Instant Cash Loans
Is there really a thing such as an instant loan or instant cash loan?
When you search online you will find many loan companies that promises instant loans, and we understand, when looking for a loan online one always want the process to be completed instantly, as with most things in today's, day and age, we seem to have lost the ability to be patient. When you search online you will find many loan companies that promises instant loans, but is there really a thing such as an instant loan?
To be direct it is impossible for a lender to offer instant loans, as there is always checks that needs to be completed, and these checks are in place to protect you as consumer and to estimate your ability to be able to take and repay the loan. Here at Mr Cash Loans, we will not make any promises, that will satisfy your need to have an instant loan, as we know that most loans normally complete within a day, sometimes more.
We support responsible lending, which means that yes, all the credit providers that we deal with is registered with the NCR, and also, it means that yes, your credit record will be checked and yes, an affordability assessment will be done, as our aim is not to get you into a credit spiral, by just getting your credit without knowing that you have the ability to repay the loan and cost involved.
What to expect when you apply for a cash loan with us:
Once you have applied online a credit check will be conducted, after which, one of our agents will get back into contact with you. You will be asked for your supporting documents, which can be scanned and emailed to us. After that a full affordability assessment and employment confirmation will be conducted, by the service provider's credit assessment team. Should you pass these checks your loan will be approved and pay into your banking account.
Some basics to always consider before applying:
You need be permanently employed for more than 6 months, you also need to be older that 18 and younger than 60, with your own bank account, that your salary gets deposited into and you need to have access to email and your own cellphone number. Online loan applications will be subject to your credit rating and your capacity to repay it, and a full affordability assessment will be conducted, to confirm that you can afford to repay the loan installment. Loans online can be taken out for as short as 3 months or up to 72 months in some cases.