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Wedding Loans - A Gift for Your Wedding
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Posted On :
Oct-11-2010
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Article Word Count :
344
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Wedding loans acts as a backbone in times of urgent financial condition. Thus this instant cash can really provide much relief to the life partners.
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The most exciting and enlighten phase of ones life is the time of his wedding. Such occasions generally demand huge capital. Since the wedding day is already fixed, it becomes very vital to arrange for cash. For this purpose people keep on running to friends and relatives, but all in vain. It is ultimately for this purpose that the concept of wedding loans has come into picture.
Wedding loans are designed for marriage ceremonies. Bad creditors can also avail this facility. The advances are required for various purposes like expenditures on hall decoration, food, seating arrangements, lighting decoration, music, and so on.
Such credit is basically divided into two categories. They are secured wedding loans and unsecured wedding loans. Secured wedding loans require some property to kept as collateral, so as to get cash. They come with a lower rate of interest. You can avail an amount of £500 to £100,000. The repayment period is 1 to 25 years.
Unsecured wedding loans do not require any property to be kept as collateral. They have comparatively higher rates of interest. An amount of £1,000 to £25,000 is granted in such credits. Repayment period for the same is 1 to 10 years.
The most important benefit with such advances is that they do not require any credit check of a person. So your credit history becomes irrelevant as far as this credit grant is concerned. There is also a little disadvantage with such credits. If someone fails to repay the loan amount, the lender may charge a nominal fee or he may take a legal action against the borrower.
One has to follow the eligibility conditions to avail the advance:
• You should be a citizen of UK.
• You should be an adult i.e., 18 years and above.
• You should have a valid bank account.
Apart from this, these credits can be availed online. So you really do not need to bother for long queues. You can simply fill your application online and get the advance granted in merely short time.
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Article Source :
http://www.articleseen.com/Article_Wedding Loans - A Gift for Your Wedding_37204.aspx
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Author Resource :
Mark Broad has been associated with Easy Loans 4 Uk. Having completed his Masters in Finance from Lancaster University Management School. Click here to know more about wedding loans, bad credit wedding loan, secured wedding loans and unsecured wedding loans.
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Keywords :
wedding loans, bad credit wedding loan, secured wedding loans, unsecured wedding loans,
Category :
Finance
:
Loans
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