Cash Advance Loans
Apply to borrow from 100 to 25000*
- Instant Decision
- 60-Second Application Form
- From £1,000 to £25,000
- Rates from 5.7% APR to 278% APR*
- 3-36 month repayment
Apply to borrow from 100 to 25000*
- Online decision
- Responsible lenders
- Apply to borrow up to £3000*
- Rates From 278% APR – 1576% APR*
- 3-12 month repayment
What Are Unsecured Loans?
Even without collateral to pledge, there are still options to choose when applying for a loan. For loans without security deposits, these types of loans are considered unsecured. Unsecured loans allow borrowers to request for funds without giving up an asset as a security deposit. Personal loans, payday loans, credit cards, and student loans are just some examples of an unsecured loan. It is a very convenient source of funds without having to deal with the complicated approval process. However, these types of loans are often accompanied with higher interest rates.
How will MY
To apply, you don’t have to leave your homes or travel miles. The process is amazingly fast and secure. All you need to do is to fill up a form online. In as fast as two minutes, you can have the result of your application without waiting hours in long lines. Your personal and banking information is safely secured.
Paid Into Your Account
Once approved, the borrowed funds are immediately sent to your checking account. No fuss, no hassle. In just minutes, you get the money that you need without going through complicated requirements and documents. A perfect solution for emergency situations.
Your credit problem is never a problem with us. Even with bad or poor credit, you are still eligible to take advantage of our services. Our lenders offer cash assistance without the need for you to undergo a credit check. If you can pay the loan on the agreed schedule, your credit line will never be a problem.
- WHAT ARE PAYDAY LOANS
- HOW DO I APPLY?
- MUST I HAVE A GUARANTOR?
- WHAT’S IN IT FOR US?
- HOW LONG DOES IT TAKE TO GET PAID OUT?
A PAYDAY LOAN IS A TYPE OF CREDIT THAT IS SUITABLE FOR WHEN EMERGENCIES OCCUR
If you find yourself stuck in the middle of nowhere with no money in the bank and no cash on hand, the best thing that you can do is to apply for a payday loan. Payday loans are easily acquired and don’t require complicated documents, making it the best cash assistance fund during emergency situations.
- WHAT ARE GUARANTOR LOANS?
- WHAT ARE LOGBOOK LOANS?
- WHAT ARE PERSONAL LOANS?
Services We Provide
Long Term Loans
Getting a cash advance loan is one of the easiest ways to get a little cash to cater for emergencies. There are several types of cash advances that you can get. The first one is not a loan it is a cash advance from an employer. Here half of your salary is advanced to you before the month is over. Usually it is done only on or after the 15th of every month just for the employer to be sure you have worked for what you are getting as advance.
The other type of cash advance is credit card advance loan. In this loan, you are given a cash advance by your credit card company. The money is credited to your card and you can withdraw at an ATM. The major problem with credit card advances is the high charges. You will have to pay a high interest rate and other fees.
Further, with a credit card cash advance, the longer you stay without repaying your loan the higher the interest rate becomes. There is no grace period given and the interest begins to accumulate immediately the cash has been advanced to you. The fees on borrowing are about 2 to 5% of the amount you borrow and the interest rate can go as high up as 36%.
This is not mentioning the credit footprint that you get when you borrow from a credit card company. This is why many people prefer to borrow the cash-advance loans from private lenders. It is possible to get fast cash advance payday for the unemployed in the UK. So what are these cash advance loans?
What are Cash Advance Loans?
A cash advance loan is a loan offered by online lenders. The application process is very easy and quick. You do not have to fill out any forms or wait for long periods for the approval process. Application and approval typically takes just minutes and the money is wired directly to your bank.
These cash advance loans are also called payday loans by most people. This is because for a cash advance loan you do not get a lot of money and therefore you are expected to repay all of it during your payday or you will get a couple of installments to repay.
However, many online lenders are offering more flexible terms for people who need cash-advance loans UK. You should therefore do some due diligence when looking for an cash advance loan to ensure you are dealing with a company that is offering you attractive terms.
How Do Cash Advance Payday Loans Work?
Cash advance payday loans are given to people that want quick cash for use and they will be required to repay the money on payday. Different lenders offer different repayment terms for their mini credit cash advance loans.
However for many lenders, you are required to write a check to the lender dating it on your next payday. The check amount will be the total amount you have borrowed plus all the interest and fees. However this is not the way it works for all lenders especially when you request for a substantial amount.
The lender can also give you more flexible repayment terms where you repay the loan in several installments all usually to be made on your payday. With this option of the loan you are able to make easier installments but it might cost you more in the long run.
With payday cash-advance loans, if the lender is charging you say $10 for every $200 borrowed, that is all you will have to pay plus any other fees. When you make your payment on payday you know exactly how much you need to pay and what it is you are paying for. This is unlike credit card advance loans where you might never understand the charges.
Fast cash advance payday loans UK are good and easy when you have a paycheck but they are also risky. You should ensure you are able to give away a portion of your paycheck and be able to survive on what remains. This will help you to avoid taking the loan repeatedly.
What happens when you are unable to pay your cash advance loan?
If it happens that you are unable to pay you cash advance loan as required then many online lenders give you a roll over. A roll over is where you get an extended term of payment for the same amount but you pay more interest.
Take for instance a scenario where you had borrowed $200 and you are being charged $10 fees. If you are unable to pay the cash advance loan in the agreed time, then the lender extends the payment duration so you have double the time to repay the same amount of money. However, you will now have to pay $20.
You should avoid roll overs because of the high interest rate that you will end up paying for your loan. It is best to pay your cash advance loan on time so you can even grow your credit score in the process. If you default totally and completely fail to make any payments, the lender can take legal action against you including taking over your income.
Who is Cash Advance Loans for?
Cash advance loans are for anyone who is looking to get some quick cash to sort out issues they might have. It is a good loan for people who do not want a lot of money because usually what is advanced is money you can be able to repay in one or a couple of installments.
The cash-advance loans no credit check and direct lender are great for people who have bad credit but need money quickly. Many of the online lenders do not check your credit for you to qualify for a cash advance loan. This also means that you do not leave credit footprint that might affect you negatively.
Cash advance loans UK are also for people who do not want to go the credit card way. Credit card advance loans are expensive and they impact your credit score majorly. Since the payday loans are now being offered by many direct online lenders in the UK, the rates are highly competitive and with proper due diligence you can get a loan for a good rate.
With a direct payday loan lender you make your payments in installments usually during the payday. Also, since you are getting it directly from the lender then there are no middle men fees and you get the decision on your loan in just a few minutes. The payday loan lenders are able to approve your loan and deposit the funds into your account faster than any other cash advance loan lenders.
Payday loans for people with bad credit
If you suspect that you do not have very good credit, you can still benefit from payday loans. A bad credit is really not a true reflection of your ability to repay a payday loan and therefore many lenders now offer cash-advance loans to people with bad credit in the UK.
However you should note that payday loans are not guaranteed. It doesn’t mean that anyone that applies for a payday loan gets it. But, it still doesn’t stop people with bad credit to apply for payday loans or cash advance loans.
How to choose a cash advance loan provider?
If you have decided that a cash advance loan is what you need then you should ensure you are working with an authorized lender. There are many online lenders who offer direct cash-advance loans. You therefore need to do some due diligence to ensure you are getting the best deal.
First of all look at the APR rates. The rates are usually high because payday loans are short term loans. For many lenders you will have repaid the loan in one to three months. Although the APR calculated annually seems very high cash-advance loans are quite affordable because you will repay in a short period.
To properly understand the terms of your loan and how much you will be repaying, you need a lender that is transparent. You should not be subjected to any hidden charges or fees that you do not understand. Only go into business with a lender that tells you outright and openly what is required of you.
Ensure that you understand the terms of the loan and what will be required of you before you borrow. This way you will protect yourself from having to repeatedly take a loan or roll over the advance months without end.
Cash advance loans are a great for any individual looking for quick cash for the short term. When acquired from direct online lenders you can get very competitive rates and good terms than with credit card companies. It is therefore important for you to speak with several lenders before you make a decision on the loan.
Unlike popular belief that you must pay the entire loan at once, you can pay in a couple of installments depending on the lender.