loans are small and fast loans. There is no need to place any collateral for these loans which primarily contributes to their hassle free nature.
There is no need to fax lots of papers to the lenders to get your loans approved.
These loans are taken for fulfilling personal needs. The borrower can use the loan money to pay the bills, go for small trips or repair the car. The loan amount you can
borrow through these loans varies from £100 to £1500.
The loans are like payday loans and are repaid once the salary for the next month is deposited in the borrower’s bank account. The loan term varies from 2 weeks to 4 weeks. The loan term can be extended with the permission of the lender for 15 days more. But the lender charges extra on the interest rate for this loan term extension.
The rate of interest is high for this loan. But the increasing competition makes the loan rates affordable for the borrowers. The lenders charge interest on every £100 or £50 of the loan.
These loans are available on the same day of applying. These loans are approved within few hours and the loan amount is transferred to borrower’s bank account electronically.
Same day cash loans are available to the bad credit holders as well as good credit holders. The borrowers must be above 18 years of age with a full time job. The salary should be fixed. Same day cash loans are available online. There are some traditional lenders who offer these loans but online lenders do all the loan formalities online. The borrowers can avail these loans sitting at their home.
Mack Dowse has done his masters in finance from Lancaster University. He works for the unsecured loans. For any type of loans as, same day cash loans, , cash advance please visit