A private loan money lender provides different kinds of loans to individuals or companies. These are non-traditional lenders, preferred for online loan offers and involvement in most nominal obligations.
Financial uncertainty in the economic scenario is quite visible in the UK. Mainstream lenders like banks must pursue exacting lending norms, forcing them to increase their requirements. In such a scenario, alternative funding options like private cash lenders are perfect.
The rise of direct private lending has not diminished the importance of traditional lending. It still exists, but sometimes individuals find their loan terms quite stringent. Therefore, they look for alternatives where private lenders like LoansEvents come into the limelight.
As a responsible private loan provider, we vouch for a viable and safe lending hub where transparency meets with affordable borrowing.
We are ready with our best lending support, as we have replaced traditional lenders’ policy of ‘one box fits everyone’ with ‘everything for everyone’. We can set our loan requirements but give you the same while selecting your loan deal.
Apply now for our private money loans to fulfil your personal or commercial endeavours.
When both traditional and private loan lenders in the UK have their significance, it becomes apparent to mark their differences. However, the difference is not about the supremacy. You should see private lenders as alternatives to mainstream lending.
Spot the difference between two modes of money lending in the UK:-
| Criteria | Private Cash Lenders | Traditional Money Lenders |
|---|---|---|
| Eligibility Criteria | These loan providers set their qualifying requirements, making them accessible to everyone. | They are regulatory entities and, therefore, more prone towards strict criteria. |
| Loan Options | These lenders bring flexibility in their loan options, which match everyone’s personal or commercial needs. | They offer specific funding options and are prearranged for a particular class of borrowers. |
| Loan Conditions | There will be flexible lending terms based on individual circumstances. | Often, loan terms and conditions are fixed and applied to everyone. |
| Repayment Terms | You will get various loan repayment terms from 3 months to 60 months. | The repayment loan term largely depends upon the type of loan. |
You will get more flexibility whether you opt for a private loan company or approach private individuals who offer loan money in the UK. You will also avail plenty of benefits that include:-
Obtaining a loan from private money lenders is extremely helpful primarily because of their diversity of loan options. A normal person's financial problems would differ from those of a businessperson. The best thing is that you get the solutions for every situation by approaching the direct lenders.
Here are a few examples of the most preferred loans from private money lenders in the UK:-
Would you like to have a start-up or want to fund the existing one? If yes, you can apply for a business loan from a money lender, available at affordable interest rates.
Fund your holidays or education with unsecured personal loans. No more burden of putting an asset and days for the loan approval. Enjoy flexible repayment terms, too.
Never mind if you have lost your full-time employment. Use your part-time income to prove your affordability and get approval on loans for the unemployed.
Are you purchasing a property but facing a funding gap? There is nothing to worry about, as filling that gap is possible with our easy-to-manage bridging loans.
With us, you have a trusted and reliable lending partner in the UK private lender market. What is the primary reason behind this? It is nothing but our acceptance of your poor credit history. Yes, we do not mind if you have lost the grip on your credit score and find it into bad credit.
Our focus remains on your recent financial performance. This means that we do not relate our loans to what you have done in the past. We offer cash loans for bad credit online with minimum documentation. Indeed, the interest rates will be higher, but with affordable loans, you get the maximum chance of loan approval.
These loans at LoansEvents come with salient features, such as:-
No Guarantor: You will not find disturbance from any third party as the loan remains between you and us. You can get cash loans with no guarantor or broker, but you will only be offered an affordable amount.
No Credit Check: We responsibly provide cash loans with no credit check. If you have been good at handling payments recently and the no-due date is against your name, we may treat your loan application with a soft or no-credit assessment.
CCJ is accepted: Unlike traditional lenders, private cash lenders like us are open to accepting loan applications even if the applicant faces County Court Judgement (CCJ). We have prepared a dedicated loan offer for you, such as CCJ loans.
Your search for a reliable private cash lender in the UK will end here. Forget all worries and start applying now.
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