subject: Cheap Payday Loans – Instant Short Term Loans At Lower Rates [print this page] Whenever we are in need of money, the first thing that comes to our mind is to go for a short term loan. These loans are granted for a very short span of time. But they have a limitation. The worst part of such loans is that they are very expensive. Lenders mostly charge very high rate of interest on them. But, now this problem is solved. Today, lenders are coming up with cheap payday loans.
Cheap payday loans have all the merits of any payday loan plus they are having very low rate of interest. This makes such loans very attractive for the borrowers. Generally these are short term loans approved instantly without much effort and paperwork. The loan amount may vary from 100 to 1500. This amount is given without any collateral for the period of 14 days.
Currently these loans are offered only to those UK citizens who have attained the age of 18 years and are not unemployed. They must be getting regular salary for the past 6 months. Also the borrower should have a checking bank account in his/her name. It is this account that the lender will credit the loan amount.
These unsecured loans are granted against your post dated cheque. A borrower may repay the loan taken and get his/her cheque back from the lender. He/she may also ask the lender to take the money directly from his/her bank account through this cheque. In this way, both time and efforts are saved.
There are various websites available on the internet where you can search for lenders in your area and can select the best for you at competitive rates. Through these websites you may also compare the terms and conditions of various lenders available and can choose the one that suits you the most.
Cheap Payday Loans Instant Short Term Loans At Lower Rates
By: Andra Nail
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