should be taken on only when absolutely necessary.




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