Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
786 Loans is a credit broker and not a lender
What Loan Amount You Need?
We compare loans that can be paid back over terms of between 1 and 25 years. The APR interest rate you'll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost: a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22.
A guarantor is someone who signs with a borrower to be financially liable if the borrower fails to repay the loan. However, people, these days do not want to be held responsible for someone else’s financial troubles. Hence, new-age lenders are offering no guarantor loans. As the name suggests, these loans do not require any guarantor to be provided while applying for a loan.
These short-term loans are lent for a short period that may allow a borrower to repay the money within a year or less. This is the reason, a no guarantor loan falls in the category of short-term unsecured personal loan. Also, these loans do not require any collateral to be pledged against the loan amount. All these features make it a favourable option for people who need money during emergencies.
Loans for Bad Credit with No Guarantor are designed for people who have not so perfect credit score and for people who do not wish someone else to be liable for their own financial conditions. Earlier, it was very difficult to avail a loan with bad credit, wherein a borrower does not even have a guarantor. Because a profile with a bad credit score is always considered as risky by most of the lenders.
With changes in the unsecured lending industry, the lenders also changed their way of assessing a borrower’s creditworthiness. The market has become more competitive than ever and this means a borrower has more options to choose from.
Any unsecured loan may work right for you if used wisely. Repayment of the loan is the most important part of borrowing and lending. You should always repay the loan on time and in full to avoid damaging your credit score. This way, you can always borrow money when in need.
An online unsecured loan allows a borrower to search, compare, and apply for a loan without even stepping out of their home. There are various advantages of availing loans without guarantor online, which we have listed below:
The loans are quite flexible in nature. A borrower can easily repay the loan in monthly instalments without stressing much on their budget. A loan taken on the credit card needs to be repaid the very next month, or else it damages your credit score. Often we face situations, wherein it’s not at all possible to repay the loan amount at one go. These short-term loans can be helpful as they have a flexible repayment period for a small amount of loan.
There is no restriction on spending. You can use the loan amount for anything. Most of the borrowers decide to take out a no guarantor loan to immediately resolve their short-term financial needs. However, the borrowers have a degree of freedom in the usage. You can use it to repair or replace the boiler. You can use the money to fix your car. You can pay your bills and other debts using this loan.
Easy & Convenient
These loans are very easy to avail with a user-friendly application process, which takes only a few minutes to be filled. One can apply for a loan sitting at their home and if their loan application is approved, the amount will be disbursed to their bank account by the lenders. The period of disbursal varies from lender to lender. But it doesn’t take months and months as is the case with secured loans.
Safe & Secured
While applying for an unsecured loan, please check who you’re dealing with. Check the details of the financial firm on the Financial Services Register on the website of the Financial Conduct Authority (FCA). You should always deal with FCA registered firms.
A credit score is undoubtedly an essential part of your financial picture. Throughout your life, your credit score will continue to play a vital role in several major financial circumstances. We have a notion that a credit score is important only when applying for a loan. However, it also affects the rate of interest we are offered as a borrower.
You may apply for No Guarantor Loans for Bad Credit with 786 Loans. We have a panel of FCA registered lenders who assess the borrower’s current repayment affordability. Always remember, with a good credit score, you will be offered a loan with a comparatively lower interest rate. However, with a poor credit score, the rate of interest may be higher.
Different lenders have different criteria for approving a loan. Some may have an interest in lending you money even if you have a bad credit score and some may not consider your score to be eligible. Thus, it is always wise to maintain a good credit score. With a bad credit score, you may have limited offers while a good credit score will always attract a lot of interested lenders. Always check the Terms & Conditions of the lenders before applying as this will help you form a general idea of their eligibility criteria.
786 Loans is an FCA authorised loan broker operating in Nottingham, Bristol, London, and all other major cities across the UK. It offers a wide range of other credit products. We even provide personal loans with a soft credit check to help the borrower save and build their credit rating.
We do not charge any upfront fees and we aim at enhancing transparency in the whole process. You can choose a loan according to your requirements, it may be any kind of instalment loan, such as quick loans, self-employed loans, 12-month loans, soft credit check loans, etc.
We believe that financial emergency can show up on our front doors uninvited. To deal with it, we may need funds on an immediate basis. Everyone must have equal access to short-term loans, which will help them to overcome their financial crisis easily.
Please note that we do not lend money as we are a loan broker and not lender. We have a panel of FCA registered lenders who offer and lend loans.
786loans.uk is a registered Trading Name of Tiger Lion Financial Limited. Tiger Lion Financial Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 753151. Tiger Lion Financial Limited is registered in England and Wales (Company number 10189367), Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Licenced by the Information Commissioners Office, (registration number ZA185613)
Authorisation can be checked on the Financial Service Register at www.fca.org.uk.
786loans is a dependable brokering service available from Glasgow to Southampton, covering all the major cities including and not limited to Leeds, Manchester, Liverpool, Sheffield, Nottingham, Birmingham, London and Bristol. Fill a form to find out the closest loans near you.
786 Loans is a licensed LOAN BROKER and not a lender. The website is registered in the UK and is authorised and regulated by the FINANCIAL CONDUCT AUTHORITY (FCA). WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.
786 Loans does not charge any fees. If you are contacted by anyone claiming to be from 786 Loans and requesting you to make a payment, report it to www.actionfraud.police.uk.
All Loan approvals & Quotes are subject to Credit Score and Affordability requirements by lenders. If you meet the lender's criterion, you can borrow the money. We as a broker make an attempt to process your application with the most suitable lenders in our panel.