Who can get the Unsecured Loans?
The procedure that is involved in the unsecured loans is completely different from the procedures followed by the bank or other lending institutions. There are many people around who are having bad credit history, but in such a complicated and risky situation, the customers can even get the approval for the loan from us. There are certain requirements that need to be fulfilled in order to get the approval for the Installment Loans for bad credit –
- The person should attain the age of 18
- Needs to be the citizen of the nation or the permanent resident of the place
- Needs to have a savings account
- Should offer valid phone number and email address
- Needs to provide the proof of employment that will show that the person is employed for the past 90 days before making the application for the loan
Repaying the unsecured loans to us
When loansslender.com approving the loan then you should also remember that the loan needs to be repaid within the stipulated period. The amount needs to be paid before your next payday. It is an easy process for the unsecured loans and you can also eliminate any kind of late charges. In case you are unable to repay the loan within the stipulated date that is mentioned in the contract, then the borrowers usually get the extension of the repayment time. This gives you the opportunity to collect the money and repay it to the financial institution.
In case the extension is required, the customer should contact us beforehand so that they can negotiate with us on the date of extension. In case you wait for the last moment, then extra fees may be incurred in your loan.
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Benefits of Unsecured Loans
The customer should always take the initiative of repaying the unsecured loans within the time mentioned in the contract. This will help you to keep the interest rate on the lower side and we can also build up a good relationship with the customers. It will become easier on our part to approve the loan in the future and you can also improve the bad credit score.
We also make sure whether the customer has the ability to repay the debt on time before getting into any contract. There are customers who are able to repay the loan with the extension of the date in such a case we do approve the loan to our customers.