subject: Same Day Loans - Proposals By Lenders For Your Benefit [print this page] Have your usual expenses increased in this month? Are you facing any urgent expenses? Are you getting worried about how to get rid of them? Same day loans are proposals put forth by the lenders of UK for the salaried citizens therein. They provide financial assistance to the borrowers to help them overcome the small expenses that come their way in the short run.
These advances are cash deals that please the requirements of the borrowers. They are offered by financial institutions like banks mainly to the people who are totally dependant on their salary for their day to day expenses. The amount offered by the lenders ranges from 80 to 1,500. The term of repayment mentioned in the agreement extends from 1 to 30 days.
The borrowers financial standing is not taken into consideration while sanctioning the funds to them. They take very little time i.e. not more than 24 hours for granting funds to the borrowers. They are faxless advances wherein the borrowers are not required to place any security against the borrowed amount. The only drawback is that, due to no credit checks, the lenders levy high interest rates.
Any person who is above 18 years of age and who is a UK citizen is eligible to acquire these facilities. He is also required to have a fixed job with a regular source of income.
The applicants should also maintain a checking account in the bank in his name.
They can also be applied online at cheaper interest rates. The applicant just needs to fill in the provided online application containing few of his personal details as required by the lender.
These details may include name of the applicant, his age, nationality, residential address, account number and so on. The form will be verified by the lender and if it is approved the amount will be directly credited to the checking account of the applicant.
by: William Hooker
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