Tag Archives: loan products
Instant Payday loans: Fulfilling needs in an instant!
If any UK citizen is badly in need of quick cash and finds it difficult to wait till his next paycheck to come then he can arrange for the same with instant payday loans. The borrowers can lay their hands on these funds without facing any further delay and glitches in the loan procedure. These loan products are the best way to get decent sum of money for a shorter period of time. Therefore, it is said that instant Payday loans act as a temporary solution amid urgencies and next pay check.
Applying for instant payday loan product is quite easy and simple. The borrowers can employ the same amount for catering to number of purposes without inviting any unwanted attention from the lender’s side. Usually, people prefer these loan products to meet their urgent needs that cannot be postponed in any way be it whatsoever. But for getting such loans, the borrowers will have to furnish some important credentials.
These loan products can be obtained if the borrower meets the minimum eligibility criteria. Another important thing to mention over here is the fact that this loan option is exclusively meant for residents of UK only. So, any UK citizen aged 18 or more, can only apply for it. Moreover, the borrower should also have an active bank account in the UK along with the debit card for proceeding with the transactions. Also the borrower must have a permanent income source with the minimum salary of £1000 per month to back his/her loan plea. Meanwhile, the borrower should be an employee of company on regular basis.
The bad credit holders like CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangements), arrears, defaulters, missed payments etc can also arrange the loan product to cater to their instantaneous cash needs. Along with it, the borrowers who don’t possess any precious asset (to be pledged as collateral) can also avail this loan product as it is a collateral-free form of financial assistance.
The amount thus accessed can be employed for meeting several small and short term expenses like electricity bills, grocery expenses, education fees, home or car repair, unexpected medical expenses and so on.
Under this form of financial aid, borrowers can avail loan amount ranging from £80 to £750. The amount offered depends on personal circumstances of the borrower, his/her income and of course, market conditions. As far as the repayment goes, the availed amount can be repaid back easily within 14-21 days or till decided payday. Meanwhile, the APR (Annual Percentage Rate) offered is little bit on the higher side in comparison to personal loans. Thus, for availing the best deal, the borrower must compare first and then select the best quote out of the available lot, to bag a pocket-friendly deal.
Unsecured loans – Served in the way you like it!
Unsecured loans have always been an interesting subject of speculation for the UK borrowers. Maybe that is one reason why they have been doing great business in the UK, of late. This article finds out reason behind it.
The successful run of unsecured loans, despite base rate staying stagnant at 0.5 percent for almost a year, has taken everyone by surprise. Certainly, though such success was on expected lines yet the fact that has amazed everyone is the time duration for which it has stayed in the reckoning. Interestingly, another reason why people have been finding it hard to believe it is that cost of unsecured loans is rising without a single hook or pull. But even then its demand has refused to come down. As a matter of fact, it has been rising with every passing day.
Incidentally, the present series of development is a deathly blow to the age-old perception as per which unsecured loans are not good for your finances in long run. But the current scenario suggests otherwise. This is the reason why almost every single lender has quickly switched over to unsecured loans, with an intention to clock maximum revenue during this ripe time-period.
But now with the concept of price comparison portal springing into action, people have got a liberty to compare unsecured loans and laying their hands on the best of them. Moreover, this format of marketing loan products have given the borrowers, the luxury of having them served in the manner they want it to be so. Thus, the trend of customised loan marketing is quickly catching pace, and the sea-change noticed in unsecured loan products selling is one fine example of it.
It is believed that till the time political stability returns in the United Kingdom, unsecured loans will continue the way they have been doing in past few months. Meanwhile, attributing this success to only the points mentioned above will not be good. It became hugely successful because of its no-nonsensical nature that does not withstand any unneeded delays such as performing any unwanted formalities in the name of legality or other thing. Other thing that has worked in their favour is the quick availability which has ensured that the borrower get the required cash before the need gets timed-out.
So that has been the success-story of unsecured loans for you.