The offered amount in these loans ranges from ?1,000 to ?25,000 and repayment term is 1 to 10 years. For getting these loans you will not at all have to care to provide collateral. These are collateral free and are friendly for all kind of unemployed tenants. Any tenants will be eligible for these loans even though he is a council tenant or a person staying with his parents. Anyone is worthy of getting these loans. As these are for the unemployed people therefore, there will be no strict rule regarding repayment. Even though you are late, you will be spared from paying the extra monetary fines. The only thing is that you will have to pay a bit high interest rate in it. If you do not want to pay it then the best way will be to go for the loans with suitable interest rates.
Once you get, the loan amount will help you in:
oBuying a used car
oRepaying your debts
oArranging your marriage ceremony
oBuying a holiday tour package
oSupporting medical treatments or
oAssisting your child's education
Loans for unemployed tenants are available for the bad credit holders as well. All kind of poor credit records are allowed even though it is CCJs, arrears, late payment, skipping of installments, defaults or Bankruptcy.
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