1 year payday loans to ensure timely easy cash for urgent expenses

Salaried people often are in need of cash in quick time, especially when they have to get rid of some urgent bills ahead of next payday. Sometimes, there are pressing family expenses that need some financial support. In such circumstances, 1 year payday loans can be an option to fetch you cash instantly. You can pay off these loans as per your convenience.

These loans are called so as the lenders give you a complete one year to pay back the borrowed amount of cash that you took for urgency. Such larger repayment duration means that you can reduce burden on your paycheque. The borrowers can opt for paying back the loan amount in as many installments as they want during next one year.

However, there are some preconditions to borrow the cash. The lenders want the applicants to be in a job that has been paying a monthly salary for no less than six months. Only applicants with a minimum age of 18 years, having a valid bank account are eligible for these types of cash loans. To receive the loan amount, you must also have a bank account. You must be a UK citizen.

The cash amount that the lenders typically offer through such loans is £80 to £1500. However, a lot in determining the amount of loan will depend on how much you earn monthly from your current job. The lending company will wire the loan amount in your bank account within 24 hours. The lenders do not take much time in processing your loan application if it is made online. But you should provide correct personal details so that there is no delay in verifying your credentials of employment, salary and home address etc.

These are unsecured personal loans that you should take out to accomplish some urgent tasks. For instance, you can pay off bills in timely manner to avoid late payment penalties.

Your past cases of late payments, defaults and CCJs do not matter to the lender in providing you the loan. They do not usually subject any borrower to credit checks.

You should be extra vigilant about high APR that the lenders charge on 3 month payday loans. Make sure that you have compared many online lending companies for their competitive rates. Any delayed repayment of the loan installments will attract penalties. So, repay the loan as early as you can to avoid high interest payments to the lender.

Robert Morgan teaches the people about how to avail loans and use them. For further information about 3 month payday loans, 1 year payday loans please visit 1 Hour Loans No Credit Check.