Cash Genie is 'The Responsible Short Term Loan Provider'

Cash Genie is a short term loan provider based in the UK offering same day loans of between £75 and £750. Cash Genie are a responsible lender only offering services to those who can afford to pay the company back.
By: b.waters
Oct. 26, 2009 - PRLog -- Cash Genie is a new short term loan provider offering cash loans of between £75 and £750 that can be deposited on the same day in successful applicants bank accounts.

Through the company's website ( Cash Genie offer a simple and fast application process which takes less than two minutes to complete and gives each applicant an instant lending decision based on their individual circumstances.

Once a loan has been agreed and signed, the money will be paid directly into the applicant’s bank account, usually on the same day ready to be spent on whatever the money is needed for. Whether it is for a bid on ebay, a new car, an unexpected payment or a treat for yourself...Cash Genie is the answer!

Aren’t Cash Genie one of those nasty payday loan companies?

No! Cash Genie takes each and every lending decision very seriously. The responsible lending guarantee offers transparency, trust and complete customer satisfaction. Cash Genie only lend to people who can afford to pay them back and do not loan to people who are seriously in debt or whose finances are out of control. The company's charges are clear and upfront ensuring each applicant is fully aware of what each loan will cost them.

What about the charges? How much will it cost me?

The interest payable is shown on the website using the APR principle (Annual Percentage Rate), despite the loans being offered for a maximum term of 31 days. Therefore the APR rate of 2330% does look very high when compared to other loan rates on the high street. But please do not worry, there is a reason...

To simplify things, Cash Genie charge 30 pence in every pound borrowed for each loan, therefore a £150 loan will cost £195 to pay back.

To draw a comparison, a short term loan is similar to treating yourself to go and watch your favourite Premiership football team play. A single match ticket could cost £100 for a game lasting 90 minutes. However, to annualise this, your match ticket would cost £584,000 or 5840% APR!

Cash Genie are members of the BCCA (British Cheque Clearers Association) and have been certified by the OFT (Office of Fair Trading) to give all clients peace of mind.

The short term loans Cash Genie provide are not a long term answer to the cash flow problems of those in debt; they are a short term solution to those usually in control of their finances who need to raise some cash quickly to tide them over until when they get paid.

For more information on Cash Genie and their responsible lending guarantee, visit the website at:

or alternatively visit the blog service at:

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Cash Genie is an online based lender of short-term loans. Our loans range from £75 – £750 and can be deposited in customer’s bank accounts on the same day as the application.
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