subject: Self Employed Loans-no Need Showing Income Proof [print this page] Most of the financing companies ask for income proof while availing the loan. This causes problem for the self-employed people. Looking at this condition, self employed loans have been specially designed for them. You are not required to show any income proof while applying for these loans. These loans provide you instant cash to meet emergent needs.
Self employed loans are availed to you in both the forms, secured and unsecured form. You can get any one of them according to you repayment ability and convenience. With secured loans, you can avail a huge amount ranging from 5000 to 75,000. The repayment period of such loans is of 5 to 25 years. You are required to place your asset as a collateral security against the loan amount to avail these loans. These loans have a low rate of interest.
On the other hand, with unsecured loans, there is no need to place any collateral security against the borrowed amount. With the help of unsecured option, you can avail the amount ranging from 1000 to 25,000 for the repayment tenure of 1 to 10 years. But, because of its nature, lenders charge a high rate of interest.
With the help of such loans, you can fulfill all your purposes like funding childs education, renovation of home, repairing car, paying electricity bills, medical bills, etc. These loans prove to be a great relief to the bad creditors holding arrears, bankruptcy, defaults, late payment, etc., as there is no credit check. Poor creditors can also avail these loans easily.
There is no requirement of faxing numerous documents to the lender while applying for the loan. You can apply for these loans over the internet. All you need is to fill an online application form, which takes a few minutes, and submit it. Lender will verify that application form and transfer the amount into your bank account within 24 hours.
