Applying for a loan is something you should be careful about, there are going to be questions that you want to ask. With this in mind, we have compiled the top questions we receive.
Is there any up front fee?
Do I need a guarantor?
How much can I borrow?
The most you can borrow on our site is £3000, the lowest amount you can borrow is £100. The average loan amount requested is £1500
How long have I got to repay the loan?
It depends on how much you borrow. Loans under £1000 need to be repaid within 12 months. Loans between £1000 and £3000 can be repaid over 2 years.
There are no penalties for borrowers who want to make early repayments.
Can I get another loan whilst still making repayments on an existing loan?
We don’t advise people take out another loan whilst they are still paying off an existing loan. This is because we believe that people will end up getting themselves into unnecessary debt. Also, it would harm a credit file. Instead, you are advised to complete payments on the existing loan, and then when this is complete, apply for another one if you so wish. We would never advise for two loans to be running alongside one another, however.
Is NoCreditCheckLoans.co.uk a UK company?
We are UK based with UK customer services yes.
Isn’t it illegal to offer loans to people who have bad credit?
It says that I will receive my loan money within minutes, yet I applied an hour and a half ago and I still have nothing in my account. Has the lender changed their mind?
If you have been approved for a loan, that will be the lender’s final decision. They will not change their mind after that. You have still been accepted. Whilst we endeavour to get money to your account within the timeframe specified on our website, there may have been difficulties with processing. As you have waited so long, you would be advised to check with your lender with regards when the money will be arriving.
Is my application 100% sure to be approved?
No, unfortunately not. Although there are NO credit checks performed. There are anti fraud and anti money laundering checks.
There are also affordability checks that need to be completed, this is an automated process and runs 24 hours a day. If you tell us that you are spending more each month on bills than what you are receiving as an income, you won't be approved as you won't be able to afford the repayments.
Please remember we will NEVER cold call you
and ask for money before giving you a loan. It is always fraudsters pretending to be us, don't pay them anything.