How can I get quick loans?
While quick cash loans can be used for a variety of reasons, many customers enjoy
the advantages of them helping to cover
emergency or unplanned expenses. People may take out a quick cash loan to
help with vehicle repairs, an unexpected trip, or a sudden higher than expected
utility bill, for example.
Cheaper than the alternatives
A quick cash loan, otherwise known as a quick
payday loan, simply involves borrowing immediate cash at a time when you
are short of it and repaying this on your payday, when you can afford to do so.
This obviously incurs an interest fee – 29% of the amount borrowed. Pay only £100
for an £80 loan. 1737.2% APR typical. The
total amount payable of £100 is repaid on your next payday (within 47 days) when
we debit your account. Similarly, if you borrowed £200 you would repay £250 on your
payday. Many customers find this cost cheaper than alternatives when they need money
they don’t have immediate access to – such as going into unarranged overdraft and/or
having direct debits bounce and incurring hefty bank charges.
Fast online application
To be able to get a quick cash loan you need to be over 18 years of age, in full
time employment, earning at least £750 a month after tax, and living and working
in the UK. Another important criterion for loans till
payday is that your wages need to be paid directly into a bank account that
has a debit card. This is because the payday loan is paid into your bank account
and the repayment is taken off of your debit card on your next payday.
Getting quick cash loans is a simple process. You
apply online and, by filling in an application form with your personal and address
details, employment details (as you need to be in full time employment to qualify
for payday loans) and your bank and debit card details.
With the help of a quick credit check, you can then get an approval decision instantly.
If you are approved you will then need to electronically sign a Credit Agreement
by submitting your e-signature and the current date, and then you simply need to
sit back and wait for your cash.
Provided full approval takes place before 17:00 on a week day, the cash should be
transferred that same day – it really is that quick! If you’re approved after 17:00,
or on a non-working day, your money will be transferred the next working morning,
so you still won’t have long to wait for it.
So, if you are running low on cash before your payday and are in need of some month
end money, then a quick cash loan may offer the right solution for you.