Have you been good with your credit record? Or is there a struggle going on with poor credit scores? At Liteloans4u, we know that life throws challenges with financial ups and downs. Sometimes, you face one-time expenses, which should be fixed instantly.
It is why we have been the best place to apply for a personal loan. Time is to kick-start your loan application with fully-prepared regarding to amount, term and credit report. Once we receive your application, one of our loan representatives will assist you soon to allow fast approval on your personal loan.
Our smooth online process and flexible policies have ensured equal opportunities for those with bad credit histories. Therefore, irrespective of your financial situation, go with bad credit personal loans now.
A personal loan is a widely used funding option where the applicant borrows a particular amount that has to be repaid in a fixed duration. Several lending platforms are there where you can apply for personal loans like banks or credit unions. Still, the best place to get a personal loan is online lenders.
Loan amount, duration and interest rates are based on individual circumstances and the lender’s norms. Repaying a personal loan is quite different from a credit card. Here, the loan is repaid over a set term through fixed monthly instalments till the duration ends.
Similarly, auto loans can only be used for buying a car, and mortgages can only be used for purchasing a home. On the other hand, personal loans can be used for different purposes. These may include:
Everyone wants the lowest interest rate on a personal loan, but not everyone gets the same. Still, you can get a low APR if you have prepared well. How to do that? Here are the suggestions:
Credit Scores
Your credit score and history are vital factors that a loan provider examines to know your repayment ability. Credit scores in Ireland range from 300 to 850, categorised into excellent, good, fair, bad and very bad. However, scores are determined by factors like current debts and duration of credit history.
Maximum lenders want to fund those with good credit ratings with minimum qualifying criteria. A few lenders accept the loan applications of those with poor credit histories. Liteloans4u is indeed one of them.
Our specialised deals bring us among the best personal loan lenders for bad credit in Ireland. Go for these loans to manage your financial situation and improve your credit scores through our flexible repayments.
Debt-to-Income Ratio
Most lending firms prefer to examine DTI (Debt-to-Income Ratio) to know the repayment ability of the aspirants and how they make loan repayments in the future.
Primarily, they prefer less than 34% DTI. If you have the same, your loan application will be approved straightway. We can approve your personal loan even if you have a DTI of 50%.
Monthly Income
Most of the lending firms prefer those individuals who earn full-time. These people assure them of guaranteed loan repayments. In contrast, opportunities are less for those who are unemployed.
However, we are standing firmly for these people, too. For instance, we are determined to offer the cheapest loan for the unemployed.
Loan comparison
Comparing the loan should be a vital part of your preparation. Compare personal loan rates of different lenders to get the best of them. As a responsible private lender in Ireland, we can assure you of the most affordable rates, manageable from your monthly income.
Once you prepare for these aspects, you can start your application for personal loans.
You can get the best personal loan in your favour. Still, it involves pros and cons, which you cannot ignore. Our loan experts have suggested a few of them:
Advantages
Disadvantages
At Liteloans4u, you can choose different types of personal loans for any purpose. However, their features, rates, terms and amounts will differ.
We offer both secured and unsecured personal loans through a simple online format. You have to put an asset and secure the loan for secured loans. You will get personal loans with longer repayment terms.
In unsecured loans, no collateral is needed, and you will get loans up to 15000 Euro financial emergencies.
We offer car loans as one of our products as, personal financing. You can get these loans to buy a brand-new or well-maintained used car. You can apply for these loans to do the necessary car repairs.
We charge nominal rates on car loans, making it easier for you to repay from your monthly income.
Whether there is a small or a larger debt, it will disturb the entire balance of your personal finances. You have to find a solution for it, and you should apply for a debt consolidation loan.
These are unsecured loans and available at reasonable rates. You can use the loan straightaway to clear any pending dues.
There is no doubt that personal loans are among the most sought-after financing solutions. The ideal thing is that you can borrow money with a fixed repayment plan. Therefore, you can better manage the loan instalments from your monthly income.
Below are the features that bring us among the best personal loan lenders in Ireland:
