Know all about the loans provided by Longridge Loans!
Speaking in general terms regarding the financial market, getting approval for a loan in present times of economic insecurity is quite an issue. Under such state of affairs, people with a poor credit history, have the maximum problem in getting a loan approved that could suit their demands and requirements.
Most importantly, the whole ordeal of getting a loan approved, the rate of interest that is to be paid for it and finally the repayment policy, all have their own set of problems associated with it. Hence, it is a difficult match to keep up to these demands.
With Longridge Loans making its name in the market, one can be sure that these associated issues would lessen down, to a certain extent. Known for its specialty in Guarantor Loans, this is perfectly suitable for people who have a bad credit score, or a depressing credit history.
For them, this is a perfect way to pay off their sudden debts.
These are a type of short term loan, generally provided to people with a bad credit score and hence is suitable to ward off their sudden debts.
Belonging to the unsecured category, in this case, a person takes a loan within a very short time period, and instead of a collateral, a person who is close to the family stands in to act as a guarantor to pay back the loan.
Generally, this person happens to be a close acquaintance of the person, who is well aware of the borrower’s financial condition, and thus is ready to become the guarantor for the loan that is to be taken.
Also, there are no additional charges associated with this loan on either side: borrower or lender. Thus, this loan can be said to be one of the most easily approved loans in case of a person who is looking for a short term unsecured loan.
Functioning range of this loan:
From the start of the millennium, this loan has gained special significance in the short term financial market. Checking out the statistics, one can easily find that this type of loan has easy policies that can be taken into consideration when one is preparing to get a loan approval.
The borrowing rates range from £1,000 up to £7,500 at the interest rate of 41%-45% within the time period of 12 to 60 months, which can increase up to 10 years.
These aspects mostly depend on the financial company from which the loan is been taken and its present standing in the market.
With Longridge Loans you can be sure to get the best quality of loans available in the market, and most importantly, it would suit your demands to a great extent.
Certain important aspects:
Though our specialisation is in Guarantor Loans, there are a number of other types of short term loans that are provided by us. Depending on the credit history and the current market scenario, we provide loans that would be perfect to suit the needs of the borrowers.
Thus, Longridge Loans gives the best opportunities to people to make sure that each and every financial constraint is answered and well treated by us, making people our lifetime patrons!