subject: Unsecured Loans For Retired People Retirement No More Burden [print this page] Medical problems at old age are normal and add high doctors fee add burden on the retired person. To support such people, unsecured loans for retired people are available in the finance market. This financial help is particularly drafted to support old people when their income reduces to a great extent.
This credit is not like regular loans but only retired people are eligible for the personal loans. Not only the terms are not similar the requirements for approval also differ. This help is free from the terms of the collateral and applicant needs not to pledge anything like security. To get instant approval, pensioner has to offer copies of your pension or retirement income statements in order to show proof of earning.
The approved can be utilized for meeting monetary needs such as buying a home, home renovation, car repair, buying some furniture, high medical bills, shopping and going for long holidays. Borrower can use the approved amount according to his choice. No one can stop him from doing this.
Here, you are free to borrow an amount from the range of 1000 to 25000 with settlement terms of 1 to 10 years. You can extend the repayment terms according to your requirements. There is simple eligibility conditions which you need to meet:
To get eligible, you must have citizenship of UK.
You age should be above 18 years.
You must proof of your retirement and get a pension.
You must have an identity proof.
Finally, must have an active bank account.
If you are thinking that bad credit history will be problematic for approval then you are wrong. Unsecured loans for retired people accept default, CCJs, IVA, late payment, arrears, and insolvency. Lender just counts the repayment ability of the applicant.
by: Alan Jordan
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