Are you desperate for cash loan? Have you many questions about how a cash loan works? We hope to answer some of the questions you may have about cash loans, and see whether they are the best fit for your circumstances.
Desperate for cash loan, but what are they?
Cash loans are ideal for situations when you need money quickly. They are a way to borrow a small amount of cash over a short period of time.
You can use the cash for anything from an unexpected car repair bill to being able to put food on the table.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
If accepted for a cash loan you may receive the money the same day which is brilliant news if you need the money fast.
What is required when applying?
Typically, the application process for a cash loan is quick and easy. You can either make an application by phone or apply through the lender’s website.
The application form requires information on your personal circumstances, as well as your employment details. Once this form is completed the lender will review it and assess your credit score.
If approved you will be required to confirm that you agree to the companies conditions and the details of the loan, i.e. interest being paid and the amount being paid back.
When this is all correct the lender will release the cash to you through whichever means you have agreed, i.e. Cheque, bank account.
What can I use the money I receive for?
Once you have received the money you can use it in any way you deem important. Regardless of what you use the cash loan money for you will still be responsible for paying back the whole amount of the loan you received, plus the agreed interest.
Where do I find the best loan on the market?
The best thing you can do is to click on the banners on this page. You will be taken to great providers that offer a range of credit options, as well as different borrowing terms.
Just be aware that the longer you borrow the cash for the more expensive it will be.
A cash loan, however, is excellent when used correctly and ideal for short term borrowing.