Representative APR Example
£350 borrowed for 30 days. Total amount payable by one repayment: £434.
Total interest payable by one repayment: £84. Representative APR 1223.6% (Variable)
Loan
£0
Period
0 Day(s)
Interest : £0
Repayment : £0

Source of benefit from financial institution


14 October 2008

Loans on benefits are the loan especially designed for the people who are living on other’s benefit and the situation can be emerged anytime when you will be in need of some extra cash and some social security department or DSS benefits won’t be able to provide you enough help. For this, loans on benefits are here for your help.

These loans are available in two such kinds: secured and unsecured. In secured loan you have to pledge some collateral and the rate of interest is low. However, in unsecured loan you don’t need to pledge any collateral. The people on benefits who always prefer to go for an unsecured loan as there are risks of loosing the collateral in cases of defaults. So, unsecured loan is good option for those individuals.

All UK people can avail this loan and should be 18 years and above. You must acquire a valid check account. It is applicable online without any special formalities. It does not involve documentation, paper work or loads of faxing. Even no credit check is required.

This loan is available for both home owners and tenants. It is completely hassle free, quick and simple. It has comfortable and convenient process and procedure. Loans on benefit can serves as a real friend to any normal human being.

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

Warning: Failure to meet your repayments can have serious financial consequences. For help, go to moneyadviceservice.org.uk