Do you need cash immediately? Are you looking for money to fulfill unexpected expenses? Now, you can avail the money instantly by sending one SMS. Most of the people do not believe on this facility, but latest technology has made it really simple. Finance is just a click away from your reach with the help of mobile phones and internet. Borrower needs to send text from his/her mobile phone and can expect the money in next 1-2 hours. This fiscal facility is gaining more popularity in United Kingdom with name of text loans. Due to the massive competition in finance market, lenders want to give the best possible services to consumers.
These loans have been introduced to satisfy monetary needs of customers immediately. This finance comes under the category of very-short finance. Applicant can avail the amount up to 100 for next 7 days. This money can be used for any purpose like to buy books, sending a gift to someone special, medical bill, car broken etc. The process is purely based on electronic transfer. Lenders transfer the amount directly into the account of borrower with the help of electronic transfer and deduct the amount as well on the due date from same process. Since the fund is unsecured in nature and provided for very short period, banks charge rate of interest slightly higher.
Text loans do not include any credit check or collateral against the amount. It means, people with poor credit ratings are eligible to avail the finance without facing any trouble. Lenders only concentrate on repayment capacity. If you are earning suitable income and completed 18 years of age with UK citizenship, then you are the best qualifier for this finance.