subject: Instant Approval Payday Loans: Get Against Your Next Payday [print this page] Introduction Introduction
Instant Approval Payday Loans are one of the versions of payday loans. This new version has the distinct quality that it will be approved instantly. The lenders of these finances do not undergo manual enquiry of the borrowers. They follow the trend of Gen-X. They do all necessary investigation online such as checking whether you do have valid bank account or not, your monthly salary is sound enough for repayment or not. In this way they save great deal of yours time. So the loans get approved in minimum time possible.
Loan amount, repayment tenure & APRs
The loan amount is small to meet your small needs. The sum that you van avail will be between 100- 1500. However, these small sums can be of great help to at the time of emergency when you are dying for single penny. No property collateral.
The re-imbursement period is very small. The borrowers can repay the amount taken within 14 to 31 days. As you are taking the loan against your next salary it will not be hard to repay the amount within specified time.
The Annual Percentage Rate of this finance may be high. But one can get the sum at lower interest even as the lenders are under tough competition.
Eligibility
To get approval for the amount one must pas the following mentioned criteria:
The application must be filed by the U.K. citizen only
One must be above the 18 years of age.
The applicant must have sound source of income with minimum salary of 1000.
The applicants must have an active and valid bank account on his name.
Also For the BAD CREDIT HOLDER
Loans can also be easily availed by the people suffering from bad credit. Lenders will easily approve your application if you pass above criteria. Defaults, late-payment, arrears etc will not bar you from enjoying this facility.
Risk
Late payment will invite huge sum of penalty on you. For bad creditor, the list will be enlarged and good record holder will also gain the BIG of bad credit TAG.
