Friday, 13 November 2009

Quick Loans in UK-How it works?

First time borrowing from a Quick loan online lender is always the harder. Confusions about the online process, and questions on repayment and fund transfer are part of the dilemma you face while applying for a quick cash loan. This easy four-step guide guides you in borrowing quick payday loans in the UK .

Step 1: Fill up the loan registration form, click on submit and wait for a few seconds

Step 2: Based on a rapid credit analysis, you will receive a preliminary approval/rejection decision within a few seconds.

Step 3: Once approved, you will reach an electronic agreement page. Sign the agreement and our customer service representative will get in touch with you to confirm the loan transfer.

Step 4: If you receive a loan confirmation before 1300 hrs on a working day, the funds will be deposited in your account the same day (CHAPS transfer). However, this service will attract a fee of �15. If you opt for the free option (BACS), you will receive the funds within 3 days.

Eligibility for payday loans

In order to be eligible for a loan with UK Quick Loans you must:
1. Be at least 18 years of age.
2. Reside and be employed in the UK.
3. Have a bank account with a valid debit card.
4. Have a take home monthly pay of at least �750.