subject: Instant Cash Advance - Money At Your Service! [print this page] Do you need financial help in mid of the month? Instant cash advance is a form of fiscal assistance that allows the borrower to satisfy his urgent demands within a day. It comes under the category of short term finance.
The amount that can be drawn against this form of credit ranges from 80 and can extend up to 1,500. This amount is sufficient for the salaried people as they depend on this advance income for accomplishing their demands in the middle of the month. This amount should be repaid by the borrower within 30 days or as soon as he gets his pay cheque within this duration.
Advantages:
In this form of finance, the applicant gets access to the funds within 24 hours. Hence, he gets the liberty to use the amount as an when he desires.
This form of credit can be availed by anyone irrespective of their credit rating. Therefore, they help bad creditors in improving their financial status.
These loans can be applied through the traditional as well as the online process. As a result, the borrower can apply according to their convenience.
Disadvantages:
Although, these loans are benefited by many, they consist of a few drawbacks. In other words, they charge a high a rate of interest on the repayment amount.
On the other hand, in case of late repayment a penalty fee may be charged.
Requirements for application:
The applicant should be an adult who has acquired citizenship of UK.
It is essential that he maintains a valid bank account.
He must also be a fulltime employee with a fixed monthly income.
On satisfying these conditions, the applicant may be considered eligible for availing these loans.
Nowadays, the easiest way to avail these funds is by applying online. It proves to be beneficial to one and all. Therefore, it is worth applying online because of its easy availability and fast approval.
by: billybodam
welcome to Insurances.net (https://www.insurances.net)
