So many times you may have found yourself amidst unexpected expenses
. You are not always financially prepared to face every expense, you need a loan? Initially to acquire financial assistance you would have to go through lengthy procedures. As technology has changed to better, you can now apply for text loans. They are specially initiated to serve the needs of borrowers providing them with instant cash for petty expenses.
Pay off medical bills, telephone bills, car bills, home renovation, other petty expenses and so on. This form of credit offers you an amount up to 100 for a period of 1- 7 days. As they are short term advances they carry high rate of interest. They have a flexible repayment period. On the date of repayment the lender debits your bank account with the amount of the advance. Incase you are not able to pay off the credit amount borrowed you can also extend the repayment period. You will have to pay an additional fee every time you extend the period.
You first need to register your mobile number with the institute from whom you will borrow your funds. The application procedure is very simple and involves very less time. You just need to fill an application form giving all the necessary details. The lender verifies the details. Once the application is accepted the lender will send you a confirmation e-mail. The mail will also include all the terms and conditions and your personal PIN number. However next time if you are in need of money you just have to send a text to the lender stating the amount required and the repayment period. After few minutes the amount gets transferred to your account.
In order to be eligible you need to fulfill the following criterion:
You should be a citizen of U.K.
You must be above 18 years of age.
You should be employed with a regular income.
You should have a minimum salary of atleast 1000.
A mobile number.
An e-mail address to co-ordinate with the company.