In order to be approved for an direct payday loan lender you will need to go through a simple application. The great thing about pay day loans is that the paperwork is less complicated and you can get an approval relatively quickly.
Here are 3 reasons why an instant pay day loan is faster and more effective than a standard personal loan.
1 – A Simple Application: All you will be required to do is simply fill out your personal details such as your name, occupation, how long you’ve lived at your address, age, dependants and a few other small details. You will then be asked to supply a document to verify your residency such as a birth certifcate. If you’re doing it all online you can just scan it through your computer. Alternatively you can fax it. You will also need to send proof of income. this can be in the form of a bank statement. This way the loan officer can check how regular and consistent your income is and work out a payment schedule to fit.
2 – No Credit Check: Instant pay day loans do not generally require a credit check. Provided you gave your details and scanned or faxed your birth certificate that will be sufficient to get a loan. If you have no credit history or if you have blemished your credit record, you will be relieved to know this is not needed in order to get approved.
3 – No Collateral Needed: Another huge benefit in getting an instant pay day loan is that you will also not be required to provide collateral as security. This is a god send to people who don’t want to risk their belongings and valuables or put their house and car on the line. Standard personal loans require you to have collateral so the advantages to getting an instant pay day loan is far greater. Once you have supplied your documents and provided your details the loan officer will calculate how much you can afford to borrow. They will process your application, approve it and give you the funds.
You can apply for £100 payday loans up to £1000 payday loans and get an instant decision