If you are in need of money fast for some sort of emergency expense, you will need to explore all of your options. A direct payday loan is money that you borrow directly from a lender, as opposed to going through a broker. There are a number of benefits to getting this type of loan, which is why they have become such a popular option for so many people. These loans are given out by private lenders and not banks or credit unions.
There are some key benefits of taking out a direct payday loan that you will need to be aware of before making a final decision either way.
Many different people can benefit from payday loans, including those who have some sort of emergency expense they need to pay off. If you need to get your car repaired so you can get to work, or perhaps there are medical bills that need to be paid right away, a payday loan can help.
Also, those who have experienced problems with getting approved by their banks and payday loan companies for traditional loans in the past should look into this option. If you have a crucial expense but don’t have the money to cover it right now, a payday loan could be the solution you have been looking for.
Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
If you are seriously interested in obtaining one of these payday loans, all you have to do is simply fill out an online application and wait to hear back. The application process doesn’t take very long at all, but you will need to submit some personal and financial details. Once you have submitted your application, you will be notified shortly after as to whether or not you’ve been approved.
This is a very straightforward process and it only takes a matter of minutes to complete. It is important that you have all of the necessary information organized and ready to go before filling out your online application. By doing this you will ensure that this process goes as smoothly as possible.
There are some basic requirements that you will have to meet in order to get a payday loan, including:
If you do not meet these minimum requirements, you can expect any application you submit for a direct payday loan to be rejected. It’s never a guarantee that you will be approved even if you meet these criteria, though it is likely because of the nature of these loans.
At Omacl, we will be able to help you get the cash loan you need. We have assisted countless people in getting the funds they required for a number of reasons. Whatever you need the money for, our team of experienced professionals will be able to help. Our policy is to try to help everyone who applies to the best of our ability, so they can get their money fast. We make getting this type of loan as quick and painless as possible, so you don’t have to wait any longer than necessary for the funds you are approved for.