People living on the benefits survive on a limited income. This makes it tough to handle their day to day expenditures let alone the unexpected ones. To help the financial market has designed the payday loans for people on the benefits. From now on, people who are physically challenged or unemployed will be able to borrow the loan without hassles. 1 Hour Loans is a real boon that helps physically challenged and disabled people meet them any short-term expenses on time.
Payday loans for people in the UK is really a good fiscal alternative that lets people have cash in a minimum of time without letting them undergoing any tedious formalities.
Here, the borrower is free to use the funds without disclosing the purpose of availing this cash advance. Expenditures such as medical bills, paying rent, car repairing, tuition fees, grocery bills etc. can be easily sufficed through the loan.
How Much Can You Borrow
Any short-term need can be met through this loan. You can get the same day approval and borrow the range from £100 to 1500 easily. Since it is a short-term category loan, there is no fuss of documentation, but the rates of interests are high compared to the 1 Hour Loans.
The cash borrowed has to be repaid back within the stated time frame or else it can lead to paying an additional sum as a penalty charge along with the amount borrowed. The lender will set you with convenient instalments that you need to repay within 14 to 31 days of time.
To be eligible for a Payday loan with dssloans.org.uk, applicants must meet the following criteria:
- Over 18 years of age
- UK resident
- In employment
- Valid debit card
- Your salary is paid into your bank account
- Working email address and mobile phone
- Not currently in debt management, individual voluntary arrangement or under any bankruptcy proceedings.
- Agree to a credit check
While availing payday loan, the formality of the credit check process is not included. Hence, people running with adverse credit score can borrow the loan and this way gets the chance to improve their credit history. The loan has no paperwork that is really good and fastens the process. To obtain funds through this loan does not include pledging of valuable assets against the borrowed money.
You need not to waste your day visiting the lender personally and then wait in a long queue to get the approval.
“A 1 Hour Loans is a longer term commitment, with more scheduled repayments and, often, a larger loan amount.”
1 Hour Loans process is performed online. To apply for the loan, you just fill in an online application form with the details and send it. The loan approval comes in a few minutes and deposited into the bank account directly.