An unsecured loan does not require any type of collateral and is supported only by the borrower’s creditworthiness. Due to the lack of added security that collateral offers, unsecured loans are contingent on the borrower’s credit history, debt-to-income ratio, and the borrower’s ability to make monthly payments.
Unsecured loans are typically a form of installment loan, which is one that is repaid with interest over time in a set of pre-determined installments. The length of an installment loan is dependent on how much money is borrowed, as agreed upon in the contract. Western Shamrock offers traditional installment loans in varying amounts based on applicable state laws. These loans can be granted as secured or unsecured, depending on the needs of the applicant, his or her creditworthiness, and the availability of collateral.
Applications can be started either in-branch or online, where you can expect to provide basic information such as name, address, birth date, loan amount, military status, and employment history. If completed online, then your application is sent to the nearest local branch where a representative can contact you in as soon as half an hour to continue the application process. If offered a loan, the applicant must come into branch to sign documents and complete the process. After the contract has been signed, then the borrower will receive a check for their full loan amount.
We understand that applicants are more than a credit score. Western Shamrock considers an applicant’s credit history, debt-to-income ratio and employment and residency stability within its loan eligibility factors. We want to help you acquire the funds you need.
Western Shamrock customers are welcome to begin their application online or drop into any location during business hours. Our resourceful team can answer any questions that you have about the lending process and assist in getting the application process started. We accept payments in the form of cash, check, money order, and debit card in-branch. Now is the time to check out what Western Shamrock can offer you and get started on your loan application.