How does our loan approval process work?
The entire process to get a loan with Quickloanspoint is online. The experts help you decide the right amount to borrow given the affordability. We analyse your credit score, employment history and income to provide the loan. You can breathe free as there are no surprises or hidden costs.
We accept every credit score
You don’t need only a good credit score to apply with us. Every individual with poor credit scores deserves a second chance. You may qualify for a bad credit loan with a steady income and financial profile. You can even get low interest rates even with a bad credit score. You may even get personalised assistance regarding choosing the amount, or repayments. The final amount you get depends on your ability to repay.
A step-wise guide to how our loan procedure works
Online application has never been easier than you get it here. There is no need of collateral, guarantor or detailed documents to qualify.
Step 1: Analyse the loan amount
Check how much you require to cover your cash needs. Analyse the existing savings to understand how much you can arrange. Next, identify the balance that you need to meet the requirements comfortably. Explore a loan calculator to know the costs and the ideal amount to borrow.
If confused regarding choosing the affordable amount, contact us. We may help you pick the amount that meets your needs without affecting your basic budget.
Step 2- Understand the eligibility criteria
Understanding the qualifying conditions may help you know the loan approval chances. It also lowers the chances of applying for the wrong loan. Quickloanspoint hosts easy-to-navigate criteria that align primarily with bad credit finances. We understand it is difficult to qualify with credit issues. However, you just need to meet the basic aspects with us to get a loan.
| Eligibility criteria | |
|---|---|
| Age requirement | 18-77 years |
| Citizenship | Permanent citizen of the UK |
| Income requirements | Individuals with regular, part-time, and self-employed income may qualify. We also consider pensioners and single mothers. |
| Other requirements | A valid bank account, no recent payment gaps or bankruptcy |
Step 3: Apply for the loan application
After analysing the eligibility criteria, apply for the loan online. No detailed information is needed to get a loan. Instead, just stay with the basics like providing your name, address, email, and contact number while applying. Re-check the details before clicking “APPLY”. It prevents you from facing rejection. Also, provide authentic details that align with actual proofs.
Remember, you can apply for loans without guarantor requirement. Nevertheless, submit the form and wait for the initial approval. We will instantly reply with an initial quote within 90 seconds.
Step 4: Provide documents for the final agreement
You must provide documents like a Personal ID, salary proof (payslip), electoral roll, and address proof to qualify. Update the information on aspects like electoral roll before applying. The income you mention must align with the recent salary proof. If your documents are authentic, you get instant loan approval.
Quickloanspoint is more flexible than traditional lending institutions. Therefore, we are open to provide loans for no job people.
Step 5: Get cash in your account
Once you get the final agreement with loan terms like interest, loan costs and repayments, study carefully. Check whether you can carry payments as per the structure. If not, re-connect with us quickly for the change.
We provide you with the new one at your convenience. Lastly, provide your approval to finalise the loan. You get the cash immediately within 15 minutes in your account. Later, you can make payments according to the repayment term.