Whenever you lose the balance of your income and expenses your life
, also, go haywire. You try everything and nothing seems to work. The most important thing which you need to tackle this situation is instant money so that the normalcy can be brought back in day to day life. But situation is so gloomy that even your near and dear ones are unable to help you out. So what are the options available to you considering that neither you have great credit ratings nor you have any property or some other valuable assets to put as security in order to avail instant cash. This is a difficult situation where your credit record and security quotient is almost nil. However, there is one loan product payday loans which is tailor made for these sorts of scenarios.
Short term cash advance loans can provide you amount which varies from 100 to 1000 pounds and sometimes even more. The repayment tenure is comparatively short for this loan product, generally you need to pay back the loan amount with in 15-20 days or on your forthcoming payday, which ever comes first. Though, you can extend your repayment period but remember that it can make this already costly loan costlier as lenders charge hefty interests over these loans.
Following are some basic requirements you need to fulfill in order to avail payday loans:
You must be 18 or above in age
You have to have an active bank account
You have a fixed regular source of income
You need to be working with your current reputed employer for the last 3-6 months
There is another longer version of this loan known as 3 month payday loan where you get extended repayment tenure so that you can comfortably write off your loan amount without inviting hefty penalties for late or non payment. So if you are not comfortable with the shorter repayment tenure and need more time then go for this loan. Instant cash advance payday loans are an extension of unsecured loans and that is why you do not need any kind of security to avail this loan. Affordable payday loans deals can be availed by comparing various options and thorough research at several loan related web portals as there is cut throat competition among the money lenders.