How to get an unsecured loan

What is an unsecured loan?

An unsecured loan is a loan that is not collateralised. This is a short term loan which means that it is repayable in a short period of time. The amount is small; from GBP5,000 to GBP25,000. Obviously, the smaller the amount, the sooner the repayment.

What can I use this loan for?

A short term loan is suitable for small or emergency purchases. This can take the form of a computer purchase, hospital or medical bill, house repair work and so on.

How to qualify?

You must be a citizen of the country be of the minimum legal age in order to apply for a loan. You should have a monthly source of income in order to prove that you have the ability to repay your loan. Ideally, you should be at least three months employed with the current employer. Of course, you can be contacted via a phone number and you possess a permanent residential address.

How do I apply?

Shop and compare loan providers

Go online and shop for loan providers. There are plenty of providers and the interest rates vary. Interest can range from 0 to 30%; so comparing providers will make a difference.

Fill up the web form

Once you have decided on a particular provider, all you have to do is to fill up the web form and click to submit.

Get the money

Once approved, the money is transferred to your bank account in 24 hours' time.

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