A payday loan is a type of small short term loan which you can sue for covering expenditures till next payday. You can easily apply for this loan online. In several cases, whole application can filled up completely online and money loaned can be easily credited to the bank account in same day. A payday loan is a type of unsecured loan and thus it is not dependent on the collateral such as house or car etc. California online loan is easiest to get with only limited formalities.
Usually, when you apply for payday loan, you can borrow any amount up to £300. It depends upon your home take pay. It is recommended to borrow only the amount which you need. Once after successfully repaying the loans with specific company, they may lend you any amount till £750 in further loans.
Who is Eligible to Apply for Payday Loan?
In order to become eligible for applying to payday loan, you must have age of 18 years and have employment with home take salary of at least £750 per month. You also must have a bank account along with valid debit card. In case, you have bad credit history, you can still obtain a payday loan after fulfilling the above mentioned criteria.
How to Get Payday Loan?
Most of the payday loans are available online, thus less time is required for posting of documents. The process of application is also quick and easy. The details required are name, address, details regarding monthly income and employment, date of next payday and amount to be borrowed along with bank account details.
Once after submitting your application, you will hear back from payday loan provider within few minutes. They will drop an e-mail to you with their decision to your e-mail address which you have registered with your application.
Payday loan provider takes their decision to lend you money depending upon the amount you earn and amount you want to borrow. Thus, it is suggested to borrow only the amount which is required actually to raise the chances of acceptance of your payday loan application. In case, your application is sent successfully through e-mail, your loan agreement shows the amount to be lent, repayment date and the amount of interest.