Tag Archives: uk
Instant Payday loans: Fulfilling needs in an instant!
If any UK citizen is badly in need of quick cash and finds it difficult to wait till his next paycheck to come then he can arrange for the same with instant payday loans. The borrowers can lay their hands on these funds without facing any further delay and glitches in the loan procedure. These loan products are the best way to get decent sum of money for a shorter period of time. Therefore, it is said that instant Payday loans act as a temporary solution amid urgencies and next pay check.
Applying for instant payday loan product is quite easy and simple. The borrowers can employ the same amount for catering to number of purposes without inviting any unwanted attention from the lender’s side. Usually, people prefer these loan products to meet their urgent needs that cannot be postponed in any way be it whatsoever. But for getting such loans, the borrowers will have to furnish some important credentials.
These loan products can be obtained if the borrower meets the minimum eligibility criteria. Another important thing to mention over here is the fact that this loan option is exclusively meant for residents of UK only. So, any UK citizen aged 18 or more, can only apply for it. Moreover, the borrower should also have an active bank account in the UK along with the debit card for proceeding with the transactions. Also the borrower must have a permanent income source with the minimum salary of £1000 per month to back his/her loan plea. Meanwhile, the borrower should be an employee of company on regular basis.
The bad credit holders like CCJs (County Court Judgements), IVAs (Individual Voluntary Arrangements), arrears, defaulters, missed payments etc can also arrange the loan product to cater to their instantaneous cash needs. Along with it, the borrowers who don’t possess any precious asset (to be pledged as collateral) can also avail this loan product as it is a collateral-free form of financial assistance.
The amount thus accessed can be employed for meeting several small and short term expenses like electricity bills, grocery expenses, education fees, home or car repair, unexpected medical expenses and so on.
Under this form of financial aid, borrowers can avail loan amount ranging from £80 to £750. The amount offered depends on personal circumstances of the borrower, his/her income and of course, market conditions. As far as the repayment goes, the availed amount can be repaid back easily within 14-21 days or till decided payday. Meanwhile, the APR (Annual Percentage Rate) offered is little bit on the higher side in comparison to personal loans. Thus, for availing the best deal, the borrower must compare first and then select the best quote out of the available lot, to bag a pocket-friendly deal.
Bad Credit Car Loan Get Your Dream Car despite a Bad Credit
You badly need a loan to get a car but you got a bad credit. How bad can that really be? Very bad one might be force to think but on the contrary it is not as bad as it sounds. Recent studies have shown that the number of individuals owning cars in the UK is drastically growing by the day. One couldnt possibly think that all these cars were bought without loans and it is also very much possible that many of the borrowers of loans were in bad credit too. This is one area where bad credit car loan is making a fast move and growth towards being one of the best loan systems in the UK market.
Bad credit car loan is one of the most popular forms of loan in the UK today due to the rising need of cars for various purposes? But again, it is not always that someone is free from all credit so as to get the car loans that easily. Due to the increasing cost of living, many tend to fall into bad credit and this becomes a stumbling block in getting car loans. And perhaps, it is for this every reason that bad credit car loan is becoming popular among individuals with bad credit yet wanting to own a car.
As with most of the loans that are provided by lenders, bad credit car loan also comes under two categories of secured and unsecured loan. Under the secured bad credit car loan the borrowers has to take the loan against a security or collateral which can be any of his assets or property. However, the interest rates are comparatively lower than the unsecured with a longer repayment duration time.
Under the unsecured bad credit car loan, no security or collateral is involved. The risk is often with the lender. However, he takes advantage of the little higher interest rate. The repayment time is also shorter than the secured loan.
Terms and conditions such as being a permanent resident and citizen of UK, a permanent employee of a company, age category is always involved in all forms of loans. The story is the same here. One also has to prove the same through certain documents which includes bank statement, driving license, passport, etc. Most of these are done to ensure fast and safe approval of the loans applied for including bad credit car loan.
But at the end of the day, bad credit car loan is truly beneficial for those wanting to own a car despite bad credit. It is one loan that will help you own your dream car. Applying for the loan shouldnt really be a worry considering there are a good number of online applications.