Installment Loans: A tailor-made option
Author: Tristan Todd
Availing a loan for your needs is considered as a viable solution but finding yourself engaged with longer installments can be a heart-break thing. To overcome longer installments, the financial experts have come with installment loans. Under this category, loans are tailor-made as per the choice of borrowers. Depending upon the borrowers need for cash and repaying capability, monthly installments are designed.
The
installment loans are sanctioned on the basis of simple criteria. An individual should be at least 18 years of age with a citizenship of UK. An individual should be employed and possess a regular income of at least 1000 from some reputed firm or organization. Apart from this, it is mandatory to have an active checking account in the bank with at least 3 months back transaction. If a person complies with the above said terms, then he can access the desired amount in a short time period.
The borrowers who are tagged with bad credit score such as CCJs, IVAs, arrears, defaults, bankrupts are also eligible for applying installment loans. The borrowers enjoy same terms and conditions when compared with good credit borrowers. In addition, the borrowers who do not possess any valuable collateral can also opt for this financing option to cater their instant needs. Therefore, it can be said that these loan are availed without any formalities of credit check and collateral placement.
The amount availed by borrowers is based on their employment status i.e. higher the salary higher will be the loan amount and vice-versa. The repayment period is set according to the repaying capability of the borrower. Usually, under this category, repayment tenure varies according to the upcoming salary. The interest rate charged is slightly higher than other regular loans. With proper search and research, borrowers can find-out the best and suitable deal.
Lastly, these loans are especially crafted for individuals who find it difficult to repay a loan in one go. With the help of these loans, the borrowers can have a flexible repayment options according to their need and income slab.
About the Author:
Tristan Todd is author of
bad credit installment loans.If you have any query regarding
no credit check installment loans visit
http://www.installmentloans.org.uk
Bad Credit Cash Loans: Fast Cash Approval Despite Of Being Worse Creditor Online loans instant: instant loans for urgent demands Laptops Loans: Get Attracted With Portability Feature Cash Loans: The Best For Unexpected Emergencies Bad Credit Car Loans: When Car Is Your Need But No Funds In Hands No Debit Card Loans: Cash Without Debit Card No Faxing Installment Loans- Fulfill Your Urgent Requirement Just Now No Faxing Payday Loans-Additional Money without faxing fuss Quick Cash- Do You Need Urgent Cash? Debit card loans: easy loans against your debit card Low Rate Remortgage: Get Cheap Loan And Save Money Home Collection Loans: Shine With The Big Money Help No Fax Payday Loans: 24 Hours Hassle Free Service