Sometimes, despite our best efforts when it comes to managing our money effectively and saving, emergencies do happen. If you have ever struggled to pay off an unexpected bill, then you will know how stressful this situation can be. One of the most popular solutions to any of your cash flow shortfalls are emergency loans known as cash advance loans. Cash loans can be described as small, unsecured loans that means you are able to get a little extra cash in your account to tide you over until your next payday.
What Is A Cash Loan?
Cash loans can also be called flexible loans, online loans, bank loans, payday loans, instalment loans, advance loans and short term loans. Cash advance loans are a type of payday loan allow you to borrow somewhere in the region of £100 and £1000 quickly and easily. These loans are typically unsecured, which makes them a popular choice among so many people as it means that the money you borrow is not held against the value of something like a houses or a car. Cash loans differ from a bank loan in the fact that you could be put at risk of losing your home or other possessions if you fail to meet repayments as they are secured.
What Can I Use Cash Loans For?
The great thing about online cash loans is that they can be used for a range of different causes. Once you secure your LoanPig cash loan you have the freedom to do whatever you want with it. Here are a handful of examples of how some people choose to use their cash advance loans:
- Avoid having to pay back costly bank overdraft charges
- Help in consolidating debts and managing debt repayments
- To assist in easing the financial strain of redundancy or illness
- Avoid having to borrow from friends and family
- Manage overall bill and utility bills
What Cash Loan Amounts Can You Get?
Online cash loans are useful in the fact that you get a lot of flexibility when it comes to what loan amount you wish to have. Typically most cash loans range from £100 to £1000, while this varies lender to lender. Here at LoanPig we offer up to £750 short term loans. Small cash advance loans are perfect if you need a little boost to your current financial situation and are usually paid off quicker. Alternatively larger cash loan amounts are better suited for those who require more cash and are usually paid off over a longer period of time.
How Do Cash Loans Work?
Cash loans work in very much the same way as other common types of loan. Applying for cash loans online with LoanPig is easy and straightforward, taking up only a few minutes of your time. Once you have completed your cash loan application online, we then use our innovative technology to match you with a reputable lender that is best suited for your needs.
Will I Get Reminded To Pay Off My Cash Loan?
Rest assured that once you are accepted for your desired cash loans amount and receive your money, your repayments will be taken out of your specified bank account automatically. You will be sent notifications through email or via text leading up the day of money coming out of your account which will confirm the repayment amount. It is important to always plan ahead at the start of the month and make sure you always have the cash loans repayment amount ready in your bank account so that you do not fall behind on repayments.
When Do I Need To Pay Back My Cash Loan By?
LoanPig have simplified the online cash loans application process and allow you to not only select how much money you want to borrow but also the duration of time which you would prefer to pay you loan off in. Our handy loan calculator allows you to pick how much you would like to borrow and how long you would like to spend paying that amount off for. Our loans can be paid off over a period of 2 to 6 months, giving you a more tailored and bespoke cash loans application process.
How Do You Get Cash Loans?
If you are interested in getting a cash loan to help tide you over until your next payday then why not let LoanPig do all the hard work for you? Applying for cash loans online with us couldn’t be easier; simply use our online calculator to choose your ideal loan amount and repayment period so that you have a better idea of how much you will be paying back and fill in some personal details. Once you have done this, we will get back to you within minutes with a decision about whether you are eligible for a quick cash loan!
Where Can I Apply For A Cash Advance Loan?
There are currently a wide range of cash loan lenders operating in the UK. In the past cash loans were applied for through high street lenders, although the invention of the internet and easy access to technology that we all have has meant that more and more lenders have taken to moving their cash loans online. Applying for cash advance loans with LoanPig couldn’t be quicker, easier or more efficient as a result of the online only application process.
What Are The Requirements When Applying For Cash Loans Online?
Here at LoanPig we have very straightforward criteria for those looking to apply for cash loans online with us. In order to transform your financial situation with the help of a cash loan you will need to:
- Be a UK resident
- Be at least 18 years of age
- Have a bank account and active card linked to it
- Be in permanent employment or receiving a pension or disability/ living allowance.
If you are able to meet the aforementioned criteria, then you will be well on your way to receiving your desired cash loan amount.
How Quickly Will My Cash Loan Amount Come Through After My Application Is Approved?
Once you successfully complete your cash loans online application you can rest assured that the loan amount you requested will be in your account as soon as possible. Our lenders are highly reputable and will always aim to get your loan amount in your bank account on the same day or on the day after (if your application is completed in the evening, for example).
What Is The APR Of A LoanPig Cash Loan?
The Annual Percentage Rate (APR) differs depending which cash loans company you choose to take out a loan with. Be sure to always compare the APR rates of any companies you are looking to take out a loan with as it could save you a lot of money in the long run. Here at LoanPig we offer a competitive 1261% APR.
What Should I Do If I Am Late Making Cash Loan Repayments?
Making sure you keep up with you cash loan repayments is imperative to ensure you do not fall into financial difficulty. A late repayment could result in adding extra costs to your overall loan repayment amount, for example a typical missed payment fee is £15 and you may be charged an additional 0.8% per day.
Are Cash Loans Safe/ Regulated?
Short term loan lenders were previously given a bad name due to the unscrupulous tactics used by some companies who took advantage of vulnerable customers. Since a few years ago, the FCA (Financial Conduct Authority) have put in place much stricter restrictions and regulations which mean customers are more protected than ever before when it comes to applying for cash loans online. LoanPig pride themselves in supplying people with affordable and accessible cash flow management solutions.
How Reliable Is Loan Pig When It Comes To Cash Loans?
LoanPig understands that security and safety is of the upmost importance for its customers which is why we never store our customer’s details when they apply for our cash loans online. We also make sure that all of the lenders we work with follow an equally secure code of conduct. Our LoanPig website is also encrypted and features a security padlock symbol in the browser bar so you can be sure that your personal details will never fall into the hands of someone else when applying for you cash loans!
What Are The Benefits Of Choosing Loan Pig For A Cash Loan?
If you have struggled to get a loan in the past, it can be disheartening. Here at LoanPig, we have very high acceptance rates which mean you are more likely to be accepted for cash advance loans with us than with anyone else! Our dedicated team of lenders are always on hand to offer cash loan solutions for a wide range of financial circumstances, making us a top choice for many customers in need of a positive cash loan solution.
Can I Get A Cash Advance Loan With A Poor Credit Rating?
LoanPig works tirelessly to make sure all of our customers are treated equally when being considered for cash advance loans. While your credit score depicts your previous credit managing ability, we believe that it does not define who you are. We take into account your ability to make repayments and if we believe you are able to make your repayments on time, you will soon find yourself with some extra cash in the bank!
If you need any further details about what LoanPig can do for you when it comes to applying for cash loans, do not hesitate to contact us. You can be sure that we will reach a decision with regards to your application swiftly, so why not apply for your advance cash loan today and watch your desired loan amount fly into your account in no time?!