Cheap short term loans’ reimbursement terms depend on the type of credit you choose. There are mainly two types of short term loans: payday loans and installment loans. These loan terms are as follows: 

Payday Loans- as the title implies, it requires you to pay the fund back within 2-4 weeks or until the next payday comes. It can be worrying for those whose income is insufficient to be able to pay large part of it to their mortgagor while also seeking at their expenses to go through the month. Looking for a loan with easy repayment? Cheap short term loans are very appropriate for you. It offers you money up to £2,500 over 6 months of repayments.

Installment Loans- these loans are meant to be paid back over 6 months on the days agreed with your lender. Installment loans are easier to reimburse since they do not strain your budget on the due dates. From time to time it's almost like paying nothing, and you don’t need to compromise on other payments during the month because of this installment credit. Looking for the best cash deal? Apply for cheap short term loans direct lenders and get the loan suites your budget to cover your payments like emergency bills.

The borrower must fulfill some of the conditions before applying for these loans like he must be a citizen of UK, an age of 18 years, earning a good source of income from the regular job, owning a debit card against his name and an active bank account. Payday loans amount ranges from 100 to 1,500 with a repayment time period of about 14 to 31 days. As these are short term loans, therefore they carry high interest rates. Sometimes, our expenses exceed our income and in such a situation an immediate requirement of money may bother you for additional monetary help. So in such a situation you can opt for no debit card loans. These loans do not require you to part with your debit card and provide instant financial help.

FEATURES:-

 payday loans are free from time consuming and lengthy procedures. These loans do not involve credit check so the people with poor credit history like CCJs, default, late payment, bankruptcy etc. can also avail this service. You can get the amount ranging from £100 to £ 1500 for repayment period of 14 to 31 days. The borrower can also adjust the repayment date according to their next payday.

ELIGIBILITY CONDITIONS:-

To apply for no debit card loans the borrower should fulfill certain eligibility criteria such as:

1. The borrower should be permanent citizen of UK.

2. He should be having a legal age of 18 years or more.

3. He should be earning steady source of income with the minimum of £1000 per month.

4. Applicant should be working in the same organization from the past six months.

5. He should be holding a valid and active checking account which should not be more than three months old to get the borrowed amount directly in your bank.

HOW TO APPLY?

After fulfilling all the above conditions you can apply for these loans through online mode. You just have fill an online application form with information like name, address, bank account number etc. the credit amount is transferred to your account within few hours of approval.