Have you been rejected by banks and other more traditional institutions despite a good financial situation and excellent credit rating? Do you think an alternative lender works only with people who have bad credit?
If you think so, you should be happy to know that the terrain of unsecured loans is changing. The era of high unsecured loans has arrived and people with good credit can now be approved for large amounts without having to go through a bank and give guarantees.
Banks often take a close look at potential new borrowers and find it risky even if they have good credit. The alternative loan industry has witnessed the problems that borrowers with good credit are experiencing and eventually put down.
How do unsecured personal loans work?
These high unsecured loans do not require collateral; they are allocated according to the borrowers’ credit rating, credit history, income and general financial position. While it may seem difficult to obtain such a loan, it is quite the opposite. If you have an excellent credit rating, this is definitely a type of loan you should look for, especially if you have been rejected by the banks.
The good thing about an unsecured personal loan is that it can be used for just about anything, including the following things:
- Buy a new car
- To go on holiday
- Reimburse the high interest of a credit card debt
- Getting in the money for a house
- School expenses or tuition
- Debt consolidation
There are several lenders who wish to help borrowers with good credit with high unsecured loans. You now have more options, and most of the time with good interest rates and terms in your favor.
Who can qualify?
Anyone with a good credit rating and income can apply for a high non-guaranteed personal loan. The approval process may vary from one lender to another. Despite a guideline that most lenders follow, everyone will usually have their own demands and prerequisites that you will have to meet.
These loans are specially designed for people with a good credit rating. Unfortunately, if yours is rather low, you will not be approved. But do not be discouraged, there are countless other solutions for people with bad credit.
Who are the lenders?
The lending industry sees both seasoned alternative lenders changing their qualification criteria, as well as introducing new lenders. Senior alternative lenders are moving beyond their comfort zone and improving their services and making their reach more accessible. Newcomers to the industry, those primarily active online, also make things tremble. In addition to all that, no matter what you are looking for or who you are, PrêtQuébec can help you find the best lender at the best possible price.
Where to find these lenders?
We can help anyone wanting to be approved for a high non-guaranteed personal loan, go through the process, complete the application and find the ideal lender for everyone’s needs. If you are looking for a high loan but have had the feeling that no one would want to lend you $ 30,000 unsecured, you are enlightened. These loans exist and you are just a few clicks away from being approved.