Many people face financial emergencies at times in their life
. Such emergencies call for instant cash necessities. If you are one of those people who face such problems, then speedy payday loans is your first step to overcome these problems.
The advance amount sanctioned through this credit ranges from 80 to 1500 which is sufficient for some urgent work. For this, the repayment period ranges from 1 to 30 days.
The advantages on this type of advance are as follows:
Your assets do not have to be placed as security.
People with bad credit history can also apply for this form as there is no credit check involved.
There is no hassle in terms of paper work.
These advances are available online.
The repayment period can be extended in some cases.
There are certain disadvantages on opting for this advance. They are:
The rate of interest charged on these advances is relatively higher.
On extension of the repayment period, lenders charge an extra fee apart from the interest.
In case of late payments, the lender is free to take legal action against the borrower which further depreciates the applicants credit score.
The eligibility criteria:
He/she has to be a permanent legal citizen of UK.
He/she should be above 18 years of age.
He/she must have a regular job in a reputed company.
He/she should possess a valid bank account.
You can avail to the online procedure as well. All the borrower has to do is fill the application form with the correct details in it like your name, address, contact number, your personal details and so on.