Single Parent Loans

What are single parent loans?

Single parent loans are the instant funding options that are designed to help the people who take care of their children independently. Their struggle on financial fronts usually is more than a complete family where a couple has mutual responsibilities. The loans have flexible terms and conditions to ensure easy reach of funds for the people in need. ExtramileFinance offers a vast range of loans irrespective of any other constraint. It means those living on single parent benefits in the UK can borrow money.

What Are the loan options for single mothers/ single parents

At ExtramileFinance, we fulfil varied types of financial needs from the instant one to the long-term.

You can make a choice and can borrow smoothly while qualifying on the basic parameters of affordability. It is essential to mention here that all the options are available on instant approval decision. Fund disbursement happens on time but after scrutiny of current repaying capacity.

Short term – Duration 3 months.....2 years. Loan amount £1000...........;£3000

Short-term borrowing is suitable for instant needs. Mainly, the applicants living on loans for single mothers in the UK apply to us for this loan. From personal expenses to medical bills, these loans have no purpose constraint and reach your account quickly.

Medium term – Duration 2 years ...................;5 years. Loan amount £5000..................; £8000

Medium-term loans are also in demand due to their balanced nature in tenure and loan amount. Sometimes people do not need a small amount and also a very big fund. In that case, medium-term loans help fulfil the needs with a suitable amount of money to handle the relatable expenses.

Long term – Duration – 5 Years...........;10 years. Loan amount £9000..................;20,000

As you can easily understand, long term loans offer financial security for an extended duration. As this is a long-term borrowing option, we need collateral equivalent to 80% value of the funds borrowed. To offer the best rates and repayment plans to you, we need to apply the terms and conditions.

Types of loans available for single mother/single parent

According to the needs and financial circumstances, the types of single parent loans help solve your multiple issues. To provide timely help for single mothers in the UK, we have categorized the loans.

Unemployed Loans – Unemployment is a tough time and for a single mother, it can make things worse. The money received from benefits may not be sufficient to pay all the expenses. The unemployed loans for single mums on benefits in the UK help manage financial obligations on affordable instalments.
Student Loans – Student finance for single parent is a convenient way to find financial respite during tough times. Borrow at a low rate and pay back with ease.
Doorstep Loans – We provide funds at home to the applicants on the loans for single parents in the UK. Our home loan agent comes to your place at a convenient time and will complete the formalities. You can sit comfortably on your couch.
Home improvement Loans – Every year, we get many applications for home improvement loans for single parents. Like all other deals, these are also light on your pocket. Just prove the current repaying capacity and borrow money online and instant.
Payday Loans – The employed single parents can use their salary day as a solid point to borrow quick funds in a short time for an extremely urgent need. With our payday loans, you can obtain funds through an instant online process that can be done on mobile conveniently.
Bad Credit Loans – In case of missed bills and debts, a poor credit score happens. Through loans for single mothers with bad credit stressful financial circumstances can be tackled.
No Guarantor Loans – Borrow money without any guarantor on your repaying capacity. This facility is with short-term and medium-term loans. However, the repayment capacity and recent financial behaviour are the prime pillars to approve funds.
Installment Loans – The small needs can be easily satisfied with online installment loans. The personalized pricing of deals and attention to current income more than the past financial situation gives you a chance to borrow hassle-free.

Loans for single parents with bad credit

Of course, a poor credit situation is a stress condition and creates multiple issues in personal finances. But fortunately, direct lending provides relatable solutions to single parents. The bad credit loans for single parents offer relief during difficult times and provide money on easy terms and conditions.

Employment stability proof is helpful to get funds without any insecurity on approval decision.
Show ample proof if you are living on benefits because we take them as a part of income.
The bills and debt payments in recent times should be consistent without any delay.

If you are good on these points, you can easily qualify to get single parent crisis loan. Repay the loan on time later and you can improve your credit score too.

The eligibility criterion for loans for single parents

More to less, the criterion is the same as other loans, but yes few new points add considering the financial and personal conditions of the applicants. But the conditions are easy to qualify.

Applicant should be a resident of the UK with name on the electoral roll.
One verified bank account is necessary with a minimum balance of £500.
The address proof should be there with due documents to justify the address.
The applicant should not have multiple rejections on loans etc., in the recent past.

How to Apply?

The application process is simple and takes only a few minutes. Also, you can apply through mobile, laptop, desktop. Our application process is friendly to all devices. The approval rate is 99%, most of the applicants can expect approval.

Visit the website, choose the loan type.
Fill the form to apply for the funds.
Wait for a decision after submission.
Once approved, funds reach you quickly.

Why rely on us to get emergency money for single mothers

ExtramileFinance is certain in its aim which is programmed to serve the borrowers and help them achieve financial well-being. We are available 24x7, 365 days including festive and national holidays. Connect with us as we are ready to help you day and night.

We are always ready to help single parents with following facilities:-

Loan on Single Parent Pension

Quick and Easy Funding

Cash-at-Home

Approval on Very Poor Credit

Any Income Accepted

Support for Short and Long-term Needs

Apply Now

FAQs

Q How can a single mom get a loan?

A single mom can get a loan through her satisfactory repaying capacity because a stable income has no gender bias. Anyone with a regular income can borrow money.

Q How much do single mums get on benefits?

The amount depends on the type of benefit you are applying for, but yes, Pound 1000 to Pound 15 or 20,000 can be offered. But individual circumstances are always necessary.

Q Can a single parent apply for payday loans?

Yes, single parents can undoubtedly apply for payday loans because these loans are offered based on payday. Just show the salary slip and borrow money without any stress.

Q I am a single parent and presently unemployed. Can I apply for private lender loans?

Yes, despite unemployment, you can apply for a private lender for loans. But your current income status should be good, and you should be able to pay instalments.

Q Are there any special provisions for single parent loans?

Yes, the provisions depend on the rules of affordability. These are -

The applicant should have a source of regular income,
In case of poor credit, the missed payments should not be consistent.

How much do you need? *