Loans on benefits : fast fiscal aid for the people on benefits
15 Oct 2009
There are a lot of people who lives on the benefits of DSS. These people can be either physically challenged or mentally retarded due to which they are unable to have any income source. There is some urgent and unavoidable requirements take place in life which needs to be fulfilled on time with right amount. But the amount which you may be getting as benefits sometime turns inadequate to deal with all your needs. Therefore, in such critical times applying for loans on benefits can be of great help. These loans are especially structured for the disabled people. With these loans you can get great financial support which enables you to fulfill your fiscal demands and remove all financial worries easily.
The loans for people on benefit is available in both secured and unsecured forms. Both of these forms contain different features, which are enlisted below:
Secured loans for people on benefits
1. Placement of collateral is must.
2. A high loan amount in the range £5,000 to £75,000.
3. The longer repayment term of 5-25 years.
4. Lower interest rates due to existence of security.
5. Suitable for fulfilling expensive financial needs.
Unsecured loans for people on benefits
1. No involvement of collateral
2. A loan amount varying from £1,000 to £25,000.
3. The short repayment term of 1-10 years.
4. High interest rates due to lack of security.
5. Collateral free funds.
6.Quick approval as no time wasted on evaluation of an asset.
Loans on benefits do not discriminate between good and bad credit holders. So, people facing bad credit records of bankruptcy, defaults, arrears, insolvency, missed payments etc can freely apply and avail the benefits of these loans.
The amount obtained by the assistance of Loans For People On Benefit can be utilized to fulfill a number of purposes like buying a car, debt consolidation, education purposes, wedding expenses and so on.
Loans on benefits are the perfect finance solution for people living on the benefits provided by government. These loans provide sufficient fiscal aid to the people on benefits. You can select these loans in either secured or unsecured form as per your needs and repaying ability.