subject: No Assets To Pledge, Avail Unsecured Loans [print this page] If you are some body who does not own a home or if you are living as a tenant or does not have any valuable asset to put as a security backing for the amount which you want to avail as a loan. Then the loan product which do not demand any pledging of assets to secure the loan amount will be suitable for you. As this will be an unsecured loan where there is no need to secure the loan amount. People with bad credit can also avail this loan but the rate of interest will be on the higher side. There is no hard and fast rule, lenders analyze every case differently before granting the loan. The loan amount can be used according to the borrowers needs and lender has nothing to do with this.However,keep one thing in mind that these loans come at the higher rate of interest and repayment period is generally shorter. There are various loan products which come under the category of unsecured loans such as personal loans, payday loans, tenant loans, non-homeowners loan, credit card loans, bad credit unsecured loans
etc. For example, tenant loan is one of the very popular branch of unsecured loan category as it can be obtained by non-homeowners who have no property to pledge. Tenant loans can be availed for amounts ranging from 1,000 to 50,000. Credit history, past defaults, payment overdues, late payment etc. do not alter your prospects of getting the loan as the main focus of lender is on your regular monthly income. The interest rate of this loan might be on the higher side as there is no security against the loan amount.Remember,you need to be a permanent resident of UK with 18 years or more in age and have to have a checking bank account. You can find numerous Unsecured Loans deals online with lots of offers to choose from.
by: Shelly Dicousta
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