Tag Archives: amount

Next day cash Loans: Easy funds with no hassles!

February 1, 2019   Fast Loan

Next day cash loans are emergency cash help which are easily approved on the next day of applying. These loans are catered to help those borrowers who need funds without any delay. If you are facing cash crunch in the mid of the month then you can simply overcome the situation with these funds.

You can simply acquire these funds without keeping any collateral. No collateral make these loans favourable for tenants and non-home owners. So, when you need cash on the next day and can’t wait for your payday then these loans are for you.
The no credit check facility makes these loans hassle free and suitable for all sort of borrowers. So, those with bad credit or no credit can easily get these loans. Under these loans all kind of bad credit records are accepted including:

• Country court judgments
• IVA
• Arrears
• Defaults
• Missed or late payments
• Insolvency
• Foreclosures and many more

However, there are certain prerequisites that you are required to fulfill to get these loans. For the same, you are required to be 18 years old permanent resident of UK. You must have an at least 3 months old active checking bank account. Moreover, you should be currently employed an earning fixed monthly income. Once you meet these terms then you will get instant approval. Right after approval the amount will be directly deposited to your account.
Under next day payday loans, you will be approved for any amount up to £1500. These loans are available for a short term of 14 to 30 days. So, you can easily adjust the repayment date with your upcoming payday.

To get these loans without any kind of faxing formalities, you must go through the online financial market. Online application will save you from the hassles of paperwork too. Further, by comparing loan quotes from different lenders, you will be able to grab a perfect deal for you!

Next day cash loans will facilitate you funds easily at times of urgency. Like this you will be able to meet your unexpected small cash needs in the best possible manner!

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Unsecured loans for tenants – The only option for non-homeowners

January 31, 2019   Home Mortgage

Tenants (council tenants, housing association tenants, private property tenants or folks living with their parents like student) are people who do not have their own house or residential property and live in somebody else’s house. As tenants are incapable of pledging collateral, the only option left for them is unsecured loans. Though primarily designed for tenants, these loans can also be availed by homeowners or property owners, as they may not be willing to get into property related legalities or risk his property for a small amount.

It is a known fact that homeowners or property owners can easily take advantage of their assets to get favourable loan deals like quick attention, high credit limit, competitive low APR, flexible payback terms and negotiable loan conditions. However, tenants miss out on most of that. Typically, unsecured loans for tenants are a bit expensive – low credit limit, comparatively high APR, fixed payback terms and non-negotiable loan conditions. However, these loans have other advantages that are not there with secured loans like:

  • No collateral – no deposit against the loan amount
  • Less paperwork – no red tape
  • Quick service – fast loan processing
  • No immediate risks in the event of repeated defaults or non-repayment

    Unsecured loans for tenants are also ideal for people who have small monetary requirements, as offering collateral may not be necessary and for people who have urgent needs, as getting into lengthy property evaluation procedures may not be feasible.

    These loans can be used for a variety low credit requirements – new or used car purchase, education or career development plans, wedding expenses, home improvement plans, vacation and holiday season expenses, business requirements, debt consolidation, bad credit, etc. As with most loans, unsecured loans for tenants too have basic eligibility criteria. A person applying for this loan should:

  • Have a savings account in the UK to which he makes regular payments
  • Be in a full time employment
  • Have lived at his current address for over a year
  • Have made regular rent payments (not applicable in case of those living with their parents)

    Please note: The basic criteria to avail an unsecured loan for tenant is – credit history and DTI ratio. In addition, the APR may vary according to the type and amount of loan required, and desired payback scheme and period. Generally, an unsecured loan for tenant has an amount range of £500 to £15,000; an APR range of 7.4% to 41 % Variable (typical rate is 19.9% APR Variable) and a compensation term up to 10 years. A typical unsecured loan for tenants deal may look like:

  • Amount borrowed & 8594; £5,000
  • Payback duration & 8594; over 60 months
  • APR (Average Percentage Rate) & 8594; 8.3%
  • EMI (Estimated Monthly Instalment) & 8594; £101.59
  • Total payback amount & 8594; £6,094.94
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