Total interest payable by one repayment: £84. Representative APR 1223.6% (Variable)
23 November 2012
Today, every lender offers you with various loan offerings which help you choose the best suited loan according to your situational need.
But for those unprivileged people who have been living on benefits as provided by the governmental social institutions, it becomes tough for them to even get qualified for a loan.
To overcome any such obstacle in your personal and financial life, the lenders have now started offering loans for people on benefit.
These loans aid in providing immediate monetary assistance to all those individuals who do not have any regular source of income and are living on benefits. By applying for these loans, the individual get instant access to their much needed loan amount within hours from the time they apply.
The lenders offer online services for these loans so that you get the flexibility in applying for these loans at any point of time and from anywhere across the globe. They also offer you with several modes of repayment with which you can conveniently choose to repay your loan in the form of small instalments over a period of time.
To become eligible to apply for these loans, the lenders require you to be of a minimum qualifying age that is 18 years or above. You should also own an active checking or savings bank account in your name. You should also be able to provide valid proofs relating to the benefits that you receive, if required.
Loans for people on benefit are very easy to apply. All you are required to do is to locate a lender of your choice who provides you these loans on a competitive market price.
Once you have decided on the lender, you can directly log onto their home page and fill in a single page application form within minutes. This way you get rid of any tedious process of documentation that is required to apply for these loans.
As soon as you submit it, your request gets further directed to the lenders where they validate your requirement and according to your repayment ability they approve your loan.
The entire process is so streamlined that you get instant results from the lender and also get benefited. The lenders do not bind you to any tough conditions such as offering collateral or going through credit appraisal process.
Loans for people on benefit are easy loans which enable you to get an assured sum of cash during their financial emergency in spite of your poor financials. So, even if you have been surviving on benefits, lenders still offer you an opportunity to avail the benefits of these loans.
The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in UK. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.
We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.
PLEASE READ TERMS & CONDITIONS OF LENDERS OR BROKERS BEFORE PAYING ANY UPFRONT FEES.
Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions