subject: Loans for the disabled-Affordable funds for disabled people [print this page] Some special steps have been taken by the lender to help disabled people. These loans have introduced to help people who are getting help from DSS and they need cash to meet their expense. If you ever felt that you are trapped by unexpected expense and to meet that expense you need extra money and the amount which you are receiving from DSS is fixed. In this situation you can apply for loans for the disabled.
The people who are suffering from physical disability like deafness, blindness, reading disability, learning disability are entitle to applicable for loans for the disabled. You need not to worry about your disability. It will not be a hurdle for you. In this there are two types of loans that can be offered i.e. secured and unsecured loan. In secured loan, if you are willing to have huge amount and you are capable of pledge any of your security or property, then you can apply for this loan. In this you would be offer amount up to 75000 and duration of pay back money varies from 5 to 25 years. Lender would not offer you high rate of interest.
In unsecured loan anyone who is not capable to pledge any of this security or property can apply for this loan. In this you would be offering amount up to 25000 and duration of pay back money varies up to 10 years.
No matter if you are affected by bad rating like defaulters, CCJ, insolvency, arrears, etc., you can approach for loans for people on disability. There is no credit check .In this lender do not check the credit history of the borrower. To apply for this loan you have to fulfill certain eligibility
You must be inhabitant of UK
Should be legally 18 years
Must be availing benefit of DSS
Should have valid account
Applicant must have regular source of income
If you are able to satisfy the following eligibility, you would get cash and there is no restriction on usage of cash. He can use cash according to his needs and desire.
Through the medium of internet you can apply for this loan by just sitting at your home. All you need to do is to fill online application and have to fill some personal information. Lender would do verification of that information once he is satisfied. Your application for loan would get approve and you will get cash in your account.
Loans for the disabled-Affordable funds for disabled people
