There are the basic needs for which we pay bills- like grocery bills, electricity bills and phone bills. And then, there are those odd requirements like car repair bills, medical check-up fees or payment to your plumber. Your monthly salary has to be divided between these two and till now, you have managed it. But suddenly, you remember you have to make some necessary purchases and you do not have enough cash for it. It cannot wait for the next payday which is at least two weeks away or so. Cash advance loans can be of good assistance during such small fiscal dilemmas.
A cash advance loan is a small cash loan which is granted within a short time of your application. Due to its speedy approval, it is favored by many for whom the need is urgent, no matter how small.
A cash advance loan is a convenient loan also because of its unsecured nature. It is not like those loans for which you have to pledge you assets first and then waste time having their market value assessed. Another viable feature is that there is no credit check done for this loan. No matter which type of credit holder you belong to, you will not face any discrimination during loan approval process. However, you should be able to fulfill the following criteria:
o You are 18 years old or above
o You are currently employed
o You are drawing a monthly salary above £1000
o You have a valid checking account.
You can borrow any amount of cash in the range of £100-£1500 through a cash advance loan. The repayment term lasts for a short period from 14-31 days.
Cash advance loans are help you can rely on during emergencies involving small cash shortages. However, they tend to carry high interest rate and might prove a little expensive. You can avail relatively lower rates through an online comparison of loan quotes. But you should make it a point to pay it off as soon as possible. Also borrow one only when your need is absolute.