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How To Get Loans Without Collateral – Lainaa Ilman Vakuuksia


Thanks to  Zmarta – lainaa ilman vakuuksial is in the grasp of any individual out there, regardless of what their current financial situation is or what they need the money for. This is the best thing about taking out an unsecured loan compared with a secured one.

What do You Need for an Unsecured Loan

Even though you can borrow money for whatever purpose that you like, you must actually state the reason by law during the application process. At Zmarta, there are six different categories that your loan purpose can fall into. These include the likes of general small loans, wedding loans, travel loans, renovation loans plus others.

Photo by Josh Appel on Unsplash

Because you do not need to pledge your property as your collateral against your name when taking out an unsecured loan, it makes it a great option for making various purchases. They also provide a good amount of flexibility regarding repayment, meaning that you can pay back the full amount of the loan at any given time. This lets you fully write it off as soon as your personal financial situation gets healthier. The maximum amount that any one individual can apply for through Zmara is 60,000 euros. This should be enough to fund even the most extravagant of weddings or luxurious holidays.

Criteria for Unsecured Loan

In order to be eligible for an unsecured loan, there are a number of criteria that you must first meet. The first of these is that you are 20 years of age or older; that you have an regular income coming in, whether that be from a salary or a retirement fund; and that you have no default entries against your name. If you do meet all of these criteria then you are able to go ahead and apply for an unsecured loan.

After applying for one you can get a decision and the loan finalised on the same working day in some cases and depending on the lender. However, in general, it typically takes anywhere between one and two days for all of the required paperwork to be completed and you sent the money that you requested.

Interest Rate

The interest rate that you are given with the loan varies widely from lender to lender and is based upon all of the information that you provided during the loan application phase. However, in general, they typically range between 4.99 % at the lower end and 38 % at the higher end. By using a loan comparison tool, you can quickly and easily see the rates of the different lenders and work out what your monthly repayments would be based on what they are at that current time. Knowing what the monthly installments will be on a loan is useful for allowing you to budget for a realistic amount that you will be able to afford to pay back without any issues.

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