If you are a salaried person, and you face unexpected financial emergencies before
you get your next salary you do not need to worry, as loans without credit checks have come to relieve you from these difficulties.
They are advances which come to your rescue, when you face emergencies before your next payday and you do not have funds to pay for them. The borrowers in these advances do not require undergoing any credit check.
They are basically used for clearing expenses which are of a smaller amount ranging from 80 to 1500. As they are short term in nature, hence, their repayment term is also short and ranges from 1 to 30 days. It can be increased to some extent if the borrower requests the lender to do so. However, the lender will charge a fee for the same.
Features:
They are very beneficial to the people who have a bad rating as they do not involve credit check. Hence, even poor credit holders can avail this credit.
They are a very beneficial option as they help in improving the financial standing of an individual.
They are approved very easily and have flexible terms and conditions.
You can avail the amount within 24 hours from the time of approval. The lenders of these types of financial assistances charge a relatively high rate of interest, as they take big risks in them.
Eligibility criteria:
The applicant:
Should be an adult i.e. minimum 18 years of age.
Should be a citizen of UK.
Should have a fixed job and a regular source of income.
Should have a checking account with the bank.
The most convenient procedure for obtaining them is to apply through the internet. The application form is to be filled in by the borrower which is then checked by the lender thoroughly. The amount is then transferred to your bank account.