These are the types of loan products that when requested will always be availed, thus their title. It does not matter whether your credit status is bad or good, the loan will always be availed when applied for. Guaranteed personal loans can be used for a variety of purposes, for instance, they can be used for the purchase of a new home, flat, car, home entertainment systems, pay off the interest amounts accrued by your credit card, etc. If you are an enterprising person, the loan can be used as the start up capital. When you apply for your first guaranteed personal loan, the amounts that can be approved are minimal but if you proof to be diligent in your loan repayment installments schedule, the next time you apply for one, the loan amounts will be doubled or you will be given the amount of money you request for.

Guaranteed personal loans can be availed either online or by going to you banking institution and applying the traditional way. If you applied the traditional way, the processing inconveniences are a major hindrance to getting your loan quickly. This is all solved by applying for your loan online. Online loan application is very easy and anybody can be able to do it. All that is required is a computer which is internet connected. You are supposed to log in to the lenders website and filling in their simple online loan application form with the required information. Once the supplied information adds up, the loan will be waiting in your normal checking account. The required information include, your current employment history, your current monthly salary which should not be less than $ 1,000, your current residential status, your age which should be 18 years or more. Once you have fulfilled these simple online loan requirements, rest assured that the lender will honor your request as fast as they can.

You can apply for these types of loans in two formats; either secured, whereby you will have to pledge an asset corresponding to the loaned money as the collateral, or unsecured. In this case the loan amounts that can be advanced are limited to your monthly income and your repayment capabilities. The more you earn per month, the more money you can be advanced with. Guaranteed online personal loans normally have lower interest rates as compared to credit cards rates. Once your money has been approved, it can be deposited directly into your checking account or in some cases, the lender can mail a check to you using the physical mail address that you provided.

There are many lenders offering this service, so before you settle for a specific one, do a thorough research and compare their different rates. You can compare and contrast on the various loan deals on the offer by the use of online loan calculators. The calculators are readily availed by the lender for this purpose. Settle only for the lender offering you with the best loan deal and nothing less. If you do your homework satisfactorily, you are sure to get the best available loan deal.