subject: Same Day Loans: Sort Out The Problems On The Same Day [print this page] Same day loans helps the individual in their hard times when there are no funds to fulfill the urgent financial requirements. These are small unsecured loans which are very helpful for the people who are very upset due to the shortage of money.
Same day loans are small unsecured loans so there is no need of collateral to apply for these loans. It means that the borrower does not have to pledge any valuable assets or property against the loan. These loans are the fastest way to generate the loan. Borrower can avail the loan through the online procedure also. Online application is easy to fill. Borrower just has to provide the necessary details like name, age, contact number, account number, address proof etc. Lender asks for these details just for the verification purpose.
As the same day loans are short term loans so the amount that the lender will offer would also be small and has to be pay back on time. Otherwise the borrower has to pay the penalty. The loan amount that a borrower can avail from these loans ranges from 100 - 1500 for the time period of 14 to 31 days. However, being unsecured and short term loans the rate of interest for these loans are high.
To avail the loan one has to fulfill some of the pre requisites like:
Applicant is doing a steady job and earning a sound source of income;
Applicant must be the citizen of UK:
Applicant must attain the age of 18 years or above;
Applicant must possess a valid bank account in UK.
Same day loans can also be availed by the bad credit holders like those who are tagged with arrears, defaults, bankruptcy, late payments, missed payments, CCJs, IVA, etc. Borrower can use the loan amount according to his/her convenience and needs like examination fees, for operation, grocery bills, traveling, vacations, wedding, renovation of the home, debt consolidation, etc.
by: Lee Jonson
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