Warning: Late repayment can causes you serious money problems. For help go to moneyadviceservice.org.uk

Online Loans

With Loanload

How much do you need?

Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

Why People Choose Us

You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.

Payday Loans Online No Credit Check

Searching for the borrower’s credit report is a usual part of many lending facilities. This is an automated decision-making process that affects the applicant’s approval. However, this doesn’t mean that the candidate will be declined most of the time. There are lenders who may consider checking the credit but will only use it to verify the borrower’s personal and financial information, to determine the amount they can borrow, and to find out the interest rate that they should apply. If you are looking for a loan option but you’re worried about your credit score, then you may choose payday loans online no credit check. This loan provides a hassle-free way of borrowing money without being too lenient. Meaning, the lenders will still consider your financial status to ensure that you can repay the loan on time.

What Is No Credit Check Loan?

As mentioned above, most lenders will conduct a credit check, and that goes even to those who claim that they have no credit check. This is a crucial process for all regulated lenders to know whether you can afford the loan or not. Nevertheless, this doesn’t mean that you will be rejected. As long as you can provide a proof of stable income, you still have a chance to acquire the loan. Basically, no credit check loan is still checking the credit, but it will not be used to make their decision. This is a relief to borrowers who are suffering from CCJs, arrears, late payments, defaults, and even bankruptcy.

When borrowing money, the lender will check and ask for your full name, present address, bank details, and employment information. These details will be used to know whether you can repay on time or not.

Why Are No Credit Check Loans Beneficial?

There are many types of loan present in the market, and each offers certain features that make it unique. Payday loans online are more expensive than the regular option; however, there are still a few reasons why a person looks for it:

  • Bad Credit History

–    Borrowers who have no credit history or have a poor credit score receives a constant rejection from banks and traditional lenders; therefore, they opt for no credit check loans instead. This gives them the chance to acquire a loan even with a poor financial status.

  • Speed

–    Since there’s no need to verify the credit report, the length of the entire loan process is reduced. This loan option is best for borrowers who are in urgent need of cash.

  • Credit History Privacy

–    Conducting a credit check can sometimes be too invasive and some borrowers may choose a lending option that is more private or confidential.

  • Improving Credit Score

–    A no credit check loan accepts those who have bad credit scores. Therefore, aside from having the money they need, they also have the chance to improve their credit rating. However, they should avoid making the same mistakes they’ve done in the past.