About Secured loan
A secured loan is an installment loan that is backed by collateral, such as a car, savings account or another asset. If the borrower defaults on the loan, the lender can seize the asset to cover all or a portion of the balance.
The primary advantage of a secured loan is that you can generally gain access to more money, because you're backed by the security of your assets.
Since secured lending products require collateral, the approval process can be longer as the collateral must be processed and verified. This initial due diligence can be worth the extra effort since you'll benefit from lower interest rates.
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Features and Benefits of Loan
Turn that IOU into some cold, hard cash.
Speed
As Soon as 24 Hours
Flexible payment options
Manageable payment terms from 36-120 months allow you to customize your loan payment amount
Enjoy the best rates
ACL offers lower interest rates on secured loans than on unsecured personal loans, with rates as low as 3%
Simple application process
Let us know you want a secured loan while completing a free no-obligation loan quote and find out how much you could qualify for.
Eligibility Criteria for Loan
Any self-employed or professional Public and Privat companies, Government sector employees, business owner, Private sector employees is eligible for an unsecured personal loan.
Age
Maximum age of applicant : 70 years
Minimum Net Monthly Income:
$ 2,000
Credit Rating:
Applicant should have the specified credit score of 300 or higher
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Documentation
The following documents are required along with your secured Loan application:
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Personal Identity proof (copy of Government-issued ID - passport/driver’s license)
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Proof of age
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Proof of residency (Utility Bill-Light,Water or Mobile)
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Personal financial/bank statement
Fees and charges
Applying is free and it won't impact your credit.
Below are fees and charges that you may be required to pay:
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Types of fees
Charges applicable
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Interest rate
Up to 2% -5%
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Loan statement charges
NA
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Interest & principle statement charges
NA
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EMI bounce charges
$100 for every bounce
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*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges
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Frequently Asked Questions
We are almost ready with your Frequently Asked Questions. Already we answered all question please check below.
Anytime Cash loan llc(ACL) is the provider of business and personal financing in the USA, UK, CANADA, mainland Europe and Australia. We use a simple online application to determine the financial health of your business and let you know how much finance you can access. This allows us to approve unsecured loans to qualifying firms. ACL lends from its own balance-sheet.
ACL uses unique credit technology to form a deep understanding of the financial condition of a business and lends from its own balance-sheet. This approach enables us to make quick, sound decisions.
We provide our customers and partners with a quality service because:
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We listen to our customers' stories and understand their challenges.
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We are real people who take the time to build relationships.
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We have a wealth of financial knowledge and experience within our team.
A secured loan is a loan backed by an asset, so that in the event the borrower defaults on the loan, the lender can seize the asset in lieu of payment. The asset used to secure the loan is known as collateral.
Yes, people with bad credit can get personal secured loans. Depending on the type of secured loan, interest rates may be higher than you expect. For example, title loans are generally geared towards borrowers with poor credit, and so charge higher interest rates than home equity loans.
Secured loans are easier to qualify for than unsecured loans, especially if you have no or bad credit; they are also sometimes cheaper in that, as they are considered less risky, you may qualify for lower interest rates and more preferable loan terms than with an unsecured loan.
No, you are not charged any extra fees when you repay early. We don’t penalise you for early settlement.
ACL abides by the Data Protection Act 2018 (‘Data Protection Act’) and all other relevant USA and European data protection and privacy laws.
All data electronically transferred between you and ACL is encrypted, using one of the strongest forms of encryption available commercially. We are committed to keeping your data safe.
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Fulfil your dreams to lead the life you want, the way you want with our secured personal loan! Download loan forms now!
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