Monday, 15 April 2013
If you are living on
benefits and apply for a loan, banks have a field day asking for hundreds of
documents and checking and cross checking various details of the applicant’s
credit history.
Therefore if you need a
loan quickly, and if you are on benefits, it is advisable to steer clear of
such time consuming and tedious borrowing process. There are various lenders
who give loans for people on benefits, with affordable rates of interest and in
short spans of time.
You might need a loan for
any purpose during the month. It is not easy to live to benefits in today’s
world of rising costs. There are grocery bills to pay, phone bills and credit
card statements and a hundred other knick knacks to buy, be it for necessity or
for luxury. These quick loans come in handy for people on benefits.
attainment these loans are
easy. There are many lenders online, who have made the loan process easy. Find
a lender online who offers the best interest rates on the loan, and apply on
their website. The form is available on the homepage, and takes only a minute
to fill.
There are no lengthy
details to be given, and you can submit the application free of charge. The
lender gets back to you instantly, confirms your application and within a few
quick hours, the money will be deposited in your bank account!
The lender will decide
your loan amount depending on your repayment capacity and requirement. You can
also pay off the loan over a comfortable period of time.
There is no need for
credit checks in the case of loans for people on benefits. If you have bad
credit, that is okay. You can still apply and get approved. You don’t need to
furnish collateral either, or fax any documents to the lender.
All you need is a valid
checking account in a bank with a minimum balance of $500, and should have been
receiving DSS benefits for at least 6 months at the time of applying for the
loan. You also need to be at least 18 years old and a permanent US resident.
