1 hour loans – Instantaneous pecuniary aid
1 hour loans are specially designed for the people who are trapped in some emergency and require immediate financial help to deal with the emergency. Through these loans you can avail the financial help just within 1 hour. It is the most feasible option which provides you help without any embarrassment or any delay.
Characteristics
As the name only suggest that these loans furnish the cash aid instantly in 1 hour and help you to fulfill your emergency needs like medical bill, sudden car repair, house renovation, organizing small party etc. you are free to utilize the loan amount on any requirement. 1 hour loans offer you financial aid up to £1500 for the period of 14 to 30 days. These loans prove to be very a good helping hand at the time of need. The interest rate is slightly high for these loans because of its short term nature. You can look for cheaper rates on the internet. The repayment of the loan amount can be easily done on your coming payday.
How to apply?
One can easily apply for these loans through online method. You are only required to fill an online application form with some details like name, address, account number, loans amount etc. there is no need to waste your time and energy in visiting lenders office or standing in long queues. You easily apply through your PC at home or office .The amount is transferred to your account just within 24 hours of approval.
Eligibility criteria-
For getting these loans you are required to fulfill certain conditions-
Borrower needs to be an adult.
He must be a salaried one along with the regular monthly earning at least £1500.
He should have citizenship of United Kingdom besides the same residential address for last 1 year.
He must have a bank account in any reputed bank of UK; it should be 3 to 6 months old.
Last, but not the least capability of timely repayment in a loan seeker.
Summary-
Usually these loans are unsecured by nature thus you need not place your valuable property for collateral. People suffering with bad credit history like default, insolvency, late payment, CCJ’s, arrears etc. are also eligible to apply for these loans. Whether you have good or bad credit history it does not matter all. Furthermore, there is no hassle of faxing of documents or extra paper work as online facility is there.
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