Unsecured loans are the loans that are granted without keeping any security against the loan amount and now the lenders are raising them directly to the borrowers; brokers are excluded from the deal. These days Unsecured loans Direct Lenders are featuring as they allow the people to get help in their hard times. This loan is generally availed for a small amount and that too for a short time period.
The loan is availed to the people who are having the citizenship of UK, 18 years or above in age, employed in any firm or organization or they must be having some regular source of income and last but not the least is the availability of the bank account on his name. The above mentioned conditions are the conditions that are forming the eligibility criteria for the loan.
The online applications submitted by the borrowers are processed immediately and the borrowers are contacted by the back end for the further process of the loan that involves the submission of the documents and their verification as well. Most of the people avail loans for people on benefits to meet the short term needs and thus these are raised at the higher rates of interest and for a period of 30 days. The borrowers can apply for any amount in the range £80 to £1000.
For more information do browse at: http://www.guaranteedloanshere.co.uk/