Some life instances, for example, a car engine breaking in midway, medical urgency, and debit card declination in the mid of the transaction call for immediate cash. You may not get cash help from the nearest person or your friend if you need it urgently. Savings will not help if you do not have cash at the moment. Situations like these require you to have constant support beside you and get fast cash anywhere and anytime. Here, quick loans emerge as the swift solution to your critical cash needs.
What are quick loans?
Quick loans are a form of short-term unsecured credit for individuals who need cash fast to meet any emergency. These are unique from traditional loans that get sanctioned in 2-3 days after detailed credit and financial analysis. You get the cash within 15 minutes of application without worrying about your credit score. Individuals with fair and bad credit can qualify for these loans. The loans require one to have a recurring income source for approval.
Precisely, a regular 18 + citizen of the country may qualify for these loans with any part-time/ full-time/ pension/ or benefits income. With no security involved, the interest rates stay competitive on these loans. The application process is swift without detailed information requirements. The easy application and quick screening fasten the loan approval process.
Who can qualify for quick loans from a direct lender?
To qualify for a quick loan with us, you should meet the following criteria:
- Should be a citizen of the Ireland
- Should meet the valid age of 18 years to apply
- Should have a relevant debit card
- Must have a regular/ part-time income from reliable sources
- The purpose of the loan should be genuine
- Should be able to afford monthly payments
Always analyse the criteria and use an eligibility checker before applying for these loans. It will help you borrow the right amount per your needs/ liabilities and income. It is critical as every application is subjected to minimal credit assessment. We do not approve any application without it. You get the loan immediately if you meet the criteria.
What are some Pros and Cons of Quick loans?
Though individuals find these loans the easiest to apply for situations like- medical emergencies, car repair, and rental payments, there are some cons. Here are some pros and cons of quick loans:
PROS of quick loans
Check some advantages of these fast loans:
- No collateral or guarantor required to qualify
- Fast access to cash
- One may use the money borrowed for any purpose
- No detailed credit checks. The check does not get recorded
- Comfortable repayments for up to `12 months
Cons of Quick Loans
There are some disadvantages of Quick loans. It is important as it helps in analysing whether the loans are right for your finances or not. It will help you decide quickly. Here are some cons of quick loans:
- Competitive interest rates
- Only borrow a small amount of up to €2500
- Too many fast loans in the credit profile may impact the credit score
- Extra penalties and charges like- prepayment and missed payment costs may increase the overall loan amount to pay
- With no guarantor involved, low-income individuals or unemployed may run into arrears
Why you can take out a Fast loan for?
There are ample reasons to take out a same-day loan.
You must have found yourself cashless in the hour when you need it the most. Nothing can be better than getting cash without delay, critical requirements, or restricted payment schedules. Here are some reasons that you may consider a quick loan as the best resort apart from consolidating debts:
1) Long-distance relocations
Transferring home from one country to another for business setup is exhausting. Be sure about your finances before moving. However, emergencies may arise out of nowhere. What if you need urgent cash to close the moving costs? Here you need cash quickly or else you may lose your flight. Quick loans may help you with instant cash at your location.
2) To clear credit card bills
Credit card bills may make you pay a penalty if you miss the day. Check these fast loans if you are yet to receive your salary and the payment date is near. You may save yourself from additional late fees penalty and credit score slumps. Credit card default affects your credit score significantly. Act fast and get quick loans to clear credit cards and other utility bills timely.
3) Claim inheritance or get started with the proceedings
If you have inherited an estate but do not have money to start with legal proceedings, check out a quick loan. You can get the loan either online or offline. If you have a reliable income but are yet to receive it and your savings are low, these loans can help. You can meet the minimal needs and bridge the amount with some savings to conclude it quickly.
4) Consult a specialist urgently for health conditions
Some health conditions like heart disease, anxiety, pregnancy, and child health issues require consistent doctor consultation. If you are feeling restless but cannot move to the hospital due to cash shortage, quick loans can help. You can use the minimal sum to book an online appointment or reach a hospital nearby for an immediate check-up. Your life matters, do not delay severe health conditions. Get your money now and pay later in easy installments. You do not need to worry about any such cash urgencies when you have fast loan service providers like us beside you.
5) Tenants may treat the interior issues quickly
There is much to manage when you shift to a new tenancy agreement. If you are yet to receive your income for the month or your previous landlord and have not cleared the deposit amount yet, quick loans can help you seal the midway. You can check these loans to fix any pressing problems like- plumbing issues, electricity issues, or repair the main door lock.
Bottom line
You should know these aspects of quick loans before applying for a loan. If your financial situation changes or you lose your job, contact us immediately. As responsible loan providers, we will help you re-track payments with an improved and stress-free loan arrangement.
Quick loans help you meet any emergency and are the best solution to cashless or panic-like situations.
