, there have been various changes in the financial structure. 1 hour payday loans are one such advancement that enables the borrower to obtain credit whenever the need arises.
These loans are granted within 60 minutes. They are granted to the borrower in his present financial difficulties. These difficulties can vary such as to pay off car repair bills and meet other expenses.
These finances do not require any documentation or credit check. The advance is given on the personal guarantee of the applicant. The credit granted ranges from 80 - 1500, with a repayment period of 30days. The repayment payment is decided in such a way that it coincides with the borrowers payday, thus making it easier to repay the advance lent to him.
The eligibility criteria for 1 hour payday loans are as follows;
The applicant should be a citizen of UK
The applicant should be over 18years of age.
The applicant should have a permanent job in a reputed organization.
He should be earning over 1000 per month.
He should have an active bank account.
He must also have an active debit card.
1 hour payday loans can also be applied for online. The form takes under 5 minutes to be filled. Some lenders sanction credit within 60 seconds. The form contains personal details of the applicant which are required to be filled. These details may pertain to the name, address, and bank account details. All these details have to be accurate. If any false detail is given, the borrower will not be advanced credit.