Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Loans » Article
 

Get a risk free unsecured loan without providing collateral




By Mary Jones

These days the cost of living is high as a result you need more funds, which may not adjust with your regular income. But you have an answer for your problem, i.e. unsecured loan. Unsecured loan as the name suggest do not mandate collateral. It means you will not have to provide any security or collateral to get the amount of loan.
The amount taken for unsecured loan ranges from £500 to £25,000. The amount taken by the borrower as unsecured loan can be for many reasons. The borrower may use the unsecured loan amount for funding education, purchasing of car, vacation, making home improvements or paying off medical bills etc. The term for unsecured loan ranges from 5 to 10 years. Unsecured loan takes lesser time for approval as there is no property to evaluate.

Unsecured loan are available for both tenants and homeowners. The tenants who cannot provide a security have a good option in the form of unsecured loan. On the other hand, the homeowners who are not willing to provide a security can also apply for unsecured loan.

Bad credit holder having arrears, CCJs, defaults, adverse credit, bankruptcy, foreclosure etc are even benefited by the unsecured loan. The bad credit holders can fund any financial requirement with an unsecured loan. However, bad credit holder has to pay a slightly higher rate of interest.

In case of unsecured loan, the borrower does not provide any collateral. This negates the risk of repossession of property, incase you default on your repayment of loan. But the risk of lender is increased because no security is there to safeguard the loan amount. This is neutralized by high interest rate. The interest rate for unsecured loans is slightly higher than secured loans. Still unsecured loans carry a range of low interest rate options to suit every budget.

Unsecured loan can also be applied online. Online you can get many choices for unsecured loan with a single mouse click. You can compare different quotes to make the best choice for your financial requirement. You just need to fill a singe online application form. The benefit of applying online unsecured loan is you get at a cheaper rate of interest because of competition in market. Results are provided faster and you can get all the funds right when you need them.

At the end of the day when you make-up your mind for secured loan. Then its better to go for the best available unsecured loan in the market. The best unsecured loan refers to a loan with a competitive rate of interest, repayment schedule and terms and conditions.
 
 
About the Author
Mary Jones is an expert financial advisor.She is working with Loans Valley.She has done Masters in Finance from London Business School. To find personal loans, secured loans, unsecured loans, debt consolidation loans, business loans, homeowner loans visit http://www.loansvalley.co.uk

Article Source: http://www.simplysearch4it.com/article/50699.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/article/50699.html" as shown above and make it hyperlinked.



  Some other articles by Mary Jones
Payday Loans for everyone – instant money without hassles
Often urgency crops up and you do not have enough money to meet it. Such tight monetary situation is part of every salaried person's life these days when lot ...

Revealing the Untold Facts about Secured Loans
Most of the times, counselling offered by the loan professionals is not comprehended by layperson. You can't do anything with the terminology. And this may result in opting for a loan option ...

Unsecured Loans Are There For Everyone
If you are stuck with a financial crisis and do not have anything to offer as collateral, then opting for an unsecured loan can be the only feasible option. Earlier, it might have been problematic to qualify ...

Payday Loans Are There For Everyone
If you are suffering from sheer need of money that too at a time, when you are in no position to deal ...

Bad Credit Debt Consolidation – embark on a fresh debt free life
People with bad credit tag must clear debts to get rid of that ever growing mountain of debts. But more than that paying ...

Want to Get Some Guidance for Getting a Personal Loan?
So, your personal requirement insists you to avail a personal loan. It is true that with a personal loan, anyone can fulfill his personal wishes. ...

  
  Recent Articles
One Hour Cash Advance
by Peter Hughberry

Solve Your Debts With Credit Card Debt Management Plan
by Elaine Owen

Approves loan amount faster - Online personal loans
by Ashley Lewis

Cheap Car Loans Uk:Grab The Opportunity To Buy A New Car!!
by Aldrich Chappel

Get Bad Credit Unsecured Loan with No Hassle in UK
by Anton Gabriel

For The Van Of Your Choice: Used Van Finance
by Bonnie Castle

Finance on Low Rates Is Possible Through Personal Loans
by Peter Taylor

Secured Loans- Money at reasonable rates
by Joanne Clive

The dos and don'ts of adverse credit car loans
by Joanne Clive

Redeem your business ideas with business loans
by Angelo Drew

Unsecured personal loans: Easier and convenient
by Elizabeth Swann

Low Rate Secured Loan: Avail The Benefits Of Low Rates
by Aldrich Chappel

Can't connect to database