Payday advance loans UK: Meet the unexpected urgencies without any delay

Oct. 22, 2009 - PRLog -- Payday loans are there to fulfill urgent the needs of the borrower. It is the fact that sometimes the urgent cash is needed to meet the uncertain happenings. Payday loans are the best alternative to get the quick and fast loans. Usually the payday loans are used to fulfill various expected expenses like medical expenses, car repairs or buying of the new car, household needs, school or college fees, travel expenses, room rent, etc.

Payday loans are also known as quick payday loans are designed to help those people who need urgent money. The loan amount of these loans is the £100 to £1500. These loans are short term and unsecured in nature. They range from 2-4 weeks. The borrower can repay the loam amount within 14 to 30 days. The best part of the quick loans is that the process of loan and approval is done quickly. The moment the borrower’s application got approved, right after 24 hours loan amount will be transferred into their account. There are some of the eligibility criteria of the payday advance loans are:

•   The borrower is earning with the minimum income of £1000 per month;
•   The borrower must be of 18 years of age;
•   He/she should be the citizen of UK;
•   The borrower must have active bank account in any bank;
•   He/she should have permanent residential proof.

As the payday advance loans are short term so there interest rate is comparatively higher than other loans. These loans are offered without any collateral to the borrower. Usually these loans are approved for 14 days. The amount of the loan is repaid till the next pay check. The repayment time can be extended up to two weeks. But then the borrower has to pay the late fees included in the payment. In order to get the guarantee from the borrower lender can take the post dated checks.

Now the payday advance loans are just a click away. The borrower can apply for the loan through online as well and from anywhere. This service is hassle free and cost nothing. Bad creditors are free to avail the facilities of these loans. Bad credit is not the hindrance for these people. For more information please visit out site- http://www.paydayadvanceloansuk.co.uk/