I want to borrow

What are text loans? A way to get emergency funding!

A mobile phone or we should say a Smartphone has made our lives easier than before. You can do shopping online, exploring the search engines and of course, interacting with your near and dear ones irrespective of their locations with your mobile phone.

Are you familiar with the fact that you can use your phone to apply for a loan? Yes, you can.

The people living in the UK are using text loans to their greater effect, especially when they are facing unexpected expenses. You can use your mobile phone to text for loans to the lender and wait for the approval that usually comes within 90 minutes.

According to your income capacity, you can borrow the amount from £100 to £1000 even if you have the poor credit score. However, the lender will offer the loans according to your affordability and grant funds that you can repay without any obstacles.

Text loans: A way to get emergency funding

Our affordable text loans are available 24/7 for every borrower on three features:

Loans for everyone

Whether you are a homeowner or tenant, employed, unemployed or self-employed, you can apply for mobile loans.

Loan approval in minutes

Your flawless loan application brings quick approval from us. Once approved, we release the cash within 15 minutes to your bank account.

Free no-obligation quote

We do not charge anything to quote you a perfect loan deal. Familiar us with your need and capacity, and we send a free quote with no obligation.

Are text loans safe in the UK?

Rest assured that affordability checks are never bypassed here. We curate reasonable repayment terms perfectly fitting your budget. We make sure to customise loan offers with the total amount repayable for you.

How our text loans process further?

The mobile text loans in the UK have some similarity to the instant payday loans. Both the lending products have similar features like quick approval, fewer obligations and availability for the poor credit people. However, the main difference lies in their application process, where direct lender text loans have the upper hand in terms of simplicity.

At Figuralloans, we have a simple and straightforward application process that includes a few steps to follow. These are:-

  • Register with us

    You need to register with us to get the instant benefits of the loans. It has the advantages for both of us, as you do not need to inform us with your credit profile again and again while we can go through your loan requirement more quickly.

  • Fill the online application

    In the next step, you need to fill the online application form available on our website (or you can also click here). You need to fill the personal details that should be true and genuine.

  • A quick credit check

    Once you submit the loan application, we quickly go through your credit score as it is the mandatory process. However, we assure you that it will not leave any footprint on to your credit profile.

  • Fund transfer in 90 minutes

    Once everything is done, we transfer the desired amount through a quick bank transfer on the same day of the application submitted.

  • Loans are easy To repay

    We offer you flexible repayment options. Both weekly and monthly repayment terms are available in between you can make your choice.

Thus, getting the same day approval is the significant benefit of loans by text.


The advantages of mini text loans from direct lender

There are many advantages of applying for text loans from direct lender only. These are:

Advantages Explanation
Ease of applying Mobile-based instant and easy loan application access without physical visits
Minimal obligations Quick approval loans with simple eligibility criteria and minimal paperwork
Convenient repayment Flexible repayment for loans suited to your budget
No broker fees to pay Get direct lender loans without any middleman, with increased transparency
Speedy fund disbursal Get instant cash loans without waiting for days
Bad credit acceptance Loans for bad credit can give you a fair chance of approval.
Transparency Total cost of borrowing is shown with these transparent loans
Limits borrowing Customisable loan amount prevents over-borrowing and financial stress
Build a credit score They can be like credit builder loans, helping you strengthen financial credibility.

Can I avail instant text loans with bad credit?

Several online lenders are offering lending products that are specifically designed for people with bad credit history. The mobile loans are not the exception in this regard. Whether you are looking for text loans from £100 to £1000, you have every chance with us to borrow money

In such a policy, the credit check will be done but in a soft manner and the approval is largely based upon the current financial and income status. Lenders do not mind if you had previously missed the repayments, but your recent performance should be satisfactory.

Irrespective of your credit history, you can take full benefit of Smartphone technology to apply for a small cash loan by sending a text message to us.

As the responsible direct lender in the UK, we aim to provide the personalised loan offers according to the specific financial needs. With us, your poor credit does not make any difference, and the approval is there according to your affordability.

Depending upon the same factor, we may accept your application if no guarantor is there to assist you in making the repayments. While providing text loans for bad credit people, we follow all the laws prescribed by the Financial Conduct Authority while doing borrowers’ credit assessment.

Is there any possibility of text loans with no credit check?

A credit check is the vital part of the lending process, and the FCA has mentioned that all the lenders have to perform a basic credit check of the loan applicants. The same thing happens to mini text loans with no credit check, as they are not in the permission by the UK financial authority.

Borrowers should feel satisfied if the text loan lenders do the credit check. It clears their way for smooth approval, and they can take it as a chance of improving their credit scores. At Figuralloans, we conduct an upfront soft credit check for loans to understand your affordability. The best way to counter unexpected expenses is to get instant funding access. Text loans in the UK do the same and offer borrowers-friendly loan deals that you can apply now!


FAQs

What is the difference between text loans and text payday loans?

The analysis of text loan vs payday loan in the UK is not to limited funding access and use in unexpected expenses. They differ slightly from each other in their application procedures. The big difference is repayment flexibility, as the text loans can be repaid in more than one instalment while borrowers have to make the repayments of payday loans on their next salary day.

Are text loans available for unemployed too?

Yes, text loans are available for the jobless people. A few direct lenders are accepting applications of the unemployed people and ready to provide text loans for benefits recipients. However, the approval may also come based on their part-time income or self-employed status. The interest rates will be on the higher side. If you are worried about debt risks, avoid getting an unemployed loan without a guarantor.

Why is it difficult to get text loans with no credit check?

According to the Financial Conduct Authority (FCA), any lender cannot provide loans with no credit check. It is the mandatory process to check the trustworthiness of the borrowers and to offer loans according to their affordability. At Figuralloans, all loans are subject to a credit check, but still, the approval rate is very much high.

Will I need to pre-register even if I am applying for £100?

It would be better if you pre-register with us because it opens up the gate for quick approval whatever the amount you choose. If you do so, then we may not need to check your past credit, and we can bring acceptance to your present scenario.

Does Figuralloans offer doorstep cash service on text loans?

Yes, we are offering text loans on cash at the door service according to the standard eligibility criteria with a slight twist. The application procedure for doorstep text loans will remain the same, but we send our representative to your home for transferring cash and also for collecting the repayments.

Can I extend the repayment term for a text loan?

If you have missed a payment on a text loan, late fees will be charged. To check if you can get a grace period, you must talk to us once you realise that repayment might get delayed.