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

Unsecured Loans: Loans with no Collateral

By Peter Taylor

Have no collaterals? Go for unsecured loans? For all the tenants and the non homeowners who do not have any assets to offer as collateral with the loan amount can avail unsecured loans. Unsecured loans are the loans which are granted without any security. So no collateral is required for availing the loan amount.

An unsecured loan signifies the loan amount that is unsecured or not guided by any security. Unsecured loan are the loans that offer loan amount without requiring to keep any assets like property, vehicle, house etc as collateral. Unsecured loans can be used for various purposes like wedding, education, vehicle purchasing, home improvement and debt consolidation. The loan amount offered under unsecured loans ranges from 5,000 to 25,000. However the exact loan amount offered would depend upon the borrower's credit history, income status etc.
The repayment term for an unsecured loan ranges from 1 to 10 years. Since the repayment term is long the borrower can easily repay the loan amount in small monthly installments.

The main advantage of an unsecured loan is that the borrower does not keep any collateral against the loan amount and thus significant time in evaluation of the collateral is saved. The interest rates charged on an unsecured loan is slightly higher than the loans types. Unsecured loans have a slightly higher interest rate than secured loans. This is to compensate the lenders risk which increases due to non placement of collaterals.

The availability of unsecured loans over the internet has made their access easier and much quicker. The borrower can apply for the loan at his or her comfort like from home or office. The borrower just need to fill in the simple online application form and can avail for the loan. The borrower can also see the different quotes by different lenders online and can find the best suited deal out of the lot. There are many lenders available online which offer unsecured loans. However the exact interest rate charged on the loan amount varies from lender to lender.

Borrowers having bad credit history are no exceptions and can avail unsecured loans easily. The interest rate charged by such borrowers having CCJs, bankruptcy, defaulters etc is slightly higher than charged by normal borrowers.

Unsecured loans look for all the financial needs of the individual by giving out loans without depositing security. So for all tenants, homeowners and borrowers with bad credit to their names can easily avail unsecured loans.
About the Author
Peter Taylor is a senior financial analyst at with an acumen for finance and insurance. His articles are widely read because of the lucid manner of wriiting and thoroughly researched datas. To find secured Loans, unsecured loans, personal loans UK , secured loans UK, homeowner loans,payday loans that best suits your need visit

Article Source:
If you wish to add the above article to your website or newsletters then please include the "Article Source:" as shown above and make it hyperlinked.

  Some other articles by Peter Taylor
Finance on Low Rates Is Possible Through Personal Loans
Personal loans are the most initial and popular loan in the financial market. These loans provide financial assistance to the person ...

Bridging loan UK: Making a financial bridge for you
Nowadays, property transaction has become so common in the UK. Many people in the UK are buying a new property by selling their present ones. ...

Home Equity Loan Is a Blessing In Disguise
Home equity loan allows you to borrow money using your home's equity as collateral. Collateral as you know is the security against which you take the loan amount. But in case of home equity loan ...

Bridge in the Financial Gap with Bridging Loans
Located dream property for building your home and short of cash? The bridging loans are the best solution in such a situation. Bridging loans ...

Best Loans With Best Rate: Cheap Secured Loans Uk.
What a borrower needs in the form of loan? Surely a good amount of money, wider repayment duration, flexible loan terms and of ...

Consolidation Tenant Loans Clear Debts In Smooth Manner
Often a tenant is not in a position of making timely payments towards loans because of limited income source and as a consequence incurs big debts. For getting rid of debts however tenant has the option of ...

  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