To qualify for unsecured loans you just need to prove your employment status. However there are a number of guaranteed unsecured loans quick low rate options for self employed, unemployed, freelancers etc. You don’t have to deal with any credit check, tedious documentation or embarrassing interviews with loan officers. Guaranteed unsecured loans mean no risk to your personal assets and absolutely no waiting periods!

However, this loan offers a limited amount which starts from £1,000-£25,000 and for a fixed repayment term. The repayment period is decided at the time of approval of the loan which is restricted between 1-10 years. Additionally, during the tenure, the rate of interest continues to be fixed. What makes this type of loan unique is that it is a risk free loan plan for the tenants since they are free from placing property. The lenders bear the entire risk. A borrower can apply for this loan through the online means. One can use it for various purposes like buying a car, weddings purposes, holidays, higher education or debt consolidation.