Life can’t always be accounted for, occasionally costs will spring up that traditional or payday loans just can’t cover. This is where a flexible loan sourced by the Payday Loan Ranger can help bridge the gap.
What are Flexible Loans?
A flexible loan, is a short term financial commitment. Typically, the amounts borrowed are higher than the average payday loan as the length that it’s borrowed is generally longer. That said, you can still repay your loan early in a lot of cases and save on interest!
Unlike a payday loan, a flexible loan can be extended beyond a single month from the borrow date to the repayment date. This eases the repayments pressure as it should be affordable. Generally, depending on the exact lender, a flexible loan is repaid in monthly intervals depending on the length of the agreement. As these loans are often for higher amounts than payday loans, this helps to spread the repayments out and make them more manageable.
Providing Short Term Financial Aid to Get You Out of a Pinch!
From urgent car repairs, to an unexpected boiler break, a flexible loan can be used for a number of things when you need it the most. Flexible loans are generally designed as a short term financial aid, though they are still longer term than most Payday Loans and so can help cover more of life’s unexpected expenses. Short term flexible loans are an effective way of covering unexpected costs or bills and then repaying that cost at a comfortable and affordable rate.
Get the Best Deal on a Flexible Loan!
Here at Payday Loan Ranger, we specialise in finding you the very best flexible loan. We work with a wide range of lenders in order to offer you the greatest prices and most ideal terms for you. Once you’ve specified how much you wish to borrow and over how long, we scan our database of lenders to find the best deal for you and your circumstances. We have an ever growing list of lenders that we work very closely with in order to deliver the best flexible loan rates for our clients.
Flexible Loans from Approved Responsible Lenders
Generally speaking, flexible loans are intended for short term use, and not designed as a means of long term financial aid. This means that it should be down to the lender to assess on a case by case basis, the affordability of the repayments for each customer. They shouldn’t be lending to people that can’t afford the repayments. All too often though, people are approved for loans with extortionate interest rates and the applicant struggles to make the repayments.
As a professional, and ethical flexible loan broker, we ensure to adhere to strict criteria when it comes to finding a loan for our clients. All of the lenders we work with employ a responsible lending policy, which basically ensures that if you can’t afford the repayments, you won’t get accepted for the finance. In order for us to broker a loan application to a lender, the lender must have first met our strict criteria regarding responsible lending.
At Payday Loan Ranger, we care about the customer. We want to ensure you don’t apply for a loan without being 100% certain you’re able to make the repayments. The approved lenders we work with have all been screened for their responsible lending policies. This is in order to ensure our customers always get the very best service when searching for a flexible loan.