Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Cash Advance Loans in London up to £5,000

Representative Example: If you borrow £550 over 6 months at a flat rate of 207.6% per annum (fixed) with a representative 1013.3% APR you will make 6 monthly payments of £186.82, repaying £1120.90 in total. Loan term lengths from 1 to 60 months. Multi Month Loans is a licensed credit broker not a lender. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservce.org.uk

Receive the money the same day! With Multi Month Loans

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Representative 1013.30% APR

Understanding Cash Advances for Cash Flow Problems

Suffering from cash flow problems?

Suffering from cash flow problems?

What can I use a Cash Advance loan for?

What can I use a Cash Advance loan for?

What are the advantages of Cash Advances?

What are the advantages of Cash Advances?

Suffering from cash flow problems in London?

If you’ve found yourself faced with an unexpected bill just before payday, then you may be wondering the best way to supplement your monthly income. Instead of opting to put your expenses on your credit card or your overdraft on your bank account, you could consider a cash advance.

Cash advances are designed to ensure that you are able to bridge the gap until your next payday, in order to pay things such as bills and monthly expenses. At Multi Month Loans, we help find cash advance loans from £100 to £5,000.

What is a Cash Advance loan?

A cash advance is a short term loan which can be applied for and borrowed quickly in an emergency. Cash advance loans are repaid, usually upon the applicants next payday, for relatively small amounts, equal to a month’s salary.

How does a Cash Advance in London work?

A cash advance loan  in London works just as a payday loan would. You can apply for these types of cash loans online, within 15 minutes. Once you have submitted your application, a lender will review your application and carry out the appropriate checks to see whether you are eligible to borrow credit.

What can I use a Cash Advance loan for?

As the loan amount is generally for smaller amounts, less or equal to a month’s salary, they are designed to be used in cash flow emergencies for things such as, but not limited to;

  • Home and appliance repairs
  • Appliance replacements and car repairs
  • Utility bills and living costs
  • Rent and mortgage payments

How much can I borrow in London?

We help applicants to find suitable deals with low-interest rates on short term finance, such as cash advances and quick loans. With us, you can apply to borrow £100 to £5,000 in London over periods starting from as little as a month to 2 years (24 months).

How long can I borrow for?

At Multi Month Loans our loans can last as little as a month, to 24, depending on the amount you wish to borrow and your circumstances. So whether you decide to borrow for periods of 6 months or 12 months, or make the total repayment on your next payday, it’s up to you.

Usually, cash advance loans are repaid upon the applicant’s next payday and should not be used for long term periods.

What are the advantages of Cash Advances in London?

There are many benefits to borrowing over a duration of a year; these include;

  • Larger loan amounts: as the repayment period is longer than some short-term loans; you may be able to borrow larger amounts.
  • Paying less interest: as the repayment periods are longer, some lenders may offer you lower interest rates (pa fixed) – always check rates before you accept your offer.
  • Spreading the cost of your repayments: longer repayment periods can help to make paying your instalments more affordable.

What are the disadvantages?

While these loans are great for helping you in a short term cash flow emergency, they should not be used for long periods. You should always ensure that you only borrow what you need to cover the costs of what you need, to make sure you are able to repay the loan amount in addition to any fees or interest as stated by the lender.

Borrowing more money than you can afford to repay back could cause financial hardship in the future, and it is any responsible lender or broker’s responsibility to safeguard your best interests.

For more information on how to deal with debt, you can visit the Money Advice Service.

cash advance loan pounds 1200

FAQs

  • How do I apply for a Cash Advance in the UK?

    To apply for a cash advance with us; you will be required to fill out an application form with the following information;

    • Personal details
    • Financial information
    • Employment and income details

    Once your application has been processed and you have approved, you will need to agree to the terms and conditions issued by the lender. When this is agreed your loan will be processed and can be transferred to you in as little as 24 hours.

  • Am I eligible?

    Different lenders will have different lending criteria which you will need to meet in order to be eligible to take out a cash advance loan. At Multi Month Loans, we require that all of our applicants are;

    • 18 years of age or older
    • Earning at least £750 a month
    • UK resident for the past 3 years
    • Valid UK bank account holder

  • Why choose Multi Month Loans?

    We specialise in helping applicants to find cash advances to help them until their next payday. If you’re looking to borrow a cash advance for £100 to £5,000, from periods starting from a month, see how we can help.