In a small corner of the lending world is a small niche. This niche specializes in providing instant decision unsecured loans. These type of loans are for people who urgently need cash in the form of loan finance and do not have the time nor the inclination to follow the conventional borrowing route that can easily last over four weeks from start to finish, and in some cases even longer.
Instant decision unsecured loans however are not a universal panacea. They usually charge slightly higher rates of interest and also carry charges associated with the borrowing of the money. They therefore fit into the definition of a genuine niche product. Perfect for those who need them, irrelevant to those who do not. You make your own choices in these matters.
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