Quick Unsecured Loans- Instant Financial Help Without Guarantee
We may face a situation where we need an urgent help to solve our day to day problems
, and most of the times we need monetary help. At such time, going for a loan is considered as the best option. But the problem is that no one will grant us loan without any guarantee. But, you need not worry about any such difficulty. You have a better option of quick unsecured loans.
Quick unsecured loans are short term loans for the period ranging from 14-21 days. The amount of such loans is also very small. It may go from 100 to 1500. This mostly depends on your repaying capacity and needs. Generally, the repayment date is pre fixed, but it can also be extended as per the convenience and need of the borrower.
The most significant thing about these loans is that they are granted instantly and that too without any guarantee. It may sound odd, but it is a reality. Lenders are not interested in your past credit records. In most of the cases, the loan amount is approved within 24hours of applying.
Now, you may be thinking about legal formalities that a borrower needs to fulfill to get his/her loan approved. To get your money, you must be a UK resident with at least 18 years of age. Some lenders may ask you for a post dated cheque. This is mostly drawn from your salary account. It assures them that you are employed and getting a regular salary.
You may see that these loans are very fast and convenient way to borrow money, but they have an associated problem too. Generally, the rate of interest applicable on such loans is higher than normal loans. This is because these loans are unsecured and lenders have not taken any of your assets as collateral to grant you loan. But if you are actually in the want of money, then this is a very good option. Even higher interest rate will not be a problem because these are very short term loans.
by: Andra Nail
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