Personal loan, an unsecured loan also known as a signature loan is a monetary loan that is not secured against the borrower’s assets and is solely based upon the borrower’s credit rating and income. Unsecured personal loans have a fixed interest rate and generally carry no restrictions as to what the funds can be used for. The proceeds are often used to pay for unexpected expenses, vacations, bills, buy a new car, and home improvements.
Interest Rates, Unsecured personal loans tend to have a higher interest rate than secured loans for one simple reason, they are unsecured. If the borrower defaults on a secured loan the lender has access to collateral to minimize the losses. With an unsecured loan, the lender has to take the loss without recourse.
Applying for an unsecured personal loan is very simple. Complete the online application and we’ll electronically forward it to a lender whose guidelines and requirements are a potential match to your qualifications and request.
Personal Loans with Almost Instant Approvals
We know that for many people speed is vital when it comes to getting a loan. Nobody wants to wait weeks for an underwriting decision and another week or so for funding. That’s why we offer a fast and convenient application process – once an application is submitted, it is immediately processed through our network to be matched with a suitable lender. Approved applicants may have access to the funds within 24 hours.
Small Personal Loans for Bad Credit
Just about anyone can experience from financial hardship leading to a lower credit score. Something as simple as a missed car payment can be enough to affect your credit rating. Whatever the reason for your less than ideal credit rating, we might be able to help. At Getmoney.com we work with a vast network of lender and lending institutions whom could potentially approve your application. Complete our short online application and we’ll our best to help you.