subject: Debit card loans-Debit card acts as collateral [print this page] Debit card loans-Debit card acts as collateral
If you have a debit card and you are in need of fast monetary help, you can go for debit card loans. By pledging your debit card as a collateral security against the borrowed amount, you can get fast financial aid. With the help of these loans, you can face all the sudden expenditures without any delay. These loans are helpful in fulfilling the short-term needs of daily life. You can rely on these loans when you are out of money.
To fetch debit card loans , there are pre-requisite conditions that must be fulfilled by the borrower, which are:
The borrower must be residing in UK for last 6 months
He/she must be at last 18 years of age or above
He/she must be permanently employed in a UK firm
He/she must have a regular income of at least 1000 pounds per month
He/she must hold a valid bank account for the transfer of loan amount
He/she must have a debit card in his/her name
Through this financial scheme, you can fetch the amount ranging from 100 pounds to 1500 pounds. The repayment period of these loans is of 14 to 31 days. At the time of repayment, your debit card is returned to you by the lender. Do make sure to repay in time. Otherwise, the lender will confiscate your debit card. These loans are also accessible by the poor creditors. There are absolutely no credit checks. It does not matter to the lender whether you are holding arrears, defaults, bankruptcy or late payments. You just need satisfying the lender with your repayment ability.
To get cash as fast as possible, use online mode of application. You just need filling an e-form providing basic details and submit it online. If the lender is satisfied with your details, he will wire the requested loan amount into your bank account within 24 hours.
