If you have found yourself trapped in a viscous circle of unscheduled expenses that can not be ignored or skipped off then these expenses should be taken care off. Having adequate finance in a bank account or pocket to deal with critical financial emergency situation can be one of the viable solutions. But, the situation can be tougher for people who do not have any extra funds to deal with. Well, the needy people can access for quick monetary aid from external sources. Payday loans are one among those which fulfill your instant cash needs on time.

The payday loans no hassle are small and short term loans that comprise of minimal formalities. These loans are easily sanctioned by the lenders without much delay. Therefore, during your financial woes, these loans remove the burden of finance with ease and allow you to live a tension-free life.

For availing these loans, the borrowers have to meet certain criteria. The borrower must be 18 years of age with a regular income of £1000 per month from his employment. The borrower must provide bank account details so that instant cash transactions can be carried on. This loan is only offered to the UK citizens.

Under this loan category, the borrowers can grab funds within the range of £100 to £1500. The amount of loan is kept small and short due to its nature. The repayment tenure varies form 14 to 31 days. The interest rate charged on these loans is comparatively higher than other regular loans. So, the borrower must try to repay the loan amount on time to skip from the penalty.

The loan amount availed can be used to meet various small fiscal needs. Some of the common needs for which the borrower avails the loan are paying off sudden bills like electricity bills, outstanding expenses, college or tuition fee, car or home repair expenses, medical bills, wedding expenses and so on.

The payday loans can be the choice of both good and bad credit holders. The borrowers who have poor credit records due to non-payments of previous installments like CCJs, IVAs, late payments, arrears, defaults and bankruptcy are free to apply. The poor credit holders enjoy same terms and conditions that are being offered to good credit holders.