In life, some months are always going to be more expensive than others. If you find yourself in the situation where you need money to pay for immediate expenses, a personal loan could help!
Let’s say your boiler or your car breaks down. Repairs can be costly, and if you haven’t budgeted to factor in these costs, you could find yourself coming unstuck. If you’re short on cash and need to cover unplanned expenses, a £700 loan could be just what you need to cover the short term.
The great thing about personal loans is that they can be flexibly used by people of all different financial situations and needs. Our providers offer £700 loans for bad credit, which can be paid back over a period of less than or more than 12 months. With a £700 loan, you stay in control. Find out more about these loans below.
A 700 pound loan is just what it sounds like, a personal loan to the value of £700, borrowed over a short-term. With this type of loan, you can receive instant access to the money you need, under the agreement that you’ll make weekly or monthly repayments at a pre-agreed interest rate.
At ThisLender, we help to arrange £700 loans for customers that can be repaid flexibly over a period of 3 - 36 months. And, if you decide that you need to borrow more or less than £700, that’s okay too! Our service helps to arrange quick personal loans from £50 up to £5,000†.
Yes, absolutely. When you apply to borrow 700 pounds online, you get matched to lenders best suited to your financial situation. Many of the direct lenders we work with offer £700 loan bad credit agreements, which means that if you’ve suffered poor credit in the past, or haven’t yet built your credit score, you could still be eligible to receive funding.
Remember: Taking steps to build your credit score before you apply for a loan is important as it can impact the interest rate you will pay. For example, a higher credit score will tend to attract lower interest rates. You can check your credit score for free at Credit Karma.
If you have bad credit, you could be offered a £700 guarantor loan. Under this arrangement, you would need to ask a friend or family member who has good credit to co-sign your loan contract. All this means is that in the event you were unable to make repayments, your guarantor would be liable to pay off the loan on your behalf.
At ThisLender, we work with a panel of the UK’s leading direct lenders. Because of this, we are able to help our customers secure £700 loans through direct lenders within 10 minutes² after approval.
Using our free, online application, you can quickly get matched to a direct lender for your financial situation. Once matched, you will receive an online quote from a suitable direct lender. This quote will include your interest rate and any additional fees or charges, helping you calculate how much it will cost you to borrow 700 pounds.
We try to make sure that as many of our customers as possible are able to get the emergency finance they need. You could be eligible to borrow £700 if you meet the below criteria:
After you have made your online application, the lenders on our panel will complete a soft search to assess your eligibility for a loan. Don’t worry though - soft credit checks won’t appear on your credit file.
Once a lender match is found, you will move onto the second part of the application process and deal with your £700 loan lender directly. Please bear in mind that all lenders have their own specific requirements for lending. You will need to pass their final checks and eligibility criteria before the 700 pound loan is granted.
No, you can’t. In the UK, £700 loan no credit check agreements don’t exist. Well, not legally anyway. All legitimate lenders are registered with the Financial Conduct Authority This organisation sets the requirements for consumer credit firms to follow, and a credit check is one of these requirements.
While you may think a £700 loan no credit check is what you need, trust us when we say that it isn’t. The credit check forms an important part of the application process, and helps lenders do their due diligence and ensure that you won’t be getting into debt you can’t afford to pay back when you borrow £700.
To put your mind at ease, even with bad credit, it doesn’t mean you won’t be eligible to receive funding. As mentioned, lots of our direct lenders offer bad credit guarantor loans and more, so please - never try to skip this all important step!
Yes, we do. Whenever you take out a personal loan, you will need to decide how long you want to spend paying back the £700. This is referred to as the loan’s ‘term’ or ‘repayment period’, and it will impact the interest rate you get charged, as well as how much you’ll end up paying back overall.
At ThisLender, we pride ourselves on offering customers flexibility for personal borrowing. No two people’s financial circumstances are the same, which is why it’s important for us to provide flexible payment arrangements.
When you apply through our platform, you can choose to pay back your £700 loan over 12 months, or under. We offer repayment terms from 3 - 36 months.
Our £700 loans tend to be a popular choice for customers because they provide a large enough chunk of money to cover emergency repairs and bills, while still being low enough to avoid being overly costly. The benefits of taking out a £700 loan include:
It’s always important to be aware of the fact that personal loan products come with risks. The main disadvantage is the potential of getting into debt you can’t afford to repay. This is never a position you want to be in, so before applying for a £700 loan you must make sure you are confident in your ability to make repayments.
Remember: You should only ever decide to take out a £700 loan after you have tried to raise the money from other avenues, such as selling personal possessions, or borrowing from friends and families. Even more importantly, £700 loans should only ever be used for financial emergencies, never for leisure spending.
As one of the UK’s leading loan brokers, we’ve helped countless customers secure the money they need to see through financial emergencies. We understand that borrowing money online can be stressful, which is why we work hard to provide clear and transparent information to help you borrow with confidence.
If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.
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Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
We are not a lender but a licensed credit broker in the UK
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