United Kingdom 3 To 6 Months No Hassle Loans – No Need to pledge collateral in lieu of the loan
In order to meet the amount of Unemployed Loans, UK borrowers do not need to coerce to pledge assets as collateral in support of the loan. Instead of approved loan a borrower needs to be eligible in some basic eligibility criteria which are as follows:
- A borrower must be at least 18 years of age or above
- Be citizen of United Kingdom
- Be regular employed for past 6 months
- Monthly source of income more than £1200 after deductions
- Possesses an active checking account for past 90 days in any reputed bank
Having these above eligibility criteria, the another advantage is added to advanced advantages such as he does not need to exhibit his credit history to the lender, to apply for the loan amount ranging from £150 to £2000 for a time period of 3 months. But on account of some abrupt situations, the reimbursement term is increased for a period of 6 months from approval loan. But for this extension the extra fee is charged at the borrowers' amount.
No hassle loans are basically short term loans. So, these loans carry marginally high rate of interest to compare the regular loans. To fall off the interest rates the borrowers can surf over the internet where lots of online lenders are ready to provide relatively rate of interest in a tough competition of lending. So, the borrower needs to select one lender of them and follows the rules and regulations of the lenders.
An online application has made the applying is very easy and convenient for these loans. Because of being available online application, borrowers are free from faxing documents. Its result is that borrowers can save their precious time and efforts. The approval of these loans is very convenient i.e. its electronic transaction. The loan amount is deposited into the bank account within few hours on the same day.