Loans For Disabled People - An Easy Way To Help Yourself
Physical disability is a phase of life what never gets over and people who are facing
this and living through this they face so many different types of challenges in life. The biggest challenge they face is related to finance. They usually face scarcity of funds in their life because of disability. Thats why loan market has designed loans for disabled people who are basically for people who are disabled and living on DSS benefits.
Features:
With these loans they can easily overcome their financial problems as well as can fulfil their dreams.
If they can provide collateral then secured form of loans can provide them big amount of money. Lenders allow the larger amount after taking the collateral against the loan money.
People can avail the loan amount upto 75000 depending upon their collateral value for the time period of 5 to 25 years.
If pledging collateral is problem for you then no worry unsecured form of loans under this loan can provide you security free money. Lenders do not demand collateral for this. But loan amount will be small in comparison of secured form.
Lenders allow the loan in between 1000 and 25000 for the time period of 1 to 10 years. There is no security for the lender thats why they charge high interest rate in unsecured form of loans.
These loans are also free from credit check. Poor credit holders also get approval in this loan option.
Loans for disabled people are a very good option because of very less paperwork. But still there are some conditions which every borrower need to complete and that are
You must be UK citizen.
Your age should be 18 years or more.
You must be on DSS benefits.
There should be a bank account under your name.
You should have permanent residence proof.
You must have saving atleast 1000 per month.
Applying procedure:
Lenders have their websites so you can go online to apply for loans for disabled people. There is only one application form which you need to fulfil and lender allows the loan without any question.