On Stride Financial is a reputed direct lender in the UK regulated by Financial Conduct Authority (FCA) that offers various short-term loans to finance unforeseen expenses of all types of borrowers. The lender is in association with Enova International, Inc, a publicly traded company, that has been the part of the lending industry for over 10 years. To date, it has served more than five million customers, a big achievement.
On Stride Financial has been providing loans across the UK since 2014. It is a team of hardworking and innovative professionals that has introduced convenience for borrowers to access funds with simple and straightforward procedure as and when they need. The mission of the lender is to give a helping hand to responsible people to fulfil their credit needs with affordable loan terms.
What appeals to borrowers?
On Stride loans can be on the top of the list of direct lenders whom you may consider for applying for the loan. With simple application procedure and personalised deals, it is much more affordable to apply for short-term loans when an emergency pops up. Here are some more features:
Bespoke loan offers – You can choose the loan amount that best fits your needs and budget.
Same-day funding – As you put in the loan application, it takes hardly 10 minutes to pre approve your profile. The lender works for seven days. You will get funds the same day when you apply.
No guarantor – You do not need to arrange a guarantor even if your credit rating is poor.
No hidden fees – The policy is transparent. You will know the total cost before you sign the agreement.
Customer support – Round the clock customer support service will clear all your doubts.
Online application – The application procedure is simple and hassle free.
How to apply for a loan at On Stride FinancialThe disbursal limit for all types of short-term loans ranges from £150 to £5000 depending on the term and your repayment capacity. The minimum duration for any loan is 6 months that could stretch up to three years. The lender allows you to customise the loan amount and the term that best fit your budget. You just have to follow four steps and you are all done:
- Fill out the loan application
- Choose the amount and repayment term
- Wait until the approval
- Once approved, get funds in your account
Before you apply for the loan, make sure that you meet the eligibility criteria:
- Your age should be at least 18-years-old.
- You should be the resident of the UK.
- You should have a steady source of income.
If you meet the requirement, you are all set to apply for short-term loans. It will not take too long to fill out the form. Make sure that you have your employment information, a recent bank statement, and bank account information at the ready while you are putting in the loan application.
Repayment is also as straightforward as loan application. The lender provides you to choose between two options: debit card payment and auto debit authorization. If you choose the former option, payments will be withdrawn from debit card with no additional cost. If you choose the latter option, payments will be taken off from your bank account directly.
Loan products that On Stride Financial offers
The lender provides following types of short-term loans irrespective of your credit history:
Personal loans: You can use personal loans for different needs such as conked out vehicle, roof repair etc. You can also take out these loans for planned expenses such as debt consolidation, medical bills etc. The most common uses of these loans are debt consolidation, home improvement and unforeseen expenses. These loans allow you to repay the debt in equal monthly instalments that is why they are much more manageable than payday loans.
Loans for bad credit: If your credit score is poor, you are likely to have your application turned down. Since On Stride Financial aims to help as many borrowers as possible, it provides loans for bad credit at competitive interest rates. Any personal loan that you take out when your credit score is poor is known as bad credit loan, but they are not paid in installment. The lender will require you to settle your debt in full on the due date.
No guarantor loans: On Stride Financial understands that arranging a guarantor with a good credit score is difficult especially when you need funds during emergency. Therefore, the lender provides no guarantor loans. These are unsecured instalment loans repaid over an extended period (from six months to three years). These loans can help you build your credit if you pay each instalment on time.
Payday loans: Payday loans do not work as other short-term loans. You can borrow from £50 to £1000. Further, these loans are not repaid in instalments. The lender requires these loans to be paid back in one to three weeks. Unlike instalment loans, these loans cannot help you build your credit.
On Stride Financial acts within the guidelines of FCA and hence there is no risk if you apply here. However, make sure that you do not borrow more than your repayment capacity.