subject: Unsecured Car Loans - Now Own The Car Of Your Dreams! [print this page] Ever dreamed of buying the latest car but had to deal with a second hand car because you cannot afford to pay for it? Does it not hurt when you see all your friends zooming around in better cars than you and you wish you could somehow afford them? Do not be disheartened and settle for anything lesser than what you want. Unsecured Car Loans are meant for this purpose only.
Unsecured Car Loans are short term loans which have a flexible repayment period. They do not require any property to be placed as security to avail them.
The lenders would grant you a loan in the range of 1000 - 25000 to be repaid over a period of 1 to 10 years.
Features of this advance:
This finance is beneficial in more ways than one. As there is no placement of any security as collateral, there is absolutely no risk of losing property if the borrower does not pay the money back on time.
There is no credit check and owing to this, people with a poor credit history can also avail this finance. The repayment term can be extended by the lender if the borrower gives him prior notice.
There are a few disadvantages as well. As there is no security placed, the lenders charge a slightly higher rate of interest. If the repayment term is extended, the lender charges an additional fee.
Eligibility Criteria:
The applicant must be a permanent citizen of UK.
The applicant must be 18 years of age.
He must be working with any organization and must get a regular monthly income.
He must have an active checking bank account.
The whole process is entirely online. There is no running around required to arrange for paperwork for the bank. Just fill an online form. Submit the required information and after verification, the money is transferred to your account. This entire process is faster and easier.
