In order to avail the loans, there are certain conditions, which you are required to comply with. To do so:-
- You must be employed with access to a regular income
- The age attained should be over 18 years
- Hold an active bank account with that of a debit card
As long as you are capable of meeting these conditions, you do stand a chance to avail the service of these loans.
It depends on the circumstances and your specific need. The lenders do assess your overall income and repaying ability before releasing the funds. In any case, you can expect to derive funds anywhere in between £100-£1000.
Once your loan application has been sanctioned, you will then get a notification from the lender through email or SMS. As far as the loan amount released is concerned, it will be made available to you within 24 hours. In between, you must read the loan agreement and go through the terms and conditions, so as to understand the nuances of the loans.
The lenders on their part, while releasing the funds do not specifically look much into your credit history. To them, your repaying ability is what matters most. If you are in a position to pay back the amount sourced within the allotted time period, then you can indeed acquire the funds with ease.
The Lenders do have an understanding that your current circumstances may change all of a sudden. If you are indeed having trouble making the repayment, then it is better to contact the lenders, so that you can map out a repayment plan that suits your circumstances. Non-repayment of the loans will affect your credit standing and this might make it difficult for you to avail future loans.