3 Month Payday Loans – Money With Easy Repaying Option
In our life, we may face certain situations when we require money instantly without much delay
. In such situations, a person may go for any loan to fulfill his/her needs. But the major problem with these loans is of their repayment. These are to be repaid in a very short span of time. Generally this time is of few weeks only. This problem can be solved by 3 month payday loans.
3 month payday loans are just like other short term loans, but they have an advantage over them. These are to re paid in easy installments. These installments may be weekly or biweekly. This may be as per the choice and condition of the borrower. The most important merit of this scheme is that it does not impose an unnecessary burden on borrower.
Like all other loans, here also a borrower has to fulfill certain conditions if he/she wants to take such loans. Presently these loans are granted to the people of UK only. Age of the borrower is also important. It should not be below 18 years at the application time. A borrower should also have a valid bank account in UK. This helps the lender in crediting loan amount.
The loan amount of these loans may vary from 100 to 1500. This amount is given for a short period of time. Even persons with bad credit history may apply for these loans. These loans may be secured as well as unsecured. If the borrower does not want to keep any of his/her assets as collateral, then he/she may go for unsecured loan. But in this case, the rate of interest applicable will be slightly higher than the normal rate. This is because of the excess risk the lender is bearing in granting loan without any security.
3 Month Payday Loans Money With Easy Repaying Option