Monday 5 May 2014

Guaranteed Loans for people Bad Credit- Get the Guaranteed Loan

Arrears, late payments, credit card bills and bounces are the few common reasons that take away the eligibility of the individual for availing the loan from the online finance market. But people with bad credit can now get the guaranteed loans for people bad credit as there are lots of lenders giving the money for short term use without credit check.

These are the short term loans and thus are raised at the higher rates of interest. In order to get the loans for people with bad credit granted one must apply by submitting the filled online application form on the website of the borrower. The online applications are immediately processed and the loan is granted.

In order to get the loan one must fulfill the criteria of eligibility and these involve the conditions that the borrower must be a resident of UK on permanent basis. He must be 18 years old at least, he must be employed and last but not the least he must have a bank account on his name. Guaranteed loans for people with bad credit are the short term loans are thus are raised at the higher rates of interest. One can apply for any amount from £80 to £1000. The loan is thought to be repaid in the period of 30 days.