Instant cash payday loans are now probably the most popular type of loan available in the UK
, and being taken up by more and more people each and every month. Considering that the UK finance industry has been in decline for the last couple of years the rate of growth of this part of the industry is quite frightening, but understandable. Anybody who finds themselves short of cash in between pay cheques should look at taking one out.
I am sure we have all been in the situation where the car has gone wrong in the middle of the month or the central heating boiler has decided it does not want to work. This sort of thing always happens when you least need it especially if you like most people live from pay cheque to pay cheque.
There are many companies now offering instant cash loans and they can be applied for and taken out online, over the telephone or by walking into your local retail outlet. Most of these companies will pay the loan out on the day you apply for it making this type of loan very convenient and easy to arrange. The only conditions you need to meet to qualify for a payday loan are quite simply you must be employed in full time employment, you must be over the age of 18 years old and must also have a bank account.
You can borrow any amount from 50 to 1000 pounds and have the cash deposited into your account in minutes. The lenders will charge you somewhere between 20 and 35 pounds for every 100 pounds that you borrow, which when compared to the rates charged by your bank for an unauthorised overdraft is very competitive.
The application process is quick and easy, and in most cases does not involve a credit check. It is so much easier than applying for a more traditional loan, as it requires less information and if approved you can have your money in minutes. It sometimes takes longer for your bank to process the funds that have been sent to them by the lender than it does for the lender to pay out your loan.
So getting an instant cash loan could not be any easier, you can walk in, login or give one of the numerous reputable lenders vying for your business a call from your phone. If you use the internet you can even compare the products from the different lenders to see who is offering the best rate for the amount you need to borrow. Don't forget that applying for a loan today can mean that you get your money today.