Instant loans online are easy to come by, but which options are the best? When sifting through what seems like a plethora of quick and easy loan options to choose from, make sure that you choose one that’s fair to you and your financial future.
Unfortunately, unexpected emergencies and expenses have a sneaky way of taking us by surprise. If you need a bit of bridging cash to help you get by, or just to your next pay day, you need to avoid choosing a lender that ties you into a long-term, financially exhausting contract.
Choose the Right Quick Loans Online
Want the best instant short term loans online from direct lenders? Here’s what to look for:
- 15-minute or less online application and approval waiting period
- Same day cash loan pay-out
- 100% digital, environmentally responsible application process (no paperwork involved)
- Loan amounts from £100 to £5,000
- Repayment periods from 1 to 24 months
- Low APR (What is APR? Learn more about APR)
Instant Loans with No Credit Check?
If you are in dire straits and looking for quick instant loans, you are probably worried about your bad credit history. Many people live in fear of their credit score, but what if we told you that you don’t have to? You have probably heard of instant loans no credit check deals, but are they real? The truth is that they aren’t.
‘No credit check loans’ don’t exist – but you can still get a loan with a poor credit score, even if you’ve had money problems in the past.
Your credit record will be referenced for each and every loan, credit card, or account that you apply for. The good news is that while your credit score will be looked at, it’s not the sole deciding factor. You can still get an instant loan online, even if you have a less than perfect credit score.
The Issue of the Credit Check… is it Hard or Soft?
You might be wondering what we are talking about when we say “hard” or “soft” credit check. Now is when you have to pay attention! While your credit score isn’t the most important factor in your credit application, how the checks are carried out can have a negative impact on your financial situation and credit record in the future.
We leave no credit check trace on your credit record
If you apply personally for instant loans online, direct lenders that you apply with will carry out individual hard credit checks against your name. These checks are referenced on your credit report and can reduce your credit score in the end.
Soft credit checks are the best way forward
At Multi Month Loans, we only carry out a soft credit check. This means that there will be no record of the check until such time as your loan is approved. Then a hard credit check can be carried out. Avoid applying for individual loans and negatively impacting on your credit record as a result.
Who Can Get Quick Instant Loans Online?
Can anyone just get quick instant loans online or are the requirements fairly strict? What makes quick loans online preferable to applying for traditional loans at high street banks? The fact of the matter is that quick instant loans can have you paid the cash you need into your bank account on the very same day that you apply! Applications and approvals take just 15 minutes – what more could you possibly want?
You can apply for instant cash loans and expect approval if you meet the following requirements:
- You are 18 years of age or older
- You are a citizen of the UK
- You have an active UK bank account
- You earn a regular income of at least £700
- You can afford the monthly instalments
Small Payday Loan Options for Unexpected Expenses
The beauty of payday loans is that you can loan a relatively small amount with an affordable interest rate and can pay it back over a short period of time. This means that you aren’t tied into a lengthy loan contract. Most payday loans are paid back over 3 months or on the very next payday, however, loan applicants can choose the loan period that best suits their financial situation and needs. Typically, the choice is to repay the loan over 1 to 24 months.
What most people use instant online cash loans on:
- Car repairs and maintenance
- Unexpected medical care
- House repairs
- Accidental damage to property or valuables
Multi Month Loans Instant Loan Options | Apply for Instant Loans Online Today
If you are ready to apply for an instant loan, simply visit our instant quick loans page and submit your application form. In just 15 minutes, your application will be complete and you will receive approval feedback.