subject: Same Day Unsecured Loans- Collateral Free Loans [print this page] Whenever a person goes for any loan, the first thing the lender asks for is the asset which he/she is pledging. Most of the loans being offered today are secured loans. They are not only cheaper for the borrower but also less risky for the lender. But what if a person who is need of money does not have any asset to pledge? Many of the borrowers face such problems. The solution to which is same day unsecured loans.
Same day unsecured loans are basically loans that are offered without taking any collateral from the borrower. Another advantage of these loans is that they are granted instantly without any delay. Today we all are busy and do not have enough time to waste. Time has become very precious for us.
This loan helps us in saving time by easy application process. You may also apply for such loans via internet. You need not go to the lenders shop with all your documents. Just click on the website of the lender and fill in an easy application form available. If your profile suits to the lender, your loan will be approved instantly and you will be informed about it immediately.
Like other loans, these loans are also meant for the citizens of UK only. Age is also an important factor. At the time of application, borrower should not be less than 18 years of age. You should also be having a bank account where your loan amount can be credited.
As these are unsecured loans, there is one disadvantage with these loans. Interest rate applicable on such loans is generally higher than the secured loans. But this problem can also be easily solved. If you have a good past credit records, your loan may be approved at lower interest rate. So, if you are in desperate need of money this loan is the best option for you.
by: Balvin Bart
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