Well, Cheer Up! Cause your worrying days are over as you could obtain a short term payday loan, anytime you like. Applying for payday loan is very easy and simple. The application process of most of the payday loan providers are performed online. You can apply anytime from anywhere you like from a computer with internet access. But computer with internet might not be available all the time. Therefore, some real good payday loan providers are now providing payday loan via SMS keeping your better convenience in mind. This way you can apply for a payday loan via SMS by following some easy and simple steps.
Most of the payday loans are designed to serve the borrower the fastest way possible with following and fulfilling the eligibility requirements. Applying for a payday loan via SMS is even simpler than applying online. With most of the loan provider to obtain an SMS Loan you have to send a simple text SMS mentioning the amount you would like to borrow and the repayment time along with your date of birth. Then you will receive the further procedure in the returning text SMS from the loan provider. You would find the detailed information regarding the process at the website of the loan provider.
These types of loan providers are generally known as direct lenders, who provide fast and short term unsecured loans. Most of the loan amount is also very small. You can obtain up to 1000 pounds under this loan category. Due to the high credit risk and short time period, the interest rate for these loans is higher than the traditional loans from a bank or other financial institute. The loan amount is usually provided for 7 days to 28 days as per your need and convenience. You are expected to repay the entire loan amount including the interest within the agreed time. Otherwise, you have to repay lateness fees and additional interest rate.
Availing a payday loan via SMS is very fast and simple, but you have to fulfill some required criteria to be eligible for obtaining a payday loan, which are very simple. First of all you have to a UK resident and at least 18 years old with a regular income going into an active bank account. Most of the loan providers mainly ensure that you are capable of repaying the loan amount within the allocated time. Direct lenders normally do not hesitate to approve an applicant with bad credit history if they currently possess a regular source of income and capability to repay the loan amount. Direct lenders are using most of the latest technologies to maximize the convenient procedure for their clients. This small cash could be a big help to you at the moment of emergency where you might not have any other option but to wait for your next salary.
If you are an UK resident and fulfill and the eligibility criteria then you can definitely obtain a payday loan via SMS easily. All you need to do is send a simple text SMS with required information and follow the simple procedure accordingly. Credit On Demand is one of the fastest growing new legitimate UK payday loan lenders online who provide loans via SMS.