Disabled persons have to face many problems while surviving in this world. Their disability may be because of many reasons like blindness, hearing disability, lack of one hand etc. There can be both kinds of disabilities, mental as well as physical. Such persons have to be dependent upon different persons to fulfill their demands. They are either partially or fully unable to perform any job. Their earning is insufficient to meet their expenses. With the passage of time, their needs go up, whereas, the earning capacity diminishes simultaneously. Loans for people on DSS benefits have been specially designed for such disabled persons.
Generally, the disabled persons become dependent on the Department of Social Security. They get the benefits of this department regularly. The Loans for people on dss benefit are meant for such people. In other words, you can’t apply for such loans if you are not dependent on the benefits of DSS. You should be a customer of its benefits for the last six months. In addition to this, your monthly savings should also cross a limit of £500 so that you can repay the loan amount. As soon as the lenders confirm your eligibility, they approve your loan of the applied amount.
These loans are unsecured loans which are free from the requirement of any collateral against the loans amount. They can raise an amount starting from 30 pounds which can go up to 1000 pounds as per the paying capacity of the borrowers. The interest rate is also a point of ease as the rates are very cheap on these loans. This helps the disabled persons to raise funds without any worry.
The disabled persons can apply for these loans despite of their bad credit history. If they have got the worst ranks by the rating agencies then also they can apply for such loans.
These loans are approved very quickly as the needs of such persons may be urgent. There is also an option of online application for the comfort of the disabled person. This way, a full package of financial support is provided to the disabled borrowers with the help of these loans.