What is payday loan?
A payday loan is a quick short term credit that is available for people who need quick cash to fix a financial emergency.
Payday loan in an unsecured loan taken without collateral or documentation. The loan is taken against the borrower’s next payday.
How to get a loan?
Unexpected financial expenses like family emergency or un-budgeted expenses can be sticky situation when one is cash starved. However, in East Kilbride, there are many lenders in the payday loans industry ready to grant you that temporary reprieve to settle your bills. You can apply for up to £5,000 in payday loan in most outlets or online.
What are the benefits of online loans?
Many websites allow you to compare lenders using parameters like APR, loan granting time, ease of access etc. So, you can select the lender that works for you. Most applications are online and most are fast and easy to use. You can complete application in 10 minutes without leaving the comfort of your couch.
What are the requirements?
To be eligible for a payday loan with most lenders you do not need a collateral. But you need to follow these requirements:
- Be of legal age.
- Have a UK bank account.
- Have a permanent home address in East Kilbride.
- Be employed and have payslips that show the proof of payment.
Most lenders prefer that you have a permanent employment, others will accept part-time employment.