Did you ever hear about a no guarantor loan? If ‘no’ then you are at the right place today. We are going to discuss in detail about these loans today in this article.
No guarantor loans are certain type of loans, which doesn’t require a guarantor. In fact, you will be sole responsible for making your loan repayments. On the other hand, guarantor loans are a type of loan, which require a guarantor. In fact, you have to ask your friends or family members to be a guarantor, if you are looking for a guarantor loan. Most of the lenders in the past offered a bad credit loan only if a guarantor is there.
However, this has changed completely now. There are many lenders who are offering no a guarantor loan now understanding the requirement of the people. With the increase in the number of direct lenders for this type of loans, the market has become very competitive. Believe me the choices are more for you in the present days. All you need to do is choose a lender, who offers you loan with better repayment options and low ROI.
Looking for a suggestion from our side? If you are looking for a no guarantor loan with flexible repayment options and better ROI then choose LoanPig. This lender offers different types of loans in UK. Moreover, you need not visit their office to avail their loan. You can actually apply for a loan through their website https://loanpig.co.uk in online. Is LoanPig a direct lender? Is it your question now? I know many of you are eagerly waiting to know about this. Loan Pig is a direct lender and broker. In other words, they will find the best lender for you, in case if they cannot offer you loan.
How to get a no guarantor loan quickly?
You can quickly get your loan approved, by submitting the below mentioned documents to your lender without making any delay. Do keep the below documents ready without fail to save your time.
- A valid identity proof like passport or driving license.
- Address proof. Submit your rental proof if you are living in a rented house.
- Income Proof. You need to show your lender that you get regular income.
- A valid bank account. You need to submit your bank account statement.
Apart from the above, you need to have a valid contact number. A candidate has to be at least 18 years old to apply for this type of loan.
Can I apply for a no guarantor loan if my credit score is poor?
Yes, if you can provide valid income proof, the chances are high to get a loan even if your credit score is poor. Hence, you need not worry about your bad credit score any more now.
How long does it take to get the cash into my account post approval?
Most of the lenders credit the amount to your account on the same day itself post approving your application.