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Rates from 278% to 1576%
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Personal Loan FAQs
Am I Eligible to Apply for a Personal Loan ?
There are a few basic things that are checked as well as the deeper ones. To know if you are eligible can you answer yes to the following question
Can you afford the repayments?
How Long Does it Take for a Personal Loan to be Paid Out?
The application time scale may vary per applicant. This is due to financial views being done on everyone applying for a personal loan. The average pay out timescale is 5 to 7 days. This will be received directly into the specified bank account.
There will be times when you will need a bigger loan amount. Let’s say you will purchase a property – such as a car or a house – and your cash is limited. As long as you have the right requirements, you can take home 10000 loans and use it accordingly. Such loan amount is usually settled on an installment basis so the borrower will not have a hard repaying it.
Installment loans have been a popular choice for individuals who are looking for a larger amount. The repayment is more flexible since you don’t have to bring out one lump sum within two weeks or even one month. You can use it to start or expand a business, consolidation debts, to pay for the educational fee, travel, and more. Depending on the kind of loan you have, you can use it without restrictions, except if it’s a mortgage or a car loan. In addition, 10000 loan providers are more lenient with their prerequisites; most lenders will accept loan seekers with a bad credit remark.
There are two ways to acquire installment loans – traditionally or virtually. Traditionally means paying to traditional offices a visit, completing a handful of documents, submitting different paperwork, and waiting for days (or even weeks) before getting the approval. This method is ideal if you have enough time and patience; however, if you feel it’s not worth your time and you’re not available during business hours, you may try the online procedure.
Applying over the Internet is faster, convenient, and easier. All you need is a laptop and a stable network connection. An application form is available on their website and you just need to fill it in with your personal and financial details. A verification call usually follows afterward and after checking your requirements, the lender will release his decision in a few hours. Once approved, you can have the money transferred to your bank account. Unlike the traditional method, there’s no need to wait for days; with 10000 loans online, you can have the money you need in a matter of hours, or even in 30 minutes.
Despite its convenience, many people are still intimidated by the online platform as it is deemed unsafe. It has been introduced for quite a number of years but still, most are hesitant to apply for an advance over the Internet. But if you’re working with licensed lenders, you’re guaranteed to keep your information and money safe. They ensure that the websites are provided with maximum security for the protection of their clients’ confidential details. There’s no need to worry about it being shared or sold to third parties. But then again, you have to deal only with those who have the license to operate.
Criteria For Getting 10000 Loans
When it comes to their criteria, most installment lenders look for the following:
- Appropriate age (you need to be at least 18 years old and above)
- Residency (you need to be a resident or citizen of the United Kingdom)
- Proof of employment
- Valid bank account
- Contact details such as email address, home address, and mobile phone number
The Credit History
For most 10000 loans providers, the credit history is a crucial factor to have a successful loan application because it determines the borrower’s creditworthiness. Any records of CCJS, bankruptcy, arrears, and the like, are red flags. Luckily, there are loan options that won’t use it as the only factor for making a decision. The credit score will still be used though as a basis for the loan amount and interest rate. Because of this, such 10000 loans are not only beneficial when you need a massive amount of cash; it’s also ideal when you want to improve your credit score.
Another advantage is that you can have the money you need at the soonest possible time. And since many lenders are offering it, the competition is stronger, thus the existence of competitive deals and repayment terms. Loan providers have even become more considerate.
But on the other hand, not all loan applications are accepted because, in reality, a bad credit score impedes the approval of the loan application. In this case, providing a guarantor may be helpful in scoring a loan but also a lower interest and bigger amount as well.
Guarantor 10000 loans are a loan that will require another person who will vouch for and guarantee for the borrower. This means that in case the principal debtor defaulted, he will settle the entire loan amount including the additional charges. As a borrower, this will increase your chance of getting approved since you’re using another person as a security against the loan. There’s no need to provide collateral, a very high income, and an excellent credit remark. Nonetheless, this doesn’t mean a hundred percent approval. There’s still a chance for your loan application to be declined but if you want to impress the loan provider, consider the following:
Provide A Qualified Guarantor
The guarantor can be any person who is not financially-linked with the borrower. He/she can be your relative, friend, or colleague. However, the cosigner should meet the lender’s strict requirements to be eligible. First is the credit score – an excellent credit rating is a must. Another factor is the stable source of income and the employment – he must be from a reputable company. The guarantor may or may not be a homeowner, depending on the lender’s condition.
Source Of Funds
The credit report is not the sole factor to get 10000 loans; however, you should prove the lender that your income is enough to cover the loan. This means that you should provide payslips, certificate of employment, and the like. If you have alternative sources of income, such as pension or benefits, you can look for a specific lender who will accommodate your needs.
Know The Risks
You have obligations and liabilities as a borrower and you should understand each very well. This is also applicable when you’re working as the guarantor. Therefore, before taking the responsibility, be sure that you are ready to face the consequences. Avoid late or missed payments to get rid of additional charges and most of all, borrow only the amount you can settle.
Check Out the Lenders List
Loan amount £400 for 30days.Total amount repayable £459.36. Interest 180.5% p.a. (variable). Representative 728.9% APR
5 most recent personal loan reviews
I have never used a loan company due to my poor credit following a marriage breakdown but using this company with a good friend who trusts me to make the payments has been a very pleasant and extremely quick and simple process. So if you need to borrow, have someone who knows and trusts that you wont let them down with making the payments and has a good credit history then don't hesitate .. Contact Vivus Loans
Review posted by John Sutcliffe
Ease Of Use
Value For Money
I found the online application easy and straight forward, and had a very quick response from the customer service team. Once accepted, the money was transferred very quickly. I will defiantly recommended and will use if ever needed in the future.
Review posted by Alexandrine Parry, Guildford
Ease Of Use
Value For Money
From the initial contact everything was so simple. Friendly consultants who phone and text at your own convenience. One quick phone call and the cash was in the bank the next day! Perfect service! ?
Review posted by Deborah Tomlinson
Ease Of Use
Value For Money
All of our reviews have been sourced from TrustPilot to ensure authenticity.
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)
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Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances