subject: Secure Payday Loans - A Monetary Boon for Salaried Category [print this page] Salaried people usually face credit crunch in their life and for that they seek some loan help. Secure payday loans are short term, unsecured, instant cash advance loan. Everyone may face monetary crunch at some time or the other and these loans come in as a rescue for such conditions. With the ease in availability these are gaining popularity among U.K. borrowers, especially in the salaried section.
As the number of lenders providing these is increasing, everyday one can find numerous beneficial offers waiting for them. You can apply for this credit option either online or can meet the lender personally. After you apply, it gets approved within 24 hours as there is minimal time required in paper works. These schemes must be applied between Monday and Thursday so that amount is deposited in your account the next working day.
To be eligible for secure payday loans you need to be more than 18 years of age, must be an inhabitant of UK with a regular monthly earnings of more than 1000. These are also obtainable to bad creditors hence persons suffering from CCJs, bankruptcy, default or irregular repayments etc are eligible to achieve this loaning facility.
If you are applying for the first time you can borrow around 1500. After you have cleared your borrowed amount in time you can borrow more cash next time. The APR can go up to 400%, but the brief period involved in the repayments ensures that you do not face difficulty.
You are required to pay back borrowed amount on your very next payday. Even if you fail to do so it can be extended to other payday by paying little extra fees. For this you need to inform your lender at least 3 days in advance to repayment day.
This facility can be used to handle any unexpected and instant financial implication on you. Very often you can find yourself in a condition when some bills are much more than your hope, or it is the end of month and you need funds for medical purposes. All these unpleasant situations can be overcome with this help.
Secure Payday Loans - A Monetary Boon for Salaried Category
By: Alex Jonnes
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