MAKE TODAY YOUR PAYDAY!
At Monkey Loans you can get a quick, easy short term payday loan of up to £1500. There's no paper work and no phone calls. The application is completely online and can be completed in 60 seconds.
A Monkey Loan is a great way to cover short term cash flow issues, helping you avoid expensive credit card or bank charges. You can pay unexpected bills or even just treat yourself or someone else.
Don't waste any more time worrying about those unexpected money problems and make today your payday with Monkey Loans.
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Sometimes in life, we just cannot wait until our next payday. Occasionally we have unexpected costs that we just cannot meet. It is in times like this that a little extra helping hand is just what we need to get us through to our next payday, saving us from going into debt or falling behind on rent or other payments. This is where cash loans can help.
Cash loans, also known as payday loans or cash advances, are small short term loans that are borrowed until the borrower receives their next wages. Usually, in order to get a loan, you need to provide evidence of employment or past earnings. However, the rules do differ slightly between lenders.
Originally, cash loans were provided by payday lending shops, where the borrower would visit and get a small loan to be repaid from their next wages. The borrower would give the lender a post-dated cheque of the amount they would be required to pay back. The borrower would then be expected to return to the shop at a later date to repay the loan, and if they didn’t, the lender would be able to redeem the cheque. If there was not enough money in the borrower’s account to cover the cheque, the borrower would be charged a bounced cheque fee by their bank.
These days, although it is still possible to get payday loans in that way, it is now possible to get them online. This is usually a very quick process, where you select how much you want to borrow and for how long, fill in a few details, and then receive your money a short while later.
So, why might you need a cash loan? There are various situations in life that can take us by surprise, suddenly costing us extra money, such as:
- Needing to get your car repaired, either due to an accident or just due to wear and tear.
- Paying for a hire car while your own car is being repaired.
- Visiting an ill friend or relative in hospital far away.
- Expensive dental treatment, such as having a crown fitted.
- Unexpected house repairs, such as broken roof tiles or leaking water pipes.
Whatever the reason, a quick cash loan can be just what you need to get you through to your next payday.
Originating from the US, payday loans have become a fast growing industry in the UK. It is estimated that 1.2 million people in the UK will take out a payday loan to help them with their expenses with up to a total of £1.2 billion being borrowed annually.
Insolvency advice experts have estimated that in the next six months, 500,000 people living in London alone, will use a payday loan to help them with the costs of the festive season.
A payday loan is a short term loan that can be paid immediately in to the bank account as soon as the application has been approved.
Loans like this can be helpful in situations where money is short and the next payday cannot come fast enough.
Many companies offer an easy online application and approval. The money can be deposited in to the dedicated bank account within a short period of time whilst some companies even claim that money will be deposited in to the bank account within a period of 30 minutes or a 1hr.
To be eligible for a payday loan; one must be 18, a resident in the UK and employed. There are some companies who offer payday loans to those who are in part time employment too. A person must also have their wages paid in to a bank account where a debit card has been issued.
Once the application has been approved, usually within 5-10 minutes, a borrower can choose how much they wish to borrow and have payment almost instantly.
However, a payday loan does have a high interest rate which could cause difficulties if it has not been repaid when the borrowers pay cheque was due to be debited. Late repayments could lead to the borrower incurring costs such as bank charges and payday lender charges in instances where a cheque has bounced or the payday lender has debited the money from the account although it has insufficient funds.
Payday loans are definitely not a good idea for those cannot be confident of paying back their debt at the time their employment wages are received as the high interest rates could leave them in a far worse debt.
However, for those who are genuinely using this as a short term loan to help with a rainy day or a difficulty where they cannot wait till the end of the month; then this is a viable option where instant cash is guaranteed and there is minimum fuss and quick approval subject to eligibility.
Quite a number of people are suffering as a result of unfavorable economic conditions. Even people with stable jobs and incomes are finding it increasingly difficult to make ends meet. The reality is that with such hard times, you might need a little bit of financial assistance every now and then in order to survive. Financial emergencies are a reality and the worst thing is that they tend to hit when one is completely cash-strapped.
A bank is never really the best place to go when faced with a financial emergency. This is because for one, the loaning process is quite involving and usually takes quite some time. Banks have to check your credit history to determine whether you are worth investing in or not. If you need money fast and have been badly affected by the economy then this is one option you might want to give a wide berth.
The good news however is that it is possible to get the assistance you so desperately need without going to a great deal of trouble. One simple solution is taking a fast loan. Just as the name suggests, fast loans can be obtained quickly hence enabling you deal with your financial emergencies as soon as possible. Unlike bank loans, you will not be required to provide security and neither will you be subjected to a credit check.
The requirements for getting fast loans are simple and straight forward. You will only be required to provide your bank account number and proof of income. Of course you will also have to state the amount of money that you need and the period that you need it for. Other basic details like email and name might also be needed but nothing too complex. In short, as long as you have an income and are 18 years of age or above you can benefit from payday loans.
The best thing about quick loans is that they are indeed quick. Once you are done with the application process which should typically take you a few minutes, you only have to wait for a short period of time for approval. Once the approval comes through, your bank account will be credited with the requested amount; all this will be achieved within 24 hours. When the agreed upon date for repaying the loan comes, you do not have to bother yourself with the undertaking; the amount (plus interest) will automatically be withdrawn from your account. Needless to say, fast loans are very helpful and convenient.