It's the middle of the month and you face an immediate requirement of cash. What to do now? You know that your budget is going to get messed up. In such times of need all one can do is rely on a small cash loan which will end all worries and budget problems. This is where immediate loans come in. They are meant for your small needs like paying phone bills, taking a holiday, for a party etc. More ever such loans are required immediately so if they are not dispatched to the borrower fast it will defeat the entire purpose.
Immediate loans are small and short duration loans. They range from £100 to £1500. The repayment date is set according to the payday of the of the borrower. The duration of these loans is mainly from 14 to 30 days but it is extendable at an additional cost. They are to be returned by the borrower from his next salary so their due date is kept accordingly. The interest is charged on a monthly basis so taking these loans for a longer duration turns out to be more costly. Since the purpose of these loans is to help people in emergencies they are given within 24 hours of applying. They are transferred to the borrowers account.
Requirements for the loan:
The borrower has to be over 18 years of age and must be a citizen of the UK to be eligible for immediate loans. Next he must have a bank account, since the money is to be transferred to his account. He is also required to have a permanent job with a fixed income. After the lender has seen all of this and is satisfied only then will he dispatch your loan.