Instant Cash Loans: What Are They?
Let’s say you are in shortage of cash and your payday is far away, or you have experienced an unexpected emergency but you are low on cash and wondering what to do? Then borrowing an instant cash loan from our lenders can be a good option for you.
Instant cash loans are loans which are approved quickly, and the funds are deposited into your bank account within 24 hours or sometimes even 60 minutes. Instant cash loans are the best option for borrowing immediate cash.
How Do I Build a Good Instant Cash Loan Application?
Before proceeding with applying for an instant cash loan, make sure you follow the criteria mentioned below:
Be certain that you qualify
In order to qualify for an instant cash loan at PaydayLoansUK, there are some simple qualifications, you have to be 18 years or old and a UK resident, have a job with a stable income and have a UK bank account where all the funds will be transferred.
Give correct details
Make sure to fill out only the correct details in your loan application and avoid any errors, even typos. Avoid filling out false details, as background checks are also done, and they can’t go unnoticed. If at all you do provide false info, it will impact your approval rate.
Pay off any outstanding debts
Make sure to pay off any debts that you own, either loan or credit card debts, as they effectively lower your chances of getting an instant cash loan. As for lenders, repayment is really important, so you will have to show promise with that for better chances.
Determine how much of a loan you can repay
Always check whether you can afford to repay the loan back in time or not, as if not, it might cause some serious financial issues for you along with pulling down your credit score, which can lower your chances of qualifying for any other loans in the future.
When Should You Take Out An Instant Cash Loan?
Instant cash loans can be taken during times of emergencies or temporary cash flow problems. Let’s say your car needs a hefty repair and you can’t afford it as you don’t have any other alternate choices like credit card availability or savings — then instant cash loans are a great option for you.
As the name suggests, instant cash loans provide instant decision and funding and are extremely convenient. Even if you want to increase your credit score, you can always take out an instant cash loan and repay it on time for your creditworthiness to improve. On the other side, if you are someone who is looking for a low rate of interest, then these loans might not be the best option.
How Do Instant Loan Repayments Function?
Repayments are simpler with online instant cash loans. You and our lenders can discuss the time period of the repayment and then proceed with the same. Be sure to have the money be paid back in your bank account at least a day before the due date, or you can always do a bank transfer.
How Do I Get an Instant Cash Loan?
First and foremost, fill out the online loan application with accurate details of your personal data, contact details, the money you would like to borrow, address history, etc.
Secondly, ensure that you go through the terms and conditions of the loan, such as repayment period, rate of interest, payment date, fees, etc.
Once you submit your applications, our lenders will assess your application to verify all the details that you’ve provided in the application. Affordability checks will also be done to make sure you can repay the loan back.
If the lender approves your application, then you should receive your funds deposited in your bank account instantly by our lenders.
Want to Get a Loan?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
What Are the Advantages of Getting an Instant Loan?
Applying for an instant loan is more on the advantageous side as:
Decisions are made almost instantly
Whether your online loan application is approved or rejected or needs some more corrections, anything it is, you will get to know instantly. So during emergencies, knowing what’s the status of your application will be really helpful in proceeding further.
Your money will be paid in a matter of minutes
Need money now? With zero delays, as soon as your loan is approved, your funds are sure to reach you as instantly as in minutes, within hours or on the same day. All your funds will be put into your bank account, which was provided along with the application form.
Your Creditworthiness Is Taken Into Account
Even with a bad credit score, you can still qualify for an instant loan. Our lenders will help and do their best to fund you even if your credit worth isn’t up to mark. Your application will be processed safely and securely, with no impact on your credit history. This is such a huge advantage.
Repayment Plans Which Are Flexible
According to your comfort and preference, you can always choose a repayment time period. And if you want to lower your rate of interest, you can always do ‘early’ and ‘over’ repayments. They are also considered by our lenders, so you can opt for a timeframe that is easy for you to repay the loan back in time.
How Does Payday Loans UK Compare?
|Why Use Us?
|What is the maximum amount I can borrow?
|Up to £5000
|Will I be considered if I have bad credit?
|Bad Credit Considered
|Interest rates (variable)
|Loan repayment terms
|Will I be credit checked?
|Will perform credit checks as for financial regulations
|How do I apply?
|Simple application form
Who is eligible for an instant cash loan?
Anyone who is 18 and above, a UK resident, has a job with a stable income and a UK bank account is eligible for an instant cash loan with PaydayLoansUK.
From where can I get an instant cash loan online?
You can always get quick cash, and with no upfront fees from PaydayLoansUK, we get you in contact with many instant cash loan lenders who will be ready to offer you the best offers.
Is an instant cash loan a viable answer to your financial distress?
Yes. It can definitely help with your financial needs more quickly than other loans, as with instant loans, you get money deposited in minutes or hours, and even bad credit is considered.
What should you think about before getting a loan?
You should check your credit score, calculate all your financial needs, compare interest rates and make sure whether you will be able to repay the borrowed amount within the repayment time frame given.
How much money can I get?
With PaydayLoansUK, we offer small and large loans, so you can borrow anywhere between £100 to £5000 with no upfront fees.
Does it play a part if I have a bad credit score?
With instant cash loans, not really. Even if you have a bad credit score, our lenders will help you to qualify for a loan, and additionally, there will be no credit history which can be really helpful for people with bad credit scores.