If you’re looking for easy to get loans in the UK, then you’ve come to the right place. At Quick Loans Express, you can apply for up to £1,000, and if approved, get the money in your bank account the same day. Our easy loans also work for those with bad credit, so don’t worry about your credit score and apply today!
Easiest Loans to Get in the UK
Many loans are available on the market, from easy to get payday loans to unsecured loans for more significant amounts. The kind of easy acceptance loans best suited to you will depend entirely on your circumstances. When looking for quick and easy loans, the amount you can afford to borrow will significantly affect your borrowing options. Consider the following factors before applying for a loan:
Affordability:The most crucial aspect of applying for any easy payday loans in the UK is to check that you can afford to repay. Take a look at your income each month and what expenses you have going out. The amount you have leftover will indicate what you can afford to repay for easy approval payday loans.
Interest Rate:You’ll be offered varying interest rates for easy online loans based on your credit score. Those with a good credit file are generally provided with the best interest rates. Those who have missed repayments in the past will be charged a higher rate of interest. Easy approval loans can be a high-cost form of borrowing that isn’t suitable for everyone. A lender can take legal action should you fail to make repayments or make a late repayment.
Alternatives:Before you search for the easiest payday loan, first consider what alternative options are available to you. Arranged overdrafts on your bank account can provide lower interest rates and be cheaper forms of borrowing. You can also seek out credit cards with low-interest rates and preferential offers such as rewards schemes. Credit cards also afford consumers additional levels of protection on purchases. Quick and easy loans in the UK should only be seen as a last resort when other borrowing options aren’t available.
Quick Loans Express provides easy loans up to £1000. We’re a direct lender and offer same-day funding. Even if your credit score is less than perfect, applying for a loan for us is possible. We make the loan application process as simple as possible, and you can complete the loan application anywhere.
Loans That Are Easy to Get Approved For
A wide variety of borrowing options are available for potential customers. Easy payday loans can provide quick cash and are usually repaid within 30 days on your next payday. Fast and easy loans can help to tide you over until you’re next paid, allowing any unexpected expenses to be covered.
Getting approved for quick and easy loans isn’t usually too complicated. An online application form makes applying for an easy loan more manageable than ever. Payday lenders typically provide easy loans to get with lending criteria that are less strict than those for long term loans. High cost borrowing through easy payday loans in the UK isn’t always suitable. Your friends and family may be a better option for borrowing money in an emergency. If a quick loan is ideal for your needs, you can apply for an easy loan below.
Facts About Easy to Get Payday Loans
The world of payday loans that are easy to get can often be confusing, with many easy loan providers in the UK and often conflicting messaging. Here are some facts about quick and easy loans:
- Over a year, the average annual percentage interest rate (APR) could be as high as 1,500% for easy online loans. This high rate is due to the short nature of easy approval loans, usually repaid within 30 days.
- The typical APR for a credit card is 22.8%. Depending on your credit rating, this rate can be lower or higher. The lower interest for credit cards can make them more affordable compared to easy approval payday loans.
- The UK government regulates quick and easy loans. Interest rates and default fees are capped under government regulations. If taking out a loan for 30 days, you cannot be charged more than £24 in interest for each £100 you borrow. When repayments are missed, the maximum default fee chargeable is £15 plus any interest on the borrowed amount.
Those with problems with debt can find it difficult to resolve the issue. Continue reading for some information about getting assistance with your debts.
If you’re struggling with your financial situation and have problems with debt, an easy loan may not be appropriate for you. These high-cost forms of borrowing can worsen debt problems. Independent charities such as Step Change provide financial advice for individuals struggling with debt. The charity helps those in trouble to manage their money and get on the route to financial stability. Step Change also assists with paying off debts in an affordable way. Citizens Advice is also a good organisation to seek help from. Charities such as these help thousands of people each week to get their finances under control.
Where can I get an easy loan?
First, check you can afford to pay back a loan and consider more affordable borrowing. Easy to get loans can be found online or on the high street. An easy loan from a direct lender like Quick Loans Express can be applied for quickly, with fast payout times. You can apply online here. We will then use credit reference agencies to check your credit information, and if all is ok, we will approve your loan application. Once you have signed the consumer credit agreement (also known as a loan agreement), the money can reach your bank account within an hour.
Can I get easy online loans without a credit check?
Loans are rarely offered without an initial credit check or some other form of affordability assessment. Easy to get loans direct lenders offering loans without any credit check are often acting against legal regulations. Check your easy acceptance loans provider is authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register. If something seems too good to be true, then it likely is. If you want to apply for a loan with Quick Loans Express, there is no need to worry about your bad credit rating. We specialise in poor credit loans, and if we are unable to fund your loan today, we are also an authorised credit broker, and you can opt in to use our broker services to help you find another loan offer.
What are the easiest loans to get in the UK?
Easy payday loans will usually be the simplest to obtain in the UK. These can be expensive forms of borrowing with high-interest rates and short repayment times like 3 month loans or 4 month loans. Only take out a payday loan if you can afford it and have considered other options. Unsecured personal loans are also available and can still be easy to get. Applicants will need good credit scores to access longer-term borrowing with higher loan amounts.
What are the alternatives to fast and easy loans?
Alternatives are available to high-cost forms of borrowing, such as easy payday loans. Arranged overdraft facilities on your bank account can provide lower interest rates. Some banks offer an interest-free overdraft limit for varying periods. Credit cards also come with lower interest rates than the easiest to get payday loan, so these are worth considering. Consider too whether friends and family could help you out in the short term to avoid interest charges. Expensive forms of borrowing should only be used as a last resort when you can afford to repay them.