Good things come in small packages!! The popular phrase expresses the importance of small things in the world. In finances too, the same phrase proves its applicability. When it comes to loans, short-term loans dominate a large part of lending industry. Big needs of money are seldom occurrences; the most frequent are small and short-term needs that find their food in short-term loans.
No obligation quote, instant approval decision, timely fund disbursal make short-term funding compatible to a large number of borrowers. Customisation gives way to cheap short-term loans that fits to the pocket of the borrowers. A win-win situation for both the lender and the borrower. Any money mess leaves no stress with such affordable deals.
At Finance Ever, we work to provide workable offers on the short term loans in the UK. Fair deals and transparent lending are our features and we stick to them to provide you an experience with no compromise.
Can I Qualify for Short Term Loan If I have Bad Credit?
Bad credit creates too much hustle in the financial lives. Every financial decision becomes impossible due to imperfect financial records. At Finance Ever, we produce and establish every possible example of new age online lending and provide short term loans for bad credit people. The procedures are same and have no discrimination. You face no fright on any additional cost in the compensation of less-than-stellar credit rating.
Some Obvious Features of Our Loans Are -
- No obligation quote
- No prepayment penalty
- No long list of questions on the purpose of the loan
We try to be the best choice among the short-term loans for bad credit people by direct lenders. Flexible approach, borrower-friendly loan features, speedy procedures, round the clock availability, all come together to construct a good experience. Rest of the part relied on your trust on us, which is our precious asset.
How Much You Can Borrow and How to Repay
First comes to the question of ‘How much you can take?’ When it comes to the loan amount, the loans for good credit borrowers as well as bad credit loans present the same condition. REPAYMENT CAPACITY. Yes, this is the prime tool to win your desired loan amount. Why to create a chaos on credit rating if your repayment efficiency is good?
Just show us the income status and we give you the maximum possible loan amount. Our loan-to-value ratio usually goes in the favour of the borrowers.
Now, the concern of ‘How to repay?’. Well, being the new age lender, we cannot make you repay the instalments in the traditional time - consuming manner. Auto-debit is the trend of today. On every date of repayment, the instalment amount is deducted from the bank account you register with us.
- Double benefit - Get funds, improve credit rating
The customised deal keeps the repayments easy and with timely payments, it is absolutely possible to improve credit rating.
How the Loans Work?
The loans work through a very efficient and time saving procedure. This includes the eligibility criteria and the application procedure that are uncomplicated and clear.
The below conditions are not difficult to fulfil.
- Age should be 18 years
- A bank account
- Citizenship proof of UK
- Agreeable repayment capacity
- Application Procedure
Following the rule of ‘nothing fancy’, our application procedure goes smoothly and completes in only three quick steps
- Step 1 - Fill and submit the one page online application form
- Step 2 - Get the approval decision (instantly in a few minutes)
- Step 3 - Receive funds in the bank account
See, nothing complex as we understand the value of time and know how to make its best use for your financial well-being.
A comparison between short-term and long-term loans
Contrasts are not always contradictory. Comparisons make decisions easy and informed. A look below at the varied aspects of short-term and long-term funding is good for your financial literacy.
Alternatives of Short Term Loans
Many names, one purpose! You are never restricted to opt for any single option. Short-term bad credit loans have their alternatives with equivalent performance and lucrative features.
- Quick loans - As according to the name, quick in approval decision, quick in fund disbursement.
- Personal loans - Funds with personalised approach for your personal needs.
- Bad credit loans - Credit score status is not a concern. Prove creditworthiness and qualify EASILY.
Finance Ever finds the meaning of its name in the resolute intention to serve your financial purposes EVER. Fair practices, transparent deals, reasonable interest rates, no obligation quote all stands in a queue for your well-being in money matters. Come and connect with us...
SHORT TERM LOANS FAQ's
Can I make a partial payment of short term loans?
Yes, you can do but depending upon the amount that you have borrowed. We can only allow this if someone has acquired above £10000. But make sure no payment will get miss, as it can affect your credit score further.
Is there any significant difference in loan terms for a tenant and a homeowner?
There is not much difference in the lending terms for a tenant and a homeowner. But since later has the option of home to use as the collateral, the borrowing sum automatically increases while the tenants can also avail large amount but only if they have a guarantor who must be a homeowner.
Should I contact FinanceEver representative to guide me on the loan process?
You can anytime contact our loan experts at any time through either phone or mail although our loan process is quite easy and straightforward, so we are sure that you do not have any confusion. But you are always welcome to connect with us.