Dont Have Any Asset But Need Money: Opt Unsecured Loans UK

By: Michael Moore

There are many people who don't own any personal property. Such people can't avail secured loans. So isn't there any loan that can be availed by people who don't have any property? The answer is yes. Unsecured loans UK are very good option for non homeowners who need money for their personal or professional needs.
As the name suggests, unsecured loans UK are unsecured in nature and can be availed without placing any security against the loan amount. Unsecured loans UK are best suited for tenants and paying guests but homeowners who don't want to risk their property can also avail the benefits of unsecured loans UK. But there is certain criterion which you must fulfill to be eligible to avail unsecured loans UK. You must have a full time employment and regular source of monthly income.

Also you must be 18 years of age or more in order to avail unsecured loans UK.
Unsecured loans UK are short term loans and can only be availed for a period of 1 - 10 years. The loan amount that can be availed with unsecured loans UK is quite considerable and ranges from ?500 - ? 25000. Lender decides the loan amount depending upon various factors like credit status, repayment ability, monthly income etc of the borrower. The interest rate of unsecured loans UK is a bit higher than traditional loans because of the risk factor involved but you can easily avail it at lower interest rate because of the cut throat competition prevailing in the financial market.
People suffering from bad credit status due to arrears, defaults, CCJ, IVA, bankruptcy etc are also eligible to avail unsecured loans UK but the interest rate is higher for them compared to good credit borrowers. Bad credit borrowers can increase their credit score by regular payment of loan installments.
Tenants and paying guests can easily raise good amount of money with the help of unsecured loans UK. You can use unsecured loans UK for any purpose of yours like paying debts, debt consolidation, vacation etc. It's for you to decide how you want to spend the money.
Unsecured loans UK are available easily through online lenders and through physical market but make it a point to make timely repayment of loan because lenders can take legal steps against you in case of any deferment.

Unsecured Loans
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Unsecured Loans