Lenders Club Launches Guaranteed Loans for Unemployed in a Recent Event

Posted October 20, 2018 by lendersclub

Lenders Club is an online lending firm in the UK. It provides loans to the people sometimes even without income status, good credit scores and no guarantor.

Lenders Club introduces guaranteed loans for unemployed people in its recent event. The event was organized by the company to provide financial literacy to the newly joined staff. Amidst the event, there was a launch of this loan product as discussed. Guaranteed loans generally come with the confirmed approvals. Unemployed loans suggest that there is no need of income status to get these loans. Experienced Financial Analysts were the chief guests of the event.
Chief Financial Officer, Mr. Kim Smith, of the company, come forward on the stage and speaks about the launch. He said, “This is a new launch which secures the lender and borrower interest both.” One of the chief guests raised his hand and said that how can a lender be secured when there is no income status asked from the borrower? The CFO replied with the peace that the company will ask for a guarantor or any collateral to secure the approval. One of the financial leaders stand out and asked that how can you expect a guarantor or security from an unemployed. He replied that the value of the collateral is fixed. It can be 50% value of the loan, which is generally 200% value of the loan. There is no leverage in the case of a guarantor, for that the borrower has to do efforts.
To explain the details of the loan policy, CFO called its junior on the stage and he started telling the procedure and benefits of the policy. A person, who wants to get a loan has to fill up an online application form, which is available on the website of the Lenders Club. The collateral or guarantor section is mandatory if you are applying for the guaranteed loan. Submit the application and the financial representative will come in contact of the borrower.
The approvals are secured and comes within a day. The interest rates are reasonable and there is no application fee charged from the borrowers. There is no need of broker to come in contact with the company which saves your fee. The overall procedure is online which saves your time and efforts as you do not need to come physically to the lender. The customer support service is 24/7 available, you can contact any time.
Everyone appreciated the policy and the chief guests even clapped for it.
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Issued By Lenders Club
Phone 02475070018
Business Address 326 Holyhead Rd,Coventry
Country United Kingdom
Categories Finance , Legal , Loans
Tags loan , finance , unemployed loans
Last Updated October 20, 2018