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What are the Same Day Loans?

Financial emergencies do not allow you to wait for tomorrow or days after tomorrow. In a few moments of your life, you have to confront some expenses that cannot wait for long. It may be buying a new appliance, paying a necessary bill or raising the bond. Or it may be related to home renovation or car repair. It can be paying the cost of an unexpected trip.

Reasons can be any that may create a problem to arrange emergency funding. They demand solutions on the same day. It is where same day loans can assist you in crucial times.

And when it comes to this, we have an exclusive deal on same day loans in the UK.

These are the short-term loans providing instant financial solutions. Primarily available from the direct lenders in the UK, one can apply online with not much documentation to follow. You can quickly gain funds payable on easy monthly instalments when you feel a bit short of money.

You only need to pursue a five-minute loan application process, and the loan is approved for you. We bring loans on the same day with many more features, such as:-

  • Competitive interest rates
  • Low-cost loans
  • Hassle-free process
  • Easy to manage repayment
  • Easy loan approval

Are these loans Similar to the Same Day Payday Loans?

Many people seem confused about payday loans online with same day loans. It is indeed an obvious confusion that may come into anyone’s mind. Both these loans suit best during the financial emergency with not many obligations to follow.

Even though the nature of these loans is quite similar, there is quite a difference between them. As a borrower, you should know the difference so that you can apply for the right option. We take responsibility for it and familiarise you with all the pointers.

Same Day Loans

Payday Loans

The loan term can be from one month to 12 months

These loans are usually available for a month or until the next payday

Competitive interest rates

Higher interest rates

The amount can be up to £10000 to borrow

One can borrow a maximum of up to £1000-£2000

Loans can be used for urgent business expenses

Largely apply for the personal emergencies

Flexible repayment schedules

Fixed repayments on the next salary day of the borrower

How do I apply for same day loans online?

During a financial emergency, you require quick funding with no formalities to do. We offer online loans on the same day with no documentation. With us, you have three ways to apply online.

  1. On our Website

If you are sitting in your living room or office with a PC or laptop, you can visit our official website here. Click on the ‘Apply Now’ button and submit a single-page online form. The form requires only a few personal details to fill. Once you complete it, submit it as soon as possible. We quickly go through the details and approve your loan application.

  1. By Sending a Text

Do you not have laptop access right now? There is nothing to worry as you can apply from your Smartphone too. Send us a text message and our representative quickly contacts you. Share your loan requirement with him and confirm a loan deal. If everything goes okay, you will get the loan amount within a few minutes.

  1. Cash-at-the-door service

We have another way of same day cash loans online. It is also called a doorstep loan or cash-at-the-door. In this option, you apply online, and our representative contacts you to schedule a meeting at your home. Invite him to your home on the given date and time, and complete the loan process to get the same day payout.

What are the benefits of same day loans from direct lenders?

Same day payout loans are becoming popular day by day. These are helpful financial solutions to those individuals who need a quick cash injection. Still, you may have several questions in your mind, particularly what are the benefits of same day loans?

You want to know the benefits because many loan options are already there in the UK marketplace. You do need to worry about the benefits because we have already covered several of them. Continue to read below to discover same day loans on benefits, which matter to you.

  • No Collateral

These are unsecured personal loans where no collateral is required from the borrowers’ part. It means you are on the safer side with no chance of losing an asset.

  • Ideal for small-term borrowing

Your financial emergency does not need large funding. It can be done only with short term borrowing. These same day loans are enough to bring a small amount in quick time.

  • Lesser obligations

In these short-term loans, the loan approval primarily comes based on borrowers’ income and loan affordability. Therefore, they come with lesser obligations.

  • Same day reach to funds

It is extremely crucial to have instant funding when an emergency is lingering on your finances. Same day loans can do this job for you, as they bring desired funding on the exact date.

  • Flexible Funding

This is the biggest advantage that you have with us. We offer the loans with flexible funding where the interest rates and repayment terms are according to your loan affordability.

Is My Profile Suitable for Same Day Loans with Bad Credit? 

Our wide range of loan products has specialised deals on same day payday loans for bad credit people. Our borrowers, irrespective of their credit scores, get the money into their bank account after smooth loan approval.

We may ask you for extra information like proof of income or a guarantor if your credit score is too low or require a large amount. Otherwise, the application procedure will remain the same i.e. online with minimum documentation. Our personalised deals on these quick loans for bad credit on the same day are flexible and you will agree to the loan that matches your personal ends.

You may have several credit score issues, but we somehow manage to offer guaranteed loans. We know that having a less-than-perfect score may not be your genuine mistake. It is a one-time moment that can be resolved with a perfect solution.

We always believe that your past mistakes should not punish you all the time. Therefore, we prepare bespoke deals on bad credit same day loans.

  • You can borrow the amount up to £7000;
  • You can choose the loan term till 36 months;
  • Reasonable interest rates according to your affordability;
  • We have more than 95% approval rate;
  • Receive the instant decision.

Can I get same day loans with no credit check and no guarantor?

At 24cashfinances, we keep faith in the financial capability of the borrowers with bad credit. You should have access to same day loans. The people with poor credit and those with better credit ratings need loans to have some additional money. Some unexpected bills can come where you did not expect. It can be an urgent car repair bill or a medical emergency that requires immediate funding.

To get that instant funding, you cannot waste time finding a guarantor or approaching a credit reference agency to bring your credit report. We can help you in these circumstances too. We can offer same day loans with no credit check and no guarantor.

  • No Credit Check

Yes, we can consider your application on same day loans with no credit check. You should be performing well into your current financial payments and showing signs of improvement in your credit reports. We also offer loans with no credit check if you are the first time borrower.

  • No guarantor

In need of immediate funding, you cannot go here and there to find a person to take your loan guarantee. We have a solution for this too. You can apply here for same day loans with no guarantor. Repay the loan on your own and improve your credit ratings.

You can see that we are committed to bringing much-needed financial support for you. At here, the best value loan is easily accessible according to your capacity.

Does 24cashfinances offer same day loans for the unemployed?

You are fortunate enough to approach 24cashfinances in the tricky time of unemployment. We have kept our doors open even though you are unemployed. We offer you same day loans for unemployed through the online method.

Losing the job and being a jobless person is indeed an embarrassing moment in your life. It becomes tougher when you have to look after your family alone. Your homeowner will not respite you and demand the house rent, or some illness will not look into your financial condition.

Despite being unemployed, you need a short-term loan to continue the cash flow and fill the financial gap. If you approach a traditional institution like a bank, there might be a chance of loan rejection. It is because you do not suit their eligibility criteria. What will you do? Does it mean that you do not qualify for a loan?

There is no need to worry a lot, as direct lenders like us have the helping hand. However, you must be earning at least some sort of income. It can be from your part-time job or rental property. Unlike other lenders, we can reckon the income that you are generating through various benefits, including:-

  • Unemployment Benefits
  • Pension Funds
  • Social Security Funds
  • Dividend Payments
  • Income from Spouse
  • Retirement Benefits

I am a non-homeowner. Can I Get Same Day Payout?

We are the responsible direct lender providing non-homeowner guarantor loans on same day payout. It means you can have a guarantor who is a tenant to be eligible for our loans. These are also called tenant guarantor loans in the UK. We follow flexible lending where all kinds of guarantors, credit scores and employment statutes can qualify for the loans.

There are no upfront charges applicable, and our site is also free to use. By clicking on the submit button, you will be approved to avail of a loan and get fund disbursal within a single day.

However, if your guarantor is a non-homeowner and you are likely to get accepted, you still need to fulfil certain criteria:-

  • Your tenant must have a good credit score;
  • He/she must be earning a full-time income;
  • He/she must be able to repay the loan if the primary borrower defaults.

You know that same day loan applications are accepted if the guarantors are the non-homeowners. Still, we suggest you research hard to find a good guarantor who should have satisfactory financial performance.

What are the Cons of Same Day Loans?

Same day payout loans have advantages for the borrowers, which are indeed good to obtain. At the same time, these loans have some disadvantages as well. As a borrower, you should always do a comparative analysis of a particular loan so that you can have an attractive deal.

Here are some of the cons of same day loans that you should know:-

Loans can be expenses: These are short-term loans and unsecured as well. Therefore, you may have to pay a slightly higher interest rate.

You may fall into a debt trap: Loans on same day payout are easily available, so you may want to apply for them again and again. Therefore, it may lead you to more debt trap.

You may not have same facility on borrowing large amounts: These loans are meant for only a small amount, so they are available on the same day. However, the same facility may not be applicable when you want larger funding.

24cashfinances offers you fee-free advice through our loan experts. They will guide you as such so that you do not have too much impact on these disadvantages of same day loans.

Why 24cashfinances?

At 24cashfinances, we feature several loan deals that suit anyone’s budget. We are committed to offering you such financial assistance that arrives on the platform of guaranteed same day loans.

We offer affordable lending that will not cost you too much. We do not ask for any hidden charges and assure you about the safety of your personal details.

  • We are strict on responsible lending but soft on the lending norms;
  • We offer financial assistance carefully but with the adjectives of ‘quick’, ‘instant’, and ‘fast’;
  • We put eligibility requirements in front of you but only for preparing affordable loan deals for you;
  • We want your personal details but only for knowing you and your financial capacity;
  • We want to know your credit score but only to improve it;
  • We want your bank account details but only to transfer the amount.

We cannot guarantee the loan, but we can guarantee timely financial assistance. If you want the same, then opt for our same day loans. Apply now and get the funds today.