Your financial resources have reached a low point. Now imagine these scenarios: your car has just broken down and you need cash to pay the mechanics; a family member has met an accident and you have to pay the medical fees; your cable guy arrives nagging and set a deadline for the bills. These are situations experienced by a lot of people and there is no foretelling when they might happen. It is always to be informed about the options that you have just in case you are visited by such emergencies. An instant cash loan is one of them.
Instant cash loans are short term loans that are approved really swiftly. You don't have to provide collateral or show an excellent credit record to borrow them. You only need to be in a position that satisfies the following:
* You must be 18 years old or above
* You must be fully employed
* You must be drawing a monthly income of £1000 or above
* You must have a current checking account
These basics are the only eligibility criteria. By filling an application form where you fill details regarding them, you can have the much needed cash electronically wired into your account within 24 hours.
Instant cash loans are available for a sum in the range of £100-£1500. Such a package is enough to fund cash shortages which are small in amount. A period of 2-4 weeks is the average loan term of these loans. Considering the fact that these loans are charged high interest rates, such a short repayment term could prove to be beneficial. However, if you are not able to make the payment during this period, you can request for an extension. The amount will be rolled over for a length of time which is decided by your lender. This facility will probably cost you an extra fee but most definitely will not be recorded in your credit report.
Instant cash loans are thus an effective solution to your urgent cash requirements. Always make it a point to shop for reasonable interest rates before signing on a loan deal.