subject: 1500 Pound Loans: A Unique Financial Support [print this page] 1500 Pound Loans: A Unique Financial Support
The financial market has created various schemes of loans in order to respond to different kinds of demands it receives from the people. People do not always require loans of great amount. Sometimes, small amount of loans are enough to serve their purpose. They, still, want it immediately. The finance is necessary for clearing school fees of the kids or for clearing electric/telephone bills. They can do with some small amount if they are to manage a wedding ceremony in their family which has been fixed suddenly. They are really helpless if they must clear an urgent medical bill when their wallet is already empty. Endless are the demands, however small they may look. The people of United Kingdom are fortunate as they can secure instant cash if they apply for 1500 Pound Loans.
1500 Loan is a short term loans which means the borrower must pay back the loan amount within two to four weeks. As it is a short term loan, the interest rates are comparatively high. It is good for the interest of the borrowers that the loan amount is cleared within the stipulated period. An extension for the tenure may be asked for. The lender may agree. Problem is that the burden of loan will be much higher as fines and penalties will be added to the payable amount.
The applicant should be eligible for 1500 Loan. The applicant is to fulfill the following conditions:
1. The applicant must be over 18. This is a financial agreement. One who is not a major is not entitled to enter into such an agreement.
2. The applicant must be a citizen of United Kingdom.
3. He must hold a checking account. The lender transfers the loan amount to the bank address of the borrower immediately after he approves the application.
4. The borrower must work under any officially authorized organization and he must earn 1000 per month.
It is a fact that several borrowers have record of weak credit. They have borrowed from different sources and failed to pay back the loan amount as per the agreement. It is possible that their credit score has gone below 560 as per FICO. They are not to be worried. Credit history is not checked for 1500 Loan.
