Cash Advance Loans.

You can repay your cash advance loan for a period that suits you. You can apply for repayment terms from 3 to 36 months via Payday UK. People usually choose a more extended repayment period when they are borrowing a more substantial amount and use the short-term periods for smaller amounts. You can select your preferred repayment period when you apply for the cash advance loan.

Some people would recommend you use the form of borrowing that has the lowest interest rate. However, the high APR rates many direct lenders advertise can be misleading. Some people prefer to know how much they must pay over a short-term, and then that the loan is finished. An overdraft can be a good source of quickly accessing some extra money, but some banks take a long time to arrange an overdraft, making it less than ideal if you need an immediate cash advance.

Overdrafts and credit cards can also be useful if you’re very disciplined. To take advantage of the lower interest rate, you must clear the borrowed amount within a specific time frame. Many people find it challenging to get back out of their overdraft permanently once they use it. A payday loan will be over a short-term and have a definite end date, so you’ll always know where you stand.

Payday cash advance loans are available to a wide variety of people, even if you’ve been refused credit in the past. Our panel of direct lenders includes companies that specialise in most areas, including people with a bad credit history. They are far more concerned with your current situation than any past mistakes. Some lenders will have different criteria that must be met, such as a guarantor, but many still offer unsecured cash advance loans without a guarantor.

We use mobile technology to help address the urgency of this type of loan. We’ve simplified the process as much as possible, we’ve made it user-friendly, even for those with bad credit. The whole process can be completed online, saving you time.

The APR rates quoted by some direct lenders can be misleading when compared to traditional loans. They typically reflect the short-term nature of the loan, which only gives direct lenders a short window to make a profit. Some lenders don’t even charge interest on the smaller loans. They agree on a fixed amount instead.