Quick cash loans are mainly designed for people who are salaried. People who are mostly dependent on their monthly salary often find it difficult to pay the urgent bills like credit card payment, medical bills, car repairing bills, etc. In this situation where you need money urgently and pay day is too far, you have to borrow money. Quick cash loans are especially meant for the purpose of offering monetary assistance instantly. The best thing about these loans is that the funds are approved and released to your account within 24 hours. You can use the funds for any purpose.
These loans are completely risk free. No collateral is needed from the borrower. These are short term loans; hence you can also repay the loan advance on your next pay day. You can even extend the term.
These loans do not require any credit check. So you don't have to worry if your credit ratings in the market are not perfect. To avail a quick cash loan you have to have a regular bank account. You have to provide your last salary certificate to the lenders as this is the only document they require. As no checks and searches are done and no security is involved, the processing becomes really quick.
You can apply for a cash advance of £500 to £1200. This amount is quite sufficient to meet your urgent monetary requirement. The tenure of the loan is very short; generally for two weeks or till you get the next pay cheque. However you can extend the repayment date if you want. But you may have to pay some extra charges for that.
As these loans are unsecured and approval is done rapidly without any prior credit checks, the rate of interest is a little higher than the normal market rates.
The application process for these loans is really short and simple. To get the best deal, you have to shop around and get your pick. Lenders have their websites where every terms and condition is mentioned and explained in a lay mans language. They have 24 hours helpline numbers. You need to call them up and the rest of the things will be taken care by them.