subject: Signature Loans For Bad Credit : Avail Credit With Just Your Signature [print this page] Signature loans for bad credit are attracting the money market. It establishes ones standing in the financial market. These finances are for people with bad credit only. The lenders issuing these loans undertake a lot of risk. If at any time the borrower needs money for their personal needs, they can easily apply for these finances. There is no hurdle is posed in the loan approval process.
Finance is lent in good faith. In this case, only the signature of the borrower is required. He is not required to pledge anything for the loan. The finance can be used for the following reasons:
" For business investment
" For payment of bills
" Holiday
" Study fees
" Housing rent
The credit sanctioned to avail signature loans for bad credit ranges from 200 - 25,000. It is for a maximum period of 1- 10years. Lending institutions decide the exact finance by considering the borrowers employment condition and financial stability.
The eligibility required is as follows:
"The borrower has to be over 18years of age.
"The borrower must have a stable source of income.
"The borrower must earn over 1000 a month.
"The borrower must be a citizen of the UK.
"The borrower must have an active bank account.
Lending institutions have now simplified the loan application process. The form can be filled online in a matter of minutes. After receiving the loan application, lender will review all the documents and based on that will decide on your loan amount. The credit will go directly into your bank account. Therefore, you do not need to pay any extra fee to the lender. No pre-payment penalty is required with bad credit signature loans. This is extremely useful for individuals that want to save some money in the form of interest rates.
