Instant Online Payday Loans: Top 6 Features to Know
When a financial disaster suddenly strikes you, then expecting quick cash from offline lenders and banks is of no use. They follow a certain set of rules and don’t give approval before you meet all the required eligibility criteria and submit every single document. However, online direct lenders follow a different lending approach. They understand the severity of your tough situation and offer instant online payday loans that are viable, affordable, and legitimate.
Let me summarise top 6 features of these online funds:
Easy Eligibility Criteria with No Documentation
The online lending companies work on the minimum eligibility criteria policy. If you are 18-75 years old and the resident in the UK then you are perfectly eligible to apply. Unlike banks, these companies don’t ask you to submit any kind of documents. Even your address proof is not required. Just fill your details in the online form of a reliable lender and click on the submit button without adding any attachments.
Quick Approval within 75 Seconds
During a crisis, there is a lot of pressure to arrange funds in the minimal time. You can come out of this pressure by availing the most reliable deal on instant online payday loans with fast approval in 75 seconds. Such quick deals are indeed possible as various direct lending companies process your application without doing a strict check. They quickly review the minimal eligibility criteria and give a positive decision in less than 2 minutes.
All Credit Scores are Accepted
You don’t have to worry about your credit score when you are going to apply for quick funds to a reliable direct lender. Whether you have a zero score or poor score or a good score, you can surely access payday loans for poor credit in the minimal time with no paperwork. Direct lending companies even don’t need your last credit report and disburse the cash without raising any query about your rating.
Get Easy Funds without a Guarantor
With exhausted funds and no employment, it is tough to arrange guarantors. Forget the friends and colleagues, even your relatives start avoiding you. However, you can easily handle this hopeless financial situation by applying for payday funds to any of the leading online lenders. Their no guarantor deals allow you to borrow fast cash on easy terms without a guarantor.
Low APR Payday Deals with No Hidden Cost
Generally, cash advance loans are highly costly, but thanks to the financial technology (FinTech) and high competition between the online lending companies, now various low APR deals are available that can be accessed without paying extra charges. Even some companies don’t ask any upfront charges.
Installments Give Better Financial Stability
If you think, a lump sum is the only repayment mode that you have to choose while applying for no credit check payday loans then you are wrong! Even installment options are available. Borrow up to £5000 and pay off in easy installments in 3 to 12 months. This feature allows to you to access the fast cash without stressing your monthly home budget.