Single parent loans are the instant funding options that are designed to help the people who take care of their children independently. Their struggle on financial fronts usually is more than a complete family where a couple has mutual responsibilities. The loans have flexible terms and conditions to ensure easy reach of funds for the people in need. ExtramileFinance offers a vast range of loans irrespective of any other constraint. It means those living on single parent benefits in the UK can borrow money.
At ExtramileFinance, we fulfil varied types of financial needs from the instant one to the long-term.
You can make a choice and can borrow smoothly while qualifying on the basic parameters of affordability. It is essential to mention here that all the options are available on instant approval decision. Fund disbursement happens on time but after scrutiny of current repaying capacity.
Short-term borrowing is suitable for instant needs. Mainly, the applicants living on loans for single mothers in the UK apply to us for this loan. From personal expenses to medical bills, these loans have no purpose constraint and reach your account quickly.
Medium-term loans are also in demand due to their balanced nature in tenure and loan amount. Sometimes people do not need a small amount and also a very big fund. In that case, medium-term loans help fulfil the needs with a suitable amount of money to handle the relatable expenses.
As you can easily understand, long term loans offer financial security for an extended duration. As this is a long-term borrowing option, we need collateral equivalent to 80% value of the funds borrowed. To offer the best rates and repayment plans to you, we need to apply the terms and conditions.
According to the needs and financial circumstances, the types of single parent loans help solve your multiple issues. To provide timely help for single mothers in the UK, we have categorized the loans.
Unemployment is, of course, a sudden shock to your personal finances, and it can ruin your mental and financial stability. Before any such thing happens, why not treat your situation with a suitable solution. Having emergency cash for unemployed single mothers here will save you from the money mess.
The good thing is that these are also available for the parents who are still pursuing their education. The affordable financial help for single parents in full time education can be helpful. Invite normalcy in life and keep repaying the loans conveniently
Of course, a poor credit situation is a stress condition and creates multiple issues in personal finances. But fortunately, direct lending provides relatable solutions to single parents. The bad credit loans for single parents offer relief during difficult times and provide money on easy terms and conditions.
If you are good on these points, you can easily qualify to get single parent crisis loan. Repay the loan on time later and you can improve your credit score too.
More to less, the criterion is the same as other loans, but yes few new points add considering the financial and personal conditions of the applicants. But the conditions are easy to qualify.
The application process is simple and takes only a few minutes. Also, you can apply through mobile, laptop, desktop. Our application process is friendly to all devices. The approval rate is 99%, most of the applicants can expect approval.
ExtramileFinance is certain in its aim which is programmed to serve the borrowers and help them achieve financial well-being. We are available 24x7, 365 days including festive and national holidays. Connect with us as we are ready to help you day and night.
We are always ready to help single parents with following facilities:-
A single mom can get a loan through her satisfactory repaying capacity because a stable income has no gender bias. Anyone with a regular income can borrow money.
The amount depends on the type of benefit you are applying for, but yes, Pound 1000 to Pound 15 or 20,000 can be offered. But individual circumstances are always necessary.
Yes, single parents can undoubtedly apply for payday loans because these loans are offered based on payday. Just show the salary slip and borrow money without any stress.
Yes, despite unemployment, you can apply for a private lender for loans. But your current income status should be good, and you should be able to pay instalments.
Yes, the provisions depend on the rules of affordability. These are -