What Is a Quick Cash Loan?
A quick cash loan is designed to cover your short-term financial expenses. We understand what a hardship it can be to find yourself needing fast cash unexpectedly. This kind of loan is very convenient to access because there is no need to visit your bank in person; the whole process can be completed online in minutes!
Get Cash When You Need It Most
Get StartedWho Might Need Quick Cash Loan?
To get a quick cash loan, you will need to answer a few questions online, and if approved, lenders will deposit funds directly into your bank account. You may want to consider taking out a quick cash loan if any of the following situations apply to you:
- Need fast access to funds without waiting for approval from a traditional lending institution.
- Want quick access to funds with collateral requirements.
- You have no credit cards.
- You need money now but don't want to take out an overdraft with an ongoing fee.
What Are the Eligibility Requirements for Getting a Quick Cash Loan Today?
If you're looking for same day loans like quick cash loans, there are specific eligibility requirements that you need to meet:
- You must be over 18 years old.
- You must have a good source of income (e.g., a salary).
- You must reside in the United Kingdom and be able to provide documentation proving this fact (e.g., a copy of your passport or driver's licence).
- Provide your paystub or bank statements showing the amount you receive each month.
How to Apply for a Quick Cash Loan?
Getting a quick cash loan from FastPaydayLoans can be an excellent way to get your money. The application process is straightforward. Here are the steps to follow.
Fill out the Online Application Form
Fill in the online application form with your personal information. You may need to provide additional documentation, such as bank statements. Once you submit your application, the lender will review it and determine your eligibility for a loan.
Receive Offers from Our Lenders
Upon submission, your application details will be sent to our lenders directly. They will do a careful review and give you an instant decision. You may compare different quotes from them and pick out the one with the best terms and conditions.
Get Your Cash
Once the lender has approved your application, they will deposit funds directly into your bank account within 24 hours. The exact time you will access the funds depends on some external factors, including your back policy and whether it is on weekdays or weekends.
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).
How Flexible Is a Quick Cash Loan?
Quick Cash Loans are usually very flexible when it comes to repayment options. You can choose whether or not you want to pay weekly, fortnightly, monthly or in just one payment if you can afford to do so. These terms are dependent on the lenders themselves, so this is something for you to check and compare before borrowing money.
Will I Get a Loan Beyond My Ability to Repay?
If you have a steady income, you should not have to worry about being approved for a loan beyond your repayment ability. Our lenders do not lend to you unless you currently receive enough income to pay back the loan. We also do not lend any more than you can afford to pay back. We recognize that sometimes life happens, and you need extra help. If you have fallen behind on your payments or are having trouble making ends meet, contact our lenders for an amicable solution.
Frequently Asked Questions
Can my credit rating be adversely affected by a quick cash loan?
Getting a quick cash loan will not harm your credit score if you repay it on time and in full. Therefore, it is important to access your ability to the pay back before taking out a loan.
How long should I wait to get my loan?
The process of getting your cash loan is simple and hassle-free. It only takes a few minutes for our lenders to make a decision. Once they review your application, they will decide within 24 hours. We are committed to making sure our services meet your needs and expectations. If you need money fast, we can help. Apply today and get approved as soon as possible!
What criteria do I need to fulfill to be approved for a loan?
The requirements for quick cash loans can vary from lender to lender, but you should follow some general guidelines. It would help if you are at least 18 years old and have a valid bank account. In addition to having a bank account, lenders want to see that you have a steady income and can afford the loan payments.
Will I be able to borrow a second loan?
If you are applying for a second quick cash loan, you should know that it can affect your credit rating. The lender will check your credit history and see if there have been any defaults in repayment of previous loans. It is always advisable to repay the debt quickly and not negatively impact your credit rating. A bad credit score can affect your ability to get loans and other financial services.