No credit history loans- where credit record is of no issue
Financial need never stops even if you don’t have enough money to satisfy them. In such conditions the only source on which you can rely, are loans. But you become reluctant as you are afraid because you not achieved any credit history yet. Relax your worries as no credit history loans are here to help you now.
No credit history loans are specifically designed for those people who are not having a good credit record in their past. Those who apply for these loans can use the loan amount for various purposes like paying grocery bills, utility bills, medical bills, repairing expense of car or bike, maintenance expense of household, buying a new mobile phone or home appliance, school or college fees of children, etc.
With no credit history loan you can get an amount that ranges within £100 to £1500. The time period of repayment of this loan amount along with the interest rate charged on it varies between 2 weeks and 4 weeks. With these loans you are free from any kind of collateral placing hence these are unsecured in nature. These loans are short term as well so the interest rate levied on these loans is generally higher than any other loans.
To get these loans you have to make it a point that you qualify the eligibility criteria of these loans which are:
- You must be an adult i.e. at least 18 years of age or more than that.
- You must be working and earning a regular income of at least £1000 per month.
- You must also possess a valid checking account.
No credit check loans keep you fearless of your non achievement of any credit history. It is easy to get through the application process of these loans as there is no credit check done before applying for these loans.
You can apply for these loans from anywhere through online application. It is very fast, secured and doesn’t charge any processing fees. While searching for various lenders on internet you can ask for their free quotes and compare them with each other. You can then easily apply for the best suitable plan.
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