Unsecured personal loan

When browsing financial options such as fast loans, you’re likely to encounter two main types—secured and unsecured personal loans. The key difference between them lies in collateral. Secured loans are linked to an asset or property—like a home or a vehicle—while unsecured personal loans aren’t tied to any collateral. 

This is important information to know whether you’re in search of a quick loan, a short-term loan, or an installment loan. 

The good news is that instead of going through lengthy paperwork and long waiting times, online loans now allow you to access both secured and unsecured loan options with more flexibility. But even with the convenience online loans offer, we at MONEYME Finance understand how overwhelming it could be to sift through all the options manually to single out one that suits your needs. 

We’re here to simplify the process of finding the right loan. Our service helps you find a suitable loan offer within just a few minutes, and you could also receive a decision on your application quickly. 

At MONEYME, we understand that the need for unsecured personal loans could arise from various circumstances. For example, you might need an unsecured loan to manage a major life event, such as a wedding or a significant family celebration. 

The answer to your question, “Do I need proof of employment for unsecured personal loans?” often depends on the specific lender’s requirements. Some lenders may need proof of employment to ensure your capability to repay the loan, while others may focus on your overall creditworthiness. It’s important to understand the specific rules set by each lender before you take out a loan.

Although each lender operates within its own distinct framework of rules, a few common standards generally apply across the board. First off, you should be at least eighteen years old and have an active checking or savings account with direct deposit. It’s also usually a requirement that you earn a monthly income of no less than $1,000. 

You can typically use unsecured personal loans for various purposes, including big-ticket purchases, as they could be useful in breaking down the cost into more manageable repayments. 

Before taking out a loan—regardless of your purpose for getting one—it’s wise to assess your financial situation, budget, and ability to repay the loan on time. It’s also helpful to ensure that you understand all the terms and conditions of the loan and consider alternatives, if applicable, first. 

At MONEYME, we could help you find a suitable personal loan so you don’t have to painstakingly sift through countless loan alternatives by yourself. If you’re eligible for a loan and wish to apply, start by providing us with your details. Type in how much money you need and your personal details into the short application form. Then, provide us with your contact information and details of your income. 

Once we’ve got all the info you’ve given us, we will try to find a suitable loan offer right away. If we successfully find you a loan, we’ll let you know ASAP, so you can start making your plans a reality. 

We won’t oblige you to accept the offer we present you, but if you want to proceed, we will refer you to the lender so they could finalize and accept your application. If all goes well, it’s possible to receive the funds in your bank account as soon as the next business day. 

No need to endlessly browse through unsecured personal loan options anymore now that you know how MONEYME could help you find the right loan. Get started with MONEYME today!