No credit check loans do not exist, so if you have been searching online for no credit check loans due to concerns with your credit rating, you’ll be out of luck, but that’s a good thing because if you find one, they won’t be regulated and you won’t be covered if anything goes wrong.

At LoanPig, we provide loans that provide short term borrowing, even if you have poor credit. Whilst it may seem your only option, to find no credit check loan lenders due to being declined recently, that’s where LoanPig are different. Rather than focus on your credit score, we consider your finances as a whole and your current affordability, so even if you have bad credit, you can still apply and get an approved decision.

Just choose how much and how long you want your loan to be and click apply now. Our online application is quick to complete, and we’ll provide you with a decision (following a review of your credit file & affordability checks). The best thing is, as we are a direct lender and broker, if we can’t approve your application ourselves, we’ll show you other lenders who can, providing you with more options.


Are Short Term Loans Available to Everyone?

At LoanPig, we are aware not everyone has a perfect credit score, that’s why we work differently to many lenders and brokers and consider applications no matter your financial history. Whilst we cannot guarantee the application will be successful for a short term loan, we will take the time to assess your affordability even if you have had financial difficulties in the past. Where some lenders will decline applications before this stage simply because of a low credit score, we will run a credit check and continue assessing your application no matter your financial history.


Eligibility for a Payday Loan


To start your application at LoanPig, you will need to meet our eligibility criteria first. You will need to:

– be a current UK resident

 – be at least 18-years-old

– have an active bank account and valid debit card

– either be in permanent employment or receiving some form of disability/living allowance or a pension


Our payday loans are simple to apply for if you meet the above. After choosing the amount you want to borrow and how long for, you can fill in our application form with a few personal details and information about your finances. Here you will be able to show us your current affordability which is important if you have poor credit.

You’ll need to demonstrate you can afford the loan amount and terms you choose as we can only approve an application if we can determine this, and that further borrowing will no cause further financial difficulty. The credit and affordability checks performed are part of the lending approval process so that we or one of our panel of lenders can see a full picture of your finances. If we can’t approve the loan, we’ll show you other lenders who can so that you can review their terms and continue your application with them online.


Use Trustworthy Lenders Instead


One of the bigger concerns if you are looking for loans online is that you may find lenders who are not trustworthy. It could be that rather than running a credit check, they will charge you a fee or offer terms that are more expensive to pay back. You should only use payday loan lenders who work to the guidelines set out by the Financial Conduct Authority (FCA) who are the industry regulator. At LoanPig, we are FCA authorised brokers and direct lenders, registration number 736632, and each of the lenders we can connect you with are all FCA approved. This provides our applicants with peace of mind that they will be treated fairly and that their data will be kept secure. As responsible lenders we:

– charge a maximum interest of 0.8% per day

– can only charge a one-time late penalty fee of £15

– ensure that customers will never pay more than double the amount they borrowed

Whilst a no credit check loan may seem like a suitable option, it’s best to choose trusted lenders who provide transparency with each step of the way.


How Much Would You Like?

Representative example: Borrow £300 over 3 months @ 292% pa (fixed) Total repayment: £457.95 in 3 monthly payments of £152.65. Representative 1261% APR.


No Credit Check Loans FAQs


Can I Trust No Credit Check Loan Lenders?

The answer is no, when looking for any type of loan online, you should always look for lenders who are FCA approved. This will indicate the lender is trustworthy and follows responsible lending guidelines to treat you as a customer fairly. All trusted lenders are required to perform a credit check as part of the lending approval process, so if you find no credit check loan lenders, it’s unlikely that they are authorised by the FCA. The best way to check is to search the FCA Register where you will find the name and registration number if authorised, with LoanPig having registration number 736632.


I Need a Loan but have Poor Credit, Can LoanPig Still Help?

Yes, we have no minimum requirement for your credit score, so you can apply in confidence that we’ll assess your application fairly, even with a low credit rating. We will assess your ability to afford the loan amount and terms you choose, with a credit check being part of the process. If your credit rating is low, there is still the possibility we or one of our lending partners can help you. Rather than spend more time searching for a non-existent no credit check loan, choose LoanPig.


How Do Repayments Work with your Loans?

Once approved and your digital paperwork signed, we’ll set up a Continuous Payment Authority (CPA) to take repayments. This means you won’t need to do anything apart from ensuring enough credit is in your bank account before the repayment due date. The repayment schedule will be set out in your credit agreement. Once the loan has been paid off in full, the CPA will stop automatically. Most of the lenders we can connect you with also use CPAs for repayment of the loan amount, but please check the credit agreement carefully to ensure this is accurate.