These are good because the offered amount may not be too big but is helpful for various purposes. It will help you in buying a used car, in getting medical treatments, in supporting your child's education, arranging wedding, planning holiday tour or in repaying your debts. So, what more is required to be solved than this? It may look very simple but actually it is quite helpful.
For your use it will help you with an amount ranging from ?1,000 to ?25,000 with 1 to 10 years of repayment term. The rate of interest of these loans is generally high because the repayment term is short. If you want then can adopt other loans and avoid paying such higher interest rates. But there is an advantage in these loans. Even though the rate of interest is higher still you would like going for it because no collateral is being asked in it. So, you need not be a property holder for applying for these loans.
The bad credit holders are equally allowed and are provided the same amount as that of the good credit holders. The allowed poor credit records are:
oArrears
oLate payment
oSkipping of installments
oDefaults
oBankruptcy
oCCJs
The unsecured loans thus, are for all and the facilities provided by it are top class.
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