The Very Best Loans with Loantra
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Sometimes we need a loan to help us afford the things we want in life. Sometimes we need a loan to help make life that little bit more comfortable and enjoyable. And sometimes we need a loan to pay the rent, to afford dinner and to avoid catastrophe. This is when loans become desperate loans. The good news is that there are now plenty of options for those who need desperate loans and there’s no need to go without. But when you’re desperate, that makes you susceptible. That means you need to be extra cautious and you need to think long and hard about what you’re agreeing to. This post will help you find desperate loans that won’t make your situation even more desperate…
Securing Loans ASAP through Payday Loans
Majority of us in the UK have experienced a strong need to take out loans ASAP to deal with an unexpected emergency situation or cash shortage at some point in our lives. If you want to have just enough money in your hands to tide you through until your next paycheck arrives, then taking out payday loans asap might be the solution you are looking for.
Payday loans asap in the UK
Payday loans asap are short-term, unsecured forms of credit that are designed to offer cash relief until your next paycheck. The financial products can be used to address unforeseen expenses that may catch you unprepared and can typically aid you in times of cash shortages. And because they are offered in short-periods, from 30 days to a few months, you can only take out a payday loan in small amounts.
The beauty of this form of credit is that it can provide you with a seamless and instant means to obtain extra funding. When used the right away, payday loans can be superb short-term fixes to numerous financial needs and problems.
The quick and seamless application
Generally speaking, payday loans asap lenders are determined to provide you with the easiest kind of application process possible. Taking out quick and seamless funding through a payday loan will only involve a few steps:
- You are provided with a straightforward online application form that will request some basic information from you, including your location of residence and nature of work.
2. The lender will conduct some form of a check to verify the information that you sent and determine if whether or not you meet the basic eligibility requirements for borrowers.
- The lender will make a decision, on whether you are approved of a payday loan or not, almost instantly. If your application is approved, the money will be deposited into your very own bank account a few minutes after.
This is the kind of fast and easy process that you can expect to enjoy with a payday loan. The online application forms are also accessible any time of day and any day of the week. This means that you can take out a small loan ASAP at any time that is convenient to you, whether you are at the office or at home.
The perfect time to obtain payday loans asap
Taking advantage of the kind of fast and easy funding that payday loans provide can be helpful in an assortment of ways. One popular means that payday loans are used in the UK are dealing with emergency expenses that are not part of the day to day budget, including home and appliance fixtures, medical bills, and any kind of crisis that may catch you off guard.
In the same manner, any person in the UK can also obtain a payday loan to make ends meet, for shopping groceries and paying off rent, in times when cash is tight and the next paycheck is still a week or longer away.
How much you can take out
Payday loans asap are offered in small amounts anywhere from a hundred pounds to as much as a thousand. Often, lenders are more willing to hand out the maximum lending amount on return borrowers and those that have incomes levels that can afford to make the proper repayments. Regardless of the amount of loan that you will be approved of, the money will be deposited into your account instantly so you can use it to cover that urgent expense without delay.
Features of Payday Loans Asap
When you need loans asap and you decide to take out a payday loan from a reputable lender, you will normally undergo an application process that is 100% transparent. This means that you will be aware of any and all vital details of your loan agreement such as its interest rates, payment term, and the like, prior to making the final and legally binding signature.
Aside from being transparent, payday loans asap also come in great features such as:
- You can instantly access an application process that can be completed purely online. While there are lenders who have physical branches and offices, its possible to take out a payday loan through the internet with the use of your smart phone, laptop, or personal computer.
- Payday lenders know that you are in dire need of a loan ASAP that’s why you turned to them in the first place. For this reason, they will deposit the loan instantly after your application approval during a Saturday or Sunday and even in holidays. Simply put, payday loans can be transferred to your account without delay, in any given time and day, just a few minutes after your application is approved.
- You will incur interest rate payments for the number of days that your payday loan was used. You have the option to make an advanced payment if you can afford to, so you can save on interest rate charges.
- You also have the option to make partial payments if you can’t pay off your loan in advance. The partial payments you make will automatically be deducted from your payday loan balance making your interest rate payments even smaller.
Qualifying for a payday loan in the UK
The objective of a payday lender is to help you secure a short-term, unsecured loan ASAP, but it will require you to meet some basic qualifications first. This is to ensure that the loan is ideal to your needs and present circumstances and is something that you can genuinely afford.
Thus, when you apply for a payday loan in the UK, the lender will make a decision to grant your credit request based on a variety of factors. Generally, however, the eligibility requirements for a typical payday loan in the UK includes:
- Being at the age of 18 years or older
- Having an active UK bank account that is connected to a debit card
- Must be employed. Those who are part-time employees can also apply.
- A legal resident of the UK
Other important things to consider
Bear in mind however, when you need a long term loan ASAP, then payday loans might not be the ideal options that you can consider. The financial products are designed for temporary cash relief for people who earning a stable source of income that is enough to cover its interest rate payments.
And because the money offered is only at a few thousand pounds at the maximum, its also not a suitable credit option for making major expenses like buying a new home or car.
How to be Smart
Some payday lenders and installment loans are fantastic options when you need desperate loans. For just a small fee, you can have the money in your account right away!
But in other circumstances, these loans can be a bad move and end up getting you into more difficulty. When you’re desperate, it’s easy to make that mistake.
So always compare the prices of different loans before making a decision – don’t take the first offer you can find. Likewise, always make sure that you have budgeted for the repayments and know exactly when you’ll have finished paying it off. This way, you’ll avoid being charged late payment fees and you’ll be able to improve your financial standing in the long run!
See How We Compare to Our Competitors
Representative 49.9% APR (variable). Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable). Repayment terms available between 1 and 5 years. Maximum APR 99.99%
Loantra is a licensed credit broker and not a lender.
We will never charge you for our service and the lender will not increase the rate to cover our fee to them.
We work with over 40 different lenders to bring you the very best rates from across the UK market.
Representative 305.9% APR. Representative example: £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.
Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.
Any collateral you have against the amount may be at risk of repossession.
5 most recent personal loan reviews
My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.
Review posted by Wayne Crouch, Plymouth
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In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.
Review posted by Neil Morrison, Perth
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Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.
Review posted by Anthony Bell, Chelmsford
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All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.