Personal loans are available for home
renovations, landscaping, travel, debt consolidation or deposit gaps for new property purchases.
This loan is available for purchases
that are too large for a credit card and are not quite large enough for a mortgage increase.
Personal loans can be secured
or unsecured.
Secured loans are available
where there is an asset available which helps reduce the rate.
Unsecured loans can
be provided quickly as long as the following key elements can be presented properly to a funder:
1. Residential status
- strong unsecured personal loan applicants will have a stable residential record with three or more years at the same address
2. Income
- a strong applicant will be in full time employment, for self employed applicants they must be have more than 12 months and
must have tax returns.
3. Employment
history - strong unsecured personal loan applicants will be in full time employment with three or more years with the same
employer.
4. Credit
history - a strong applicant cannot have any adverse records with Veda or Baycorp.
