Same day loans offered for shorter period of time

Online, January 18, 2010 (Newswire.com) - Same day loans are the best way to meet some cash deficits that occur urgently or unexpectedly without any prior notice. These loans are small yet very fast in approval and can answer your urgent cash needs.

The amount availed can be used for meeting various petty issues such as pay off bills, unexpected bounced check fees, household repairs, electricity bills, medical expenses, grocery bills, and so on. The amount sanctioned in this category of loan ranges from as low as £100 to as high as £1500. With easy and flexible repayment period, the borrowers have to repay the loan amount within a period of 14 to 31 days. The lenders have fixed a repayment period depending upon the borrower's upcoming or next salary.

Same day loans are called small and short term loans as amount sanctioned is small and amount is offered for shorter period of time. The loan is unsecured as no collateral possession is required or necessary for approval. Even the credit status does not affect the chances of approval especially for the bad credit borrowers. The borrowers enjoy same terms and conditions to that off good credit holders. The conditions that must be fulfilled are:

* Applicants must be at least 18 years old or above

* Applicant must be fully employed

* Earning more than £1000 on a monthly basis and must have salary slip

* Availability of active bank account is mandatory

After meeting these above said information, the borrowers can avail instant cash in their account on the same day. Availing instant cash has become easier than before. Yes, this has been made possible with the help of internet or online mode. The borrowers have to fill-in a simple online form and submit it. The moment a same day loan is approved, the cash is transferred into the borrower's account. Similarly, repayment procedure is carried out.

Sophia William is author of Loans for Bad Credit Ratings.For more information about Loans for bad Credit Rating, loans with bad credit visit http://www.loansforbadcreditratings.co.uk