Borrowers are more likely to pay if their personal property is at stake. As a result, secured loans tend to come with lower interest rates.
And borrowers are usually able to take out higher amounts of money with a secured loan. Unsecured loans do not require any collateral. Borrowers are essentially promising lenders that theyll be able to repay their loan in full.
Lenders tend to see unsecured loans as riskier investments, so unsecured loans tend to come with higher interest rates.
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Apply for an unsecured loan with EC Loans and get the financial help you deserve. We dont care what you credit situation is; we are committed to finding a loan that will get you one step closer to financial freedom. How does the loan application process work.
At EC Loans we believe that it is the duty of the financial institution providing unsecured loan opportunities to ensure that the applicant can, realistically and legitimately, repay the loan they apply for. Our vision is to aid and educate as much as we can when it comes to alleviating bad credit. We aim to facilitate the journey towards regaining financial autonomy and freedom by providing loans, advice, and guidance on how to get rid of debt and maintain good habits when handling ones finances.
Loan citibank personal loan repayment statement as offered by Registered Credit Providers.
Minimum period offered by registered credit provider(s): 12 Months Maximum Period offered by registered credit provider(s): 84 Months Loan Types: Secured Loans, Unsecured Loans, Cost of credit and Application Requirements. Our financial service(s)credit provider(s) offer between R1000 and R100 000,00 loans and are the best method of attending to an unforeseen financial event.
Repayments are also tailored to suit your budget and your personal needs, they are also dependent upon your affordability and credit criteria.