Bad Credit Unsecured Personal Loans - Fulfill Your Personal Needs

You are planning to buy a new home or renovate the old one or going to buy a new vehicle or want to go out for a holiday trip but are pulled back because of money shortage. Sometime back achieving loan was a problematic task but now because of heavy competition between the lenders even the bad credit rated person also can get loan easily. With every passing day the schemes of these loans are becoming attractive and borrower friendly. Here is a scheme for all the bad credit rated people who can't keep collateral for obtaining loan- Bad credit unsecured personal loan.

Brief

In bad credit unsecured personal loan the applicant will get a maximum amount up to £25000. While applying for this loan you need not keep any security. You can apply for through Internet also seeking the online availability of such loans. The application will be checked by the lender and depending upon the repayment abilities and needs of the applicant he will sanction the loan. Once the loan is sanctioned it will be directly delivered to the borrower's bank account.

Eligibility

o He\She should be above the age of 18 and should be a UK resident.

o Be permanently employed and obtaining a regular income and document showing last three months pay slip or last two years audited tax assessments.

Rate of interest and repayments

The lowest rate charged for bad credit unsecured personal loans is 9% APR which may vary. The repayment tenure ranges between 1 year and 7 years. If the applicant is paying back the amount in time it will improve his credit score which will help him in future to acquire subsequent loans.

Advantages

• Fast sanctioning of loan since no property verification or related documents check
• Flexible repayment terms
• Timely repayments helps to improve the credit score

source : ezinearticles.com