Same Day Loans

Same Day Loans Fit Your Lifestyle

Do you have a financial emergency?

Even with the best financial planning, you will likely have a cash shortfall. Unfortunately, not all expenses can be put off. What should you do then? Get the same day loans.

Guaranteed Same day loans are quick loans and cheap, or you can address them as fast loans too. When an unexpected expenditure catches you, you will need a quick injection of cash. Although there are various types of short-term loans with same day funding, quick loans will help you get money in five minutes after approval.

No matter how well you have prepared your budget, life throws a curveball. When you have cash shortfall, you can immediately apply for same day loans.

When should you Apply for Guaranteed Same Day Loans?

The ideal situation to apply for fast loans is an unexpected expenditure, but it does not mean that you cannot borrow money for planned expenses. When saving falls short to cover any high cost, for instance, home improvement, same day cash loans can help you fill the gap. Most common reasons for applying for these loans include:

  • Laptop repair
  • College fees
  • Tumble dryer repair
  • Medical expenses
  • Cellphone purchase

What do You Need to Qualify for Instant Same Day Loans?

You are eligible for these loans as long as you have a repayment capacity. Besides, you need to have a functional bank account, should not be underage and be a citizen of the UK.

How to Get the Cheap Same Day Loans?

Follow these steps to get a cash loan same day.

  • Fill in the application form.
  • Submit your bank details.
  • Agree to terms and get money in five minutes.

Same Day Loan Payments are Hassle-Free

Many other same day loan lenders allow you to pay back in a lump sum. The repayment period is so short that most of the time, borrowers fail and end up with a rollover. Once you extend the length, the cost quickly adds up, posing a risk to fall in a debt web, but Easycheaploan policy works in borrowers’ favor.

Our cash loans work differently compared to other direct lenders. The minimum amount you can borrow is £1,000, and the maximum is £5,000. Requirements vary based on the size of the loan.

If you borrow £1,000

  • No credit check
  • Weekly payments
  • 14-day term

(We will take into account your repayment potential. We run neither hard inquiries nor soft inquiries if you do not want to borrow more than £1,000. It is why you can consider the quick loans with no credit check as an additional benefit.)

If you borrow between £1,000 and £2,500

  • Soft credit check
  • Monthly payments
  • 3-month term

If you borrow between £2,500 and £5,000

  • Soft credit check
  • Monthly payments
  • 6-month term

Can you Apply for Cash Loans with Bad Credit?

Our instant cash loan aim at helping both good credit and bad credit borrowers. We aim at helping you tide over during financial emergency, which is why we emphasise repayment capacity.

We will look over your income statement to analyse whether you can afford the loan you are applying for. Make sure that you do not hide any obligation and existing debt. Bad credit cash loans carry a bit higher interest rate. Hiding any liability can pose a threat to your finances.

At Easycheaploan:

There is no risk of rejection even if we find that you cannot afford the amount you mentioned in the application form because then we will lend you less than you put in.

Note that this policy is not applicable for £1,000, because this is the minimum amount we lend.

What Happens If You Miss a Repayment?

Missing a repayment can increase the cost of debt because it adds late payment penalty and interest. Though you do not have a fear of losing collateral, it will pull down your credit score. Poor credit score whittles down the chances of getting a loan approved in the future.

If you think that it is not possible to make a payment on the due date, you should immediately contact us. If you do so:

  • We may put you on a new payment method based on your current financial circumstances.
  • You can escape late payment fees by informing us earlier.

Are Same Day Loans Different from Payday Loans?

Many direct lenders advertise same day loans as payday loans because of features. You get money the same day you put in the application and payback along with interest after 14 days. If you apply for these loans with Easycheaploan, they are no longer the same thing.

Features Same Day Loans Payday Loans
Payment Method Instalments Lump sum
Disbursal limit Between £1,000 and £5,000 Between £1,000 and £3,000

Can you Apply for Same Day Cash Loans When You are Unemployed?

Since we adhere to responsible lending, we cannot lend you money if you do not have any income source. We have to ensure that you can make repayments.

If you have been receiving any benefit such as unemployment allowances, we can accept your application for loans for unemployed same day. Such benefits also include disability grants, pension etc.

Why is Easycheaploan a Better Choice?

We can be a better choice because of:

  • Easy-peasy application procedure
  • Outcome in seconds
  • Extension of repayment period in case of emergency

Do you need money? Apply for our same day loans today.

FAQs for Same Day Loans

Can I take a same day loan to improve my credit score?

Yes, you can. Many borrowers take on short-term loans to enhance their credit score to become eligible for a long-term loan. Same day loans are the perfect tool to make that happen, provide that you take one with a loan term six months. A one-month loan will not do anything for your creditworthiness.

I know the loan itself says same day, still how much time does it take to get the loan amount?

Same day loans were devised to solve your urgent money worries. The procedure of getting a loan like this was purposely designed to be less time-consuming.

Their name does say same day, but you get the loan approved within a span of a few minutes after the application is submitted.

How will I receive the amount for these, through cash or an account transfer?

You will receive the amount of the loan the way you want to.

  • If you want to get the same in cash, you will. Our loan agent will come to your doorstep to deliver your money to you.
  • Or the amount can be wired into your bank account by us if you wish to take that route.

Since these loans are applied through online avenues, can I apply for one if I am abroad and there is an emergency?

Yes, you can apply for same day loans, even if you are not in the UK at the time of application. The only thing a direct lender would ask of you is for you to be a

  • British national
  • and have an operational bank account.

Its online nature is what allows you to reap its benefits from anywhere in the world.

Do I need to present my tax returns to the lender as a procedural enquiry?

The same day loan is one of the most time-saving and least cumbersome loan instruments in the financial markets. You can get a loan of this kind in mere minutes. The submission of tax returns and other types of documentation will take away its ease.

So no, you do not need to submit your taxation forms to us when seeking the same day loan.

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