There are times when we all run a little short in between paydays or have an unexpected expense such as need for a new tire or your car breaks down. Don’t fret it is possible to get an in between payday loan to help you out. One of the UK’s number one leaders in the market of online payday loans, PaydayUK, a division of MEM Consumer Finance Ltd, is a great place to start when you need to apply for a payday loan for times when you run short on cash.

Application and approval process

Applying for a short term payday loan is easy. There are requirements that need to be fullfilled in order to be approved. The applicant must be a resident/citizen of the UK, proof of residence is required. Must be over 18 years old, and have had steady current employment for minimum of six months. A current bank account, in the name of applicant, current for at least 3 months. Upon approval the money is then transferred to the bank account of the borrower. Paying off the loan is simple, it is done electronically and automatically deducted from the borrower’s bank account on the scheduled repayment date.

Amount borrowed and interest rates

The amounts that can be borrowed range from £100-£1500. Interest rates vary and are based on the term of loan. For example if the applicant borrows £500 on a 36 month installment loan the total repayment amount would be £745, this calculates to be an APR of 16.9% with the acutal interest rate of 49%. The longer term of the loan the more interest charged. A sixty month installment loan for £500 would be a repayment amount of £970 at an APR of 16.9% or an actual interest rate of 94%. Needless to say it is in your best interest to keep the term of this loan as short term as possible.

Everyone has unexpected expenses or running short on cash between paydays help is out there. The next time you find yourself short on cash between paydays check out www.paydayuk.co.uk for some help. Their process is simple and if you qualify you will have the loan in your bank account before you know it. Just ask your friends and you will find that they would recommend that you go to PaydayUK for a short term payday loan.

With the hundreds of cash loan websites, it can often be hard to find a good one that does what it says it does. Even though these websites aren’t the ones lending you the money(they partner with banks to provide the small loans), it does matter which site you pick. Some sites approve the cash loans fast there others, different sites allow different loan amounts, and sometimes the interest rates vary as well. Below are some of the top lending services based on country.

United States Cash Loan Providers

Company	Loan Amount	Interest Rate	Restrictions	Website
	Up to $1500	$100-$150/per $1000 loan.	US Only; Job Required	www.60minutepayday.com
	Up to $1000	Depends on loan provider, personal credit, etc. Usually between 10%-20%	US Only. State restrictions: GA, VA, WV & OH	www.teamquickcash.com

United Kingdom Cash Loan Providers

Company	Loan Amount	Interest Rate	Restrictions	Website
	£80-£750	About 20%	UK Only; Job Required	www.paydayuk.co.uk

Important note:

Payday Loans are definitely a great option if you are about to miss a car or house payment. That said, it is really not a good idea to rely on payday loans every month. In fact, I highly recommend you not get one unless you have no other option. Since small cash loans are considered high risk, loan interest rates are often really high - usually about 20%.

Never miss a payment!

The good thing about these services is that they usually automatically deduct the loan payments out of your bank account for you. However, if you miss one of these payments do to lack of funds, you will start to see an increase in your interest rate. Sometimes they can jump from 20% to 30% or even 40% interest if you miss even one payment. Because of that reason, it is important that you always have funds in your account to repay your loan. Also, I recommend you pay off your loan as soon as possible as this will really help you save money on interest payments.

With the hundreds of different instant payday loan sites online on the internet today, it is hard to find one that it honest and safe. From some research that I did, I have found the best payday advance loan websites. While these are all small cash loan websites(less than $1500 loan), these sites can be great solutions if you are about to miss a house or car payment. Below is the list the best reviewed instant cash loan websites that don’t require you to fax them your info.

60MinutePayDay.com -This is for US residents only. I like this site because they have a relatively low interest rate (just under 20% per year) and the approval process is pretty much instant. They don’t do any background credit checks, don’t require you to deposit any money(beware of those), and you don’t need to fax them anything.

Paydayuk.co.uk -PaydayUK is one of the top small cash loan lenders that approves users and deposits the loan directly to your bank account within a 24 hour period. This is one of the few UK instant cash loan sites I can recommend. Check them out here.

TeamQuickCash -This is another US only instant cash advance site. This one only offers up to $1000 small cash loan but has a good track record. It requires no faxing, no credit checks, etc. The only thing you need is a job that pays over $800 a month to get this loan. This is a same day loan service that will get you your loan very quickly.

Beware of any site that requires you to deposit money!

Any small cash loan site that requires you to put down a security deposit on the loan is more than likely a scam. Most same day instant cash loan websites only require you to have a job in order to get a loan, regardless if you have bad credit or not. Any site that says they want a deposit, stay far away from!