Same day Loans
Same Day Loans: Accessible In the Most Crucial Hours
Same day loans were designed in order to assist with an unexpected financial crisis. Most working individuals are paid by the month, and therefore income can be limited at times. When the unpredicted surprise appears it can find them unprepared financially. To cope with this situation a sum of money is needed, and that will only be available on the next payday (which can be a couple of weeks away), this leaves them needy for a quick solution. Same day loans can act as their bridge to help ends meet.
Do I really get my loan the same day?
Borrowers could receive a loan on the same day it was applied for, and the money can be transferred to the borrower's bank account. The only time that a lender may require longer processing times will be due to compliance requirements and manual underwriting and affordability checks where necessary.
How much can I borrow on the same day?
The amount that same day loan companies lend may vary between £100-£500 depending on the borrower need and situation.
A few things to keep in mind about same day payday loans
When applying for a same day loan, be aware that there are a few requirements that must be met in order to be
eligible for the same day loan.
1. Residence- the borrower would need to be a resident of the United Kingdom.
2. Employment- the borrower is required to have a steady job and income.
3. Age Eligibility- adults who are older than 18 are eligible by law for the same day loan.
4. Bank Account- the borrower is in need of a valid and active UK bank account.
5. Availability – Access to a phone, so that the lender can get in touch to process the loan as soon as possible.
CashLady follows strict FCA regulations, and since the stricter rules have come into action, we see less lenders in the market. However, the ones who have remained, are usually the bigger ones with streamlined processes, large call centres, who are able to provide a quick turnaround to make same day loans possible.
we have seen that same day loans, aside from being available and accessible in crucial times, and almost always available the same day, are
extremely user friendly, and can be accessed online, thus being available at all times day and night!