. Quick loans are an ideal option that are of great use to anyone suffering from fiscal problems. They have been introduced to help you overcome your petty debts.
These funds can be used to pay off your expenses like your telephone bills, electricity bills, car repair bills, medical emergencies and so on.
You are offered an amount ranging from 80 to 1500 for a period of 1- 30 days.
This period can also be extended. The lender must be informed about it in advance. You will be charged an additional fee every time you extend the period.
Advantages;
They are approved instantly.
They are easily available.
You get your funds within 24 hours of application.
There are no restrictions on usage of this form of credit.
Bad creditors can also avail this finance.
You can also use the online procedure to apply for this kind of financial assistance.
Tenants and homeowners are also eligible.
Disadvantages;
They carry a high rate of interest as they are granted for a short term.
You will have to pay a penalty charge if you fail to make repayment on time.
Eligibility criteria;
You have to be a citizen of U.K.
You should be 18 years of age.
You should have an active bank account.
You must be employed with a regular income of at least 1000.
If you have a poor credit history you just need to prove your repaying ability to assure the lender of your credit worthiness.
Online procedure;
Quick loans can also be availed through the online mode. All you need to do is fill an online application form giving all the necessary details. The lender will transfer the funds to your account. This procedure is very convenient and quick source to attain easy finance. You do not have to wait in long queues.