How Can You Obtain a Quick Loan If You Have Bad Credit?

If you are not fully ready to deal with any unforeseen financial emergencies then the best option would be same day loan. These are short-term loans that can offer you loan on the very same day you apply.

Loan pig is a well-known short-term loan provider in UK having its website at LOANPIG.CO.UK from where you will know about various kinds of loans that they can offer you. You can get payday loans from them in easier terms and conditions. If they fail to offer you any loan then they will introduce you to their panel of lenders from where you may get loan.

Who are eligible for such quick loan? 

Many of you may not have a good credit history, but that will not hold you back to obtain such loansFollowing are the eligibility criterial for applying for such loans:

  1. You have to be minimum 18 years old
  2. You must be a citizen of UK
  3. There must be regular source of income for you
  4. You need to have bank account in the UK in your name, having debit card too.
  5. You must have valid email ID and mobile number

How to apply?

You need to decide the amount of money you would like to borrow and for how long you can repay it back. There are loan calculators available to know how much you need to pay each month to repay the total amount. Here are the steps to follow –

  1. Fill in online application form

Firstly, you have to provide all your personal details and also bank account details with employment information on the online application.

  1. Processing of application

Loan provider will give their instant decision whether your application has been accepted or rejected after conducting few enquiries about your application. They will send approval with their terms and conditions of loan.

  1. Your acceptance

If you are ok with their terms then you can proceed and give your consent and the loan provider will check your credit history against various details that you have provided in your application.

  1. Approval

In case your loan is approved the required amount will be directly credited into your own bank account, which may take just about 5-minutes after your loan approval.

  1. Repayment

You need to repay your loan amount as agreed by you as per terms and your repayment schedule. If you like, you can also make early repayment.

The main idea of providing such quick loans to any applicants like you is to help you to obtain money that you need very urgently, so that you can easily deal with your emergency situation for which you needed this loan amount.

The process is very simple and does not take too much of your time too. In case, your application for loan is rejected due to any reason then it will be quickly communicated to you so that you can look for any other alternate.