Hassle free way for urgent money needs

16 November 2012

Your monthly income can hardly cover your over all expenses and at times it happens that you are in an urgent need of cash support. These urgencies can be your urgent medical bills, household bills, car repair expenses and other personal expenditures. These unavoidable expenditures can be soughed out with the help of hassle free unsecured loans. These loans are absolutely collateral free and are easily available in loan market. A person with a steady flow of income and strong repayment ability can avail the benefits of this loan. These loans can bring back the financial stability of your life.

In case of unsecured loans, a person doesn't needs to pledge any collateral as a security against the lender's money. It makes the borrower more relaxed and stress free as his valuable asset will always remain with him. These are short-term loans and given by the lenders purely on the basis of repayment capability of a borrower. The amount given under these loans is from £1000 to £25000. Repayment periods are also quite flexible and are up to 10 years. Interest rates are always kept higher by the lenders as there is no collateral involved and their money is on stake.

A borrower can use this money for several purposes like debt consolidation, school fee of children and home improvement etc. A borrower with bad credit score always get the benefits of timely repayments as it brings his credit ratings up and he can attain a good reputation amongst the lenders. Though, borrowers with good credit ratings always get an additional advantage as they are more reliable for the lenders.

There are a fixed eligibility conditions to get approved for this loan, according to which a person should be above the age of 18 years, he should have a permanent source of employment, he should have a decent monthly income, he should be having an active bank account and he should be a resident of UK. If a person is able to match all these qualifying measures, then he can easily get approved for the loan. A borrower can spend this money the way he wants as this loan can be used multi purposely.

To apply for unsecured loans, a borrower just needs to fill a simple online application form with a few details like contact information, bank account details, loan repayment duration etc. Once the borrower submits the form to the lender, his loan application gets processed in the very next moment. The loan amount is directly gets transferred to the borrower’s bank account. The whole loan process is hassle free because of online application procedure as the borrower doesn't need to waste his time in visiting any financial institution.

Summary:-

Unsecured loans are short-term hassle free loans. No collateral is required in these loans. A person with steady flow of income can avail its benefits. These loans are helpful in adverse financial situations.


Representative APR Example:
You Borrow 900 You Pay 1116 Representative APR 1223.6% (Variable)

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk