L O A N

A loan is a type of debt. All material things can be lent; this article, however, focuses exclusively on monetary loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. A borrower may be subject to certain restrictions known as loan covenants under the terms of the loan.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding. Bank loans and credit are one way to increase the money supply.

Legally, a loan is a contractual promise of a debtor to repay a sum of money in exchange for the promise of a creditor to give another sum of money.

Unsecured Loan: Helps Secure What Gets Financial Obscure

Most of the people prefer optimising financial facility of loan on the basis of its feasibility. You can see that there is a variety of borrowing options around in the money market. And most of them are attached with some or the other sorts of security-backing. In such cases, the people having incapability to produce any worth asset as of security for the loan repayment find hard managing finance from outside in the financial market. Still, you have chance of availing a hassle-free financial help with an unsecured loan. You do not have to place any of your worth asset to secure funds. More so, the loan does not involve you to face the risks of collateral repossessions. This is why such loan is the best option for tenants as it does not acquire any property to pledge as the collateral. Even homeowners, who do not want to put their property at risk, can also go for the loan.

You can meet any range of your personal requirements like home improvement, children’s educational expenses, medical expenses, wedding and holiday expenses, debt consolidation, and several other miscellaneous expenses. For all this, you can get privilege of securing an amount anywhere from £5,000 to £25,000. Later, you are subjected to make the loan repayment within six months. The reason for its short-term repayment is chiefly because of the absence of pledging-placing. However, in some special cases, lenders can extend your loan reimburse period further for 10 years maximally.

A good credit holder is always preferred by the lenders as dealing with. Good credit holder is free from the doubts regarding the repayments of the loan money. You can get an unsecured loan even in your bad credit record. Your potential to repay the amount of the loan can bring a good business for you only. But they may have to pay a relatively higher rate of interest.

For entire of loan processing, there is a vast market available over the country. You can access to these lenders online too. It is important for you to go for a detail before you actually make the deal. For, online research can optimise a good business for you. An online search will let you get a perfect borrowing option. If you are in urgent need of instant fund and do not have an apt worth asset to put as of collateral, then an unsecured loan can do a great business.

About the author:Andrew Baker has done his masters in finance from CPIT. He works for the UK finance world for any type of loans as Unsecured Loan, loans, unsecured loans, secured loans, debt consolidation loan, mortgage please visit http://www.ukfinanceworld.co.uk/
Article Source: http://www.Free-Articles-Zone.com

Glossary

Acceptance Letter

After you collect your sanction letter, you should, if you accept the terms of contract, communicate your willingness to accept the loan by way of an acceptance letter. You should do it within a particular time-frame which may vary between 1-3 months from the date of the sanction letter.

ADR

An acronym for American Depository Receipt. Currently popular because of the rush of Indian firms to issue ADRs. Technically, it is an instrument traded at exchanges in the US representing a fixed number of shares of a foreign company that is traded in the foreign country. By trading in ADRs, U.S. investors manage to avoid some of the problems of dealing in foreign securities markets. The ADR route enables companies to raise funds in the U.S. financial markets, provided they meet the stringent regulatory norms for disclosure and accounting.

Amortisation

Reduction of an amount at regular intervals over a certain time period. Usually, refers to the reduction of debt by regular payment of loan installments during the life of a loan. Also describes the accounting process of writing off an intangible asset.

Annuity

A series of payments of a fixed sum at regular intervals.

Borrower category

Defining the status of a borrower as salaried or self-employed.

Close relatives

As per section 6 of the Companies Act, a close relative acceptable as guarantor is any of the following: Father, mother (including step mother), son (including step son), son's wife, daughter (including step daughter), son's son, son's son's wife, son's daughter, son's daughter's husband, daughter's husband, daughter's son, daughter's son's wife, daughter's daughter, daughter's daughter's husband, brother (including step brother), brother's wife, sister (including step sister), wife/husband and sister's husband. However for consideration of these relatives as guarantors for the loan they should comply with the age and other norms of the company.

Down payment

Money paid up front to make up the difference between the purchase price and loan amount.

Estimation

Estimating the value of the asset, especially if the asset is property that is not newly developed. Same as Valuation.

Fixed installment

Payment of fixed installments over the tenure of the loan.

IRR

Internal Rate of Return or the IRR is a measure of cost of capital and the earnings from the cash flows to be made on the loan disbursed.

Banks Providing Personal Loans in India

Here is the list of banks providing PERSONAL LOAN in INDIA.

ICICI Bank
www.icicibank.com

HDFC Bank
www.hdfcbank.com

HSBC
CitiBank
Standard Chartered
Kotak Mahindra Bank
SBI
Bank of Baroda
Punjab National Bank
Canra Bank

Will keep on udating the list...

Information about Loan Providers in INDIA

If you are looking for some information on Personal Loans or any sort of loan you can visit the below mentioned website.

www.apnaloan.com

Apnaloan.com provides you the best loan options by giving you comparative analysis of all the banks in one single go.

Check it out to know more.

Get Car Loans: To Make A Driving In Your Dream Car A Reality

What a pleasure it was to buy car! When a time comes to buy a car, you make assiduous action to secure your dream car by financing. To the prospect, you can get car loans. These financial provisions are special financial configuration for people find themselves unable to manage money to avail vehicles.
In general, loans of any class are modified and made so much feasible that a large range of borrowers can be benefited. For the purpose that these money provision are formatted into secured and unsecured form. Norms are juxtaposition to it derivative meaning. Secured money provisions are made secured by placing of worth containing asset. The worth asset can be anything from your home to important business papers. On the calculated value of the offered collateral, amount of money is sanctioned to you. Much feasibility still is available even for those who are not able to manage security affair for the loan repayment. People like these can take out unsecured loans. These loans are obtained without any sort of pledging placing. For the reason, such loans open ways for a great range of borrowing class.
Amount and granted under the provision varies from person to person and lender to lender, so do the rate of interest of car loans. factors are more or less the same as model of the car, your mode to finance availing, repayment stipulation, your current circumstances etc. however, in general, up to 90% of the value of the vehicle is sanctioned without much hassle. In some special conditions, this percentage can go up to 95% too.
Really is the good news for individuals in bad credit situations. People with multiple debts, bankruptcies, repossessions, and other financial anomalies, too can get car loans. Condition availing for the fund differs according to different cases.
Money market has various financial solutions for you. You need to cull out options as per your requirement. Further, presence of online and offline availability of car loans has made accessing fund rather simpler for the prospective borrowers. As online method works round the clock, you can take subscription of these loans from anywhere at any point of time.With the fund, you can take a real drive in your dream car.
Article Source: http://www.ArticleBlast.com
About The Author:Kevin Clark is a financial analyst at Get Car Loans. In recent years he has taken up to provide independent financial advice through his informative articles. To find get car loans, bad credit car loans, car title loans, used car loans that best suits your need visit http://www.get-car-loans.net

Importance of Teenage Personal Finance

So you have your first after school job! How exciting! But before you start reveling in this newfound financial freedom, you need to start thinking about teenage personal finance. Even teens need to take advantage of personal finance tips, so they do not waste all of the money they are earning!
Importance of Learning Teen about Personal FinanceYou are going to enjoy having money of your own! Now you do not always have to beg money from your parents when you want to go out! But chances are you have no idea about saving. You have not been taught important personal finance savings tips, and you do not realize that you should start saving money, even now. Learning how to manage your personal finances is one of the most important things you can learn. Your college education and retirement may seem like they are light years away, but you need to start to organize and manage personal finances now to plan for these huge events in your life.
Problems Teens Face With Their Personal FinancesThere are some problems you are going to face when it comes to teenage personal finance planning. Let's face it-there are so many things out there to spend your hard earned money on! It feels great to have your own money to spend however you want, and you have plenty of ideas how to earn it.You, as a teenager, are impulsive. This means that you do things on the spur of the moment without thinking about them. Spontaneity is part of what makes being a teen so much fun! But when it comes to your money decisions, this is a bad thing, because you waste it very quickly. Perhaps you have already realized that as soon as the money hits your bank account, it is gone!Do you want to buy a car? Do you have a particular model in mind? If so, you need some money to use as a down payment for that car! If you do not plan the use of your money, that car is a dream you will never achieve.In order to be successful with your money, you need to plan. You need to stop spending every cent the moment you get it, so that you can make larger purchases in the future. This is not easy to do! But with a plan, you can start saving money, even now!
Continue to Personal Finance Tips For Teenagers

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Expert Tips for Getting Personal LoansInformation to Help You Select a Personal Auto Loan
Personal Finance - Planning the Use of Your Money

Taken from www.iseekloans.com

Defaulted Student Loan

Today we see that Colleges charge has increased so much so the bank's and even the institutions of learning provide loan options to people who want to study to get the education to fulfill their desire.

It is not possible for every person to bear have higher education comfortably. It may be that you have got a chance of admission in your dream university but money comes in your dream's way. College student loans prove to be the best way to come out you from this situation.

COLLEGE LENDING SOLUTION offers you different programme and techniques to get an educational loan in easy way. We provide our services with balance discrepancies, incorrect interest rates, IRS offsets that have not been reported as payments, identity theft and school closures.

Our schemes and plans are designed keeping the needs of college students in consideration. Your needs weather it is related to the annual fees, the lodging and boarding expenses and the cost of technical tools if required, we have the complete solution for you.

We advise our clients to consolidate all their student loans so that they can have one loan, one low payment and one servicer. We typically lower monthly payments by 50%.We offer these loans with unique plans because of the ease and speed of application and approval procedures. With us you will definitely find it easier to offset the costs of your education with a loan while you study hard to improve yourself with your hard work. At the end of the educational period you will benefit a whole lot more than you would if you took out the loan to buy a car or a house.

Article Source: http://www.ArticleBlast.com

About The Author:

College Lending Solutions is the industry leader in helping defaulted student loan borrowers get back on track. We advise our clients to consolidate all their student loans so that they can have one loan, one low payment and one service.
Defaulted Student Loan

Business loans for bad credit

We all see dreams which we want to fulfill and we do lots of hard work to come true our dreams. But sometimes financially we are not able to fulfill our desire. In case of financial problems we go for loans to rescue ourselves from that situation. It is really unfair that the people with adverse credit can not get loans.

Mostly people think that getting loan is a long, drawn-out and stressful procedure.. The quickest way to avail the loan money is to apply online.

FREEEDOMLOANS offers quick loan processing with our exiting schemes. The borrower gets money within the shortest period of application. Generally, the loan which we provide is deposited into a checking account usually within one business day or sooner. It is almost impossible to get a good finance source if you have a poor credit history on your back.

Today there are several types of loans such as home loan, personal loan, vehicle loan, marriage loan or educational loan, etc.By these loans we can take some cash or buy products and services, as per our financial requirements.
Whatever the type of loan is, loans are grouped into either of the two categories - unsecured or secured loans.FREEDOMLOANS always provides loans with easy payback installment

We give you the best services in bad Credit Loans Documentations. We help the people who unable to improve their income. We have a detailed knowledge and understanding of lending products and strategies to understand your financial situations. We help our clients in difficult situations every day and help them face up to their current situation and tailor a strategy to clean their financial situation up over a period of time to getting them back on their feet and conducting their financial affairs in a way that will allow them to move on with their lives

For more details you can send an E-mail us at:-

http://www.freedomloans.com.au/

Article Source: http://www.ArticleBlast.com

About The Author:

Freedom Loans is an Australian-owned company that has been operating since early 2003. We specialize in helping clients that have difficulty obtaining the funds they deserve.

Bad Credit Personal Loans: Equip You To Meet Your Expenses

If you are having problems with a bad credit rating or your personal circumstances are making it difficult to obtain a loan or other form of credit, then stop worrying about. Help is at hand. You can have bad credit personal loans. Specially designed these money provisions cater your miscellaneous expenses to meet your demands as per your requirements.

Generally, it is problematic for the people having poor credit to secure any financial service. Market goers i.e., borrowers, get confused whether to buy on the rumour of uncertainty and sell on the news. Depending on which way the wind is blowing, borrowers take their decisions. The financial atmosphere is hot. Lenders have responded positive by reining in risk in your portfolios. Providing yet better financial feasibility, bad credit personal loans come in secured and unsecured forms. Homeowners have good chances of obtaining secured loans while tenants and non-homeowners, self-employed, cultivators etc., find a way out of securing unsecured loans. People having capacity to place worth asset as of security have an edge over those do not have any asset to be pledged. On the assessed value of the placed item, a good amount of money is sanctioned to the borrowers. Pledging placing of an asset proves a borrower's loan repayment security that is why these loans are obtained on cheaper rates. You get small amount of money for a short period under the unsecured money provisions.

Bad credit personal loans are especially designed for those borrowers who are carrying a low credit score or credit rating. These loans have dynamically drafted for those who are suffering with critical financial crises. With the help of such money assistance, you can fund for some health related issue, for the medications, home improvement, children's education, one's dear funeral etc. you can even invest the amount on the consolidation of your multiple loans too. By eliminating your pending liabilities, you can make your life free from bad credit malaise.

Article Source: http://www.ArticleBlast.com

About The Author:

Celeste Parker has been associated with Personal Loans for Bad Credit. Having completed her Masters in Finance from Cranfield School of Management. She provide useful advice through her articles that have been found very useful. To find bad credit personal loans, unsecured personal loans, personal loans for bad credit visit http://www.personalloansforbadcredit.co.uk

Pre Approved Loans

Have you ever received a mail saying you are qualified to get a loan? You would have wondered how you got qualified without any prior test. It is the business stunt of the loan provider to entice you to take up a loan .How your name would have included in their data base? What made them to invest trust in you? Read on the article to get more information.Read on…
· What are pre-approved personal loans?
· Differences between pre-qualification, pre-approval and loan commitment
· Tips on getting pre approved for home loan
· What happens before the loan approval?
A personal loan is a fixed amount of money that an individual would borrow from a bank, a lender, or a building society. The repayment terms are also worked out by which the borrower makes a monthly payment to repay the loan. Pre approved personal loans are those loans that have been pre-approved by a lender after first taking a good look at the borrower's credit rating, and his monthly income.
Signal Differences between Pre-Qualification, Pre-Approval and Loan Commitment
Most buyers of homes would be hearing these terms often while searching for a home:
· Pre-Qualified
· Pre-Approval
· Loan Commitment
Although related these three terms indicate a different level of approval of the pre approved loans, by the lender. These terms have been known to confuse real estate agents themselves, and so too buyers and sellers of homes.
Pre-Qualified
You can either choose to be pre-qualified by an agent, by a lender, or you can choose to do it yourself. The term pre-qualified means having someone take a good long look at your expenses and income, and plug the data into a kind of formula signifying debt-to-income ratio. Pre-Qualification of pre-approved personal loans does not typically mean an in-depth analysis of your ability to buy a house, and of your credit report. It is just that pre-qualifying yourself before you start your search for a good home, would give you a general idea of the price range you can afford, and within the limits of which, you can conduct your search for a good house. The fact that it will not work out a rate of interest for you, and other factors, could affect the monthly payments that a bank would be allowing you to carry.
Pre Approval
When you have been pre approved for a mortgage, it only means that a lender has first looked closely at both your income and your credit report, and then approved your application for a pre approved personal loan. The lender would then sit you down and inform you about the maximum amount of pre-approved personal loan on offer, which type of loan programs would be ideal for you, and about the varying rates of interest charged on these pre approved loans.When you have been pre-approved, you can go home-shopping, confident about the buying power that you have, but this in itself does not mean that the pre-approved personal loan application has been approved by the lender. A decision regarding that would be conveyed to the borrower, only after the home itself has received the stamp of approval.
Loan Commitment
Here, a lender will be issuing a loan commitment after he has approved both you and the house. The lender's guidelines must be met while appraising home and this usually includes a condition that that the house requires to be appraised at or at a higher rate than the sales price. But the bank considers price to be just one aspect of the house. In case you, the borrower, defaults on repayments of the pre approved loan, and the lender might have to consider foreclosure, the bank would want to be sure of the appraiser's assurance that the property could be sold within a reasonable period of time. For example, a comment from the appraiser like observed a crack in the home's foundation would raise a red flag for the lender, who may then want you to conduct a structural inspection. Or if there is a comment that the home is accessible only by means of a 4-wheel drive vehicle, the bank would want further details on ongoing road maintenance. In fact, many banks would usually first verify that a signed road maintenance agreement has been effected, before giving their approval for the pre-approved personal loan.

Taken from www.iseekloans.com

Types of Personal Loans: Explained

If you are planning for a personal loans, it is prudent to know the types. This will enable you to find the best matched loan for you. There are secured and unsecured loans .It is advised to focus carefully on the merits and demerits of the loan before you opt for it. This article will be instrumental in your pursuit. Happy reading.This article covers
· What are the types of personal loans?
· What are secured and unsecured loans?
· What are Short term personal loans, fast cash advance loan etc
· What are no credit personal loans?
Let's begin by defining a personal loan .A Personal Loan is what you borrow from a bank, or a building society or institution, or from any other lender as a lump sum of money. It would ideally be the best option if you are looking to consolidate all of your debts into one, so that you could reduce overall the amount of monthly repayments on the same. Short term personal loans, secured personal loans, fast cash personal loans, no credit personal loans, military personal loans, second chance personal loans, Christian lending personal loans- all these are available to a person who is looking to borrow money between one and five years. There are basically Two Types of Personal Loans. They are:
A Secured Loan
Wherein the loan involves the attachment of collateral - say, your property or any fixed/movable asset- against the sum of money borrowed. You risk losing your home should you default on repayments.
An Unsecured Loan
Here the loan is not secured against the loan amount borrowed. But consequently the lender would be charging a higher rate of interest, taking into account the high risk involved in lending the sum. Here, failure to make regular payments would see the lender fall back on the credit agreement, and resort to legal claims to make good the loss incurred.When you apply for either of these loans, you can expect the lender to conduct a credit worthiness check on you before he actually gives you the loan. Usually, failure to be granted the loan would be on account of previous records of defaults in payments, accumulated mortgage arrears ,cancellation of your credit card and rejection of application for credit. Should you receive the loan however, it would be sensible to opt for a payment protection policy that could cover your loan payments in full, and ensure peace of mind.
Short Term Personal Loans
Short Term Personal Loans can be got through banks and online financial companies, and a wide variety of other sources. With such a Short Term Personal Loan:
· The rate of interest involved is usually high. This is because the period of repayment is usually for a short time. Such types of short term personal loans have to be beneficial to both the borrower and the lender, and high rates of interest are one of the ways by which a bank or a financial company stands to benefit.
· This type of short term funding is often utilized to help individuals who are in need of varying sums of money for a short period. Many of the lending companies usually provide for such a loan, and also stipulate the maximum amount of money that can be borrowed under such a circumstance.
· Banks, while giving this type of short term personal loan, usually require collateral, before disbursing the same. Online financial companies only require a credit check, but lend very small sums of money. Banks do not offer more than $15, 000 or $20, 000 dollars as well, and individuals seeking larger sums of money, would have to tap other sources for funding.
· Because of the negative and positive aspects of short term personal loans, it is recommended that the individual does his research thoroughly, before he applies for funding.
Fast Cash Advance Loan
Sometimes, you may be in need of a quick payday loan, so that you could meet an unexpected money crisis. Car repair and other unexpected bills usually occur at inconvenient times. In case you do not have the extra cash to meet these unexpected expenses, you could really consider applying for a cash advance. A Fast Cash Advance Loan:
· Is similar to a bank loan- only cash advances are a lot easier to qualify for, and enjoy a shorter term. Chances that your application for a bank loan may be denied are high as banks have a requirement of sufficient income, a collateral and good credit rating.
· Has a two week term. Therefore your loan is due along with your next paycheck.Requires that the applicant must be at least 18 years of age. The cash advance company would also be checking out /confirming your salary and employment. While the company is keen to help you out, it also wishes to satisfy itself that you can repay the loan.
· Renders you eligible to receive funds up to a maximum of $1000, with a cash advance. Some companies allow larger sums to be borrowed.
· Typically fast cash advance loans are due within the period of two weeks. Taking the circumstances of the borrower into consideration however, some cash advance companies would expect that at least half the loan amount will be repaid in two weeks, and the balance in a month. Such loans are called 30 Day Payday Loans.
· But remember that before taking such a 30 day payday loan, choose a company that allows for long term loans, and do not assume that all cash advance companies would give long term cash advance. Far better to enter into a long term loan agreement, before taking the loan, otherwise you would have to pay extra interest and fees for the late period.
Military Personal Loans are easy for servicemen to get anytime. Military jobs involve good salaries and high status and sometimes these could complicate matters by incurring extra expenses.
A Military Payday Loan
· Is offered by military loan companies to help servicemen to buy a home or a car, or any other requirement that needs higher costs. These companies offer varying types of loans, for example, bereavement loan, career service loan, disaster relief loan, that are easy and at the same time affordable.
· Is specifically for men and women of the military and can be got by anybody in the military, even those with bad credit history.
· Can be easily obtained vide electronic transfer, after making the application online. This is one of the biggest advantages- that a military man can get his application wherever he may be.
· A second advantage would be the low rate of interest.
· The military man is given the choice of his own repayment schedule. If he cannot repay with one payday check, then he can do it with successive ones.
· If he wants cash instantly, but payday is still far, he can apply for funding of the Instant Military Payday Loan. Retired army servicemen usually apply for the fast cash loan, and retired military loans also do not discriminate between ranks of ex servicemen.

Taken from www.iseekloans.com

What is Personal Loan?

Many times you would have experienced financial crisis. During such events you would have borrowed money from your neighbour or acquaintance. These kinds of loans which are available in banks and other financial institution are known as personal loans .A personal loan can be a secured or unsecured one depending upon the company's practices, your credit history etc Have a look at more on personal loans from this article.This article covers

· What are personal loans?
· What are its uses?
· What are the types in it?
· Benefits of secured and unsecured loans
· Who will provide personal loans?
· How one can avail personal loans?

A personal loan is a sum of money that an adult person borrows to meet his financial needs and requirements. An individual can take an easy personal loan or a guaranteed personal loan for a variety of reasons. Loans for personal debt help provide funds to purchase that dream boat or car, pay for your mortgage arrears or home improvement requirements- in fact personal loans help meet most of the financial emergencies that an individual can think of.Personal loans are often the most preferred type of loan on account of their flexibility. The two most common types of personal loans are:
· Secured Loans and
· Unsecured Loans

Both these options are linked to the choice that one can use any fixed asset to serve as collateral to secure an easy personal loan.

A Secured Personal Loan Is Distinguished By the Following Characteristics
The loan that is secured against some sort of fixed or immovable/movable asset is known as secured loan.
This sort of guaranteed personal loans is easily available on account of the collateral that is provided alongside; thereby making the lending institutions more comfortable in forwarding the loan.
Secured personal loans involve rates of interest that are much lower and easy options for repayment.
Due to the collateral that is provided, banks and financial institutions usually are unperturbed by defaults in payments or by debts that are pending.
Secured personal loans are made available to the individual within a period of thirty days after submitting an application.

How Does A Secured Personal Loan Benefit the Borrower And the Lender?

1 Secured Personal Loans can be repaid over a longer period of time, with a lower monthly payment.
2. They are cost effective on account of the low rates of interest charged on the loan.
3. Since the loan has been secured by pledging the assets of the borrower, the risk to the lender's investment is greatly reduced.
4. Their easy availability is another factor. Very few loan applications for secured loans are turned down; since the loan would be secured on the strength of the borrower's assets

Is An Unsecured Personal Loan A Viable Alternative To The Secured Loan?

· In such a loan, the sum of money given by the bank or by the financial institution is not secured by any collateral.
· The financial institution gives the loan solely based on the credit worthiness of the individual concerned.
· As this loan is unsecured, the lender's risk in the investment is high, and therefore the borrower is charged a higher rate of interest than those applying for a secured loan.
· Apart from this, the lender also conducts a thorough check on the financial worth of the individual applying for the loan.
· While the loan amounts can extend anywhere between 500 and 25, 0000 pounds, the rates of interest are higher on account of the risks involved.
· These sorts of loans are usually reserved for tenants, for those persons who do not own homes, and for those who are not in any position to offer any collateral.
· Because there is no collateral to secure these loans, lenders are usually wary of giving large sums of money.
· In case of default on the part of the borrower, then the lender would have no option but to resort to the clauses of the credit agreement, and approach legal aid to help recover the money.

The Benefits behind an Unsecured Personal Loan

· There is no requirement of collateral, and the borrower need not pledge his assets to procure the loan.
· There is no necessity for documents regarding the borrower's tax returns, or for financial statements. The information on the borrower's financial background need not be verified by supporting documents.
· Quick approvals, and an easy application process, are other attractive benefits of this loan.

Taken from www.iseekloans.com