Getting a loan in a no or low-income scenario is troublesome. You won’t find much support to help yourself with. A low income can trigger other issues too. Again, to tackle these issues, you might need a loan for a low salary.
However, you might need a loan irrespective of what you earn and the credit score and report you are carrying presently. These situations call for emergency money. You need cash fast to deal with a problem or to solve it effectively. You need an emergency loan.
We can tell you more about this. You are reading the right post. We are a private money lender in Ireland. Our job is to help you out with the loan product you will require in emergencies or urgent funding. Stick with us because we will tell you how to take out the loan and which product might suit your needs the best.
Find Yourself a Private Lender
As we mentioned, we are a private lender. Now that you have, you do not have to assume that anymore. However, we do have reasons for you to select a professional institution like ours. We want to suggest you a few observations about it:
- Private lenders or direct lenders are money lending institutions that fully focus on designing and developing loan products.
- Unlike other financial institutions, private lending is completely centred on lending services only.
- Because of this reason, a borrower may get a loan for each of the variety of financial needs.
- Direct lending is mainly an online lending platform. Hence, it qualifies as an emergency loan provider when you want fast disbursal of cash.
- We also have alternative loan offers to help you get the money in cash.
- Mostly, a service of this kind is the most transparent service you will get in the field of lending money. Direct lenders are not going to charge you extra fees or hidden charges.
- We do not also work with brokers. Hence, you can communicate with us directly about the loan option.
That being said, we would say that direct lending practices are ideal for borrowers because of their versatility. We will learn your needs and then get a loan fit for managing them. You can trust us in this process.
Arrange Your Income Details
Let us tell you how a direct lender loan works. You present your income details to the lender. This helps us calculate your debt-to-income ratio. We check if you can take out the loan using your income and then repay it at the right time. With that, we say ‘yes’ to the loan and give you the approval.
Please note that your earnings can get the loan approved individually. You do not have to worry about other financial details such as credit score (more on this later). We will not require a co-signer to lend you money as well.
Find out How Much You Can Borrow
Although we will analyse this factor by ourselves, we ask our borrowers to find out the loan affordability for them by themselves. You can find out the loan repayment packages on our site. Use a loan calculator to insert the details and find out how much we would like you to pay per instalment. If we offer you more than one repayment package for a loan, you can surely find out the most affordable one in them by employing a loan calculator. As lenders, we will advise you to take out a loan that you can manage using your income.
Share Your Credit Score
Your finance details, such as your banking statements, will come into use for sending you the money. Nonetheless, your credit score is equally important. Although it is not going to influence your borrowing, you must share your credit score with your lender. It is a formal process you cannot skip. As mentioned just now, the credit score is not going to stop your loan because you are taking it out using your income details.
We take a look at your credit score only to find out which loan product can aid you the best. It makes us understand your financial conditions and calculate your debt-to-income ratio.
Think of Special Loan Products for Emergencies
We always ask our borrowers to go through the loan products we offer them. In emergencies, a loan that suits your needs the best is the solution you are looking for. In this regard, you can take out doorstep loans. They are also known as door-to-door loans and are similar to provident loans. You can take them out not only in hard cash but also without a bank account. It, thus, becomes the perfect loan for the student, the young professional, almost any borrower and the borrower in an emergency because of its hassle-free nature.
A doorstep loan might need you to apply online. However, you do not need to worry about receiving the money in that way. We have made the application process limited and simple. In this way, you might draw money quickly for an emergency. Once your application is approved, our repetitive will reach your doorstep to offer you the money in cash.
Make sure you have checked the loan affordability before applying. Share all your correct income details. If needed, they do go through the other loans we offer. You can surely find a suitable loan option.
We are constantly here to have a conversation with you. If you feel you require some assistance from us over a phone call or message, then we are open 24×7. Let us know your queries, and we will answer you as shortly as potential.