15-minute loans: truth or myth? It can be hard to believe in such a thing as getting loans in 10 minutes, or even 15 minutes, but nowadays quick loans are a reality. Even though quick loans do exist, you will find that many UK citizens still don’t know that a quick and easy loan is just a few clicks away. In fact, if you have 15 minutes to spare, you can go online and apply for a loan with us right now, and have an outcome and possibly even a pay-out, before the end of the day! There’s no need to pick up the phone or even leave the comfort of your home or office – everything can be handled online, paper-free.
Our quick loans are designed to save you time, potential frustration and disappointment. When you apply for a loan online with Multi Month Loans, you will know if you qualify and how much you can loan in a matter of minutes. High street lenders won’t be able to offer you the same type of efficiency, transparency, and turnaround time.
Below is everything you need to know about 15 minute loans at Multi Month Loans.
How to Apply for 15-Minute Loans
Applying for 15 minute loans couldn’t be easier! At Multi Month Loans, we have put some time and effort into ensuring that our loan application process is one of the quickest in the UK. We have designed an online application process that takes just a minute (or less) to complete. All you have to do is provide us with your personal details and we will take care of the rest. Our loan application process is every bit as quick and easy as we claim it is – just read our testimonials to see for yourself!
What do you have to do to get the process started? Follow these quick and easy steps when applying for 15-minute loans with us:
Step 1: Complete the online application form
Step 2: Provide your ID (you must be 18 years old)
Step 3: Wait just 10 to 15 minutes to hear the outcome of your loan
Step 4: We pay loans straight into bank accounts within 24 hours of approval
Requirements for Loans in 10 Minutes
If you want to get cash in just 10 minutes (and who wouldn’t), you have to meet a few requirements. The requirements are simple, but you must meet all of them if you wish to qualify for a loan:
- You must be 18 years old.
- You must be a legal UK citizen and be able to provide identification.
- You must earn a regular income of around £750 per month (if you don’t earn this each month, you can always apply with a co-signatory.)
- You must have an active UK bank account.
- You must complete and pass an affordability assessment.
If you meet with these requirements and make the details and supporting documents available on request, you can apply for quick loans with us immediately.
10 Minute Loans No Credit Check
Did you know that applying for multiple loans at the same time can have a negative impact on your credit score? Now you know! Use Multi Month Loans for a soft credit check that doesn’t negatively affect your credit profile.
You might be thinking that the term “no credit check” loans means that your credit profile isn’t checked at all. That’s not the case. By law, lenders have to check each applicants credit profile. However, if your credit profile shows that you have been actively improving your poor credit score, you can still be awarded the requested loan! You can even check your own credit score before you start applying for loans.
At Multi Month Loans, we can still provide you with 10-minute loans, even if you have a less than perfect credit score. You merely have to prove that you are working on it and that your poor money management decisions are a thing of the past.
15 Minute Loans for Everyone
At Multi Month Loans we understand that needing cash in a hurry isn’t something that’s reserved for those who can already afford all those unexpected expenses that life throws at us. Because of this, we provide quick loans to everyone. This means that we provide loans in minutes for unemployed individuals as well as those who are on government benefits or have a poor credit score.
Multi Month Loan approvals (and rejections) are based on the following factors:
Affordability. Can you afford the monthly repayments (do you have a regular income)?
Current relationship with debt. How much debt are you currently in and how are you handling it?
Age & citizenship. Are you 18 years old and a legal UK citizen?
Applying for a 15-minute loan couldn’t be any easier.
What You Can Use 15 Minute Loans For
Quick loans are designed to provide small sums of money quickly that can be used for unexpected expenses or provide bridging finance. Some popular reasons people apply for quick loans include:
- Household repairs
- Vehicle repairs and breakdowns
- Sudden medical/health issues
- Temporary assistance with utilities and bills
Of course, quick loans can be used for anything, but we advise against applying for these types of loans if you are trying to consolidate debt or cover a major ongoing expense. If you are borrowing money to pay off other debts, you could find yourself stuck with mounting debt.
Responsible Lending with Multi Month Loans
While we make it simple to get loans in 10 minutes, we strongly encourage responsible lending at Multi Month Loans. We always advise our customers on the risks involved in missing payments or being dishonest on loan application forms. Only apply for 15 minute loans if you can afford to repay the loan amount and never apply for a loan “just because”.
The Money Advice Service provides helpful information on how to effectively handle quick loans.
To get the cash you need in a hurry, apply for a quick loan with Multi Month Loans online today.