Do you have a financial emergency?
Even with the best financial planning, you will likely have a cash shortfall. Unfortunately, not all expenses can be put off. What should you do then? Get the same day loan.
Same day loans are quick loans, or you can address them as fast loans too. When an unexpected expenditure catches you, you will need a quick injection of cash. Although there are various types of short-term loans with same day funding, quick loans will help you get money in five minutes after approval.
No matter how well you have prepared your budget, life throws a curveball. When you have cash shortfall, you can immediately apply for same day loans.
The ideal situation to apply for fast loans is an unexpected expenditure, but it does not mean that you cannot borrow money for planned expenses. When saving falls short to cover any high cost, for instance, home improvement, same day cash loans can help you fill the gap. Most common reasons for applying for these loans include:
You are eligible for these loans as long as you have a repayment capacity. Besides, you need to have a functional bank account, should not be underage and be a citizen of the UK.
Follow these steps to get a cash loan same day.
Many other same day loan lenders allow you to pay back in a lump sum. The repayment period is so short that most of the time, borrowers fail and end up with a rollover. Once you extend the length, the cost quickly adds up, posing a risk to fall in a debt web, but EasyCheapLoans policy works in borrowers’ favour.
Our cash loans work differently compared to other direct lenders. The minimum amount you can borrow is £1,000, and the maximum is £5,000. Requirements vary based on the size of the loan.
(We will take into account your repayment potential. We run neither hard inquiries nor soft inquiries if you do not want to borrow more than £1,000. It is why you can consider the quick loans with no credit check as an additional benefit.)
Our fast loans aim at helping both good credit and bad credit borrowers. We aim at helping you tide over during financial emergency, which is why we emphasise repayment capacity.
We will look over your income statement to analyse whether you can afford the loan you are applying for. Make sure that you do not hide any obligation and existing debt. Bad credit cash loans carry a bit higher interest rate. Hiding any liability can pose a threat to your finances.
There is no risk of rejection even if we find that you cannot afford the amount you mentioned in the application form because then we will lend you less than you put in.
Note that this policy is not applicable for £1,000, because this is the minimum amount we lend.
Missing a repayment can increase the cost of debt because it adds late payment penalty and interest. Though you do not have a fear of losing collateral, it will pull down your credit score. Poor credit score whittles down the chances of getting a loan approved in the future.
If you think that it is not possible to make a payment on the due date, you should immediately contact us. If you do so:
Many direct lenders advertise same day loans as payday loans because of features. You get money the same day you put in the application and payback along with interest after 14 days. If you apply for these loans with EasyCheapLoans, they are no longer the same thing.
|Features||Same Day Loans||Payday Loans|
|Payment Method||Instalments||Lump sum|
|Disbursal limit||Between £1,000 and £5,000||Between £1,000 and £3,000|
Since we adhere to responsible lending, we cannot lend you money if you do not have any income source. We have to ensure that you can make repayments.
If you have been receiving any benefit such as unemployment allowances, we can accept your application for same day cash loans. Such benefits also include disability grants, pension etc.
We can be a better choice because of:
Do you need money? Apply for our same day loans today.