What Are Mobile Loans?
Any loan applied for via a mobile device is referred to as a "mobile loan."
Say you will be hosting your extended family members in the next couple of weeks. But you realised there's a need for some home renovations. This cost is absolutely out of budget. You, therefore, pick up your phone and apply for a loan online. The money will be deposited in your account moments later. You have just gotten a mobile loan.
Who Is Eligible For Mobile Loans?
Before applying for any loans, there are basic eligibility standards that we hope all clients will endeavor to meet:
- You must be at least 18 years old.
- Have a dependable source of income, such as a job.
- Have an active bank account.
- You must live and work in the United Kingdom.
Many people easily meet these requirements and the application procedure only takes minutes.
What Are The Benefits/Advantages of Taking Out A Mobile Loan?
Mobile loans are quite newer than other means of getting loans with incentives like the ease of use, and fewer documents required.
The offers provided by lenders include loan terms and loan amounts. You are able to easily go for the best one that suits you. It offers good payment options and there are no hidden fees.
Mobile loans are available 24 hours a day, 7 days a week. This essentially means that you can apply for a mobile loan any time of the day.
How Can I Apply For Loans Over The Phone?
Fill Out The Form
You will need to provide your personal and financial details including name, address, date of birth, job status, and so on to fill out a form on PaydayLoansUK.
After going through the details you input, lenders will give you offers. Once you decide to choose one offer, you will quickly get approval for the loan on the same day.
Get The Fund.
Within 24 hours, the money will be deposited into the bank account and you can make use of the fund immediately.
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).
Is It Safe To Borrow Money Through My Phone?
Data privacy is a serious concern in the internet age, and particularly because some personal and financial details are required while applying for loans, it is important to be assured that your details are in safe hands. At PaydayLoansUK, we guarantee maximum data privacy protection.
Safety Precaution Checks:
Check up the company's website first. Sites that begin with HTTPS are safer than HTTP because they encrypt information to prevent attackers from intercepting personal information.
Look for a padlock in the URL address bar as well. If you see one, it implies the website is safe and secure, and all contact with it is encrypted and secure.
You can apply for a loan on your smartphone with confidence now that you've established the company's authenticity.
Frequently Asked Questions
What Is The Maximum Amount I Can Borrow?
While exploring mobile loans at PaydayLoansUK, you can borrow as much as £5000.
What Are The Advantages Of Mobile Loans Over Payday Loans?
The major advantage of mobile loans over payday loans is that the first offers flexibility in the repayment period, that is, you can pay back over a longer period.
How Long Do I Have To Pay Back The Mobile Loans?
Depending on your needs, it features a repayment schedule of 3, 6, or 12 months.
Is It Possible To Receive Funds Quickly?
After you have approved for a mobile loan, you can receive money in as little as 24 hours.
Can I Get A Mobile Loan If I Have A Negative Credit History?
Yes. Negative credit history does not affect your access to mobile loans. This is because we work with a network of lenders willing to offer mobile loans to customers irrespective of their credit history.