Payday loans now offer a fast and reliable way to access small amounts of money for all those who have some financial urgency but their payday is still days away. If one has nobody to borrow cash from, the there is a best option in fast payday loans UK.
These fast payday loans UK are different from the usual bank loans in a sense that borrowers you get quick access to funds unlike traditional loans that may take days or even weeks. These loans are available even to all those who have bad credit score and have no valuable asset to offer as collateral. the processing of loan application is completely confidential and can be done from home.
What is the eligibility for payday loans?
- Applicant should be 18 years of age.
- Should have stable job and fixed income
- Valid saving bank account
- No hassles of faxing documents
How much money can you borrow?
It actually depends on the present job but in any case one can be approved for any amount between £100 and £1500. However, it is best to apply only for the amount that is needed as any excess amount would mean more interest and excessive debt.
Payday loans have slightly higher rate of interest but that won’t be much of a worry as loan itself is returned back within 30 days. Though one can always request extension of loan term by paying nominal fee.
Borrowers can complete the application process online on the site of provider within few minutes. Only name, address, current job, bank account and phone numbers are required. A lenders representative will get in touch with borrower within hours and loan amount is then transferred to the bank account of the borrower. This amount can be spent as per the needs, and borrower has to return this amount on the coming payday.