Short Term Loans

I Need Money. How Can I Get Cash Fast?

No matter how smartly you manage your budget, you often run out of money when an unexpected expenditure catches you off guard. There are numerous situations when you feel helpless – medical expenses may pop up or you may lose your job – but this is when loans can help you tide over.

During an emergency, you will need an injection of cash there and then. Instant cash loans can see you through your tough time.

A small cash loan is a short-term loan designed to borrow a small amount of money without further ado in case of financial emergencies.

  • The borrowing limit varies from £1,000 to £2,500.
  • The ideal situations for taking out these loans are a car repair, home repair etc.
  • You will get money the same day you fill out the application form online.

Follow the following steps to get quick cash.

  • Fill in the application form to provide your details, bank details and the amount you want to borrow.
  • Wait for the pre-stage approval. In the meantime, we will run a soft credit check to assess your repaying capacity.
  • Please read terms and conditions of the contract, sign it and then submit it.
  • You will get money within 10 minutes after submitting the agreement.

Can I Apply for Fast Loans with Bad Credit Rating?

Yes, you can take out quick loans despite bad credit rating provided you can afford to pay it back. However, the interest rates will likely be higher than for those with good credit standing.

When you apply for a bad credit cash loans, bear the following points in your mind:

  • You must not have been juggling with multiple debts. If your credit report shows an outstanding debt, the chances of qualifying the loan are bleak.
  • Please provide accurate information about your finances as it serves the basis for determining your affordability.
  • Mention a loan amount you can afford. We suggest using online calculators to know your repaying capacity.

My Score is Less than 561. Am I Eligible for Instant Cash Loans?

There is no denying that EasyCheapLoan provides cash loans to subprime borrowers, but we believe in ethical lending, and we aim to help you tide over, not to trap you in a never-ending cycle of debt.

We try our best to lend money to those who can afford to pay back the loan, and having a score below 561 indicates incapacity to pay off. We do not entertain borrowers with a very poor credit score.

Note: Even if your score is bad, it should not be less than 600 if you want to apply for instant cash loans. If your score falls somewhere between 561 and 600, you can qualify for these loans only if you are disabled or a senior citizen.

I Live on Benefits. Can I Apply for Fast Loans?

Living on benefits is no more a snag if you take out cash loans with us. As long as you can afford to take on the loan, you are free to fill in the application form. If you do not have any income source, we will consider your benefits as your income.

We will look into your income statement to analyse your expenses and accordingly decide the disbursal limit. If you have income from rental property, feel free to report it. You will likely get a higher amount if you need.

How Does the Repayment Work?

If you look at the repayment method that mainstream lenders follow, you will find that they require a lump sum payment, but we understand that it can be quite severe to pay off the loan outright. Therefore, we follow the following repayment structure.

  • If you borrow £1,000
    You will pay off the amount in a lump sum on the due date. The term of the loan will be one month.
  • If you borrow over £1,000
    You will pay down the loan in two equal instalments. However, the term of the loan will not be over a month.

What If I Fail to Pay Down the Loan on the Due Date?

Instant cash loans can be expensive, especially if your credit score is not up to the par. Missed repayments will add in late payment fees and interest penalties and pull your credit score, lowering down your chances of borrowing money down the line. If you think you may miss the payment, inform us earlier as:

  • We will switch you to a new repayment plan according to your current financial situation.
  • We will extend the due date without introducing any change to your plan.

If you keep us in the loop, you can escape penalties.

Why Choose EasyCheapLoan?

Here are a few things that make us unique:

  • Our average decision time is 40 seconds.
  • The approval rate is 99.99%.
  • Free financial consultation
  • No hard credit check

EasyCheapLoan provides cash loans with the instant decision at affordable interest rates. So, what are you waiting for?

Apply Now