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How Guaranteed Loans Possible with Direct Lenders in UK?

Loans are for your help, providing you with financial stability, freedom of thought and peace of mind. Whether it is short term guaranteed loans or guaranteed Payday loan or guaranteed loans for unemployed, what needs to be looked here is the role of Lender. There is a general regulation that no lender can provide guaranteed approval on loans because every lender has to go through the financial trustworthiness of the borrowers.

The concept of guaranteed loans slightly differs from it because here the lender is assured of well-timed repayments either from primary borrower or from the guarantor, who signed the loan contract as ‘third party’.

Guaranteed loans uk

Loan Palace is a professionally managed, organised and experienced loan Lender in UK, offering comprehensive loan choices, including Short Term Loans, Guaranteed Payday Loan, Guaranteed Loans for Unemployed etc. As your trustworthy Lender, we keep your priorities high up and giving 100% acceptance on your loan applications that you have submitted according to your immediate needs.

Can I Expect Guaranteed Loans with No Credit Check?

Loan Palace is quite different from the traditional lending institutions, as they are generally like to stick to their ongoing terms and policies. We belong to the modern-day lending age where everything is possible for everyone. Our wide range of loan deals never closes the doors for those borrowers, who are applying for the first time in their life and they do not have any credit history to show their financial trustworthiness.

We provide the guaranteed loans with no credit check claim for the purposes of making everything easy for them to fetch the required funding. We do not take interest in what has happened in the past rather our main concern is your prevailing financial circumstances, which we aim to improve at any cost. Such sorts of loans also help you in building a credible credit score right from the start that will help in future funding too.

Does Loan Palace Offer Guaranteed Loans for Bad Credit People?

Since our inception as Loan Palace, we have not been following the biased lending policy. In fact, we are trying hard to become the best financial ally for those individuals, who have been struggling hard with their bad credit scores. Other lending institutions have already ignored their loan applications. Therefore, getting loans without direct lenders is very tough for them. This is where we show our authenticity at the UK marketplace and committed to offer guaranteed loans with bad credit is not an issue.

We do not leave any chance to help them at the possible way and thus, we have customised our loan deals according to their needs and capacities. They can definitely look upon us for the assured financial help because they really find our interest rates and repayment schedules comfortable to their struggling finances. Moreover, borrowers also have the opportunity to enhance their credit profiles by making the repayments on time.

The benefits we provide definitely approve that why availing bad credit loans on guaranteed approval from direct lenders only is so crucial.

Why Guaranteed Loans from Loan Palace?

As a responsible direct lender, we don’t deny the fact that comparing lenders is an important practice. When you compare others with us, you will definitely find our guaranteed loans more convenient to your budget and provide you instant financial outcome.

The best part is that our smart loan procedures have eliminated all hassles related to the paperwork. Fill your loan application online, and you do not have to wait for our acceptance because we will process everything instantly.

Think of availing guaranteed short term loans for unemployed and bad credit people. Loan Palace will not make you wait or grumble. We are always available to answer your calls. Our response rate is incredibly high.

Guaranteed Loans FAQs

Are there any guaranteed loans? arrow

To be honest, no loan provides you with 100% disbursal guarantee. Even if you have an excellent credit score, loans deals are likely to turn you down. A lender takes into account various factors to decide whether to approve your application or not, which are as follows:


  • Your repayment history
  • Credit score
  • Credit mix
  • The length of credit
  • Number of inquiries

Direct lenders make sure that you get a better deal despite poor credit rating. However, these loans carry high interest rates.

What does guarantee a loan mean? arrow

Loan guarantee means a promise made by a guarantor to the direct lender to take debt obligation in case the borrower commits a default. The guarantor may be liable for a portion of a debt or the whole of a debt. In the absence of a guarantor, the guarantee toward the repayment of a loan can be given by putting collateral. The lender holds the right to sell the asset in case the borrower commits a default. It means the lender will not deny the loan application despite the borrower is having a bad credit score. If not the credit score, the borrower should have a guarantor with good credit score to confirm the guaranteed loan approval.

How can I increase my chances of getting a loan? arrow

You can do this easily by bringing a guarantor or having a good credit score. If you have a stable monthly income, then it can also work for you. But make sure that you are applying from a genuine lender.

What is a good credit score to apply for a loan?

According to Experian agency, if you have a credit score between 881 and 960, then you have a good credit score. Ratings above than this are considered as excellent while below categories are belonged to fair, poor and very poor.

How much loan can I get on my salary? arrow

It depends upon your monthly salary, current funds requirement and the lender’s norms. You can request for your desired amount but you have to keep yourself according to the terms and conditions put up by the lender.

Are there any guaranteed payday loans? arrow

Lots of lending agencies are advertising regarding guaranteed payday loans but in reality, there is no such type of loans available in the market. No lender or financial institution can offer a guaranteed payday loan. Payday loans providers are just like a bank and they can’t give you loans without performing the required checks. We understand that it is very difficult for people with poor credit to get the loan from their banks, so they seek private lenders. But the truth is that the concept of a guaranteed payday loan is a myth. To get the loan you have to meet the certain criteria of lenders.

Are there any guaranteed loans for bad credit people? arrow

Yes, of course. This is what all about the direct lending. The lenders belong to it are well aware of the risk involved and still, they do not hesitate to offer the guaranteed loans for bad credit people. The main thing is that how the borrowers can ensure the repayments to the lenders and the best way is showing your employment status. You past credit errors do not put positive impact on to your credit profiles and thus, your income status should force the lender to give you the guaranteed loan approval. Alternatively, you can also show guarantor or collateral, if manageable.