When You Need Short Term Loan Avail Short Term Cash Loan


by Olivia Maaret - Date: 2007-01-24 - Word Count: 300 Share This!

Are you looking for any short term loan? If yes then short term cash loan is the best option for you. Usually, a short term cash loan is given to cover the gap of sudden cash crisis. So, if you are looking for short term loans, avail a short term cash loan.

Do you have urgent cash need? With a short term cash loan, you can fulfill your need. A borrower can use this loan for various purposes, such as, to pay off medical bills, electricity bills and so on. But before availing this loan, a borrower has to meet the following criteria. These are as follows,

• A fulltime employment

• A regular and recurring income

• Having an active credit checking account

• Minimum age should be at least 18 years.

• Monthly income should not be less than £1200

A short term cash loan facilitates borrowers to borrow the amount ranging from £100- £1000. Since, this loan is offered for a short period of time, hence the repayment period of this loan varies within 14-18 days and it can be extended up to one month. But, in that case, borrowers may have to pay extra fee. However, borrowers' monthly income is taken into account in deciding the borrowed amount.

Since, this loan is given for a short period of time, hence the interest rate of a short term cash loan is generally higher. But do not worry. By doing some research, you can avail a short term cash loan with better terms and conditions.

The advantageous attribute of a short term cash loan is its fast availability. Since, borrowers apply for the loan during urgency; hence, it takes hardly 24 hours to get the amount credited to the borrowers' account. So, if you need monetary assistance for a short period, avail a short term cash loan.


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