Designed around your circumstances
Instant approval decision
No guarantor required to access funds
Different repayment options
Tailored risk-based pricing
Single parent loans in the UK fulfil the purpose of filling temporary financial gaps for planned and unplanned expenses. Whether it is for your child’s education or a medical emergency, these loans act as a practical solution.
Online lending procedures make borrowing easier. You can apply during your daily commute or even while reading bedtime stories for your little human. Submit the documents digitally from your mobile or laptop and get an instant decision.
Extramilefinance offers loans for single parents with a penalty-free early repayment option. Approval is subject to affordability assessment. We accept all income types as long as your earnings are regular and stable.
What are you waiting for? It is time to check your eligibility and get a free loan quote.
Single parent loans are short-term borrowing solutions offered to the fund seekers irrespective of parental status. These are designed for temporary as well as urgent expenses. This is why no guarantor or collateral is required.
Applicants can apply with any credit score status, including a bad credit score. No constraints on employment status apply. Employed, self-employed, and freelancers can avail funds as per creditworthiness.
The loans for single mums and dads are based on their current financial status. Therefore, show stable finances and apply with improved confidence.
These loans have simple eligibility conditions. Some of the most common requirements are:
There is no guarantee of loan approval even if you fulfil these qualifying prerequisites. It largely depends on individual circumstances and the lender’s criteria.
Loans for single mothers and fathers can be used for multiple purposes. But some are common among most of the borrowers.
Most of the time, we do not ask for your loan purpose. Sometimes, we may request to provide more suitable and affordable loan offer matching your circumstances.
You can borrow funds using any of the loan options below. However, whatever the option you choose, you need to decide the loan amount and term according to your current needs and capacity to repay.
Borrow funds without any guarantor for personal purposes. No dependence on a second person.
Get a loan and repay in 12 equal monthly instalments. A short-term solution for long-term relief.
Single parent loans for bad credit in the UK, based on your recent payment record in the past few months.
Borrow despite having no regular job, but any other regular source of income is required.
Get funds without pledging an asset as collateral. Convenient borrowing without the risk of losing an asset.
Get a loan and repay in affordable monthly instalments. Tenure available from a few months to years.
Your application assessment includes scrutiny of the following financial factors. Qualifying on them can help you get emergency loans for single mothers with personalised deals.
Well, technically, a loan application process always includes a hard credit check. A detailed check is required for affordability assessment. However, a soft check also has its significance, which you can learn through the comparison.
| Feature | Soft Credit Check | Hard Credit Check |
|---|---|---|
| Purpose | Indicates creditworthiness as per credit profile | Used to give the final loan approval decision |
| Effect on credit report | No effect or mark on financial records | Affects credit report for a temporary period of time |
| When is it required? | During eligibility check or to get a loan quote. | Only at the time of the official loan application procedure. |
| Approval guarantee | No guarantee of approval | No approval is guaranteed |
Yes, you can get a bad credit loan for single parents. As a low credit score denotes a risky credit profile, the financing option comes with a higher rate of interest. It means your monthly instalments can be large.
With tailored deals, it is possible to find affordable repayment plans. The best way to bargain for a lower rate is to maintain a clean payment record. The past few months of payment records for debts and bills come under scrutiny.
Precautions to follow when you apply with a low credit score
Yes, you can, as loan approval is subject to affordability, and that needs any form of regular income. Even if it is from benefits, it can be considered. Borrowing solution accepts multiple types of benefits.
From loans on child benefit to loans for Universal Credit, Unemployment Benefits, Personal Independence Payments or disability benefits, several options are available.
Other types can be included. You should always apply with all your take-home pay information. As long as your household income is sufficient and your debt is low, any type of income is acceptable.
Accepting benefit payments may not be a common scenario in mainstream lending. But direct lending does a detailed check that focuses on current income status. Therefore, getting loans for single mums on Universal Credit or any benefit type is not impossible anymore.
Follow the practical ways below, and you can boost your approval chances. The suggestions help you qualify for all lending solutions, from doorstep loans to emergency text loans.
You can always make your choice but choose us for the following reasons.
As a single parent, you are responsible, resilient and hardworking. Dependence on others for help is not your natural choice. So, take charge with small personal loans. Let this borrowing solution support you with a timely loan.
Whether for monthly bills or an unexpected cost, if you need funds, take a look at the borrowing options and get a free loan quote.
Yes, of course, you can, as that does not prevent you from borrowing funds. However, it does affect your affordability. Financial commitments you had when you were married are subject to a detailed check.
No, your parental status has nothing to do with the interest rate. It is your repayment ability that determines the cost of borrowing. Financial stability is the primary factor in getting a lower interest rate.
Yes, it is possible, but if you have returned recently, it may be difficult to get approval. For an affordability assessment, you need an earnings record of at least 6 months. It is equally applicable to financial help loans for single mothers and fathers.
Yes, it will, as there will be a considerable change in your income. However, that does not affect your right to borrow. In fact, lending solutions are available with loans that accept child tax credits. Hence, having a regular job, even if it is part-time, is an acceptable income type.
Yes, it is possible to apply and even avail funds. As repayment ability is always the focus of the loan process, taking a leave does not affect your right to borrow. Show that you are earning regularly and have had stable employment for the last six months. These two are strong factors for getting approval.