Money shortfall situations oftentimes do not coincide with your financially affluent days. It could be a sudden bill for the medicine your doctor has prescribed or for urgent car repairs. Despite being salaried, you cannot overlook the urgency just to wait for the next paycheck.
Getting a loan is a convenient option, but this may demand huge amounts of effort and be time-consuming as well. Due to the involvement of a broker, the process just gets exaggerated. Let Figuralloans, a reputed direct lender, solve this problem for you by offering no brokers loans.
We have simplified the borrowing process and downsized the overall cost you have to bear. You can directly approach us and save the time that could have been wasted in finding the right broker.
These short-term borrowing options are convenient for people who want a hassle-free process. Unlike other loans involving brokers, these loans flaunt a short and straightforward process. This is a fast lending solution, as you can meet us directly to convey your problems.
The broker’s knowledge and expertise are not necessary to decide the ideal loan amount. We have put together all the information that is easily accessible for you. Therefore, finalising the borrowing decision requires you to assess certain determinants.
Any amount from within the range of £ 1000 to £ 5000 is obtainable.
The term should align with the amount and vary between 12 to 36 months.
Getting practical rates is very much achievable based on affordability.
*Tip: Avoid applying for an amount that exceeds the requirement. This is because the more you avail the amount, the more you have to repay. Repayment failures can be dangerous leading to surplus
Mediators serve the purpose of setting a connection between loan providers and borrowers. However, when you can find us at the tap of a button, why go for a broker? The logic is simple: contacting us is effortless and needs fewer formalities.
When you apply for fast financing through a broker, your request is sent to multiple lenders. They assess your requirements to arrange something fitting for you. Therefore, pointing out the most suitable offer becomes a lengthy procedure.
With Figuralloans, you can straightaway check if conditions are favourable for fast loans with no brokers. Once you are all set, you can accept the loan agreement to receive direct funding. The process is more structured and not chaotic and confusing.
Maybe, you are unsure whether to look for financial help without a broker. Any complicated borrowing journey requires the guidance of a mediator. However, when you have pressing money problems to overcome, you can rely on our direct lending services.
It should not be because we are telling you but based on these features.
No obligations - With us, getting loans with no broker and no guarantor is possible. As long as your affordability is convincing, you can get funding to meet any petty cash need.
Speedy money - No broker interference means you can settle with our loan deal once you are convinced. The slacking between the processes is negligible in our case. Besides, you can receive quick funds in your checking account after approval.
This financing option can be your ideal financial companion in various situations. No restriction is put on the usage aspect as it is entirely your concern. Nevertheless, a wise borrower would never go out of their means to create new financial hazards.
Be specific about the purpose of making the most out of short-term loans. They can attend to many different problems. Check if you want them for the genuine reasons or not.
Should you drop the idea of borrowing? Our lending approach can prove this perspective wrong. Here, you can apply for loans with a bad credit history and no brokers despite all odds.
Instead of credit records, we assess other aspects of your finances.
Creditworthiness
This assessment helps in building our trust in your financial capacity. This is not verified through hard checks but can reveal the likelihood of getting money back from you. The various payment proofs showing successful transactions can establish your affordability.
Efforts for credit improvement
It does not matter if you have poor credit history. What is unacceptable for us is no sign of effort for credit score upgradation. Ditch the reasons behind bad credit scores, but practise vital steps to improve them.
Yes, you can get loans with very bad credit, no guarantor, and no brokers. Although the chances are comparatively less, you can make it through the approval step. For this, you might have to put up anything from your assets.
This should act as an assurance or a backup plan to retrieve the money in case of defaults. Moreover, your affordability should be exceptional as your disposable income should be enough to cover repayments.
Getting financial assistance in this scenario would need some security from your end. It ensures that you can avail of affordable loan deals despite a major setback.
The loan cost is a combination of different components that you must know. Otherwise, you cannot figure out the amount you have to spend from your pocket. Calculating them is crucial by remembering the following aspects.
As we are a direct lender, we do not charge any origination fees. Besides, you are already relieved from the burden of brokerage fees.
The scary things about late payments are penalties and damage to credit history. We have figured out this problem for you by allowing a monthly repayment pattern. This facilitates you to break down the amount into small portions suitable for monthly payments.
However, if you are still not able to make it to it, be prepared for late charges. Not only that, but the applied interest rate will start accruing, m, making the final payment difficult. Above all, your credit scores will have to bear the brunt.
Make sure that a loan without a broker is your right catch before entering into a loan agreement. It should not be a biased decision, given the impact it can have on your financial future. What should be pointers to keep in mind? Find them here.
Do you need loans in small amounts? Measure your financial needs as our loan solutions are very distinctive. An idea about the extent of necessity is good to understand the suitability.
Is it urgent, or do you have some time? At times, you need money right away as extra fees might rack up following a delay. In that case, you can count on our fast processing mode to get money at the earliest.
Are you ready for loan payments? Do not apply for loans without validating your financial potential. Confirmation about loan payments is a vital parameter to prove if these loans are right for you.
The application process is not too lengthy here. The broker factor has nothing to do with our loan application format. It is a three-step process which you can complete from anywhere.
You should look forward to getting reliable support from Figuralloans. Delight us with your queries!!
Who is eligible for a No Broker Loan in the UK?
Any individual aged 18 or above who holds legal citizenship in the country may apply for a no-brokerage loan. You must have a valid bank account and fixed residential address. Additionally, you must meet the affordability criteria set by the loan provider. It requires one to meet the repayments without compromising basic lifestyle needs.
What types of No Broker Loans are available in the UK?
You may be eligible for short-term loans, bad credit loans, business loans, and doorstep loans. These are some facilities which you may get without seeking a broker. Understand cash needs and purpose before applying for a loan. If you are confused, contact the loan providers for proper assistance.
What documents are required?
Yes, the loan provider requires a few documents from the borrower to analyse the affordability better. You must provide a salary slip, bank statements (for the past 6 months), proof of identity, proof of address, a council tax bill, utility payments, etc. The document requirements may vary according to the provider. However, these are some basic documents which you must keep handy.
How long does approval take?
Once you make your initial loan application, you get a basic no-obligation quote. If you choose to proceed, the loan approval takes a few minutes. The speed of loan approval also depends on the accuracy of the details and the proofs you provide. Always check and verify the details before applying.
Is a guarantor required?
No, you don't always need to provide a guarantor to get a loan. Instead, individuals with low income, credit score, and pending debts may require one. Still, never offer one unless the loan provider asks for it. A guarantor with a good credit score and income acts as a security on the loan payments. He helps individuals with bad credit history get instant cash at a better interest rate.
Are there any fees involved?
Unlike broker-based loans, direct lenders do not charge a commission for their services. You may not encounter any upfront payment when you contact a legally operating direct lender. They instead charge the fees in the form of interest charges on a loan. Apart from this, you may also encounter loan establishment fees, administrative fees, and closure fees as part of the loan agreement. You don't need to pay it separately.
What happens when I pay my loan off early?
Paying off a loan early helps you save on interest costs for the remainder of the loan duration. It eventually boosts your credit rating and saves money. However, not every loan provider offers the flexibility to prepay the amount. If you do, you may expect to pay huge fees which may be higher than the loan costs. So, avoid paying early if it involves pre-payment charges.
What happens if I miss a payment?
Missing a loan payment may attract penalties. It could be the late payment charges and high interest that you must pay. It eventually increases the total amount you pay on the loan. Moreover, missing payments consistently leads to a debt trap and loan default. In this case, a creditor may reclaim the money by issuing a CCJ or a court notice. It remains on the credit report for an extended period.
How does a No Broker Loan affect my credit score?
Your credit score remains the same at the time of initial loan application or pre-qualification. However, when you proceed with the loan, the direct lenders may conduct a detailed credit screening for some loans. It affects your credit score temporarily. It returns to normal after some time. Later, if you skip a payment or default on the loan, your credit score may fall.
How do I compare No Broker Loans?
Identify and compare aspects such as APR, interest rates, loan fees, extras, and hidden charges. The best way to compare is to pre-qualify with no broker loans, with whom you share a high approval chance. Next, compare the costs as you explore the quotes. Choose the loan with the lowest APR and interest rates. Also, compare the missed payment and other fees. It will help you pick the most affordable loan provider.