subject: Installment Loans, Small And Short In Nature Avail Online [print this page] It may sound unbelievable for some people that for availing a loan, you do not need to gather various credentials like credit history, collateral evaluation papers or other things. Well, that has been made true with installment loans. These loans are provided by the lenders without checking credit history or collateral placement. This option is opted only for meeting unplanned financial issues that have come up without any notification.
Installment loans are small and short in nature. The amount and repayment period is set according to the borrowers present income. Therefore, larger the income larger will be the loan amount. Unlike other loans, this loan charges higher rate of interest as lender feels risk on this amount. So, to cope-up with the situation he offers amount at high interest rate.
Usually, the borrower can avail the loan amount ranging from 100-1500. This amount has to be repaid back in a short period say 7-31days. The amount availed can be used to meet various sundry and petty issues like medical expenses, grocery bill, unexpected tour, education fee, home repair, wedding expenses, mobile phone bills, car repair, monthly installment for debts and so forth.
The bad credit holders like CCJs, IVAs, arrears, defaults, bankrupts, etc can also avail the loan without feeling any sort of discrimination with good credit holders. Moreover, with proper and timely payment of loan amount, the bad credit holders can gain privilege to elevate their own home.
The loan option can be availed by anyone who fulfills the following conditions:
* Applicant must have attained minimum age of 18 years
* He or she must be employed in some reputed firm for last six months
* He or she must be earning at least 1000 per month
* Applicant must a citizen of the UK
* Presence of bank account in any UK bank is essential
After complying with these terms, the borrowers are eligible for availing installment loans. Internet is preferred by most people in the UK because of its various comforts. While accessing the loan from internet, the borrowers do not have to rush here and there as they can access various quotes from home or office.
by: Tristan Todd
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