What Is An Instant Decision Loan In The UK?
When you are cash-strapped and need funds to sort out emergencies, an instant decision loan is exactly the loan you can get.
They are characterised by easy accessibility and a simple application process. And they often come with flexible terms and conditions such as a longer repayment period of up to a year, unlike payday loans that are required to be paid on your next payday.
What Are Instant Decision Loans Used For?
What can you do with the instant decision loan fund? It is entirely up to you. You may choose to get it to renovate your home, or fix your car. It may even be used for an emergency medical bill. Or to host your extended family members in the coming week. The possibility is wide, and instant decision loan is the answer.
Who Can Apply For An Instant Decision Loan?
Below are the easy-to-meet criteria for an instant decision loan:
You must be at least 18 years old.
Have a debit card and a bank account that can receive the fund.
You must be a resident of the UK.
Is It Possible To Receive The Loan In Less Than 24 Hours?
Yes. Instant decision loans are appealing not only because they are simple to apply for, but also because after you have been authorised for a loan, the lender will usually be able to deliver you the funds the same day. This enables you to deal with unforeseen problems quickly and move on with your life.
How Do I Apply For An Instant Decision Loan Online?
In 3 easy and simple steps, you can receive your instant decision loan fund:
Fill Out A Form:
We will need to get some information about you for verification. This is usually some personal and financial details. It will help us tailor your loan demand to the right lenders.
In a few minutes, a lender will send you an offer that will include the loan terms and conditions. The lender will quickly approve the loan after you accept the offer.
Within 24 hours after approval, you will receive your quick cash in your bank account.
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).
Frequently Asked Questions
Can People With Bad Credit History Get An Instant Decision Loan?
Yes. Even with bad credit history, We will assist you in getting an instant decision loan at PaydayLoansUK.
What Is The Maximum Amount I Can Borrow?
With the instant decision loan, you can borrow money as much as £5000 to satisfy your needs.
What Are The Benefits/Advantages Of Instant Decision Loans?
Instant decision loans have an advantage over alternatives in that you can easily apply online, get approval instantly, and enjoy quick disbursement into your bank account.
What Is The Difference Between Payday Loans And Instant Decision Loans?
Instant decision loans differ from payday loans in that they are often repaid over a longer period, whereas payday loans must be paid off in full on your next payday.
What Can I Do If I Can’t Afford The Loan?
You need to talk to the lenders promptly to see what can be done.
Can I Take Out An Instant Decision Loan Without A Credit Check?
Lenders require a credit check to confirm that the information you have provided is accurate and that the loan is appropriate for you.