It is not a surprising occurrence to face a shortage of funds at the end of the month
. Did you ever think though, that your mobile phone could come to the rescue and help you get out of the temporary financial standstill you are experiencing? Well, it is true. 100 text loans are available and are a means of obtaining cash through an SMS instantly and effortlessly.
As the name itself suggests the applicant may feel free to ask for any amount, the maximum being 100. The tenure of repayment extends from 1 to 7 days. In the case of text loans the interest rates are always higher as they are short term advances. In situations when the borrower is aware of his incapability to repay the amount in time, he must inform the lender in advance to avoid having to pay an extra fee. Generally, the time span granted is flexible and can be increased at an additional fee charged on a daily basis.
It is always better to weigh your options before settling for a particular lender. The money one can achieve may not be large, but when you do not have any cash to meet your needs even this amount seems like a lot. Necessary grocery purchases to supply you with food and other items for the week can be made. If there is a sudden medical emergency it can be partly dealt with and so the cash is in fact very beneficial.
To apply the borrower must meet the following terms of eligibility:
The applicant should be a citizen of the UK who is above 18 years of age.
He/she should have a job and a cell phone as well as a bank account.
For one to gain access to this money he/she must first register online. He/she then receives a PIN number which can be used for further transactions through the cell phone.