Sometimes an unexpected expense is difficult to balance with your income. Instant cash loan is a feasible choice to meet with such problems. The borrower takes instant cash loan when he is facing difficulty before his next payday. The borrower needs to remember that instant cash loan is for a short period. The instant cash loan can be used to pay off outstanding bills or daily expenses. Basically, this loan is meant to meet with any emergency cash needs.
The amount taken for instant cash loan varies from £100 to £1,500 and more. The term of instant cash loan ranges from 7-14 days. But in some cases, the repayment term can be enhanced to a month depending on your payday. Incase you stretch the repayment term beyond the agreed limit you might have to pay some extra fees. So make sure you pay your instant cash loan on time.
The time taken for approval of instant cash loan is very less and usually within 24 hours the amount is credited to your account. The time for approval depends on the amount to be approved and urgency of cash required.
Instant cash loan needs some basic criteria to be filled. They are
Proof of permanent employment
Regular and recurring income
A current and active checking account
Minimum income should be at least £1200 depending on the lenders criteria
Need to be 18 years and above
Instant cash loan are even advantageous to bad credit holders, as it involves no credit checks. Bad credit holders get the loan amount approved at the earliest.
Online instant cash loan helps the borrower to save his time. The borrower has to fill a cost free application form available online. It is always advisable to compare different quotes, repayment term, rate of interest etc available in market to get a better deal for instant cash loan.
Instant cash loan is therefore a better option for all those who are looking for immediate cash relieve.
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