Wednesday 25 April 2018

What Exactly Are No Guarantor Loans?

By Mark Robert


No Guarantor Loans

If you need a large amount of cash, but are unable to visit a lender, fill out paperwork and then wait to be approved, apply for "no guarantor loans" from us, where a guarantor is not required in order to take out a loan. Apply online for our same day loans ranging from 200 to 2000 and, if approved, have cash sent within 10 minutes after approval.

What is No Guarantor Loan?

A guarantor is someone who makes a promise to a lender that a loan or other type of debt will be paid. In most cases, a guarantor signs a contract that states that if the borrower is unable to pay back the loan, the guarantor will take over the payments. The term is most commonly used in reference to financial assistance.

If you're happy to ask a family member or friend to be a guarantor for you, then a guarantor loan might be the right choice - if the guarantor has a better credit rating than yourself, you might be able to get a better interest rate and terms as you're effectively at a lower risk of not paying the loan back each month.

Get 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 I get a loan from you?

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 does the lending process take?

Getting an unsecured loan in the UK is relatively easy to do. With the rising use of the Internet, same day no guarantor loans are becoming more and more available online. However, loans with no guarantor have a downside of being more expensive than loans with a guarantor. Also, unlike unsecured no guarantor loans, you can get a guarantor loan even if you are unemployed or on benefits as long as you have collateral (such as a home or car) to secure your loan with.

What are the loan options?

We offer its customers the Loan Builder, a personal loan option created to cater to each individual borrower's unique financial situation. With variable loan amounts available up to 2,000, customers can apply for a loan capable of handling a variety of situations and circumstances. And thanks to fluid repayment periods anywhere from six to 12 months, customers can select a loan that suits their needs without straining their ability to repay.

What can I use a loan for?

Yes you can use this loan for any purpose. The terms and conditions of your loan will depend on your financial situation and credit history. You also may be able to choose to repay over 1 or 2 years. A longer repayment time will mean lower payments each month compared to a loan of the same size repaid over a shorter period. On the other hand, because you'll be taking longer to repay, you'll also end up paying more in interest overall.




About the Author:



No comments:

Post a Comment