Financial problems invade everyone's life at some point or the other. One may not always have the means necessary to deal with these problems. Payday Loans UK are especially designed to deal with these problems. It provides the borrowers with an easy and cheap way out of their problems.
The manner in which the borrower utilizes the money is not curtailed. This enables the borrower to utilize the borrowed amount for any purpose. This may include expenses such as credit card bills or shopping bills or unexpected medical bills.
This service is easily available since the lender does not require any sort of documentation. The lenders also do not perform any kind of credit check of the borrowers either. The money is lent on the basis of personal guarantee of borrower. The lenders generally lend money in the range of 80 - 1500, with a repayment period of 1 - 30days.
The amount lent is decided by the lender and it depends upon the financial status and credibility of the borrower. The lenders generally charge a higher rate of interest for this service since they provide the money without any security.
The eligibility criteria to be applicable for these advances are as follows;
The applicant should be a citizen of UK
The applicant should be over 18years of age.
The applicant should have a permanent job.
He should be earning over 1000 per month.
He should have an active bank account.
One can also apply for this service online. The online application form can be filled by the borrower at the comfort of ones home or office. Once the form is filled the form is sent and approved within a matter of a few minutes. Once the lender approves the application, the money is transferred to the borrowers account as soon as the next day.