By Olivia Maaret
Some time back, you would have thought that no loan can be granted on the day that you apply for them. But now that same day loans are here, such a near miracle has become possible.
Same day loans are small cash advances that you can avail on the very day that you apply for one. So they are loans that can help you out during your emergency requirements. Cable guys threatening to cut off connection can be appeased; car mechanics can be spurred on to fix your car today; your dentist can be paid for a quick check up. There are endless possibilities that can be realized with the help of a same day loan’s timely service.
Same day loans belong to the unsecured long tradition. If you were wary of being demanded to provide collateral, you can now heave a sigh of relief. Another feature you would probably relish if you have bad credit is that these loans are not approved based on credit status. No credit checking is conducted!
Same day loans may be easily availed by you if you fulfill the following criteria:
- Being 18 years of age or above
- Being fully employed or at least having a regular source of income
- Drawing income of more than £1000 per month
- Having a valid checking account at leas three months old.
Once these standards are met, the only thing left for you to do is to fill a simple application form and submit it. Then you can expect the money to be directly transferred into your account within the day.
Same day loans can be borrowed for an amount in the range of £100-£1500. Repayment terms are short and may last for a period of 2-4 weeks only. Extensions may be availed but on the cost of an extra fee. Same day loans are charged high interest rates and may be a little costly. In order to find cheaper rates, you will have to compare loan quotes of different lenders. You can do this easily by applying on their online sites.
Same day loans are short term loans advanced on the day of your application. They are ideal for emergencies. As they are unsecured and require no credit check, any salaried adult with a valid checking account can avail them.
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