Which ever loan you may take, all have same conditions. Generally lenders charge same rate for all persons. But there are few who do not have same condition. These are people with some physical or mental disorder. These people find it really very difficult in arranging cash. They are mostly unemployed people. To help them we have introduced loans for people on benefits.
These persons may get the cash with our loans for people on benefits. Actually they are living on the benefits being given by the government. These benefits act as a security for their loans. The loan amount is generally not fixed. It may go from 100 pounds to 1500 pounds. This amount is granted for a very short span of time. This time period may be of few weeks.
These loans have very few conditions that any borrower has to fulfill. Presently such loans are offered only to the people living in UK. Such persons should also have crossed an age of 18 years if they want to go for such loans. The loan amount is directly credited to the bank account of the borrower so a valid checking bank account is also required.
The best part of such loans is that these are offered in totally unsecured form. You need not pledge any of your assets with the lender to take money. Though the rate of interest on such loans is generally higher than the normal rates but seeing all other merits, it is not so much. A borrower may also do a little market research and select the best lender for his or her loan after having a comparison between all loans being offered by different lenders. It will surely help in getting the best loan approved in the least possible time.