The term ‘loans without guarantor’ can be defined through the flexible lending policies of the modern-age lender like Metro Loans. It means the loan provider does not require any secondary borrower to co-sign the loan documents and it will look for another factors like employment status.
Guarantor’s presence during the loan agreement is like a promise to the lender that the repayments can come within the given schedule. But the person should have a good credit profile and doing a regular job. Finding that person can be tough sometimes and thus these kinds of loans provide an alternative.
Metro Loans has opened its lending doors even for the people with low credit scores. We have prepared a specialised deal as the loans for bad credit without guarantor. And, this is enough as the reason of why you need these loans.
Loans can only save you from the financial hole if you have a reliable lender to assist you. We are doing exactly by offering the loans without credit check or guarantor. The prospective borrowers can submit their applications with no worry of strict credit perusal, as we do not perform credit check and allow loan approval on the basis of other relevant proofs.
3 main advantages that people get with such exemption:
Moreover, our wide online presence allows the Britons to apply for very bad credit loans with no guarantor and no broker. It means no third party is required to get the relevant funding benefits.
Applying at Metro Loans gives several advantages to the UK residents. The most important of them is that the loans without a guarantor come in different varieties, such as:
The borrowers can apply for the 12 month loans with no guarantor needed. These loans are vital to be used as the financial backup for a year and can be a tool to improve the credit ratings with fixed monthly repayments. The poor credit loans are also available with such facility of no co-signer, but the borrowers must be employed at the time of submitting application. The financial assistance is also available to those people, who are unemployed. They can also directly apply and get the much-needed funding access.
Loan amount of £10,000 with a monthly repayment of £457.62 over a loan term of 5 years at a rate of interest per annum (fixed) of 49.9%. This is equivalent to 49.9% APR Representative. Total amount repayable is £27,457.15.