What is a 24-Hour Loan?
The 24-hour loan is a fast loan allowing you to receive cash on the same day you apply for it. A 24/7 loan is just the same as its name suggests. You can acquire it in the daytime or at night on any day of the week in order to deal with your daily life’s emergencies.
Features of 24-Hour Loan
To apply for payday loans online, you don’t need to wait in long queues and fill out much paperwork. You can easily apply online without any hustle and bustle whenever or wherever you need.
No need to wait for a long time before receiving your loan since our lenders will transfer the money to your account after the approval of your application within hours.
Suitable For Bad Credit
If you are one of the borrowers who have difficulties borrowing money from banks because of bad credits, then choosing our 24-hour loan would be an ideal selection. Our 24 hours payday loan direct lenders also approve the application from borrowers with bad credit, they will check your basic financial situation and let you have the loan based on your current repayment ability.
No Security Requirements
Unlike other loans, you don't have to provide any security insurance, making these 24-hour loans from a panel of direct lenders the best option for quick money.
How To Apply For 24-Hour Loans?
Requirements for Applying
To apply for 24/7 payday loans, you must meet some essential requirements.
- 18-year-old or above.
- A resident of the United Kingdom.
- You must have some valid source of income (employed or any other sources).
What Should I Prepare For My Application
Before preceding your payday loan application, you must prepare for some common questions that the lender may ask you, such as an address, income details, and occupation. This information helps the lenders to cross-check your credit details. The positive result of a credit check ensures that you can take a suitable loan and repay it on time.
Steps for Application of 24/7 Loan:
The process of applying for a 24-hour loan is simple and easy. Just follow these simple steps:
Step 1: Start Application
The application process is straightforward. You need to fill out the application form after checking all the eligibility criteria and submitting it. Your authentic application information helps us to know better about your repayment ability.
Step 2: Quick Approval from the Lender:
24-hour payday direct lenders then review your application. Based on your application details, the lenders will make instant decisions. You may accept or decline the offer based on their requirements.
Step 3: Get Your Cash
After the approval of the application, our 24/7 payday lenders will transfer money to your bank account as soon as possible on the same day.
How much would you like?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Can I Get My Loans With Bad Credit?
Financial instability can be hard to face. Borrowing credit from banks and lenders is hectic and frustrating, especially when you have already made multiple unsuccessful attempts.
But having bad credit doesn’t mean you cannot have 24/7 loans. If you have stable monthly incomes and you could repay your loan in time, having bad credits wouldn’t be an issue for applying for this loan.
When will I need to repay my 24 hours loans?
The repayment depends on the time duration of the loan application. It may vary from 1 month to 12 months. Normally, the repayment chosen by most people is 3 months.
How much can I borrow from a 24-hours loan?
FastPaydayLoans allows you to borrow from £100 minimum to £5000 through our partnered lenders.
When to consider 24 hours loans?
Sudden expenses can arise at any time, for example, medical bills, car repairment costs, or unexpected invoices. In case you don’t have enough funds for your financing package in a short time, you could always count on a 24 hours loan.
Are there any restrictions on 24-hour loans?
Yes, there are some restrictions on 24-hour loans. 24/7 loans are designed for your short-term financial needs, but before applying for them, it is mandatory to ensure that you can repay them on time. Delayed repayments would not be acceptable.