24-hours cash loans are timely loans for the purposes of emergencies such as instant repairing of a damaged car so that you can attend the office next day, or for avoiding huge late payment penalties by quickly repaying your credit card bills. You can meet expenses towards any family emergency. These loans are also known as payday loans, meaning that you can repay the borrowed amount conveniently when you get your next paycheque on payday.
The loan is usually approved within hours and the loan amount is electronically deposited on the borrower's bank checking account within 24 hours. But the applicants must be a UK citizen of no less than 18 years of age and should be getting a paycheque each month. There should be a valid bank account in his or her name.
Through 24-hours payday loans, you can have access to £100 to £1500 for a very short duration of two weeks until your next payday. You can either repay on the next payday or you have the option of stretching the loan for couple of weeks on interest payments.
Generally, the applicants borrow the loan against a post-dated cheque to the lender. On the due date they can stop the lender from depositing the cheque in the bank by paying the loan in cash.
Bad credit history is usually not a hurdle in getting 24 hour payday loans as no credit checks are made on the applicants. They can borrow despite having CCJs, late payments and defaults against their names.
Compare as many such offers of loans on Internet. Online lenders are competitive and can offer you an amount a comparatively lower APR. With slightly reduced interest rate, you can repay the 24-hour payday loans amount easily on the due date. Ensure that you repay the borrowed amount on the due date to escape from the debt-traps.