No credit check loans are outstanding. Mainly when you look for a loan option with minor hassles and almost zero formalities, you can aim for a no credit check loan.
A bad credit score or a very poor credit score can indeed make borrowers face some stress in borrowing. Frankly speaking, not all lenders will approve a loan just because you have a poor credit rating.
And that’s painful. We get it.
However, you can still get a loan. A formal no credit check loan is the process to help you in this regard. However, for a newcomer in the lending world, a no credit check loan can set aside all lengthy borrowing requirements and offer you the loan fast.
What Is the Definition of a No Credit Check Loan?
The definition of this loan reflects the obvious property as soon as you read or hear its name. A no creditcheck loanis simply a personal loan with no attention paid to the credit check process. Hence, it becomes a good option for people suffering a poor credit.
Just like a personal unsecured loan, a no credit check loan does not involve collateral. You don’t even need a guarantor or a co-signer for this loan.
But doesn’t it sound a little magical to get loans in Ireland with no credit check with all these facilities?
Well, we can tell you the reason for that.
A no credit check loan is offered to the borrower as per his or her financial status or income statement. If the lender finds out you can pay off a no credit check loan using your salary and nothing else, then you don’t even need that credit check option. If your income can comfortably pay off the instalment amounts of the loan, you can forget the need for a credit check.
Who Is It For?
It all depends on your needs to answer that question. But a no credit check loan can come in good use for pretty much everyone.
It is a short-term loan in most cases, so borrowers also need to consider it before taking it out.
However, we direct lenders always try to make it flexible. And that means once when you apply with a direct lender, you will get facilities with a no credit check loan, which you may otherwise not get approved.
With that being said, we have put together a short list of the people who can go for a no credit check loan:
- Someone who is not a credit card holder
- Someone who has a fair or a good credit score
- Unemployed people
- Single women
- Just married couples
- Business owners
- Retired Persons
- People with bad or very bad credit
- People with no formal bank account (such as students)
Now that we know who can take it out (nearly everyone with immediate financial needs), we can look at some of the types of no credit check loans.
Types of No Credit Check Loans You Should Know
Please keep in mind that these loans have a definitive quality. But if you want the terms to be more flexible, feel free to contact us.
- Quick Loans
As its name suggests, a quick loan is made to offer you quick assistance. The loan is definitely a short-term loan, and it comes in easy repayment modes. By removing the hard credit check part, we have made it easily accessible.
You can borrow up to €10000. Added to that, you may get relaxed interest rates. In most cases, quick loans are advertised to have high-interest rates that a borrower may not be able to manage easily. But we make this problem a solution with our multiple interest rates and repayment packages. You can choose what you like.
- Bad Credit Loans
Essentially, bad credit loans in Ireland are no credit check loans if you think a little strategically. Most bad credit loans are offered with a soft credit check. This means the lender will review your credit score and credit report to find out your financial behavior and if you can pay off the instalments.
We do offer bad credit loans in a variety too. Whether or not you need a no guarantor loan or an unemployed loan with bad credit, we can have your back.
- Doorstep Loans
The advantage of a doorstep loan is that you can get it quickly. Plus, direct lenders may offer you this loan even if you don’t have formal documents like a bank account. In this regard, a doorstep loan gets very attractive for students or anyone who does not yet have a formal bank statement.
It is also a good option for those people who have problems reaching their bank or transferring digitally disbursed money to hard cash.
You just need to apply for the loan using the simple, paperless application form on our website and share your income details. Next, you will know that we will approve you within a few minutes, and our representative will head for your home to transfer the money in cash.
- Unemployed Loans
Indeed, a no credit check loan will save time when you are unemployed and need quick money. An unemployed loan is given to those individuals suffering from money problems temporarily. We can offer you this loan with zero credit checks and zero income also.
To make this deal even more comfortable, we have decided to offer the unemployed borrower multiple repayment packages (sometimes more than traditional options).
- Personal Loans
Getting a personal loan is easy these days. However, such unsecured loans in Ireland with no credit check are something that makes borrowers a little more relaxed.
The good news is that you will easily find such loans from us.
We offer credible personal loans with no collateral needs in a no credit check policy.
As mentioned earlier, a no credit check loan can come in great use if you have learnt about it.
You know a little about it now. It is time to start the borrowing process. Visit our paperless application form for that.
Hudson is a graduate of banking and finance and works as a financial consultant at MyLoansBoat. He has a professional qualification to counsel people about money management. At MyLoansBoat, his key duties include shortlisting applications of borrowers and counseling them about credit score improvement, building an emergency cushion, retirement funds, and getting rid of debt. He is an ardent reader of finance books and uses the gained knowledge to help people with their finances. He also writes for the company’s blog on various topics like budgeting, investing, saving, debt management, joint finances, and the like. His aim is to dedicate his life to helping people have a debt-free life.