screenhunter_01-mar-12-1956.gifThe other name for unsecured loans is signature loans. That is because to obtain an unsecured loan you do not need to submit anything other than your signature AmericaOneUnsecured loans are approved simply on the basis of your credit history and the assurance and trust that you will be able to repay the loan  that you take through them. The money that you get can be used for any purpose as long as it is legal. America One Unsecured provides an unsecured personal loan ranging from $1,500 to $50,000.

The approval depends on many factors. Your personal credit history, income, previous unsecured credit limits, residence status and employment history are some of the factors that are considered. Business Loan approvals range from $10,000 to $50,000 for start up businesses that are less than two years old and from $10,000 to $100,000 for businesses that have been in operation for more than two years. The rates of interest range from 7.9% to 19.99% and the loan terms are very convenient ranging from 12 to 84 months. If you choose to go in for a line of credit instead you do not have to worry about a designated term. Unlike many financial entities America One Unsecured does not charge any penalty for pre-payment of the loan.