FAQs
What can a short, small term loan be used for
What you wish to use a short term loan for is up to yourself, however it is advised it should only be obtained if essential. For example your car may need a repair and require a 500 loan to pay for the repairs. This is sort of issues is what these short term loans are designed for.
We recommend that you do not take out a small loan to fund a social event.
What you wish to use a short term loan for is up to yourself, however it is advised it should only be obtained if essential. For example your car may need a repair and require a 500 loan to pay for the repairs. This is sort of issues is what these short term loans are designed for.
We recommend that you do not take out a small loan to fund a social event.
What is a short term loan
A small, short-term loan is an unsecured loan that is typically backed by a future source of income, often times a pay check. These loans are referred to as payday loans. These payday loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems.
what is a payday loan
A payday loans is a short term cash advance loan, that is should be repaid over the next 1- 12 monthly instalments. They are small loans from £100 – £1,000 that are normally repaid on your next payday or over the next several paydays. The amount you can borrow will depend on how much your monthly salary and monthly outgoings.
What is an unsecured loan
Individuals that do not own their own home but rent, can take out a cash advance loan from £1,000-£25,000 that can be repaid over 5 years (60 months). This is an unsecured loan, as it is not secured against anything that it can be repaid against. There are a wide range of lenders we with that can help in providing unsecured loans.
How does I Need Cash work?
We want to make getting a cash loan a straightforward, easy-to-follow process and visible results. Our service is 100% online and we process your application in moments while you are waiting.
In this website, there is our cash loan application form. Our form asks, the minimum number of questions needed to ensure our panel of lenders, have enough information to make a decision. This can take up to 3 minutes whilst you are waiting and ask that you do not refresh the page.
When our panel of lenders has decided offer you either a payday loan / unsecured loan / cash advance, you will automatically be redirected to the decision page. Hopefully this will be an offer of a loan, showing you the next step to receive the funds in your bank account – this is normally the same day, however in some cases can take up to 3 working days.
How do I qualify for a loan
Here at I Need Cash, we work with a wide variety of lenders to ensure we can help a high percentage of our customers. However, the main qualifications for a loan are:
– Aged over 18
– UK resident for a least 3 years
– Employed
You can afford the repayments
There are some lenders we work with that may look at different criteria, and you may be able to find a loan even if you are not employed.
What is a bad credit loan
What size loan do you help find?
What information is needed to use the I Need Cash service?
Is I Need Cash a safe & secure website?
Will there be a credit search?
When must I repay the unsecured loan?