Many of us need an extra boost of money especially toward the end of the month
. This need is felt even more when we are brought face to face with sudden and unexpected expenses such as medical bills or car repair bills or house repair bills. These expenses have the uncanny ability to show up at the worst possible moment. In order to deal with these expenses one can apply for 6 month loans.
6 month loans! Everyone is now running the financial service to when they are faced with this problem. It lets the borrower borrow money, which has to be repaid at the next payday of the borrower. These short-term loans are specially designed to take care of immediate expenses.
Lenders generally offer the borrower money in the range of 80 to 1500. This money has to be repaid in a term of 1 to 6 months. This money is automatically withdrawn from the account of the borrower. This makes it easier for the lender and the borrower since they do not have to personally oversee this transfer of money.
Major advantages of this service are that the borrower does not have to wait for a long time to get the approval from the lender. People with a bad credit history can also apply for this service.
The only major drawback is that the interest rates are slightly higher due to the short-term nature of the finance.
To be eligible for this service one has to meet certain criteria. He should be a U.K. citizen and his age should be 18 years of age or above. He should be employed and must earn a regular
Gone are the days when one had to run behind banks submitting documents and waiting for a long time to find out whether their application has been approved.
All one has to do now is fill up an online application form entering all the required details and submit this at the click of a button. This application is approved within a matter of a few hours and the borrower gets the money immediately.