When the requirement for cash is critical and urgent, who wants to fool around with tedious paperwork and long, drawn out approval process? All you want to see is the cash on your hands so that you can rush ahead and solve whatever crisis is looming large upon you. Conventional loans can't help you there; they involve hassles and hurdles of the like which you would just like to avoid. But a cash loan could be the one solution that you are seeking.
Cash loans are basically fast cash advances of small amounts. They are known for the prompt service that they provide. That is why people rely upon them when faced with emergencies like car repair, small medical fees, electricity bills and the like. But timely help is not the only prominent feature of cash loans. They are associated with other characteristics which suits hem for easy borrowing.
First of all, cash loans are unsecured loans. Secondly, these loans require no credit checking. Third, eligibility criteria for these loans are simple and can be easily met:
* You are 18 years old or above
* You are currently employed
* You earn more than £1000 as your monthly salary
* You have a valid checking account which is at least three months old.
These are the aspects of cash loans related to its approval process. But these loans are also quite uncomplicated in the process of application. The submission of an application form is all it takes to apply. And by signing a direct debit form, you save yourself the exertion that you would have had to make in order to repay the loan. Your lenders will be using it to deduct the repayment amount from your account.
You can borrow an amount between £100 and £1500. Repayment terms for these loans are set only 2-4 weeks from the date of loan issuance. Extensions can be availed but on the basis of an extra fee. Interest rates tend to be high on these loans so you might want to shop around for affordable ones by comparing quotes via the internet.