Every person strives to improve his financial standing and standard of living
. This can only happen when ones faces change in his employment or get a hike in his salary. But considering the state of affairs in the recession hit UK; expecting a hike in your monthly income is almost like a dream. So, does one stop dreaming? To help to borrower fulfill his needs, 3 month payday loans are designed.
The monetary aid granted is the same as a payday loan. The credit amount can be used for various purposes such as educational purposes, medical emergencies, pending bills, home renovation, car purchases, and wedding expenses and so on. The lender does not put any restriction with regards to the usage of the finance lent.
3 month payday loans are granted from 80 to 1500 for a period of 1 90 days. The advanced amount has to be re paid at the end of 90 days. The interest rate is slightly higher as they are approved quickly and for a short period. These finances are lent without any credit check. They are thus sanctioned quickly. Minimal documentation is required to be submitted. People who do not have a good credit record are also granted monetary assistance.
The application process is quiet simple and convenient. You have to fill an application form giving all relevant details. The lender will verify your information. Once your application is approved the funds are transferred to your bank account within a span of 24 hours. The borrower must provide the lender with accurate details of his employment condition. The borrower must also provide the lender with his recent salary slip. People whose monthly earning is below 1000 per month are not eligible for this kind of credit. When the lender sanctions the credit, it reaches the borrowers account within 24 hours.