Young people have many plans for future and money is the key tool to fulfil them. Loans are available nowadays for people of every age. Loans for young people are designed to serve the financial requirements of the youthful people with countless desires. From their personal care expenses to their new business ideas, funds are easily attainable through the loans. The best part is, no obligation and no guarantor, feature makes the application process smoother. Also, there is no need to make parents sign the loan agreement. Are you among the young fund seekers?
EasyCheapLoans can help with affordable loan offers on a lower rate of interest. The repayments are always small, and the tenure part is also flexible. To be precise, we offer customised loans for young people at a lower total cost.
You can borrow for any-to-many purposes –
Get a bit more familiar with finance option for young people. You can set your priorities according to the actual nature of the loans through beneficiaries and features.
Features of loans for young people
Borrowers minimum 17 years old can apply
Applicants with bad credit situation can borrow
Instant approval decision with every deal
Timely fund disbursement on repaying capacity
If you talk about beneficiaries, we have no issues with the employment status if the fund applicant has an authentic source of income to prove repaying capacity. The features are as versatile as the youthful borrowers. On the point of minimum age, we are different from the other choices on loans for 18-year-olds with no credit history or guarantor and offer funds to those below 18. A 17-year-old can also get money through us.
We keep adding new qualities in our loan product to keep them parallel to the demand of the current financial market. In the recent corona pandemic, the offered deals are 1.5% lower rate than the other options available in the market. All our deals on the loans for 17-year-olds in the UK, aim to cover a wider area of beneficiaries. The intention is to deliver funds to more and more people.
Financial equality is a right that should be practiced by everyone irrespective of credit score status. To admire the futuristic and progressive efforts of the young people, we offer funds through first time loans with no credit history and bad credit loans for young people. If the purpose is constructive and repaying capability is satisfactory, fund approval is possible. Here are the terms and conditions you need to fulfil with a bit difference, according to the credit score status. You can easily arrange all the asked things because the lending policies are simple and predictable. Our lending policy is not conservative on the part of age due to credit score issues. We never say that we offer loans for under 21-year-olds only or to only those under 22 or something like that. New aged finance industry gives you the right to borrow irrespective of the financial past.
|TERMS AND CONDITIONS FOR PEOPLE WITH NO CREDIT HISTORY||TERMS AND CONDITIONS FOR PEOPLE WITH BAD CREDIT HISTORY|
|Income proof through any authentic source||Credit check but with soft search|
|Income-outgoing ratio (monthly expenses) minimum 60:40||Improved recent financial behaviour|
|No multiple search footprints of various applications||Income stability proof with necessary financial details|
We have an experience that due to ignorance of the financial market and products, the young loan applicants make mistakes while applying. These mistakes make them prone to rejection and unnecessarily either delay the borrowing process or snatch the borrowing chance. If you want to get the money right away, you should read about them and make sure that nothing is wrong at least on your part.
If you avoid the above mistakes and apply with a strong repaying capacity, attainment of funds can be easy and convenient. Every financial product has some rules, and the flaws mentioned above make you act against the nature of the loans for young people. Stay cautious and you can get a ‘Yes’ soon.
We want the existing as well as prospective customers to know us well. For that, here is the display of some of our prime qualities. Everything we have is for your financial well-being and ease.
We believe that no one should be devoid of financial assistance. Through a rational approach, we try to extend our financial services to more and more people in the shortest possible time. We aim to help the young people flourish in life, and for that whenever they need financial assistance, we are there 24×7, 365 days.