What Is a Cash Generator Loan?
Cash generator loans are short-term loans that allow you to borrow up to £5000. They are designed to help you during an emergency or unexpected financial crisis. Quick, easy, and to the point, these loans are straightforward to apply for, and you can have the money transferred directly into your account in as little as 24 hours.
What's the Difference between Secured and Unsecured Loans?
A secured loan is one in which the borrower must pledge collateral or collateralize the loan. A lender uses the value of the pledged collateral as security for repayment. While an unsecured loan means that borrowers don't need to pledge collateral to guarantee repayment of the loan.
Our Cash Generator Loans are unsecured loans, which means that your possessions and assets are not used as security for the loan. The loan amount is determined by the applicant's creditworthiness, income, expenditure history, and other relevant information determined by the lenders.
Where Can I Get a Cash Generator Loan?
Reputable direct lenders offer loans to help people in need of money quickly. If you need a cash converter or cash generator loan, FastPaydayLoans provides an easy matching service to help you find the best lenders in the UK.
Choose and compare lenders which suit your financial needs. We only deal with reputable direct lenders who are FCA regulated. This means that they have all the necessary regulatory permissions to offer the loans, so you can be sure that they are legitimate and safe.
|Why Trust FastPaydayLoans?|
|How much can I take out?||£100-£5000||No obligation quotes|
|Representative APR||49.7%(variable)||Competitive rates|
|Will bad credit be accepted?||Yes||Lenient requirements|
|What are the repayment periods?||1-36 months||Flexible loan term options|
|How can I apply?||Apply online||24/7 available|
How to Apply for This Loan Online?
When you have a financial need, you must get the best deal possible. With FastPaydayLoans, rest assured you will be offered enticing deals to suit you. Here are some of the things that you should do when applying for cash generators online:
Step 1: Start Application
You can start by filling out an application form. The information provided will then match you with a lender who could give you the loan you need.
Step 2: Application Approved
Once your application has been submitted, you just need to wait, and potential lenders will contact you to discuss the terms. Approval is based on the agreement of both parties.
Step 3: Get Your Cash
Once agreed, you will get your funds in no time! Make sure the information you provide is correct to receive your cash. It's that simple and swift!
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 a Cash Generator Loan with Bad Credit?
Cash generator loans are a great way to get cash when you need it. They help you get a loan without having to go through the rigmarole of filling out forms and waiting for approval. However, some lenders do not approve applications from people with bad credit scores. If you have a low score, it may be challenging to secure a loan from these companies, but this doesn't mean that you can't get one.
Our direct lenders give you a fair assessment of your situation and work out a plan. If you show that you are responsible with borrowed money and you have enough income to afford monthly payments, then having bad credit won't be a problem in getting this loan.
Will There Be Any Risks in Applying for Cash Generator Loans Online?
If you’re looking for an online cash generator loan, you have to be aware of some things. You should take time and read the loan terms, make sure that you can afford the payments, and make sure that the company is legit.
Make sure that all of your information is correct and up-to-date. The last thing you want is something to go wrong because there was an error on your part. This can cause delays in getting your money and potential problems with your credit score. There are many scams out there that will try to get your information so they can steal it from you later on down the road.
When you apply for a loan, it’s from a legitimate company. With FastPaydayLoans, rest assured that your information is secure and protected. We take pride in working only with direct lenders who FCA regulates.
Frequently Asked Questions
Will your lenders run a credit check on me?
FastPaydayLoans direct lenders will run a hard credit check. You can request up to £5000 for whatever you need and get it fast! Don't worry about what you can't afford because we'll work with you on payment plans that fit your budget.
If my application is declined, can I try again?
If your application is declined for a quick cash generator loan, there are likely a few things lacking that are preventing you from being approved for the loan. You may be declined because you do not meet the minimum requirements. You are welcome to apply again; however, if your situation has not changed, the outcome will not change.
Am I eligible for a Cash Generator Loan?
You can borrow money from a cash generator loan if:
- You're over 18 years old.
- You are legally resident in the UK.
- You have a UK bank account.
- You're employed or self-employed (with proof of income).
- Be also sure that you are able to afford the monthly repayments before applying.
How quickly will I receive funds?
The approval process from our direct lenders can take as little as a few minutes when you apply for funds with FastPaydayLoan. The lender will review your application and contact you with their decision. In the case of this same day loan, once your application has been approved, your money will be available to you within the same day.