Payday Loans UK
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Am I suitable?
- Are you over 18 and currently employed daily in england?
- Is your salary paid out directly into your checking account?
- Do you have a debit card with this account?
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Apply For UK Payday Loans Today
Payday Loans are short term instant loans that can be received within fifteen minutes of application, and help borrowers survive a sudden scare of cash shortage by helping them pay off emergency expenses. This loan proves handy if you require a little bit of extra cash to carry you over until your next payday, or find yourself in a situation where you need immediate finance, but cannot afford to go through all the processes and stages involved for a traditional loan.
Payday Loans in the UK are gaining immense popularity in recent times simply because it provides an easy and instant access to funds without any regard to your credit history. No matter whether you have an excellent credit history or a one that is too bad to consider, it will not hamper your prospects of obtaining the loan.
To be eligible to apply for a loan, you should be a UK resident, have attained at least eighteen years of age, have a bank account and a UK mobile number. Apart from this, you should also hold a fixed salaried job, either full time or part time, that pays you at least four hundred pounds in income. If you are a student, your chance of getting the loan is bleak because students do not fall on the category of fixed income earners so lending companies are rather hesitant to provide loans.
While applying for short term loans, lending companies require borrowers to register their mobile numbers online for approval and verification purpose, along with their personal details. At the time of registration, borrowers are provided with a four digit pin number that serves as an authorization code. Upon completion of successful registration, you enjoy the privilege of drawing cash directly into your bank account by a simple SMS.
You can easily borrow up to five hundred pounds or more for a period of seven to fifteen days at an average rate of seventeen percent interest. That means, if you borrow hundred pounds today, you need to pay hundred and seventeen pounds after fifteen days. However, the loan term and interest rate vary with each lending company. When the day of maturity arrives, the lending company will automatically debit your bank account and recover its dues.
SMS loans are one of the most popular loan solutions available in the market. It provides complete flexibility to borrowers in terms of unique features like instant loan access, credit history overlook, no collateral requirement, non involvement of paper work and legal hassles, these are certain benefits.