Loan Lender Increases the Disbursal Limit of Text Loans
Loan Lender has increased the disbursal limit of a text loan. It has gone up to £1500. The lender also provides financial guidance.
By: Lenders lists
"We know that sometimes people need funds more for emergency," said the CEO of Loan Lender, "and therefore we have increased the disbursal limit."
Loan Lender provides these loans at competitive interest rates. Bad credit borrowers can also apply for these loans. The lender believes in best practices and hence makes all possible efforts to make sure that each borrowers gets personalised deal that suits their budget.
The application procedure of these loans is very easy. Borrowers need to browse the website, fill out the application form and submit it. The lender uses complex algorithms to determine the affordable capacity of borrowers. It takes hardly a few minutes to shortlist millions of applications submitted by them. As the application is approved, borrowers are notified how much they could borrow. If the borrower agrees, funds are immediately transferred to their bank account.
Bad credit borrower may end up paying higher interest rates and they are not likely to get those deals exclusively available for good credit borrowers. However, the lender still tries to offer these loans at lower interest rates than other lenders. The lender will help them get the loan based on the basis of affordability. Borrowers' incomings and outgoings are considered to make sure that they could repay the debt on time.
Loan Lender also gives financial guidance to borrowers. Most of the borrowers struggle to tackle multiple debts and they continue to build up a vicious circle of debt. The lender welcomes these types of borrowers. Lump sum payment is one of the big causes why borrowers fail to settle all of the dues. Loan Lender provides various alternatives so that they can get out of debt. The lender has introduced a new type of loan for all types of borrowers: 12 month payday loans.
These loans are different from standard payday loans. The former requires borrowers to take out money in advance that they pay off in 12 equal monthly instalments. Due to longer repayment period, borrowers can manage to repay the debt. Each instalment go to the debt include both the principle and the instalment.
Loan Lender aims to provide these loans to help borrowers to tide over when they need money.
About Loan Lender
Loan Lender is one of the prominent direct lenders in the UK who provides all types of short-term loans such as text loans, doorstep loans, bridging loans, and self-employed loans. All these loans come with low interest rate and flexible repayments. The lender provides these loans to all borrowers regardless of their credit history.
For more details please visit: http://www.osmoney.co.uk/