Those who are familiar with unsecured short term loans and payday loans often use aggregators or online brokers to find relevant quotes. It is just easier and simpler to use a facilitator that can get several quotes from lenders around the country than individually applying for a loan on each of their websites. Those who have applied for loans on sites like Flex Repay UK are often asked for the loan amount and contact details. Some facilitators ask for a preferred term if it is an installment loan. Flex Repay UK asks for much more information than this. There is a good reason for that.
Flex Repay UK is not just an online aggregator. Its service is comprehensive. It connects borrowers to relevant lenders. It does not just scatter the lead in the market and get random lenders to provide generic quotes to borrowers. The comprehensive application enables Flex Repay UK to properly route the borrower to the lender that is the most appropriate option. Of course many such lenders are relevant and hence a borrower does get several quotes. However, these quotes are specific and not generic. There is a far greater chance of a borrower getting the exact loan with favourable terms through Flex Repay UK than using any other online aggregator, facilitator or broker.
One of the important things to note is that every lender will want to know more about a borrower. The more information a lender has, easier it is for them to present suitable terms. If a lender knows little or nothing about the specific purpose of the loan, the income and liability of a borrower, hence the financial capacity to repay and other such relevant information, then the terms will be stacked strongly against the interest of the borrower. Lenders have to ascertain the risks they are exposed to with each and every loan. This is largely influenced by the profile of the borrower. Just as banks find out everything about each applicant, private lenders too need sufficient information.
There are lenders that offer loans after getting very little information from the borrower but the rates of interest are very high, there are steep processing charges and the terms are almost always in favour of the lending firm. If you want the best terms and also the required loan amount with moderate interest, then the comprehensive application at Flex Repay UK is your best bet.