Payday Loans - Bridge The Gap Between Your Two Paycheques
Are you facing any unexpected small fiscal problems before your next paycheque
? Do you have insufficient funds to pay for them? If yes, then you can opt for payday loans. These forms of fiscal assistances act as bridges to the gap between your two consecutive paycheques.
These advances are short term credits offered to the salaried staff of UK in particular who meet minor unforeseen expenses before they receive their next salary. As the name suggests, the repayment of payday loans can be done when the borrower receives his next salary.
They can assist the borrowers to make the payments of short term expenses whose amounts do not fall below 80 and does not exceed 1500. The repayment period of these advances matures after the duration of 1 to 30 days. The borrowers should make sure that they repay the amount on or before the maturity date.
Following are the enticing features of these advances:
The borrowers have the facility to avail the funds within 24 hours.
They do not have to undergo any credit check to obtain the funds. Neither, do they have to fax any documents.
The can be used for cars repairs, payment of utility bills, electricity bills, buying a gift for a loved one and so on.
The only drawback of these advances is that, due to the risks taken by the lenders, the borrowers have to pay relatively high interest rates on the borrowed amount.
The eligibility criteria for availing them are as follows:
The applicant should be minimum 18 years of age.
He should acquire citizenship in UK.
He should have a fixed job and a regular source of income.
He should also have a valid bank account.
Large number of borrowers prefer the online options of availing these funds more than the offline ones. This is because, the online option offer immediate approval and grant funds at cheaper interest rates within 24 hours.
Payday Loans - Bridge The Gap Between Your Two Paycheques