Q. Who All Are Eligible To Get The Loans For People On Benefits?
Any adult UK citizen who is living on the financial benefits provided by the DSS (Department Of Social Security) can apply and avail these cash loans. One needs to hold a checking bank account also to enjoy the electronic money transfer.
Q. How Can I Apply For The Loan Online?
It is quite simple to avail these loans online; you just need to send a loan request to use by filling an online loan application with some personal and professional details.
Q. How Much Time Does It To Take To Get The Loan Decision?
The moment our associated lenders are satisfied with the authenticity your details as well as your affordability they will give the loan decision.
Q. What All Information I Need To Provide In The Loan Application?
At the time of filling and submitting the loan application with us, you need to share information which includes your name and address, email address, contact number, social security number, employment details, salary details, bank details and so on. All this information will assist us to find the appropriate deal from our associated lender as per your overall circumstance.
Q. What If My Credit Rating Is Less Than Perfect?
It does not matter what your credit rating while availing this service. There are some lenders in our panel that are interested in offering loan to people holding imperfect credit score.
Q. Do I Need To Pledge Any Asset To Get The Cash Help?
No, you need not to place any personal asset to get the cash advance. Our associated lenders provide the hassle free funds to people completing on the basis of their current financial situation. It is recommended to check the loan agreement in full to understand the service before making commitment.
Q. Is There Any Fee To Get Your Service?
At Loans for People on Benefit, we don’t charge any fees for helping people in finding the loan service. Any interest charge will be part of the loan agreement made by the loan provider.
What Are the Our Charges
Please note: We are NOT a lender - We are a licensed broker working with the best direct lenders in the market place to find you a short-term loan. 1269.7% APR Representative: Borrow £200 for 30 days you would repay a single payment of £229.68. Interest is £29.68 per annum (fixed). Daily interest will grow on the outstanding principle loan amount at a rate of 0.8% per day. Missed payments may be subject to an extra fee of £15. Default on a loan could result in a damaged credit score, and affect your chances of Borrowing from other companies in the future.1
Why is The APR so High?
Representative APR: 728.9% (variable). Representative Example: Loan amount £500 for 30days. Total amount repayable £574.20. Interest £74.20 p.a. (variable). Representative 728.9% APR* we are not a lender, we provide a free credit brokering service. We will never charge you a fees for using our application.2