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Representative example: Borrowing: £1,200 Interest: 0.34% per day for up to 75 days (124% per annum, variable) Representative: 49.7% APR (variable)
Efficiency, convenience, speed. These are three crucial factors for borrowers considering taking out a loan during a financial crisis. Unfortunately, we often find ourselves struggling to satisfy all of these categories even under the best of circumstances, much less when we need the help the most. And if you’re currently rebuilding your credit, as many are in this post-pandemic world, your chances of finding the money you need when you need it without the search inconveniencing you even further can seem just about impossible.
We can take the information of your current circumstances and help you compare same day loans from direct lenders, thereby taking the hardest part of the job finding a lender who will be most likely to approve you for the loan amount and term you need and eliminating that stress factor for you altogether.
Notice the sliding panel on this page. You can use this to indicate exactly how much you need to borrow, then click the “GET MY QUOTE” button to be taken to the full form. From there, you’ll select the period of time over which you would like to be allowed to pay back the loan, which can range anywhere from 3 months to 36 months. The final piece of loan information you’ll need to provide is the purpose for which you’re taking the loan out, the options being:
Again, note that this process does not have any effect on your credit rating. After clicking the “CONFIRM APPLICATION” button, you’ll be taken to a list of lenders that match up with your current details and needs as most likely to approve a loan to you, where you can further explore the lender’s information and complete the loan application through the selected lender’s website separately. This is one of the easiest ways to find a loan on the same day for people with bad credit.
There are no words to express just how hard these past couple of years have been. The pandemic took the world by storm, affecting our daily lives, our families, our health, and of course our finances. Those who may have been doing well before the pandemic may have taken a hard hit to their financial security and, as a result, their credit scores. And those of us who were already suffering before? Well, things sure didn’t get a whole lot better when life started changing so abruptly.
We understand. We’ve been there, and that’s why we know how important it is to make sure that there are options available in times of great need. Now Loan offers two options for same-day loans: secured loans and unsecured loans.
As the name implies, these types of loans are “secured” by backing them with some form of valuable collateral. Keep in mind that, if you cannot make your payments for these kinds of loans, that collateral can be taken away. However, secured loans tend to be preferable for many because not only do lenders typically approve bigger loans when there is collateral offered, they often do so at a much lower interest rate.
Perhaps the most common example here would be putting your car up for collateral. As mentioned above, the ideal situation would be that you successfully get approved for the loan, make your payments as indicated in the loan agreement, and wind up saving money on interest and having more at your immediate disposal thanks to the higher loan amount. But, if you fail to make your payments and are unable to make payment arrangements with the lender, you do risk having your car claimed as collateral for the remaining balance on your loan.
Another type of secured loan that does not require collateral, however, is a guarantor loan. For this type of loan, no tangible collateral is offered, but someone else agrees to be responsible for the loan if you were unable to for whatever reason.
On the other hand, unsecured loans do not ask for collateral of any kind. This tends to be a lower risk to the borrower, but higher risk to the lender, which is why lenders typically set a higher interest rate on unsecured loans than on secured loans. Additionally, the amount you’re able to borrow may be lower for this type of loan for the same reason. These tend to be more popular, and there are definitely benefits for both parties since the borrower doesn’t have to risk putting up any of their property or getting a loved one involved as a guarantor, and the lender will benefit from any additional interest earned through the higher interest rate. It’s entirely up to the borrower’s situation whether you would prefer to use this kind of loan or a secured loan would be better for you.
Not everyone has a person in their life who will be both willing and able to sign a loan application as a guarantor (as explained in the previous section), which is why it is so important to have another option available. Now Loan will keep that kind of information in mind as it searches through its panel of lenders to pair you with the ones that are most likely to approve you and suit your individual needs.
A type of loan that usually falls in the “unsecured” category is same day payday loans. These loans are typically for a lesser amount and are meant to as the name suggests get you through to the next payday. More often than not, they also have shorter loan terms ranging from a month to twelve months, rarely stretching for longer than a year.
One of the most common types of loans is an instalment loan, and these can fall under either the “secured” or “unsecured” category. An instalment loan is usually for a larger amount than payday loans, and have a longer range of loan terms. You’re more likely to be able to find a term that stretches over several years, depending on the amount you end up borrowing. Instalment loans are the type that people find themselves using when paying off large purchases like cars and houses. Mortgages are a type of instalment loan, for example.
If you’ve read through the information on this page and feel confident in taking the next step, go ahead and fill out Now Loan’s form as described in the “Our Process” section! Know that your information is 100% secure and encrypted, and we do not save or share your personal and financial information with anyone who isn’t a broker or lender with whom our system has matched you.
Finding a lender who will approve you, especially if you don’t have the best credit score, is stressful. Not to mention, many lenders will require you to submit a full application before they’ll even let you know if you’re approved or not, meaning it’s possible to have multiple hard inquiries or formal credit checks added to your report without even getting the money you need! That’s an entirely separate headache, and one we wouldn’t wish on anyone.
That’s why we’ve created this system to help you eliminate that headache altogether. Additionally, the need for the convenience of being able to do the entire process from the comfort of your own home has only increased since the beginning of quarantines and COVID-related restrictions, and Now Loan provides you with that convenience. We’ve also formulated our search panel to give you confidence that the lenders you match with are the ones most likely to approve you after the first application you send in, minimizing any negative impact on your credit score from the added inquiry.
But what about the positive effects a loan can have on your credit score? Did you know that payment history is one of the credit factors that carry the most weight on your report? It’s true! So not only are you significantly more likely to be approved on the first try when you find a loan through Now Loan, but you’ll then be on your way to improving your credit score through making those regular payments on time! If that’s not a win/win situation, we don’t know what is.
And, as if that wasn’t enough of a reason to use our free and hassle-free system, most of the lenders we could pair you with have instantaneous response times, meaning that you could get both your approval and the money you desperately need within as little as 15 minutes!
So, we’d like to think that we cover those three criteria mentioned at the top of this page: efficiency, convenience, and speed.
So now that you’ve decided to give Now Loan a shot, you may be wondering if you would even qualify for a same day loan in the UK. Thankfully, the requirements are straightforward and easy to satisfy. You must:
Specific lenders may have their own sets of requirements, so it’s important to check the qualifications once you’ve selected a lender from the list Now Loan provides you. However, the above are the general qualifications you’ll find across the board.
Keep in mind, Now Loan is completely free to use! There is no limit to the number of quotes you can request, so if you’re needing to see what options may be available depending on the amount you take out and the loan term you request, you can! Again, what matters the most to us is ensuring that you are paired with the loan that is going to best suit your needs so that you can improve your quality of life, take care of emergencies, and even improve your credit score, all of which is possible with the right same day loan. We are proud to say that we put you first so that you can confidently say that we helped you in your time of need and made life just a little bit easier for you.
We at NowLoan have likely been where you are now. Whether that means you’ve found yourself in need of emergency funds to take care of medical bills or an unexpected housing disaster, a loan to consolidate your current debts into one regular payment, money to help you get groceries and pay bills that will be due before your next paycheck or even just additional funds to pad your wedding and honeymoon plans.
We understand, and we’ve created this service to make the entire process as streamlined, convenient, quick, and straightforward for you as humanly possible. You can use us to help you meet your financial needs with a same day loan that will ease your day to day life and improve your credit score in the long term, and there are no hidden or additional fees that we take from you in order to do so.
So take that first step and see for yourself just how easy it is to improve your quality of life through Now Loan. We look forward to serving you and seeing how much better your day gets when you get that approval notification and see the funds in your account!