Money for those urgent needs may be obtained through various ways but getting it on time is the biggest challenge that the borrower faces. Obtainment of money before the designated payday of the borrower may not be possible. But with the help of payday advance, the borrowers who are in need of money can get it very easily.
Through this chance that is available to the borrowers, they can get the money they want so badly and that too without pledging any assets with the lenders. All borrowers who need money irrespective of their owning assets or not can take up money easily for their needs. the money may then be used up for any personal needs like urgent car or home repairs, medical expenses, pending bills, electricity arrears, grocery or gas bills etc.
The amount that is available to the borrowers lies in the range of £100-£1500 depending upon the needs and the monthly repayment ability that they hold. Term of repayment of these loans is 14-31 days with the due amount being withheld from the account of the borrower on the next salary day of the borrower.
The borrowers however have to fulfill some conditions of eligibility of these loans which are:
o A regular employment since the last 6 months
o An age of over 18 years
o A regular place of residence since the last 3 months
o A current bank account which is at least 6 months old
o citizenship of the UK
The borrowers may be having a bad credit history and requiring money for their needs. They too will be approved money if they fulfill all criteria. They will be charged slightly higher rates of interest owing to their low credit score but with help of proper research and comparison of the loan deals, they can get lower rate deals for their needs.
Payday advance approved for the borrowers solve their problems a great deal. All the urgent needs of the borrowers can be easily fulfilled on time.