Instant Cash in the UK

Instant cash loans are the ones which a borrower can avail when he is facing a financial difficulty before his next payday. Instant Cash Loans are very similar to Payday loans.

Instant Cash Advantages:

Instant Cash Loans are so called because of the fact that the mode of payment is through hard cash and not via cheques or money drafts. The main advantage of instant cash loan is that a borrower can get the amount usually within 24 hours with a maximum of 2 or 3 days, depending on the amount of cash and the urgency of the cash loan. Some instant cash loan applications can be made online and the prospective borrower does not have to step outside his house. Results, in most cases, are quick and provided online as well. Instant cash loans require no processing time and the borrower does not have to wait for months to get one.

Instant Cash Disadvantages

Instant Cash Loans are popular because of their instant processing and hard cash payment scheme. This makes the money readily available to individuals residing in the UK. UK residents are, however, asked to pay a huge sum of cash as a penalty in the event of them not being able to make the repayments on time. As a precaution, it is very important for the borrower to familiarize himself with various kinds of penalties.

As in any other loan, you are responsible for repaying the instant cash loan in full and not doing so may have adverse effects on your credit history. It is a good idea to get as much information of the process as possible. Having good knowledge of the process enables you to choose wisely and understand the actual costs and penalties clearly.

Active Account Required

The amount an applicant applies for is given to him in small installments. Though it is not a hard and fast rule, most of the lenders require the borrower to furnish satisfactory proof of an active account. As these loans are of the high risk nature, lenders want to have a positive record of the borrower. This will provide the lenders with a security that their loans will be returned.

Instant Cash Repayment Period

The repayment period of Instant Cash Loans can vary from short time spans to periods consisting of a few years. The repayment process of Instant Cash Loan varies significantly from that of Payday Loans. Most Instant Cash Loans promise high interest rates.

Customers in the UK should go for an Instant Cash Loan which offers the maximum number of benefits and is backed up by a longer repayment period. Since you want to get the most out of your instant cash loan, you should do as much research as possible. If time permits, check with a few lenders to see who offers you the best possible deal in terms of repayment.

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UK Loan Calculator

A loan payment calculator computes monthly payments, installments and interest rates of your loan. The purpose of this calculator is to lessen your financial burden and create a balance in your payments according to your wages. This calculator can be used with federal education and most private loans.


When this calculator is used, it is thought that the interest rate remains the same throughout the life of the loan. Another assumption made is that the installments will be constant throughout the period of the loan. Although the results are not as accurate as they are assumed to be, the main purpose is to recover the average arrived at by the calculator. Some of the alternate payments are lesser than expected while others are higher.

Variable Interest Rates

Many popular educational loans like Stafford and Plus have variable interest rates. Generally, the broker through whom you are going to get your loan suggests the interest rate suitable for you. For instance, suggested interest rates are 8.25% for Stafford and 9% for PLUS currently. These are the maximum interest rates you will pay for these loans. Perkins has a fixed interest rate of 5%.

Contingent Payments In Loans

Certain payments are not sure to occur. These are known as contingent payments or contingent income. Graduated and contingent payments reduce the average of the calculated amount.

Available Loan Calculators

You can find these loan calculators on websites of different loan providers. An easy method of observing the variation in different loans is to enter the minimum and the maximum amounts in the calculator. By doing so, you can get an idea of the difference in the installments of the loan.

Advantages And Disadvantages

Loan calculators do reduce the burden on a prospective borrower by presenting an immediate picture of what to expect. Loan payments can be calculated quickly and conveniently. Interest rate effects can actually be seen on payments beforehand. A calculator can help a prospective borrower plan ahead and save accordingly for the payments. It is easier to envisage the long term costs of a loan using a calculator. Such costs are sometimes ignored since the initial payment terms are very reasonable. This can also happen when fine print is ignored. These calculators can also be used to calculate the effects of different payment scenarios. One can insert different possible figures available for property and income and calculate the amount of expected monthly payments. Possible downside of using these calculators can be the absence of personal contact. Certain aspects may be ignored and the prospective borrower may end up with an unrealistic picture of what to expect.

Since most loan calculators have limited input criteria, a payment calculated this way might not be a reflection of actual circumstances of the individual borrower. These aspects usually surface when a borrower actually visits a lender and asks questions. It is safe to say that one should investigate further after using one of these calculators.

Loans In UK

Loans In UK
There has been a steady progress in the lending business. The network of financial lenders and brokers online in the UK is increasing at an alarming rate with every passing year. People have taken up borrowing from the banks as an essential part of their lives. The option of borrowing loans from the bank empowers them with the ability to incur heavy duty expenses even in the event of them becoming bankrupt. It is for these reasons that individuals residing in the UK, place a major dependency upon Bank Loans and various other types of loans.

Secured & Unsecured Loans

There are various kinds of loans available both online and offline by a panel of financial lenders and brokers. Some of them are meant for only specific individuals, and people under certain financial statuses, while others can be availed by all. These loans are available for almost every purpose from buying a house to buying a car and, from financing education to financing a dream vacation. If the loan is a Secured Loan, it is much easier to get an approval for it. As these loans provide the lender with security in the shape of assets, such as the personal property and fixed assets of the respective borrower, the loans can be readily approved by financial institutions in a matter of a few days or weeks.

Bad Credit Loans

Unsecured and Bad Credit Loans at times can involve a tiresome process before the borrowers can get full approval for such loans. The loans are meant for borrowers with a bad credit history as in arrears, defaults, county court judgments, or bankruptcy. These loans are not only difficult to get, but are usually given at high interest rates if approved. The lenders make use of bad credit history records and current employment statuses of individuals before offering such loans. People with low credit statuses have no other choice, but to opt for loans with very high interest rates.

Improve Credit Score First

If a person has bad credit history, he/she should first consider improvising his/her credit rating before opting for a loan which is tailored according to his/her financial needs. Most online lending companies can offer assistance to the borrowers in such situations.

Reasons to get a bad credit loan

Bad credit is no longer an impediment to individuals who might still want to have access to a variety of loans even though they do not have a good credit history. The introduction of bad credit loans have brought a sense of relief to many people who might have otherwise had to contend with harsh times economically had they no option of taking such as loan. Furthermore, the process involved in its application and subsequent approval is not stressful thus making it a good option for many who are seeking such loans.

The reasons that compel an individual to borrow a bad credit loan are quite varied and will mostly depend on the needs that they have to meet and the circumstances surrounding their current financial situation. The most obvious reason for borrowing a bad credit loan is when someone has a bad credit rating which hinders hem from being able to access regular loans from financial institutions when in need. Therefore, these loans extended to borrowers with an undesirable credit rating are a good way of still having access to the much needed funds as there is no other option.

The unsecured loans extended to individuals with a credit rating that is not up to the required standard also allow borrowers to have some extra money in their hands. This extra money can be used to offset some pressing bills and also do some shopping for the family or for the person borrowing the loan. The payment of bills ensures that the borrower has some peace of mind as they work on improving their credit rating and getting back to financial stability. In addition, collection agencies will also be kept at bay as they are paid through the money gotten from the bad credit loan, which means that no more debt is accruing and the borrower experiences relief during their hard financial times.

Having access to a bad credit loan actually plays a part in the improvement of the borrowers’ credit rating. With the money from the credit loan, the borrower can is able to maintain regular payments to their creditors which prevent them from forwarding poor reports to the relevant credit bureaus. The poor reports result in a credit score that is less than desirable which makes access to regular loans in the future much harder because a good credit history is one of the requirements needed.

Do you have a poor credit rating?

Having a poor credit rating is not a good situation for anyone to be in especially if they need to keep borrowing to take care of their financial obligations. Lending institutions that provide loans on a regular basis do not extend their services to borrowers whose credit history is undesirable thereby leaving many of them at a dead end. However, there is a solution that other lending solutions have come up with to remedy the situation so that borrowers with such problems are still able to access loans without a lot of hassle. Bad credit loans are the solution as they are similar to personal loans except that they are given with a loan arrangement that meets the needs of individuals with poor credit.

Getting a bad credit loan which is also unsecured involved a simple process that does not take much time. There are a few requirements that must be fulfilled before the loan is extended but overall the process is of much more benefit to the borrower. The fastest way to access these unsecured loans is by making an application to online credit companies who are able to quickly process the loan as long as the requirements have been fulfilled. Some of the requirements needed include the need for someone to be of legal age or older, resident of the United Kingdom, currently employed and also a valid bank account in which the borrowed money will be deposited.

Most online credit companies provide a form that needs to be filled in with all the required details which is then submitted. The approval process is not too as long as all the information needed has been included. Furthermore, most borrowers are usually in dire financial constraints which are factors that the companies consider so that the approval of the loan is fast tracked. Bad credit loans known as payday loans are specifically designed for borrowers that need money fast, because the approval is within twenty four hours and the amount of money given is also substantial enough to meet the needs of which it is being borrowed for.

As soon as the unsecured loan has been approved it is now the responsibility of the borrower to make regular payments to the lending institution as they offset their bills as well. The repayment process is also flexible and of benefit to the borrower.