Solution Loans has been a trusted provider of cash loans with competitive terms and high approval rates since 1996. Why wait days or even weeks to get a credit decisions. The process is fast and you can get a decision on your loan as soon as the same day, often within minutes of completing our form.
Privacy Is Our Policy. Our company is committed to protecting your information. We use a 128-bit SSL encryption so the information you share on your request is protected. We treat your information like our own.
Everyone wants to keep their information safe and secure, which is why we use the same security protocol to protect your information and our information.
In addition, you can be very much sure of your privacy, that we never share customers personal information with any third party without their permission.
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A line of credit is basically the maximum amount of credit a bank or loan institution will extend to a borrower. If you have a 10,000 line of credit and you have already borrowed or still owe a balance of 5000, you are still eligible to borrow the remaining balance until you have reached your credit maximum (in this scenario - 10,000). You do not have to keep applying for a new loan, they will simply give you access to the maximum allowed on a continuing basis.
How is loan eligibility determined. Loan eligibility is primarily determined by your credit rating, which is based on your credit history, and is tied into if you pay your bills on timelike credit cards, utilities, etc. Eligibility can also be influenced by things like employment stability, housing stability (how long have you been in the same place) and, of course, your income.
The higher your rating means a better chance, and friendlier terms, like lower interest rates, because you are considered lower risk. What is personal loan for self employed in uae interest rate. Simply put, an interest rate is the amount at which a lender charges you to use their money or credit.