In these tough economic times most of us at one point or another has struggled to meet their financial commitments, usually caused by an unexpected bill or even an appliance breaking down and needing to be replaced. This is where a same day loan could help, providing short term financial relief for those that need it most.
Amy GibbonsSame day loans really helped me out of a tight spot. I borrowed £1,000 and had the money in my account in under an hour. I'd highly recommend Same day loans!
At Samedayloans.org.uk we independently compare the best same day loans which are currently on offer from the various same day loan lenders. We will provide you with as many details as possible about the various same day loans, and also provide you with an impartial view of which same day loans offer the best deal for your own personal circumstances.
The repayments can vary drastically on same day loans, so you need to make sure that you are comfortable with the repayments which are expected from your chosen same day loan company. We always endeavour to highlight the best deals and APR rates available to ensure you get the best deals on whichever lender you choose to borrow from.
Payday Loans are basically short term loans, which are intended to help you financially until your next payday. They provide convenience and an easy way to raise a small amount of money in a short space of time. The typical loan amounts usually range from £50 upto around £1500 depending on which Payday loan company you choose to borrow from.
The majority of Payday loans are usually approved within just a few hours, and virtually all payday loans are approved the same day. This is one of the major reasons why payday loans are very popular for those looking for fast cash loans - A typical payday loan can be applied for at 2pm and the cash can be in your bank before 5pm the same day.
The most popular uses of a payday loan include - Unexpected bills including car repairs if it has failed it's MOT for example or monthly bills which may have been previously overlooked.
A payday loan is a very popular choice due to it's leniant approval procedure, and therefore appeals more to those who may have bad credit or CCJs against their name. It is also very easy to apply, as you don't need to fax any information, stand in a queue somewhere or make an appointment with someone to apply for the loan. You can make an instant application via the chosen payday loan companies website.
Cash loans are exactly that - cash loans. They can be granted within 1 hour and they usually range from between £50 and £1500 with the most popular amount being £1000. They appeal to people with a good credit rating and are even more appealing to those individuals with a bad credit rating, due to the ease of being able to receive fast cash loans direct into your bank account within such a short space of time.
Cash loans are usually granted to people with bad credit history, as most lenders do not penalise people for having a bad credit history, especially as quite often it is not the person direct fault..
There are lots of payday loan lenders in the UK market place, with the vast majority of them all offering very similar products. They are basically the companies who will actually grant you the loan you apply for. Every one of the payday loan lenders listed on our website will have different options available to the applicant, and all of the payday lenders we offer on our website will accept almost anyone as long as they usually meet a very simple criteria which is as follows :
The applicant must be over 18 years old The applicant must be a resident of the UK The applicant must have a regular source of income The applicant must have a standard UK bank account which is able to receive direct deposits
All of the payday loan lenders on our website will accept your application to a certain degree. They work with a panel of lenders themselves and they will usually be able to grant your loan to you in a short space of time.
Short term loans are a welcome addition to those people who are looking to borrow money on a short term basis. A short term loan is not always easy to actually obtain, with alot of short term loans being hindered by lengthy credit checks. Also when a short term loan is granted by a highstreet bank, they usually penalise you for paying it back quickly. We do not list any website or company who will penalise you for paying any short term loans back quickly as this totally defeats the object of obtaining one in the first place.
The typical length for short term loans is 30 days. There are other options available depending on the actual lender with some short term loan lenders offering 7 day loans and even 3 day loans, which are usually used for those who need money for a very short period of time for a very specific purpose.
Door step loans are usually smaller cash loans, with the loan being delivered to your doorstep at home, instead of the bank and also the repayments are also collected at your home. They usually have fixed weekly payments, and are very easy to obtain as there is no credit check and you do not even need a bank account. The other added bonus of door step loans is the fact you can extend the loan term if you are struggling to meet the repayments on time - of course this does come at an extra cost, but it also gives peace of mind that the loan can be extended if necessary. The most well know door step loan lender is of course Provident Loans, who have been providing door step loans for over 150 years.
Logbook Loans are a type of loan which is secured against the value of your car or other vehicle. They are used for various purposes such as a holiday, raising some capital to start your own business or just to pay off some exisiting bills. Logbook loans do not usually require a credit check, so they are an ideal solution for someone who may be suffering from bad credit, and they also allow you to borrow up to £50,000. They offer a great alternative to a payday loan lender, if you are looking to borrow a larger sum of money.
The only criteria you need to meet to obtain a logbook loan is as follows :
Is your car clear of any finance ? Do you legally own the car ? Can you afford the repayments of a logbook loan ?
If you can answer yes to those three questions, then you are entitled to apply and will usually be granted a logbook loan.
No credit check loans are loans which are granted without performing a credit check first. The majority of payday loan lenders do not preform a credit check, therefore it makes obtaining a loan much easier overall.
Representative Loan Example: Borrow £180 for 28 days, Total amount payable is £225. Interest rate p.a. 1737% (default) Interest payable is £45. 1737% APR Representative * The actual APR may vary from lender to lender. Sometimes transfers can take up to 24 hours depending on your bank
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