Instant Payday Loans are offered to the salaried people for a very short span of time. The loan amount varies from £80.00 to £1,500.00. The funds need to be repaid on the next payday. However the term of the loan can be extended further with an extra payment. You may be charged a late fee if you default in your monthly repayment.
The lenders do not give much importance on your credit report. You can apply for a loan even if your credit report is very poor. No valuation of the property and online searches in land registry is required for the approval of the loan. So it takes a very short time for the lenders to approve the loan and draw down the funds into the borrower’s account. The funds get transferred within the next 48 hours of your application.