Stuck in an emergency situation and struggling to get an online loan today? Not sure of where you can borrow one? No worries! At Money Pig, we know how difficult it is to deal with sudden expenses such as a car or HVAC breakdown. So, if you are in one of those difficult situations, then we can offer you financial assistance for free. Whether it is a medical emergency or those bills piling up, we can help you get a loan in no time. As a responsible financial intermediary, we consider it our duty to provide you with prompt and timely financial assistance.
So, if you wish to get an online loan today, then you can always reach out to Money Pig by submitting an online loan application. Upon its receipt, we will do the best we can to get you a profitable deal. Often, borrowers end up getting a bad deal when they apply for an emergency loan, but that does not have to be the case. We can get you a fair deal based on your personal details and requirements without you having to put in multiple applications.
So, if you are still thinking about whether you can get an online loan today, then stop thinking and submit your online loan application to us. We will then push your application to the best lenders, and you’ll start receiving meaningful offers. Once you accept an offer then the loan would be processed very fast and you’ll have the necessary funds in no time. All of this is done by us for free but we still have so many queries coming in. So, we decided to address some of the most asked questions about online loans and how we process them. So, let’s get started.
FAQs | Can I Get an Online Loan Today?
- How can I get an online loan today?
- Are online loans safe?
- Who offers online loans in the UK?
- What is the eligibility for an online loan in the UK?
- What are the different types of online loans that I can borrow?
- How can I compare online loans in the UK?
- Do credit checks performed for online loans show up on my credit file?
- Do I have to pay an upfront fee to get an online loan today?
- Can I get a loan on the same day when I apply?
- Can I get an online car loan today?
- Can I get an online emergency loan today?
- I have a bad credit score. Can I get an online loan today?
- Can I get an online loan today without having a full-time employment?
- Do lenders run credit checks before lending online loans?
How can I get an online loan today?
When you need some fast cash, online loans are the most ideal choice because it eliminates the need for personal meetings and phone calls, which are often time-consuming. Instead, you can furnish your requirements and other details to a lender from your home and receive the funds directly into your bank account. To get one, you can always find banks and lenders willing to offer quick and fast online loans.
Speaking of banks, we must admit that most banks follow a traditional loan processing approach, which may take some time. So, if you are in an emergency situation, then you may not be able to get an online loan today. Also, in some cases, banks refuse to sanction online loans to those who do not have a very high credit score. If you are now worried about getting an online loan today, then you can always count on Money Pig.
We know the challenges faced by an average borrower when it comes to borrowing from mainstream banks. So, this is where we come in and offer you same-day online loans advanced by our network of lenders. Money Pig is tied-up with several lenders who offer quick and fast loans. These strategic tie-ups make us your best pick because you gain access to multiple lenders. Moreover, since all the loans offered by our lenders are processed online and transferred straight into your bank account, you can expect a quick turnaround.
Are online loans safe?
When one thinks of getting an online loan, safety is the first thing that crosses the mind and that’s largely due to the spike in financial cybercrime. However, as your trusted financial intermediary we take all the necessary precautions to reduce the chances of security breaches. In fact, we ensure that all the lenders adhere to our strict security guidelines. This ensures that the online communication exchanged with us and with our lenders remains encrypted and confidential.
Also, we make use of highly secure servers to store the personal and financial details of our loan applicants and limit their access. As we and our lenders fully comply with the GDPR and other data privacy requirements, there is little that you need to worry about while getting an online loan from us. So, if you are still thinking about whether you should get an online loan today, then don’t worry. Submit an online loan application to Money Pig and our Experts will provide you with the necessary assistance.
Who offers online loans in the UK?
In 2020, almost all banks and lenders offer online loans in the UK but you need to be prudent while making your choice. If you are in a tight spot wondering whether you can get an online loan today, then applying to a bank is not going to solve it for you. Likewise, if you have a low credit score then most banks would not approve your loan application which would cause unnecessary delays.
On the other hand, applying to individual direct lenders can be slower and much more tedious because you need to check individual lenders on the FCA Register, confirm their credibility, check their security policy, and then individually apply to them. You can overcome these issues and speed up the process by applying through Money Pig and reaching out to several lenders with just one application. Our services are free for applicants, so do not think twice before applying for a loan. Moreover, our internal protocols limit the number of hard credit checks, which keeps your credit file clean.
What is the eligibility for an online loan in the UK?
The eligibility criteria for online loans is the same as it is for any other loans in the UK. You must have completed 18 years of age and must be able to enter into a valid contract. Also, you must be a UK citizen having a bank account with a UK-based bank. Finally, you must be working, self-employed, or earning an income in the UK, which lets you repay the loan amount that you wish to borrow. In the case of low income, the lender may ask you to furnish a guarantor or security. Upon fulfilling those obligations, you can have the desired loan processed and sanctioned directly into your bank account. So, if you have been wondering whether you can get an online loan today, then you sure can. All you need to do is fill and submit the free online application on our website and we will take it forward from there.
What are the different types of online loans that I can borrow?
Most online loans available are short term loans such as payday loans, emergency loans, fast loans, same day loans, personal loans, etc… However, we also offer certain long term loans through the online mode, so make it a point to state your requirement in the loan application. Mention it in detail so that we can pull out the best offers for you. With a network of flexible lenders, we can bring you the best quotes irrespective of your credit score. In fact, we also offer loans to those who are not in full-time employment, so stop asking yourself whether you can get an online loan today. Instead, take control of your finances by letting us connect you to some of the best lenders in the UK.
How can I compare online loans in the UK?
You can compare your online loan options in the UK based on APRs and the terms and conditions laid down by the direct lender. There are two ways of doing this. The first one is to approach individual lenders and request for quotes and the other one is to apply to a trusted financial intermediary. Money Pig is a well-connected financial intermediary that has a network of some of the best lenders in the UK. So, instead of individually applying to multiple lenders, we can review your application for free and connect you to the one most likely to do business with you. We encourage you to mention your requirements including the APRs and other terms and conditions. That would enable us to offer you quotes from lenders most likely to agree to those terms.
Although we do the initial legwork for you, we always encourage loan applicants to be proactive and confirm the commercial clauses in the loan agreement, before signing the document. Commercial clauses such as non-repayment clauses, delayed repayment clauses, prepayment clauses, etc… are as important as the APRs. So, if you want to keep your credit score high then you must look for a lender willing to permit at least two delayed payments every year. Unless you do this, every delayed payment would be reported to the credit referencing agency and would show up on your credit file. Reporting all repayments, non-repayments or defaults, and late repayments is a rule that all lenders in the UK must follow.
Do credit checks performed for online loans show up on my credit file?
Yes, all hard credit checks performed on you show up in your credit file for at least two years. Also, loan rejections can further lower your credit score and make things worse for you. This can happen if you apply for a loan from multiple banks or individual direct lenders. In that case, each of those banks and lenders would perform a credit check on you. This means you would undergo multiple credit checks which could lower your credit score. Therefore, we offer you a single window to connect with multiple lenders through Money Pig. Also, we make it a point to perform only soft credit checks until you have approved a quote and are willing to borrow from one of our lenders. As soft credit checks do not show up on your credit file, there is no need to worry. Moreover, the hard credit check is performed at the last stage, just before releasing the funds. This protects your overall credit score besides enabling you to do business with the right lender.
Do I have to pay an upfront fee to get an online loan today?
You do not have to pay an upfront fee for any type of loan because no legitimate lender would ask for money from someone, they intend to advance money to. So, if you have been looking up for how you can get an online loan today, then you may have come across scammers pretending to be lenders. These scammers look for targets who need urgent loans and deceive them by asking for an upfront fee. If you have ever submitted an application to Money Pig, then you would know that we do not charge any fee. So, avoid paying anyone for a loan and make it a point to do business with legitimate lenders. We can help you by connecting you to reliable lenders with a proven track record.
Can I get an online loan on the same day when I apply?
Yes, you can get an online loan today, but you need to apply right away on our website. It hardly takes two minutes to fill and submit our loan application form. While filling out the loan application form, make it a point to clearly mention that you need a same day loan so that we can process your application on a priority. Each day, we receive hundreds of loan applications but always make it a point to prioritize emergency loans and same day loans. We offer same day loans to those with all types of credit scores and employment types. For full-time students, we have a special loan called the student loan, which is much like a personal loan and can be used without any restrictions. You may also qualify for some other same-day loan options based on your personal profile. So, instead of worrying about whether you can get an online loan today, navigate to our loan application page, and get started.
Can I get an online car loan today?
Yes, you can get an online car loan today but only if you hurry up and submit an online loan application on our website so that we can process it right away. However, remember to choose the right option while borrowing a loan for your car. We say this because car loans are not the most profitable car financing options available. Particularly because it doesn’t let you own the car until you repay the entire car loan. This could cause some serious problems such as steep asset depreciation and the inability to sell it during financial distress. So, you can always explore other options such as personal loans and student loans to finance your car. Student loans offered by us are similar to personal loans but are exclusively designed for full-time students. Funds sanctioned under the student loan can be used without any restrictions and you could also use it to buy a car. However, if you wish to stick to your decision of buying a car with a car loan, then we can help you get an online car loan today. So, submit an online car loan application on our website and start receiving free quotes right away.
Can I get an online emergency loan today?
Dealing with an emergency and looking for loan options at the same time can be stressful. You are likely to have other things to deal with and may be left with little or no time to skim through the many loan options. You can overcome that kind of a situation by letting us know your requirements and allowing us to pull out the best offers for you.
At Money Pig, we partner-up with some of the most reputed lenders in the industry who would be willing to advance emergency loans at competitive interest rates. These lenders have high liquidity and flexible qualifying criteria. So, if you need an online loan today, then we can help you get one without any delays. Since funds are transferred directly into your account, there is no wastage of time. We further accelerate the process by connecting you only to those lenders who are willing to do business with you.
I have a bad credit score. Can I get an online loan today?
Yes, despite your low credit score we can help you get an online loan today. You must understand that there are many factors that influence your credit score. Some of these could have lowered your score without your fault, such as non-repayment due to loss of employment during a recession or a joint loan with someone who has a bad credit score. While most banks will not look into these things in detail, we do. Also, we communicate it to our network of lenders and connect you with those willing to lend you the loan. As we partner up with several flexible lenders, we usually have no problems finding a loan for those with any type of credit score.
Can I get an online loan today without having a full-time employment?
Yes, we can help you find a lender willing to advance a loan without the usual requirement of having full-time employment. Money Pig’s lenders appreciate the many opportunities available online and do not have any problems advancing loans to those with steady income streams. As long as you can repay the loan, we believe that we can help you get one. Also, these loans come from renowned lenders who have an excellent track record. They would be glad to offer financial assistance to those who are in part-time, or remote employments. If you are a full-time student, then you can also explore the student loan option that we offer. The student loan is processed on the same day and comes without any restrictions on how the funds are used. Since most full-time students rely on part-time jobs to support themselves financially, this one works well for them.
Do lenders run credit checks before lending online loans?
Yes, all lenders in the UK must run credit checks before advancing any type of loan, whether offline or online. In the UK, the financial sector is governed by the Financial Conduct Authority (FCA) and it is this government agency that makes credit checks mandatory for lenders. So, always make it a point to borrow loans from FCA-licensed lenders. Money Pig has strategic partnerships with several licensed lenders and can help you borrow money regardless of your credit score.
However, we’d like to mention that while looking for online loans, you may often come across lenders offering no-credit-check loans. However, you must resist the temptation of doing business with such lenders. These are loan sharks who lend money illegally at very high-interest rates. Their debt collection practices are also questionable, and the only way out is to either repay the loan with high-interest rates or to report them to the concerned authorities.
At Money Pig, we believe in simplifying and speeding up the borrowing process. We do this by building the right partnerships and offering highly transparent quotes to loan applicants. Over the years, we have emerged as a trusted emergency online loan facilitator known to offer the most profitable deals. So, if you want to get an online loan today, but at the most competitive rates, then apply now.