You should expect to receive the loan amount within a few minutes after your loan application is approved. For this reason, we release funds immediately once applications are approved. Swift Money® understands the urgency associated with cash loan applications. You should expect to receive cash immediately if you are working with a reputable lender. Step 4: If you have filled your loan application correctly, your application will be approved at this point. Please note: Swift Money® offers bad credit cash loans which means you can apply and get a loan if you have a bad credit score or credit history. Lenders also conduct affordability checks to ensure you are capable of repaying the amount you want to borrow. A payday lender may also conduct a background check to assess your credit rating/history. For instance, the lender needs to confirm if the employer you have provided is your real/current employer. This process is important for verifying the accuracy of the information you have provided in your application. Step 3: After submitting your application form, the lender will go ahead and assess the application. If you are applying for an online cash loan, loan applications are done online. Step 2: You also need to read and agree to the terms and conditions of the loan i.e., the payment date, repayment amounts, interest, fees, etc. Step 1: You need to fill an application providing personal details such as your name, physical address, bank a/c information, the amount of money you want to borrow, etc. You will just need to follow the steps outlined below: Getting a cash loan from Swift Money® is very simple. You can get online cash loans directly from a lender or a broker like Swift Money®. They are the best alternative for you when you need money immediately! As the name suggests, these types of cash loans are accessible online. If you don’t want to borrow from your friends/family or high street loan providers, online cash loans are a great alternative. Borrowing emergency cash from dedicated websites ( Online payday loans) Can take longer than a day if the lender needs additional documentation such as proof of income.Ĭ.Let's not even discuss the time value of money. Furthermore, you need to incur transport costs to access the loans. Expensive: High street loans usually attract a higher interest than most short-term loans.You need to visit high street loan providers in person. Not convenient if you live out of town.If your loan is approved, you can get money the same day. Great for settling local financial commitments: You can visit a high street loan provider personally and fill in an application.There are countless pawnbrokers and high street loan providers ready to offer loans in the UK. Borrowing emergency cash from high street loan providersĪlmost all high streets in the UK have loan providers. It’s also a bad option when you need more than £100.ī. Borrowing from friends and family members may be a fast and great option (interest-free) however, you risk damaging your core relationships if you have repayment problems. You also risk straining your friendship/relationship with your friend/s or family member/s if you are not sure about the repayment date. Furthermore, you may already have an unpaid loan, so you find it difficult turning to the same people for help. Borrowing emergency cash from friends and family membersĪlmost everyone has borrowed money from friends and relatives, however, it’s not an ideal option when you don’t want everyone around you to know your ''business''. Each of these sources of emergency cash has pros and cons.Ī. You can get emergency cash from three main places namely friends or family members, high street loan providers or dedicated websites (lenders/brokers).
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